I have an enormous number of positive things to say about India. The problems are enormous. How much fraud will be exist in the future in India, an enormous amount but hopefully less than there is today. I approach investing in India with the extreme knowledge and hopefully I never forget it that I am an outsider. There's a certain justice there as well it means that outside, sort of like foreign capital like mine can't invest in every opportunity, but local capital can. So yeah, I and you know I really enjoy saying this. I don't see why it should not happen at the point at which India is the largest English speaking economy in the world.
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.