Episode notes
On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 4 of our review of this incredible book.
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. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
05:51 - What the holy grail of long-term value investing is.
07:55 - Why Gautam prefers to invest in high quality businesses.
10:26 - Why a company’s longevity of growth is much more important than its rate of growth.
15:44 - Why Gautam is bullish on India.
37:26 - Ways in which we can capitalize on inefficiencies in the markets.
45:38 - How Gautam thinks about portfolio management and position sizing.
54:20 - Why it’s so important we emphasize the preservation of our capital and avoiding ruin.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join our newly released TIP Mastermind Community.
- Check out The Joys of Compounding.
- Tune into our previous episodes covering The Joys of Compounding: Part 1, Part 2 & Part 3. Watch the videos here, here and here.
- Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here.
- Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software here.
- Follow Clay on Twitter.
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