Will Warren Buffet invest in businesses of Delhi-NCR?

This year they gave an unique investment tip.

Imagine you just have to invest once. You do not have to check the price of the stock. You never have to study the annual and quarterly reports. And, in the end you make many times the amount you had invested.

The mantra applies to Delhi NCR as much it applies to USA.

Mantra is to look at how will India do in our lifetime of investment? If you are convinced about India’s long arc, then local businesses will also do great over a period of time.

Read his mantra now. Replace USA with India, and see if it is true for India as well.

I would like you to, again, imagine yourself back on March 11th of 1942.

And as I say, things were looking bad in the European theater as well as what was going on in the Pacific. But everybody in this country knew America was going to win the war. I mean, it was, you know, we’d gotten blindsided, but we were going to win the war. And we knew that the American system had been working well since 1776.

So, if you’ll turn to the next slide, I’d like you to imagine that at that time you had invested $10,000. And you put that money in an index fund — we didn’t have index funds then — but you, in effect, bought the S&P 500.

Now I would like you to think a while, and don’t — do not change the slide here for a minute.

I’d like you to think about how much that $10,000 would now be worth, if you just had one basic premise, just like in buying a farm you buy it to hold throughout your lifetime and depend — and you look to the output of the farm to determine whether you made a wise investment.

You look to the output of the apartment house to decide whether you made a wise investment if you buy an apartment — small apartment house — to hold for your life.

And let’s say, instead, you decided to put the $10,000 in and hold a piece of American business, and never look another stock quote, never listen to another person give you advice or anything of this sort.

I want you to think how much money you might have now. And now that you’ve got a number in your head, let’s go to the next slide, and we’ll get the answer.

You’d have $51 million. And you wouldn’t have had to do anything. You wouldn’t have to understand accounting. You wouldn’t have to look at your quotations every day like I did that first day — (laughs) — when I’d already lost $3.75 by the time I came home from school.

All you had to do was figure that America was going to do well over time, that we would overcome the current difficulties, and that if America did well, American business would do well.

You didn’t have to pick out winning stocks. You didn’t have to pick out a winning time or anything of the sort. You basically just had to make one investment decision in your life.

And that wasn’t the only time to do it. I mean, I can go back and pick other times that would work out to even greater gains.

But as you listen to the questions and answers we give today, just remember that the overriding question is, “How is American business going to do over your investing lifetime?”