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Invest in the power of compounding

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam • 4 min read
Invest in the power of compounding
Yardi Systems, founded by Anant Yardi, is described as the Microsoft of property managers / Photo: Yardi Systems
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Investors have much to learn from Anant Yardi, a soft-spoken, 78-year old engineer. He arrived in America in 1968 with less than US$100 in his pocket. He was from India, which was then an austere, socialist economy. The young man had never seen colour television.

Yardi is now a tech billionaire in California. He founded Yardi Systems, a provider of software for property managers. The company could be called the Microsoft of property managers.

Last week, he grabbed the limelight by taking over WeWorks, a co-working space operator now on the verge of bankruptcy. Yardi is taking a controlling stake worth US$450 million ($605.6 million).

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