We Study Billionaires - The Investor’s Podcast Network

TIP536: Buffett and Munger’s Principles and Mental Models

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On today’s episode, Clay Finck continues his review of Gautam Baid’s book, The Joys of Compounding. 

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

02:11 - The virtues of philanthropy and good karma.

06:24 - How we can simplify both our investments and our life.

14:45 - The importance of achieving financial independence.

21:42 - How Charlie Munger achieved financial independence.

26:28 - Why the key to success is delayed gratification.

29:20 - How we can properly assess a management team.

56:03 - The importance of using an investment checklist to avoid common mistakes.

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


BOOKS AND RESOURCES

  • Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
  • Check out the book, The Joys of Compounding.
  • Tune into our previous episode covering The Joys of Compounding. Watch the video here.
  • Check out our recent episode covering Mark Leonard's Letter's and Constellation Software. Watch the video here.


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        We Study Billionaires - The Investor’s Podcast NetworkBy The Investor's Podcast Network
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