We Study Billionaires - The Investor’s Podcast Network

TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

Oct 22, 2023

01:01:55

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Gautam Baid, co-founder of Stellar Wealth Partners India Fund, discusses his new book, value investing, journaling, judging market sentiment, the importance of a behavioral edge, and identifying signs of a bear market. He highlights the power of compounding, the benefits of letting portfolio winners run, and the value of liquidity. The podcast also covers strategies for investing during a bear market, understanding biases, and the significance of passion and love for investing.

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Podcast summary created with Snipd AI

Quick takeaways

Journaling helps value investors improve self-awareness and minimize biases.

Assessing market sentiment using indicators like IPO market activity can provide insights into potential investment opportunities.

Holding on to winning stocks for the long term is crucial for maximizing investment returns.

Deep dives

Importance of Journaling and Bear Market Learnings

Journaling is an important practice for value investors as it helps improve self-awareness and minimize biases. Bear markets provide valuable lessons and learnings for investors. The author shares his personal experiences and reflections during a bear market and highlights the importance of maintaining patience and focusing on quality investments.

The Power of Positive Asymmetry in Compounding

01:59

Understanding Market Sentiment: IPOs and Investor Portfolios

01:32

How to Buy a Stock in Today's Information Age

01:22

Navigating Portfolio Volatility and Averaging Down in Bear Markets

01:20

Introduction

2min

The Importance of Journaling and Understanding Investor Sentiment

17min

Reassessing Investments in a Changing World

7min

The Power of Compounding in Investment Returns

14min

Averaging down during a bear market

7min

Understanding Biases in Bear Market Investing

18min

The Importance of Passion and Love for Investing

3min

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor.

Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.

Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:40 - The impetus for Gautam writing a second book.

04:24 -Why journaling is an important practice for value investors.

06:27 - Why judging market sentiment is important and how investors can go about doing so.

13:21 - How Gautam came to the realization that quality of the business should be emphasized.

16:19 - Why a behavioral edge is the most accessible edge to individual investors today.

19:57 - Gautam’s biggest eureka moment in his journaling process.

27:25 -Why we should let our portfolio winners run.

29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.

33:43 - The telltale signs that a bear market is complete.

39:50 - What companies you shouldn’t average down on in a bear market.

47:00 - How quality businesses thrive during a bear market.

48:19 -Why different stocks require differing levels of patience.

50:23 - How we can use the wisdom of markets to our advantage.

54:05 - How Gautam thinks about the Fed’s policies.

59:21 - How investors can best prepare themselves for the next bear market.

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 our newly released TIP Mastermind Community.
Learn more about Gautam’s Fund – Stellar Wealth Partners.
Gautam’s book: The Making of a Value Investor.
Check out the related episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid, or watch the video here.
Follow Clay on Twitter.
Follow Gautam on Twitter.

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We Study Billionaires - The Investor’s Podcast Network

TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Journaling and Bear Market Learnings

Understanding Investor Sentiment

The Power of Compounding and Holding Quality Stocks

Importance of Holding On to Winners

Financialization of Savings and Investing in India

The Power of Positive Asymmetry in Compounding

Understanding Market Sentiment: IPOs and Investor Portfolios

How to Buy a Stock in Today's Information Age

Navigating Portfolio Volatility and Averaging Down in Bear Markets

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

We Study Billionaires - The Investor’s Podcast Network

TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Journaling and Bear Market Learnings

Understanding Investor Sentiment

The Power of Compounding and Holding Quality Stocks

Importance of Holding On to Winners

Financialization of Savings and Investing in India

The Power of Positive Asymmetry in Compounding

Understanding Market Sentiment: IPOs and Investor Portfolios

How to Buy a Stock in Today's Information Age

Navigating Portfolio Volatility and Averaging Down in Bear Markets

Get the Snipdpodcast app

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Discoverhighlights

Save anymoment

Share& Export

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Get the Snipd
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