TIP583: Preparing for the Bear Market to Come w/ Gautam Baid

Clay Finck is joined by Gautam Baid to discuss his new book, The Making of a Value Investor.

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.

Gautam is author of the international best-seller on value investing, The Joys of Compounding. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

02:40 - The impetus for Gautam writing a second book.

04:24 -Why journaling is an important practice for value investors.

06:27 - Why judging market sentiment is important and how investors can go about doing so.

13:21 - How Gautam came to the realization that quality of the business should be emphasized.

16:19 - Why a behavioral edge is the most accessible edge to individual investors today.

19:57 - Gautam’s biggest eureka moment in his journaling process.

27:25 -Why we should let our portfolio winners run.

29:31 - How Gautam thinks about liquidity and why Stan Druckenmiller considers it the most important thing in markets.

33:43 - The telltale signs that a bear market is complete.

39:50 - What companies you shouldn’t average down on in a bear market.

47:00 - How quality businesses thrive during a bear market.

48:19 -Why different stocks require differing levels of patience.

50:23 - How we can use the wisdom of markets to our advantage.

54:05 - How Gautam thinks about the Fed’s policies.

59:21 - How investors can best prepare themselves for the next bear market.

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

BOOKS AND RESOURCES

• Check out our newly released TIP Mastermind Community.
• Learn more about Gautam’s Fund – Stellar Wealth Partners.
• Gautam’s book: The Making of a Value Investor.
• Check out the related episode: WSB566: The Passionate Pursuit of Lifelong Learning w/ Gautam Baid, or watch the video here.
• Follow Clay on Twitter.
• Follow Gautam on Twitter.

NEW TO THE SHOW?

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Check out our We Study Billionaires Starter Packs.
• Browse through all our episodes (complete with transcripts) here.
• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• 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.
• Help us understand our audience better so we can create a more intentional user experience by answering this survey!

SPONSORS

• Invest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.
• Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA.
• Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.
• Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.
• Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.
• Beat FOMO and move faster than the market with AlphaSense.
• Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.
• Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.
• Earn more where your business spends the most with American Express Business Gold Card! Enjoy 4x Membership Rewards points, Up to $395 in annual statement credits on eligible business purchases, flexible spending capacity, and access to 24/7 support!
• Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!
• Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.
• Send, spend, and receive money around the world easily with Wise.
• Feed your body the nutrients it craves with Ka’Chava, an all-in-one, plant-based superblend made up of superfoods, greens, plant proteins, antioxidants, adaptogens, and probiotics! Get 10% off on your first order today!
• Invest in some of the top private, pre-IPO companies in the world with Fundrise.
• Support our free podcast by supporting our sponsors.

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.