Jack Ma said look I have 25,000 people this is a few years back if I go to the Amazon model I need 10 million people he said I'm having difficulty managing 25,000. Ali Baba has never gone there and that's because it doesn't make sense for him. The negative with Ali Baba's approach is the link to the customer is not as strong but you're just locked in like they are at Amazon.
Mohnish Pabrai is the founder and Managing Partner of Pabrai Investment Funds. In this show, among lessons on life and investing, we talk about the biggest lessons Mohnish has learned from the people with whom he has been the closest in life – his father, Warren Buffett, Charlie Munger, Nick Sleep, and Guy Spier.