Prominent figures in India's stock market emphasized the importance of patience and the power of compounding for new investors at the CNBC-TV18 Global Leadership Summit.

Compounding was referred to as the "eighth wonder of the world" and compared to a snowball that grows larger as it rolls down a tall hill. It was highlighted that starting early or having a long investment horizon is crucial for maximizing the benefits of compounding, which can transform financial situations over generations.

The chairman and co-founder of Motilal Oswal Financial Services stressed the importance of patience in investing, noting that true investors must remain steadfast during downturns. Waiting for compounding to take effect was emphasized as essential, particularly when market conditions are challenging.