We Study Billionaires - The Investor’s Podcast Network

TIP534: The Joys of Compounding by Gautam Baid

whatshot 80 snips

Mar 14, 2023

Discover the art of lifelong learning and why curiosity is essential for personal growth. Explore the power of mental models and first principles for making better decisions. Learn how the Feynman Technique can enhance your understanding of complex subjects. Successful investors often credit their behavioral edge and the choice of effective role models. Humility is highlighted as a key trait for long-term investment success, alongside the value of authentic living and embracing risks in pursuit of your passions.

56:13

forum

Ask episode

web_stories

AI Snips

view_agenda

Chapters

menu_book

Books

auto_awesome

Transcript

info_circle

Episode notes

volunteer_activism

ADVICE

Lifelong Learning

Read widely to acquire wisdom and compound knowledge.
Prioritize self-improvement as the ultimate investment.

volunteer_activism

ADVICE

Reading Habit

Read 10 pages daily; starting is the hardest part.
Discard uninteresting books; follow your curiosity.

volunteer_activism

ADVICE

Information Consumption

Be mindful of media consumption; prioritize enduring content.
Focus on timeless works like history and biographies over news.

Get the Snipd Podcast app to discover more snips from this episode

The Value of Curiosity and Time Management in Lifelong Learning

11:03 • 2min

chevron_right

Mastering Attention and Knowledge

13:19 • 7min

chevron_right

Principles of Rational Decision-Making

20:20 • 18min

chevron_right

Finding Your North Star

37:50 • 5min

chevron_right

Living Authentically and Embracing Risk

42:35 • 5min

chevron_right

The Power of Trust and Humility in Investing

47:12 • 13min

chevron_right

The Joys of Compounding

Gautam Baid

In 'The Joys of Compounding', Gautam Baid offers a comprehensive approach to value investing, drawing from the wisdom of investing legends like Warren Buffett and Ben Graham. The book emphasizes the importance of self-improvement and intellectual development as key components of successful investing and living. It combines practical investment advice with philosophical reflections, making it a unique resource for investors and anyone interested in personal growth.

The Five Elements of Effective Thinking

Michael Starbird

Edward B. Burger

Brian Troxell

The Psychology of Money

Timeless Lessons on Wealth, Greed, and Happiness

Morgan Housel

In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].

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.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

River
Toyota
Sun Life
The Bitcoin Way
Meyka
Sound Advisory
Industrious
Range Rover
iFlex Stretch Studios
Briggs & Riley
Public
American Express
USPS
Shopify

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Home Top podcasts Popular guests