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Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss. Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US.
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IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:02:10 - Why we should read more history and study fewer forecasts.
0:10:20 - Why “Don’t Fight the Fed” is a misguided investment strategy.
0:15:26 - Why the ability to change our mind as investorsis more critical now than ever before.
0:21:10 - What base rates are and why Buffett loves companies with high base rates.
0:24:47 - Gautam’s wisdom related to opportunity costs.
0:29:25 - How Nick Sleep, Charlie Munger, Warren Buffett have become masters of pattern recognition and better investors because of it.
0:43:04 - Why value investors should generally avoid stop loss orders on long-term secular winners.
0:48:08 - What the real secret is to utilizing the power of compounding.
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/e...
📖 BOOK MENTIONED:
- The Joys of Compounding by Gautam Baid: amzn.to/41e4ztW
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