Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023
Chai with Pabrai
00:00
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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