A gold-plated faucet and sink are seen inside a bathroom of a house. (Photographer: Anthony Kwan/Bloomberg)
For value investor Guy Spier, there’s something common between a maker of bathroom fittings and a credit rating agency in India: longevity.Spier sees Cera Sanitaryware Ltd. and CARE Ratings Ltd. as businesses that will be around for a long time. Something that makes them lucrative bets.“I try to restrict myself to buying companies that I believe would be around pretty much forever. One example comes to my mind of many great companies...