Mental Models of Warren Buffett & Charlie Munger | Insights from The Joys of Compounding (TIP536)

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Clay 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.
▶️ RELATED EPISODES:
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IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:01:32 - Virtues of Philantrophy & Good Karma
00:05:47 - Simplicity is the ultimate sophistication
00:14:04 - Financial Independence
00:20:06 - Living life with an inner score card
00:21:57 - Key to success is delayed gratification
00:23:30 - Charlie Munger as a role model
00:29:11 - An investors biggest edge
00:38:49 - Common Stock Investing
00:42:39 - Investing between the lines
00:45:56 - Investing Checklist
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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.
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❗ 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.

[@WeStudyBillionaires]

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[@skmirch]

To give credit where credit is due the whole presentation was on gautam baids book, and the icon for the video should have reflected that. I almost missed this gem. If you could, please fix this. Great content, thank you!

[@wenkaiyang1487]

Thank you for introducing their philosophy to us. Love your audios so much. It’s my must watch channel.

[@WeStudyBillionaires]

Thanks for the support! 🙏

[@davorsostaric]

Clay I listened to all of your podcasts and this series about Gautham’s book is by far THE BEST. Thank you

[@WeStudyBillionaires]

Awesome! Glad you enjoyed the series! 📖💡

[@Balachander25]

At time 4:44, its mentioned about somebody warning Gautham about defaulting on payments, and he got out, thats Insider Trading :D

[@cricbuzz1123]

Amazing series for the joys of compounding - I have read it twice, and through these videos, I feel I am reading it for the third time

[@WeStudyBillionaires]

So glad to hear you're enjoying the series! Really appreciate it.

[@candyfloss184]

23:50 😊

[@ReflectionOcean]

- Embrace lifelong learning to gain a competitive edge as an investor (0:44) - Consider philanthropy and the impact of good karma in personal and professional life (1:34) - Simplify your investment strategy by focusing on fundamental principles (5:52) - Achieve financial independence by living below your means and saving diligently (14:12) - Create and utilize investment checklists to avoid common mistakes (14:14) - Use Charlie Munger as a role model for building wealth and achieving independence (17:03) - Understand the importance of free cash flow when assessing a company's health (42:54) - Be aware of psychological biases that can hinder investment decisions (49:14)

[@jbrunogds]

Clay, THIS IS GOLD, thank you, really

[@WeStudyBillionaires]

Thanks so much for watching! Feel free to share to your friends.

[@clayfinck]

Thanks, João! Cheers!

[@freesancocho]

Minimalism employees the law of percentages. 1-100%, 2-50%, 3-33.3%...etc

[@brianbirnbaum9760]

Warning about a bond default sounds like insider trading lol.

[@freedomworks3976]

1 million thumbs up 👍 please ❤😊

[@pkozanov]

Clay, I loved watching your video. A long time ago, I learned the story of the last 3 wishes of Alexander the Great. As every student of history knows, he was one of the wealthiest and most powerful humans who ever lived. Below is a link with a nice video of his final wishes: kzbin.info/www/bejne/bofYYq2qo5J2i68 I think it ties beautifully with your introduction to this video.

[@WeStudyBillionaires]

Thanks for sharing!

[@polarisjustdothework2258]

And how does government spending play into this reasoning?😂😂😂

[@iankamau222]

isn’t that Goddam story insider trading?

[@dependra7]

All Gautam is doing is just summarizing Warren Buffett and Charlie munger’ teachings. There is nothing original. I recommend Mohnish Pabrai’sthr Dhando Investor.