Charlie Munger, vice chairman of Berkshire Hathaway, reviews notes before a shareholder meeting in Los Angeles, on Feb. 14, 2019. (Photographer: Patrick T. Fallon/Bloomberg)
I was recently having a conversation with a friend who owns an automobile components business. He mentioned how he was looking to invest Rs 2 crore to purchase a new piece of equipment for his manufacturing unit and why he thought this investment would bear fruits over the next 10 years.