Episode Details

Robert Leonard & Gautam Baid discuss Gautam's investment evolution, Buffett's influence, behavioral edge, simpler businesses, value traps, negative info, disqualifying features, Indian stock market & more!

Gautam Baid is the Managing Partner of Stellar Wealth Partners India Fund and Equity Advisor of Stellar Wealth PMS. He has a long-term, value-oriented approach and has worked in portfolio management and investment banking. Gautam is also the author of The Joys of Compounding.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:30 - How Gautam’s investment philosophy has evolved over the years after discovering the art of intelligent investing through teachings of Warren Buffett and value investing. 

11:22 - Why he believes the biggest edge investors can have in markets today is behavioral rather than informational? 

22:45 - What are “disqualifying features” and how investors can apply these into their own investment checklists? 

25:52 - Why Gautam focuses on investing in simpler businesses that require fewer assumptions. 

32:27 - Why great companies may not always be great stocks. 

35:06 - How to distinguish between a company that is undervalued and out of favor vs a value trap? 

47:52 - Why incorporating “negative information” into your investment process may be useful. 

53:56 - His thoughts on the potential opportunities in the Indian stock market within the scope of a value oriented, fundamental lens. 

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• Check out Gautam’s book: The Joys of Compounding. 
• Check out: Stellar Wealth Partners.  

NEW TO THE SHOW?

• Check out our Millennial Investing Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
• Enjoy exclusive perks from our favorite Apps and Services.
• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
• Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

• ⁠CFI Education⁠
• ⁠Airbnb⁠

Connect with Robert: