We Study Billionaires - The Investor’s Podcast Network
Business:Investing
Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor.
Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.
Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
02:40 - The impetus for Gautam writing a second book.
04:24 -Why journaling is an important practice for value investors.
06:27 - Why judging market sentiment is important and how investors can go about doing so.
13:21 - How Gautam came to the realization that quality of the business should be emphasized.
16:19 - Why a behavioral edge is the most accessible edge to individual investors today.
19:57 - Gautam’s biggest eureka moment in his journaling process.
27:25 -Why we should let our portfolio winners run.
29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.
33:43 - The telltale signs that a bear market is complete.
39:50 - What companies you shouldn’t average down on in a bear market.
47:00 - How quality businesses thrive during a bear market.
48:19 -Why different stocks require differing levels of patience.
50:23 - How we can use the wisdom of markets to our advantage.
54:05 - How Gautam thinks about the Fed’s policies.
59:21 - How investors can best prepare themselves for the next bear market.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen
TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
TIP536: Buffett and Munger’s Principles and Mental Models
RWH023: Defensive Investing In Dangerous Times W/ Guy Spier
TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich
BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
TIP534: The Joys of Compounding by Gautam Baid
TIP533: How the Fed went Broke w/ Lyn Alden
TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster
BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of
TIP530: The Top 5 Billionaire Books w/ Richard Wilson
BTC119: Merging the Energy Sector with Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
TIP529: Joel Tillinghast & Uncovering the Art of Outperformance
TIP528: Mastermind Q1 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP527: The Epic Collapse of GE w/ William Cohan
BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast)
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor