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The Importance of Reading
People who engage in mentally stimulating activities like reading experience slower memory decline than those who don't. Reading is also linked with higher emotional intelligence, reduced stress, a wider vocabulary, and improved comprehension. Godim writes that the most talented people in any given field are self-educated. Just one good idea from a book can lead to millions or even billions of dollars when you apply this concept of lifelong learning consistently.
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.
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