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Long Term Orientation Is a Competitive Advantage for Investors
The ability to have that long term orientation is now a bigger advantage than ever before. Most of the talent and resources on Wall Street are focused on competing in the short term arena. People tend to think short term because their decisions are driven by fear. The path to lasting wealth is deferred gratification, savings, and compound interest.
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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