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Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023
Chai with Pabrai
The COVID Trade
"I was trying my best to basically try to make sure that the businesses that we owned are not going to get washed away," Buffett says. "If a business loses revenue for a month, something like 95% won't be around after that." Bill Gates wanted Microsoft to have enough cash so it could run for two years with no revenue and built a cash reserve of $100 billion. The policy response was exceptional, really mind blowing actually", he adds.
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