TIP566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid

<p>Clay Finck chats with best-selling author, Gautam Baid. We cover the passionate pursuit of lifelong learning, how he achieved his dream of being a professional portfolio manager, why he puts the majority of his focus on high quality businesses, why India’s time has arrived, and much more.</p><p>Gautam Baid, CFA is the Managing Partner of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. Gautam is also the Equity Advisor of Complete Circle Stellar Wealth PMS, a portfolio management service which is available to Indian citizens and NRIs globally. Both funds are modeled after the Buffett Partnership fee structure and invest in listed Indian equities with a long-term, fundamental, and value-oriented approach.</p><p><br></p><p>IN THIS EPISODE, YOU’LL LEARN:</p><p>00:00 - Intro</p><p>03:38 - Where Gautam’s passion for value investing and lifelong learning originated from.</p><p>07:07 - The realization that Gautam had to pursue his dream of managing money and investing in the stock market.</p><p>10:52 - The story of Gautam applying to over 1,300 jobs in the investment industry before landing one as a portfolio manager.</p><p>14:38 - How Gautam’s book got published by Columbia Business School and became an international best seller in seven countries.</p><p>18:43 - Gautam’s definition of a high quality business.</p><p>24:32 - Why Gautam allocates the majority of his portfolio to high quality businesses despite their richer valuations.</p><p>30:00 - The characteristics of a business that indicate it has high staying power.</p><p>31:06 - How Gautam identifies businesses that can earn super-normal profits.</p><p>34:04 - Gautam’s framework for selling stocks in his portfolio.</p><p>35:35 - The four stages of a company’s growth cycle.</p><p>37:14 - Why Gautam looks for opportunities in all areas of the stock market, including cyclicals, spin-offs, and special situations.</p><p>49:54 - Why it’s so important to think probabilistically in