(The link should take you to a transcript and video link to one of his interviews. There are many more on the site.)
The reference to India being a "dream market for investors" is consistent with our belief that India presents many good investment opportunities.
In this video and the others available on the site, Buffett makes a number of other comments that are vintage Buffett and yet still relevant and insightful. Below, I note a number of them that I found particularly relevant.
- Optimistic on the world -- India growth is not at the expense of US growth or vice versa. It is a growing pie.
- Monetary and fiscal stimulus are easy to measure but the real driver of growth is creative, passionate people.
- Corruption does not only happen in India. It takes place all over the world. Even Berkshire Hathaway is not 100 % immune. Berkshire Hathaway tries to only partner with honest partners, communicate its expectations of good behavior and detect/deal with instances of bad behavior as quickly as possible.
- He likes businesses led by people who "love their businesses". Family owned/managed businesses where the family has the passion and the competency to manage the business and, for one reason or another, are looking for outside investors are great -- not easy to find, but great.
- Stay within circle of competence. Where he is not an expert in the business, he has invested in people who are -- feels he is pretty good at that.
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