Jeff Bezos said that in a world where everything is changing focus on the things that are not changing. The only reason why we see something is that the eye is constantly moving. A consumer will take a branded water even in a Swiss restaurant when they're confident that the water coming out of the tap is fresh. That's what people do and if you're a supplier of the kinds of brands that people reach for for kind of a sense of security than then that's not changing.
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.