The Art of Value Investing through Journaling | 17min snip from We Study Billionaires

Get the app

TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

We Study Billionaires - The Investor’s Podcast Network

chevron_right

notes

CHAPTER

The Art of Value Investing through Journaling

This chapter explores the transformative impact of maintaining an investment journal, drawing from the author's experiences in bear markets since 2014. It emphasizes the importance of understanding market sentiment and investor behavior, highlighting the significance of recognizing trends to avoid pitfalls. Furthermore, it advocates for a strategic approach to investing in high-quality businesses while managing emotions and reassessing strategies amidst evolving market conditions.

00:00

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor.

Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.

Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:40 - The impetus for Gautam writing a second book.

04:24 -Why journaling is an important practice for value investors.

06:27 - Why judging market sentiment is important and how investors can go about doing so.

13:21 - How Gautam came to the realization that quality of the business should be emphasized.

16:19 - Why a behavioral edge is the most accessible edge to individual investors today.

19:57 - Gautam’s biggest eureka moment in his journaling process.

27:25 -Why we should let our portfolio winners run.

29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.

33:43 - The telltale signs that a bear market is complete.

39:50 - What companies you shouldn’t average down on in a bear market.

47:00 - How quality businesses thrive during a bear market.

48:19 -Why different stocks require differing levels of patience.

50:23 - How we can use the wisdom of markets to our advantage.

54:05 - How Gautam thinks about the Fed’s policies.

59:21 - How investors can best prepare themselves for the next bear market.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Check out our newly released TIP Mastermind Community.
Learn more about Gautam’s Fund – Stellar Wealth Partners.
Gautam’s book: The Making of a Value Investor.
Check out the related episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid, or watch the video here.
Follow Clay on Twitter.
Follow Gautam on Twitter.

SPONSORS

Support our free podcast by supporting our sponsors:

River
Toyota
CI Financial
Sun Life
AFR
The Bitcoin Way
Industrious
Briggs & Riley
Range Rover
Meyka
iFlex Stretch Studios
Vacasa
Public
Simon & Schuster
USPS
American Express
Shopify

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Home Top podcasts Popular guests