The Ten Commandments of Investment Management
Chai with Pabrai
00:00
Commandment Number Six - The Good Look
When i was growing up, and my parents were very bad kind of financial planners or favors, so as the business did, so did our household fortunes. And one of the things that surprised me repeatedly, what my dad was that the ability to bounce back. I noticed as he got older that his bounce back was harder than it used to be when he was younger. When i told you what, thou shalt not skim off the top. Then, commandment number six, thou shalt always have a rope to climb out of the deepest. In case some of you didn't understand tht fully, let me try to decipher what the good look meant by commandment number 6.
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