4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP534: The Joys of Compounding by Gautam Baid

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Stay Humiliated When the Future Is Uncertain

When investors have a big win or feel like they can do no wrong, it's natural to become overconfident and double down on our bets thinking that we can't lose. Buffett helps combat uncertainty in the markets by investing only within a circle of competence in areas he knows really, really well. The next time you feel you know it all, reflect deeply on that fact. And only invest in businesses that you can truly understand.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode