This chapter explores the strategy of buying stocks at a discounted price and the importance of distinguishing between price and value in investments. Through various anecdotes and examples, the conversation delves into emotional decision-making in investments, market efficiency, the impact of institutional investors on market volatility, and the significance of reevaluating one's investment decisions based on new information.
Mohnish Pabrai has a 26 on his license plate. Buffett should have it, Munger should have it and you should have it too. Find out what it means in this episode. For show notes and more information visit www.ruleonepodcast.com
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