Investing in Quality Businesses & the Art of Lifelong Learning w/ Gautam Baid (TIP566)
发布时间 2023-07-20 23:45:00 来源
摘要
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Clay chats with best-selling author Gautam Baid. We cover the passionate pursuit of lifelong learning, how he achieved his dream of being a professional portfolio manager, why he puts the majority of his focus on high-quality businesses, why India’s time has arrived, and much more.
▶️ RELATED EPISODES:
- The Joys of Compounding by Gautam Baid | Important Lessons: https://youtu.be/SasfZdHrzFU
- The Best Investment You Can Make | The Joys of Compounding by Gautam Baid: https://youtu.be/bYWq6nkWGBE
- A Simple 4-Step Process to Achieving Financial Independence | Gautam Baid's The Joys of Compounding: https://youtu.be/WTMeGbL8jCU
- MIND-BLOWING Returns in Commodities, Cyclicals, & Spinoffs | Gautam Baid: https://youtu.be/Xtahs2Gdyw8
- The Holy Grail of Long-Term Value Investing | The Joys of Compounding Insights: https://youtu.be/6ZDYAGNkHw8
IN THIS EPISODE, YOU’LL LEARN:
- Where Gautam’s passion for value investing and lifelong learning originated from.
- The realization that Gautam had to pursue his dream of managing money and investing in the stock market.
- The story of Gautam applying to over 1,300 jobs in the investment industry before landing one as a portfolio manager.
- How Gautam’s book got published by Columbia Business School and became an international bestseller in seven countries.
- Gautam’s definition of a high-quality business.
- Why Gautam allocates the majority of his portfolio to high-quality businesses despite their richer valuations.
- The characteristics of a business that indicate it has high staying power.
- How Gautam identifies businesses that can earn super-normal profits.
- Gautam’s framework for selling stocks in his portfolio.
- The four stages of a company’s growth cycle.
- Why Gautam looks for opportunities in all areas of the stock market, including cyclicals, spin-offs, and special situations.
- Why it’s so important to think probabilistically instead of deterministically.
- Why forecasting the economy, the Fed, and interest rates is a fool’s errand for stock investors.
- Why humility is required to be a successful long-term investor.
- Why US-based investors should consider investing in Indian equities.
- Why Gautam believes that “India’s time has arrived.”
- Long-term structural trends currently happening in India.
- Why Gautam believes that the incentives in the overall investment industry are broken.
- The differences Gautam has found between managing a fund and managing his personal portfolio.
- Why lifelong learning is paramount to being a successful value investor.
- How to create an environment that promotes learning.
- Three investing and non-investing books Gautam recommends to our listeners.
🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/the-passionate-pursuit-of-lifelong-learning-w-gautam-baid/
📖 BOOKS MENTIONED:
- The Joys of Compounding by Gautam Baid: https://amzn.to/3yijCpM
- You Can Be a Stock Market Genius by Joel Greenblatt: https://amzn.to/3K3QQzh
- Capital Returns by Ed Chancellor: https://amzn.to/3XZVtjU
- Where are the Customers' Yachts? by Fred Schwed: https://amzn.to/3OgzYIe
- Investing for Growth by Terry Smith: https://amzn.to/3O0Cf90
- Poor Charlie's Almanack by Charlie Munger: https://amzn.to/3OkxXLg
- Seeking Wisdom by Peter Bevelin: https://amzn.to/3Q3BcrK
- More Than You Know by Michael Mauboussin: https://amzn.to/3K3R09R
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
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