TIP534: The Joys of Compounding by Gautam Baid

<p>On today’s episode, Clay Finck reviews Gautam Baid’s book, <em>The Joys of Compounding.</em>&nbsp;</p><p>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.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>0:00 - Intro</p><p>05:54 - Why we should commit to lifelong learning.</p><p>14:49 - How mental models can help us make more rational and effective decisions.</p><p>16:53 - How understanding first principles can help us better understand the world around us.</p><p>18:06 - What the Feynman Technique is and how you can use it to learn anything well.</p><p>30:49 - What Warren Buffett and Bill Gates consider their most critical factor to their success.</p><p>31:51 - Why the best investors are those with a behavioral edge.</p><p>38:13 - Why the world’s most successful people choose the right role models to learn from.</p><p>42:16 - Why successful investing requires extreme humility.</p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out&nbsp;<a href="https://www.amazon.com/Joys-Compounding-Passionate-Heilbrunn-Investing/dp/0231197322?keywords=the+joys+of+compounding+by+gautam+baid&amp;qid=1677875949&amp;sprefix=the+joys+of+com%2Caps%2C126&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=70ea5b2ea31f9f69db2f552bd4770cfc&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Joys of Compounding</strong></a>.</li><li>Check out our recent episode covering&nbsp;<a href="https://link.chtbl.com/WSB531" rel="noopener noreferrer" target="_blank"><strong>Mark Leonard’s Letter’s and Constellation Software</strong></a>. Watc