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Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
Investing in China and Companies in China
Moniz: I think the active manager, the deck is stacked against them. You've got the frictional call and you basically are going to be picking one out of 25 out of every 25 stocks. And so figuring out what these companies will do long term in the light of the creative destruction that capitalism imposes on you it's a difficult thing to do. The investors that I would be buying stock from in Turkey. So the Turkish talking market is mostly held either by insiders or foreigners. That doesn't trade. For most locals, nine days is too much.
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