Talking Billions: New Episodes

My guest is the best-selling author Gautam Baid, CFA. He is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund.   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.   Previously, Gautam served as Portfolio Manager at Summit Global Investments, an SEC-registered investment advisor based in Salt Lake City, USA. Before that, he served at the Mumbai, London, and Hong Kong offices of Citigroup and Deutsche Bank as Senior Analyst in their investment banking teams.   Gautam is the author of the international best-seller on value investing, The Joys of Compounding. He is a CFA charterholder and member of CFA Institute, USA; an MBA in Finance from Nirma University, India; and an MS in Finance from ICFAI University, India.   Gautam's views and opinions have been published on various forums in print, digital, and social media. In 2018 and 2019, he was profiled in Morningstar’s Learn from the Masters series. https://www.thejoysofcompounding.com/ www.stellarwealthindia.com   We will talk about: 1)   Gautam’s journey from India to the US, and his passion for investing 2)    The importance of reading and writing in investing success. 3)    Why value investing principles are timeless 4)    The attitude towards material wealth 5)    The nature and benefits of deferred gratification 6)    Luck, chance, serendipity, randomness and their role in our lives and investing. 7)    The notion that you can borrow someone’s investment idea, but you can’t borrow their conviction. 8)   Thoughts on investing in India.   Gautam is an avid reader, and if you are still wanting more after the interview, and the book, as I was, I highly recommend browsing through his reading list that his shares on his website and Goodreads. ---- To get regular updates and bonus content, please sign-up for the ⁠Talking Billions Newsletter⁠ (Updates about New Episodes). Sicart Associates Newsletter (Bi-Weekly Essays). Learn more about ⁠Talking Billions⁠ Learn more about ⁠Bogumil Baranowski⁠ Learn more about ⁠Sicart Associates, LLC⁠. Read ⁠Money, Life, Family⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available ⁠adviserinfo.sec.gov⁠.

Lauren C. Templeton is the founder and president of Templeton & Phillips Capital Management, LLC; a value investing boutique located in Chattanooga, Tennessee. Ms. Templeton currently serves on the Board of Directors at Fairfax Financial Holdings, the Board of Directors at Fairfax India Holdings Corporation, and the Board of Directors of Canadian Solar.   Ms. Templeton is the great-niece of Sir John M. Templeton and serves on the Board of Trustees of the John Templeton Foundation. She is also a current member the Templeton World Charities Foundation and a Trustee of Templeton Religion Trust. Ms. Templeton is the co-author of Investing the Templeton Way: The Market Beating Strategies of Value Investing’s Legendary Bargain Hunter. She received a B.A. in Economics from the University of the South.   We talk about:  1)      Lauren’s childhood and upbringing, and growing up around investing 2)      Sir John Templeton’s optimism, and the concept of maximum pessimism 3)      Sir John’s respect for thrift, and the importance of saving 4)      Making a positive difference in clients’ lives 5)      The benefits of being a student of history 6)      Sir John’s worldly views shaped by travel   We cover so many stories from Lauren's life, and her memories of Sir John, her great uncle.   Stay tuned until the end, when we talk about Berkshire Hathaway and Lauren’s recent email exchange with Warren Buffett.   Links:  Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter Templeton & Phillips Capital Management ---- To get regular updates and bonus content, please sign-up for the ⁠⁠Talking Billions Newsletter⁠⁠ (Updates about New Episodes). ⁠Sicart Associates Newsletter⁠ (Bi-Weekly Essays). Learn more about ⁠⁠Talking Billions⁠⁠ Learn more about ⁠⁠Bogumil Baranowski⁠⁠ Learn more about ⁠⁠Sicart Associates, LLC⁠⁠. Read ⁠⁠Money, Life, Family⁠⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available ⁠⁠adviserinfo.sec.gov⁠⁠.

Christopher Mayer is the founder of Woodlock House Family Capital and author of several books, including 100 Baggers. Before starting Woodlock House (which went live in January 2019), Mayer worked with Bonner & Partners and the Bonner family office. He was the editor of Capital & Crisis, published by Agora Financial from 2004-2015. He was a corporate banker from 1994-2004 and graduated magna cum laude with a degree in finance from the University of Maryland. He also has an MBA from the same institution. He is the author of Invest Like A Dealmaker: Secrets of a Former Banking Insider (2008), World Right Side Up: Investing Across Six Continents (2012), 100 Baggers: Stocks that Return 100-to-1 and How to Find Them (2015) and How Do You Know? A Guide to Thinking Clearly About Wall Street, Investing and Life (2018). Dear Fellow Time-Binder: Letters on General Semantics. We focus our discussions mostly on the 100 bagger book, and I hope to have Christopher back on the show to talk about the other books. We talk about the idea of finding and investing in stocks that could go up 100 times. Chris shares the story behind the inspiration for the book. We talk about building a portfolio of 100x stocks, market timing, and so much more. I would encourage you to stay tuned until the end, when Chris sheds more light on his definition of success. To me, Chris’ book and this conversation continue to expand my imagination when it comes to what’s possible in investing in stocks. (www.woodlockhousefamilycapital.com). Author Page on Amazon https://twitter.com/chriswmayer ---- To get regular updates and bonus content, please sign-up for the ⁠⁠⁠Talking Billions Newsletter⁠⁠⁠ (Updates about New Episodes). ⁠⁠Sicart Associates Newsletter⁠⁠ (Bi-Weekly Essays). Follow me on Twitter: https://twitter.com/bogumil_nyc Learn more about ⁠⁠⁠Talking Billions⁠⁠⁠ Learn more about ⁠⁠⁠Bogumil Baranowski⁠⁠⁠ Learn more about ⁠⁠⁠Sicart Associates, LLC⁠⁠⁠. Read ⁠⁠⁠Money, Life, Family⁠⁠⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available ⁠⁠⁠adviserinfo.sec.gov⁠⁠⁠.

My guest today is Jeff Henriksen. He is the CEO and founder of Thorpe Abbotts Capital, LLC. He is also an Associate Fellow at the University of Oxford and a contributor to Forbes.   Over the last ten years, Jeff has gained knowledge and experience as a private investor with a focus on behavioral finance. Although his investment style is rooted in the teachings of traditional value-oriented thinkers, Jeff’s philosophy centers on understanding the behavioral factors behind mispricing to unlock the core building blocks of the value premium. Using knowledge of these core building blocks, Jeff seeks to adapt traditional value investing philosophy to 21st century financial markets.   Jeff earned his MBA from the University of Oxford where he received the Dean’s Commendation Award. He also holds a master’s in finance from the University of Colorado Denver and a Bachelor of Arts from the University of Colorado Boulder, where he graduated magna cum laude in History. He is a member of the Phi Beta Kappa Society.   Today, we start with some childhood stories, and Jeff’s first entrepreneurial experience.   We dive deep into the concepts behind behavioral finance and economics in search of the new frontier or maybe the last edge in the investment world. Jeff has a gift for explaining difficult concepts in a very relatable way.   All investors read, many write, some publish, and others also teach on top of it all, Jeff tells us what he learned teaching investing at Oxford.   Jeff shares his recent memories of crisis investing while navigating through the global pandemic and tells a story of a stock trader who lived through the Cuban Missile Crisis… a story I didn’t know, but a story that gave me a new way of looking at extremely uncertain moments in time.   We have a longer discussion about obliquity, a concept that’s been on my mind lately, it’s the idea of indirectly arriving at the goal we chose.   Stay tuned to the end, one more time, my guest surprises me with a new take on the definition of success. It involves a Hollywood movie and more.   Find Jeff here: www.thorpeabbottscapital.com ---- To get regular updates and bonus content, please sign-up for the ⁠⁠⁠⁠Talking Billions Newsletter⁠⁠⁠⁠ (Updates about New Episodes). ⁠⁠⁠Sicart Associates Newsletter⁠⁠⁠ (Bi-Weekly Essays). Follow me on Twitter: ⁠https://twitter.com/bogumil_nyc⁠ Learn more about ⁠⁠⁠⁠Talking Billions⁠⁠⁠⁠ Learn more about ⁠⁠⁠⁠Bogumil Baranowski⁠⁠⁠⁠ Learn more about ⁠⁠⁠⁠Sicart Associates, LLC⁠⁠⁠⁠. Read ⁠⁠⁠⁠Money, Life, Family⁠⁠⁠⁠: My Handbook: My complete collection of principles on investing, finding work & life balance, and preserving family wealth. NEVER INVESTMENT ADVICE. IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, Sicart Associates nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of members of Sicart Associates, a registered investment adviser, and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results. More information on Sicart Associates is available via its Form ADV disclosure documents available ⁠⁠⁠⁠adviserinfo.sec.gov⁠⁠⁠⁠.