Saurabh Mukherjea on Compounding, Wealth Creation, and Seizing the India Opportunity

In this episode, I talk to Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers and author of notable books like Coffee Can Investing and Diamonds in the Dust. Saurabh talks about the opportunities in investing in India and the wealth creation that lies ahead for those prepared to benefit from the same. To know more about this initiative, check out https://www.vishalkhandelwal.com/ Subscribe to The One Percent Show on - Spotify - https://open.spotify.com/show/1iLAoxJuJRDQk8WzYtqVly Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly92aXNoYWxraGFuZGVsd2FsLmxpYnN5bi5jb20vcnNz Apple Podcasts - https://podcasts.apple.com/us/podcast/the-one-percent-show-with-vishal-khandelwal/id1572196422 Amazon Music - https://music.amazon.in/podcasts/d09a0a7d-2283-45b3-930c-cd28eaa6f8de/THE-ONE-PERCENT-SHOW-WITH-VISHAL-KHANDELWAL 0:00 Introduction 2:22 Key lessons from early years 5:05 Investing lesson learned while working at a betting shop 7:04 Selling equity research firm in England and coming to India 11:37 Similarities and differences in investing in western markets vs India 17:02 Dealing with corporate governance issues in India 25:08 Investing lessons from test cricket and Rahul Dravid 31:05 Coffee Can investing and the idea of keeping investing simple 39:45 Business quality vs valuations 49:28 What can go wrong with Saurabh’s investing process 54:05 Practicing peace and detachment while investing large money 59:35 When to know to compromise on a part of the process 1:03:09 Investment mistake with the biggest lesson 1:06:38 Which book did Saurabh enjoy writing the most 1:09:34 Lessons from Covid 1:11:01 Safeguarding human judgement against AI and machines 1:15:22 Lessons to teach in a class on investing 1:17:57 Favourite non-investing books 1:21:22 Habit that most positively impacts Saurabh’s life 1:22:22 Final piece of lesson