172. Gautam Baid | The Making of a Value Investor

The World’s #1 Personal Development Book Podcast! Join the world's largest non-fiction Book community! https://www.instagram.com/bookthinkers/ In today’s episode we have the pleasure to interview Gautam Baid author of “The Making of a Value Investor” and “The Joys of Compounding” Gautam is a CFA, a fund manager and Managing partner at Stellar Wealth Partners India Fund and an international best-selling author! In this episode you’ll learn about the inspiration behind his newest book, the benefits of journaling, the importance of learning from mistakes and using a journal to avoid hindsight bias. We also talk about how to focus, mindfulness, and why cutting off from social media can improve decision-making. Gautam also sheds light on his investment strategies, how to grow wealth, what you can do if you're starting from zero, and how you can become a value investor! We hope you enjoy this incredible conversation with Gautam Baid! To learn more about Gautam Baid and buy his book “The Making of a Value Investor” follow the links below: The Book: https://a.co/d/fKxYPf5 Website: https://stellarwealthindia.com Instagram: https://www.instagram.com/gautam__baid/ LinkedIn: https://www.linkedin.com/in/gautam-baid-cfa-b40b7110/ Twitter: https://twitter.com/gautam__baid

Chapters:

00:00 Introduction

02:30 Benefits of Journaling and Learning from Mistakes

05:20 Maintaining a Logical and Emotionally Balanced Mindset

08:13 Importance of Clearing Your Mind Before Investing

09:28 Clarity of Thought and Purpose in Investing

10:53 Diversifying Investments and Avoiding Home Country Bias

14:03 Starting with Low-Cost Index Funds and Graduating to Self-Investing

17:21 The Role of Value Investing and Quality Businesses

19:52 Transitioning from Statistically Cheap Securities to Quality Businesses

22:28 The Future of the Market and Unknown Unknowns

27:38 The Importance of Diversifying Across Countries

28:06 Fundamentals vs. Stock Price Determination

30:02 Avoiding Mistakes and Focusing on Quality in Bull Markets

31:53 Continuing to Follow Gautam Baid's Thinking

35:03 Recommended Books for Investing and Personal Development

37:47 Final Advice: Be Impatient with the Process, Patient with the Outcome

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