Finding Your North Star

This chapter explores the concept of identifying a personal guiding purpose that adds meaning to life amidst distractions. It combines discussions on Hollywood's financial dynamics with personal insights and Steve Jobs' perspective on mortality to inspire listeners to pursue their passions for a fulfilling life.

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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.

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 The Joys of Compounding.
Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here.
Don’t miss our review of Joel Tillinghast’s book – Big Money Thinks Small. Watch the video here.

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