The One Percent Show with Vishal Khandelwal
Ep. 32: Bogumil Baranowski on Building Generational Wealth and Playing the Infinite Game of Investing
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Define personal objectives and stick to your game plan amidst external distractions.
- Childhood experiences shape investing philosophies and the importance of lasting legacies.
- Wealth preservation requires a long-term perspective and diligence in nurturing financial futures.
- Incorporate mindfulness into investing for a calmer journey amidst chaos and information overload.
- Trust personal conviction, reach beyond boundaries, and pursue ambitious goals for personal and professional growth.
Deep dives
Embracing Own Game Plan
Focusing on set goals, disregarding external distractions, Vishal delves into the importance of steering one's own game plan regardless of external noise or benchmarks. Understanding the significance of defining personal objectives and following through is emphasized.
Boghamil's Journey and Early Influences
Reflecting on his formative years in Poland amid economic challenges, Boghamil shares memories of scarcity and resilience. From witnessing economic transitions and exploring the ancient world, personal experiences shape his views on investing, highlighting the impact of childhood roots on future pursuits.
Philosophical Approach to Wealth Preservation
Delving into the intricate concept of wealth preservation, Boghamil walks through his philosophy of investing with an infinite horizon. Drawing parallels to generational investments and the importance of lasting legacies, he elucidates the essence of nurturing wealth over time and the role of diligence in securing financial futures.
Creating Mindful Investing Environment
Incorporating mindfulness into investing, Vishal emphasizes the significance of fostering a serene environment amidst chaos. Drawing wisdom from renowned investors, the practice of maintaining focus, filtering information sources, and curating interactions contributes to a calmer, more insightful investment journey, illustrating the power of discernment in a noisy world.
Reaching Beyond Boundaries and Trusting Yourself in Investment Decisions
When faced with the financial crisis of 2008-09, the advice to opt for US Treasuries, instead of investing in quality businesses at low prices, taught the lesson of trusting personal conviction when making investment decisions. It highlighted the importance of reaching beyond perceived boundaries and having the inner strength to act on opportunities even when others may not agree.
Aim for the Stars: Pursuing Your Biggest Dreams
The best advice received entailed reaching for one's biggest dreams, emphasizing the significance of pursuing ambitious goals despite external skepticism or self-doubt. It underscored the importance of believing in oneself and striving for aspirations beyond conventional limitations, leading to personal and professional growth.
Pushing Past Negative Labels and Embracing Possibilities
Through personal experiences of overcoming challenges like learning languages despite discouraging remarks, the notion of breaking free from limiting labels and pursuing greater possibilities emerged. This advice encourages individuals to defy negative perceptions, persist in ambitions, and unlock their full potential.
Legacy of Reading and Writing
Developing habits of reading and writing not only as personal passions but also as tools for growth and self-expression. The engagement with books and the act of articulating thoughts through writing serve as enriching habits that foster continuous learning, introspection, and creative exploration.
Perspective on Immortality and Time Management
The episode delves into the concept of immortality, questioning how life may differ if individuals had unlimited time. It suggests that current behaviors, like postponing experiences or spending as if resources were endless, already reflect an assumption of limitless time. The discussion reflects on the introspective idea of living as if one were immortal, pondering how awareness of mortality can reshape priorities and behaviors.
Reflections on a Life Well Lived
The podcast explores the notion of a fulfilling life, emphasizing the importance of personal connections and leaving a meaningful legacy. It highlights the balance between seizing the present moment and planning for a future that one's future self will appreciate. The conversation emphasizes the richness that relationships and experiences bring to life, encouraging listeners to embrace each day with purpose and gratitude.
I talk to Bogumil Baranowski, a seasoned investor, insightful author, and a thought leader in the field of finance and investing. Bogumil is a published author of three books: Outsmarting the Crowd, Money, Life, Family, and Crisis Investing. He is also a Founder and Host of the popular investing podcast Talking Billions. In 2016, with three partners, he co-founded Sicart Associates, a boutique investment firm based in New York City, and later founded Blue Infinitas Capital. He is also a licensed private pilot, and when not reading, writing, and hosting podcasts, can be found sailing, surfing, and scuba diving around the world.
Join me as I delve into Bogumil's mind, exploring his remarkable journey, his philosophy on investing and life, and the wonderful lessons he has learned along the way. Whether you're an aspiring investor, a seasoned professional, or simply curious about the intersection of finance and personal development, Bogumil's story is sure to inspire and enlighten you.
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USEFUL RESOURCES:
1. More about Bogumil -
a. Website - https://www.bogumilbaranowski.com/
b. Twitter - https://x.com/bogumil_nyc
c. Talking Billions podcast - https://www.talkingbillions.co/
- EP. 70: Vishal Khandelwal: The Sketchbook of Wisdom, A Hand-Crafted Manual on the Pursuit of Wealth and Good Life - https://www.talkingbillions.co/episodes/ep-70-vishal-khandelwal
d. Bogumil's books -
- Outsmarting the Crowd - https://amzn.to/3XGaJUR
- Money, Life, Family - https://amzn.to/45OHpxf
- Crisis Investing - https://amzn.to/3L32nPH
2. Modern-Day Asset Management Business w/ Anthony Deden - https://youtu.be/a4_U6bS-cU4?feature=shared
3. Book - One Up on Wall Street - https://amzn.to/3Lrb0nr
4. Book - The Alchemist - https://amzn.to/3xHJpLf
5. Do schools kill creativity? By Sir Ken Robinson - https://youtu.be/iG9CE55wbtY?feature=shared
6. Vishal on Twitter: https://x.com/safalniveshak
7. Vishal's Podcasts -
a. The Inner Game - https://www.safalniveshak.com/the-inner-game/
b. The One Percent Show - https://www.safalniveshak.com/the-one-percent-show/
8. Vishal's book - The Sketchbook of Wisdom (English) - https://book.safalniveshak.com/
9. Free newsletter on money, investing, decision-making, and life - https://www.safalniveshak.com/newsletter/
10. Online course on Value Investing - Mastermind - https://www.safalniveshak.com/mastermind/
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