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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.
▶️ RELATED EPISODES:
- The Joys of Compounding by Gautam Baid | Important Lessons: [ Ссылка ]
- How To Think Like Warren Buffett & Charlie Munger: [ Ссылка ]
- How to Make Life-Changing Returns in Commodities, Cyclicals, & Spinoffs: [ Ссылка ]
- The Holy Grail of Long-Term Value Investing: [ Ссылка ]
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: [ Ссылка ]
📖 BOOK MENTIONED:
- The Joys of Compounding by Gautam Baid: [ Ссылка ]
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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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