172. Gautam Baid | The Making of a Value Investor

BookThinkers: Life-Changing Books

The World’s #1 Personal Development Book Podcast! Join the world's largest non-fiction Book community! https://www.instagram.com/bookthinkers/ In today’s episode we have the pleasure to interview Gautam Baid author of “The Making of a Value Investor” and “The Joys of Compounding” Gautam is a CFA, a fund manager and Managing partner at Stellar Wealth Partners India Fund and an international best-selling author! In this episode you’ll learn about the inspiration behind his newest book, the benefits of journaling, the importance of learning from mistakes and using a journal to avoid hindsight bias. We also talk about how to focus, mindfulness, and why cutting off from social media can improve decision-making. Gautam also sheds light on his investment strategies, how to grow wealth, what you can do if you're starting from zero, and how you can become a value investor! We hope you enjoy this incredible conversation with Gautam Baid! To learn more about Gautam Baid and buy his book “The Making of a Value Investor” follow the links below: The Book: https://a.co/d/fKxYPf5 Website: https://stellarwealthindia.com Instagram: https://www.instagram.com/gautam__baid/ LinkedIn: https://www.linkedin.com/in/gautam-baid-cfa-b40b7110/ Twitter: https://twitter.com/gautam__baid

Chapters:

00:00 Introduction

02:30 Benefits of Journaling and Learning from Mistakes

05:20 Maintaining a Logical and Emotionally Balanced Mindset

08:13 Importance of Clearing Your Mind Before Investing

09:28 Clarity of Thought and Purpose in Investing

10:53 Diversifying Investments and Avoiding Home Country Bias

14:03 Starting with Low-Cost Index Funds and Graduating to Self-Investing

17:21 The Role of Value Investing and Quality Businesses

19:52 Transitioning from Statistically Cheap Securities to Quality Businesses

22:28 The Future of the Market and Unknown Unknowns

27:38 The Importance of Diversifying Across Countries

28:06 Fundamentals vs. Stock Price Determination

30:02 Avoiding Mistakes and Focusing on Quality in Bull Markets

31:53 Continuing to Follow Gautam Baid's Thinking

35:03 Recommended Books for Investing and Personal Development

37:47 Final Advice: Be Impatient with the Process, Patient with the Outcome

Today’s episode is sponsored by Audible. Try Audible for free: www.bookthinkers.com/audibletrial. The purpose of this podcast is to connect you, the listener, with new books, new mentors, and new resources that will help you achieve more and live better. Each and every episode will feature one of the world's top authors so that you know each and every time you tune-in, there is something valuable to learn. If you have any recommendations for guests, please DM them to us on Instagram. (www.instagram.com/bookthinkers) If you enjoyed this show, please consider leaving a review. It takes less than 60-seconds of your time, and really makes a difference when I am trying to land new guests. For more BookThinkers content, check out our Instagram or our website. Thank you for your time!