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Introduction
Clay Fink: I recently picked up God on Bade's book called The Joys of Compounding. He is the managing partner and fund manager of Stellar Wealth Partners India Fund. In this episode, we'll talk about how to use Charlie Munger as a role model for our own journey. At the end of the episode, we begin to dive into the stock investing portion of his book.
On today’s episode, Clay Finck continues his review of 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:
00:00 - Intro
02:11 - The virtues of philanthropy and good karma.
06:24 - How we can simplify both our investments and our life.
14:45 - The importance of achieving financial independence.
21:42 - How Charlie Munger achieved financial independence.
26:28 - Why the key to success is delayed gratification.
29:20 - How we can properly assess a management team.
56:03 - The importance of using an investment checklist to avoid common mistakes.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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