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Value School (Madrid, Spain); Q&A with Mohnish Pabrai on July 9, 2021
Chai with Pabrai
How to Invest in a Bubble
I think it's clear to me that there is pockets of the market that are bubble territory. But we are not in value territory with large US tech or large Chinese tech and so on. When a company can hit an air pocket or a headwind, which is very temporary, and the market takes it out back and shoots it. So I think the approach is a treasure hunt. There are like 50,000 businesses around the world. And they all have different things going on with them every day.
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