
The Security Analysis Podcast
Gautam Baid: The Making of a Value Investor
Apr 17, 2024
Gautam Baid, a CFA and Managing Partner of Stellar Wealth Partners India Fund, discusses value investing in Indian equities, his investing journey, and insights on holding overvalued great businesses. He emphasizes the power of quality investing, optimal portfolio composition, and essential advice for new value investors. The podcast covers navigating a bear market in India, understanding valuation in investing, and market sentiment in various market phases.
55:40
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Quick takeaways
- Importance of passion and perseverance in career transitions.
- Need for patience, conviction, and applying variant perception in stock selection.
Deep dives
Investing Journey and Philosophy
The speaker shares his investing journey starting in the stock market during the 2003-2007 bull market in India, experiencing losses, and transitioning from investment banking to the public market. The importance of job satisfaction, passion, and perseverance is highlighted. Insights about value investing, the power of compounding, and taking risks in pursuit of career shifts are discussed.
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