The TRUTH About Stock Market Forecasts | The Joys of Compounding by Gautam Baid (TIP547)

💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s...
🏆 Join our exclusive community of dedicated value investors: https://www.theinvestorspodcast.com/m...
🎧 Listen to our episodes here: https://link.chtbl.com/WSB

Clay wraps up his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 5 and the final episode of our review of this incredible book. This episode is jam packed with investing wisdom that you won’t want to miss. 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.

▶️ RELATED EPISODES:
The Joys of Compounding by Gautam Baid | Important Lessons:    • The Joys of Compounding by Gautam Bai...  
How To Think Like Warren Buffett & Charlie Munger:    • Mental Models of Warren Buffett & Cha...  
How to Make Life-Changing Returns in Commodities, Cyclicals, & Spinoffs:    • How to Make Life-Changing Returns in ...  
The Holy Grail of Long-Term Value Investing:    • The Holy Grail of Long-Term Value Inv...  

IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:02:10 - Why we should read more history and study fewer forecasts.
0:10:20 - Why “Don’t Fight the Fed” is a misguided investment strategy.
0:15:26 - Why the ability to change our mind as investorsis more critical now than ever before.
0:21:10 - What base rates are and why Buffett loves companies with high base rates.
0:24:47 - Gautam’s wisdom related to opportunity costs.
0:29:25 - How Nick Sleep, Charlie Munger, Warren Buffett have become masters of pattern recognition and better investors because of it.
0:43:04 - Why value investors should generally avoid stop loss orders on long-term secular winners.
0:48:08 - What the real secret is to utilizing the power of compounding.

🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/e...

📖 BOOK MENTIONED:
The Joys of Compounding by Gautam Baid: https://amzn.to/41e4ztW

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

💡 OTHER RESOURCES
Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3WG6WU3
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤

ABOUT OUR SHOW 🎙 
On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.

🌍 Website: https://www.theinvestorspodcast.com/w...

⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤

📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t...

📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t...

⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.