TIP534: The Joys of Compounding by Gautam Baid

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 14 March 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	You're listening to TIP.
0:03.5	Hey everyone, welcome to the Investors Podcast.
0:06.1	I'm your host, Clay Fink.
0:08.1	I am just so excited to bring you today's episode reviewing Godam Bates' book, The
0:13.3	Joy's of Compounding.
0:15.2	I recently had a friend in the Value Investing Space recommend Godam's book, and that it's
0:20.6	just a must read.
0:21.6	And when I picked it up, I was honestly blown away by how much quality information was
0:27.1	in it.
0:28.1	Since the book was so good, I'd never thought I'd be able to do it.
0:29.9	I decided to cover it over a series of episodes, so I don't leave out any of the good content
0:35.4	in it.
0:36.4	This series of episodes covering the Joy's of Compounding is likely going to be five
0:40.4	or six episodes over the coming weeks.
0:43.4	Godam confirmed that he was good with me reviewing the book, so to support him, I'd encourage
0:47.3	you to go out and purchase the book for yourselves.
0:49.6	I promise you won't regret it.
0:50.9	It's called The Joy's of Compounding.
0:53.2	I think after you listen to this episode, you'll be more than happy to go and buy the book.
0:57.7	For those of you who don't know Godam Bade, he's the Managing Partner and Fund Manager
1:02.3	of Stellar Wealth Partners, India Fund.
1:05.3	The Fund is a Delaware-based investment partnership, which is available to accredited investors
	...

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