Equity provides long term wealth creation and high returns that can beat inflation. It is one of the most liquid asset classes. While gold is a store of value and hedge against inflation, real estate yields usually cannot beat inflation and returns depend on location. Stocks provide partial ownership while bonds are loans that pay fixed interest. When choosing equity investments, look for companies with clean accounts, competitive advantages, a track record of allocating capital well, and consistency in compounding returns over long periods. Asian Paints is highlighted as an example with its unique distribution channel and ability to double its business every three years.