On today’s episode, Clay Finck reviews Gautam Baid’s book, The Joys of Compounding.&nbsp;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:0:00 - Intro05:54 - Why we should commit to lifelong learning.14:49 - How mental models can help us make more rational and effective decisions.16:53 - How understanding first principles can help us better understand the world around us.18:06 - What the Feynman Technique is and how you can use it to learn anything well.30:49 - What Warren Buffett and Bill Gates consider their most critical factor to their success.31:51 - Why the best investors are those with a behavioral edge.38:13 - Why the world’s most successful people choose the right role models to learn from.42:16 - Why successful investing requires extreme humility.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES<ul><li>Check out&nbsp;<a href="https://www.amazon.com/Joys-Compounding-Passionate-Heilbrunn-Investing/dp/0231197322?keywords=the+joys+of+compounding+by+gautam+baid&amp;qid=1677875949&amp;sprefix=the+joys+of+com%2Caps%2C126&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=70ea5b2ea31f9f69db2f552bd4770cfc&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">The Joys of Compounding</a>.</li><li>Check out our recent episode covering&nbsp;<a href="https://link.chtbl.com/WSB531" rel="noopener noreferrer" target="_blank">Mark Leonard’s Letter’s and Constellation Software</a>. Watch the video&nbsp;<a href="https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-never-heard-of/" rel="noopener noreferrer" target="_blank">here.</a></li><li>Don’t miss our review of&nbsp;<a href="https://link.chtbl.com/WSB529" rel="noopener noreferrer" target="_blank">Joel Tillinghast’s book – Big Money Thinks Small</a>. Watch the video&nbsp;<a href="https://www.theinvestorspodcast.com/episodes/joel-tillinghast-uncovering-the-art-of-outperformance/" rel="noopener noreferrer" target="_blank">here</a>.</li></ul> NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,&nbsp;<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">We Study Markets.</a></li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&amp;m=3hIUiG6T8vBkNOB&amp;b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&amp;m=3hIUiG6T8vBkNOB&amp;b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today! SPONSORS<ul><li>Have peace of mind knowing&nbsp;<a href="https://river.com/" rel="noopener noreferrer" target="_blank">River</a>&nbsp;holds Bitcoin in multi-sig cold storage with 100% full reserves.</li><li>If you’re aware you need to improve your bitcoin security but have been putting it off,&nbsp;<a href="https://unchained.com/concierge" rel="noopener noreferrer" target="_blank">Unchained Capital</a>'s Concierge Onboarding is a simple way to get started—sooner rather than later. 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TIP534: The Joys of Compounding by Gautam Baid

We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.We Study Billionaires is the largest stock investing podcast show in the world with 100,000,000+ downloads and is hosted by Stig Brodersen, Trey Lockerbie, and Clay Finck.This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life.And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit&nbsp;theinvestorspodcast.com&nbsp;or subscribe to our free daily newsletter&nbsp;here.