Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 30, 2017
Chai with Pabrai
What Is Amazon's Cash Flow?
The market has ascribed a price to amazon. It's come up with a very cise number, down to the penny, of what that business is worth right now. The ords that the market has precisely figured it out, it is as close to zero as you can possibly imagine. But when i look at stear enterprises at two times earnings, i just on t ask myself a question, are humans going o die this year? Are humans going to die next year? Yes. After two years of humans dying, will we have earned in earnings what is equal to the price of the stock? Yes. Ok, so then let's buy the stock. I have no idea
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