CNN's John Sutter says he used to look for businesses that had high margins, high returns as a sign of a quote good business. He is now looking for something different and his father was just hospitalized for a while because he had a joint infection. So the bacteria are very hard to get out of the body once they're there. They spread. I'm not a doctor but I learned more about medicine I ever wanted to learn. The most profitable businesses often present a target for competition. There are companies like show in Williams that does paints that doesn't look as if it's particularly profitable but it's quietly growing perhaps even like a bacteria.
Guy Spier is the founder and investment manager at Aquamarine Capital, and author of The Education of a Value Investor, which is one of the best books I have read about someone’s personal journey in life, business, and investing. In this episode, we talk about Guy's idea of investing in stocks for the long term, power of using investment checklists, the India opportunity, and much more.