meta_pixel
Tapesearch Logo
Log in
We Study Billionaires - The Investor’s Podcast Network

TIP546: The Holy Grail of Long-Term Value Investing

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 21 April 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 4 of our review of this incredible book.

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:

00:00 - Intro.

05:51 - What the holy grail of long-term value investing is.

07:55 - Why Gautam prefers to invest in high quality businesses.

10:26 - Why a company’s longevity of growth is much more important than its rate of growth.

15:44 - Why Gautam is bullish on India.

37:26 - Ways in which we can capitalize on inefficiencies in the markets.

45:38 - How Gautam thinks about portfolio management and position sizing.

54:20 - Why it’s so important we emphasize the preservation of our capital and avoiding ruin.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


BOOKS AND RESOURCES


NEW TO THE SHOW?


P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!


SPONSORS

  • Beat FOMO and move faster than the market with AlphaSense.
  • Have peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.
  • Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.
  • What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.
  • Capitalize on the rapidly growing cybersecurity market today with Atakama.
  • Have Commonwealth Private‘s Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy.
  • If you’re into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give Nudge, hosted by Phil Agnew, a listen!
  • Get yourself a Blockstream Jade — An all-in-one, bitcoin-only hardware wallet that makes protecting your bitcoin so easy. Use the coupon code Fundamentals to get 10% off.
  • Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.
  • Get an overall better student loan experience with College Ave. Plus, get a chance to win a $1,000 college scholarship. No purchase is required.
  • Hire expert marketers, on-demand, with MarketerHire. Listeners get a $1,000 credit for first-time customers when you use code WSB.
  • Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!
  • Support our free podcast by supporting our sponsors.



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!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TI-P.

0:03.0

Before we dive into today's episode, I wanted to share something really exciting we've been working on here at the Investors Podcast Network.

0:11.0

To give you some background over the past few months, we've been organizing these TI-P meetups for the Berkshire Hathaway shareholders meeting in Omaha.

0:19.0

Within no time, over 200 people signed up for our TI-P meetups, forcing us to close registration due to the limited space we have in Omaha.

0:27.0

Then we realized something.

0:29.0

So many people are spending thousands of dollars in taking multiple vacation days to travel to Omaha not only to see Warren and Charlie, but also to meet other like-minded investors.

0:40.0

Just skimming through our registration list here, we have people traveling from Singapore, Canada, Australia, Germany, the UK, Bahamas, and all over the US.

0:50.0

Even with the internet nowadays, it is clear to us that people have trouble connecting with like-minded investors that they can trust.

0:57.0

This is why we created the TI-P mastermind community.

1:01.0

In the TI-P mastermind community, you get access to many of the hosts here at TI-P, including myself, and access to a network of high-quality investors.

1:11.0

This is a great way to source ideas, test existing ideas, and meet other investors with thousands of different stocks and a ton of noise out there, having access to a tight-knit, knowledgeable community that shares ideas is invaluable.

1:25.0

Charlie Munger taught us that truly great ideas are rare, and they don't come often, and it's extremely difficult to find these ideas on our own.

1:34.0

I think back to the very beginning of how TI-P started.

1:38.0

Pressing is stig met in an online community that shared ideas.

1:42.0

If they hadn't met in that community, then the TI-P you know and love today would not exist.

1:48.0

Here's the thing though with the mastermind community.

1:51.0

If we let it get too large and let just anyone in it, then we'd still have the problem we had before of too much information to sort through.

1:58.0

This is why we are limiting the first cohort to 30 paid members.

2:03.0

This is to ensure that the discussions are high quality, and the group isn't too overwhelming for you.

2:08.0

I'll also be hosting a live discussion with Stig Broderson, that will be exclusively available to community members on Monday, April 24th, 2023.

2:17.0

Stig and I are going to discuss his philosophy on constructing his portfolio, as well as stocks that he is researching today.

2:24.0

If you're interested in joining the mastermind community, do so today before spots fill up.

...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.