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.
BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)
TIP550: Masterclass w/ Mohnish Pabrai
TIP549: 2 High-Quality Compounders
BTC128: Evolving w/ the Technium w/ Kevin Kelly (Bitcoin Fundamentals)
TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran
TIP547: The Truth About Stock Market Forecasts
BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair (Bitcoin Podcast)
RWH026: Wealth & Health w/ Jason Karp
TIP546: The Holy Grail of Long-Term Value Investing
BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)
RWH025: Patient Capital W/ Samantha McLemore
TIP545: The Third Sea Change Has Begun w/ Howard Marks
BTC125: James Lavish On Why Bitcoin Performs From Here (Bitcoin Podcast)
TIP544: Life-Changing Returns in Cyclicals & Spinoffs
TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham
BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)
TIP541: How Equity Crowdfunding is Changing the Game w/ Daniel Gallancy
RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner
TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson
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