“I don’t know about the rest of the world, but in India, a married person inherits their spouse’s family. Whether they like it or not. The likelihood of getting along with your spouse over the long term is relatively low if you don’t like your spouse’s first, second, and occasionally, even third cousins. For the record, my in-laws are the best. Investing in companies is no different. Buying into a business means also buying into the industry of that business. For example, while I may think I am investing in a company that makes and sells sanitaryware, I am inheriting all the good and the bad of the sanitaryware industry. No company is an island. We can never ignore the kinds of businesses that surround it.”