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Clay 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.
▶️ RELATED EPISODES:
- Investing in Quality Businesses & the Art of Lifelong Learning w/ Gautam Baid: [ Ссылка ]
- The Joys of Compounding by Gautam Baid | Important Lessons: [ Ссылка ]
- The Best Investment You Can Make | The Joys of Compounding by Gautam Baid: [ Ссылка ]
- A Simple 4-Step Process to Achieving Financial Independence | Gautam Baid's The Joys of Compounding: [ Ссылка ]
- MIND-BLOWING Returns in Commodities, Cyclicals, & Spinoffs | Gautam Baid: [ Ссылка ]
- The Holy Grail of Long-Term Value Investing | The Joys of Compounding Insights: [ Ссылка ]
IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:00:48 - The impetus for Gautam writing a second book.
0:02:48 - Why journaling is an important practice for value investors.
0:04:57 - Why judging market sentiment is important and how investors can go about doing so.
0:08:33 - How Gautam came to the realization that quality of the business should be emphasized.
0:16:16 - Why a behavioral edge is the most accessible edge to individual investors today.
0:18:29 - Gautam’s biggest eureka moment in his journaling process.
0:20:18 - Why we should let our portfolio winners run.
0:26:25 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.
0:31:12 - The telltale signs that a bear market is complete.
0:37:55 - What companies you shouldn’t average down on in a bear market.
0:42:46 - Why different stocks require differing levels of patience.
0:44:57 - How quality businesses thrive during a bear market.
0:49:00 - How Gautam thinks about the Fed’s policies.
0:52:23 - How we can use the wisdom of markets to our advantage.
0:54:54 - How investors can best prepare themselves for the next bear market.
🎧 Listen to our episodes here: [ Ссылка ]
🖊️ Access the transcript and learn more about the guest here: [ Ссылка ]
📖 BOOKS MENTIONED:
- The Making of a Value Investor by Gautam Baid: [ Ссылка ]
- The Joys Of Compounding by Gautam Baid: [ Ссылка ]
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
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On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.
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