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The Joys of Compounding
The Holy Grail of Long-Term Value Investing is a new book by Warren Buffet. The best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return. Companies that invest at low or even negative rates of return are going to grow their intrinsic value either very slowly or maybe even decreasing over time. Another interesting piece I've found from reading this book is God's deep interest in the Indian stock market, and why it offers ripe opportunities for investors.