Talking Billions with Bogumil Baranowski

Talking Billions: Office Hours Q&A w/Audience (January 2026)

Jan 16, 2026

Discover surprising work habits that fuel creativity, like walking and reading on the floor. Delve into the balance of management quality and business fundamentals as vital for success. Learn when to hold winning investments and why valuation isn't everything. Explore how AI could ignite productivity and spawn new ventures. Understand the importance of long-term management thinking through earnings calls. Lastly, find out why investing is a lifelong journey, and it's never too late to change your career.

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ANECDOTE

Thinking Away From The Desk

Bogumil prefers not to work at a desk and does his best thinking while walking or reading on the floor or couch.
He trialed recording answers while walking but returned to a quiet space due to noise and distractions.

INSIGHT

People And Business Are One Coin

Management quality and business fundamentals are two sides of the same coin and both matter when investing.
An exceptional business can tolerate weaker managers for a time, but ideally you want both strong business and capable leaders.

ADVICE

Hold Winners Until Quality Changes

Buy businesses you can hold long term even without an immediate catalyst because good things tend to happen over time.
Sell only when the business's quality deteriorates, not merely because valuation looks high.

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Starting in January 2026, I'll take a handful of questions from the audience each month and answer them here. Submit your questions, tune in, share, rate, and listen! Thank you for writing!

Office Hours Episode Notes

Your questions answered on investing, business, and long-term thinking.

Questions covered:

• Most surprising work habit? I rarely work at a desk—I think best while walking or reading on the floor.

• Management quality vs. business fundamentals? Two sides of one coin. You want both capable people and capable businesses.

• How long do you hold winners? As long as the quality remains intact. Valuation alone isn't reason enough to sell.

• When does quality investing become momentum? I don't buy stocks because prices are rising. I buy when they're down and out of favor—then hold as they strengthen.

• AI bull market—what's the endgame? Excited about productivity gains in existing businesses and entirely new businesses AI will enable by lowering creative barriers.

• Signs of long-term management thinking? Read earnings transcripts. Look beyond quarterly commentary to capital allocation decisions and customer/supplier relationships.

• Right time to invest? Investing is a lifelong pursuit, not a market-timing decision. The question isn't "when" but "how" to deploy capital thoughtfully.

• Career change into investing later in life? Never too late. Read extensively, connect with professionals, and find mentors organically.

• Most influential non-investment idea? The Infinite Game—viewing investing, relationships, and business as games you want to last forever, not win once.

Send your questions for next month's Office Hours.

Podcast Program – Disclosure Statement

Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.