On today’s episode, Clay Finck reviews Gautam Baid’s book, The Joys of Compounding.
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:
0:00 - Intro
05:54 - Why we should commit to lifelong learning.
14:49 - How mental models can help us make more rational and effective decisions.
16:53 - How understanding first principles can help us better understand the world around us.
18:06 - What the Feynman Technique is and how you can use it to learn anything well.
30:49 - What Warren Buffett and Bill Gates consider their most critical factor to their success.
31:51 - Why the best investors are those with a behavioral edge.
38:13 - Why the world’s most successful people choose the right role models to learn from.
42:16 - Why successful investing requires extreme humility.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Check out The Joys of Compounding.
- Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here.
- Don’t miss our review of Joel Tillinghast’s book – Big Money Thinks Small. Watch the video here.
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