The vast majority of the benefits from investing happen through compounding and the best benefits on a pure dollar or a pure rupee sense happen when you've already compounded for a while. It's all about asking yourself, how can I do what I'm doing for a very, very,very, very long time. And so it's just a better way to live basically.
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.