TIP 121 : Super-Investor Mohnish Pabrai - Part 2 (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
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How to Value Liquidity Over a 4% Return
The current US market and the PE, if we were using a Shiller PE, it might be priced at a 4% right now. If you look at a 10-year treasury, it's what? 2.6. What they're looking for is, can they land an exceptional asset in the hands of an exceptional manager with a moat that is getting deeper by the day? Those are the factors that matter more than anything else.
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