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Mohnish Pabrai’s Q&A with CFA Society of Mexico on August 17, 2022

Chai with Pabrai

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Investing in Fang Stocks Is Not a Marketing Strategy

Investing in fang stocks is not some departure from value investing. If the future cash flows suggested that one could have bought Walmart at, you know, double vertical, the price it was trading at many times and exist still delivered double digit analyzer. Even Buffett has said that when they bought C's candy, which they paid like $25 million for, and they've pulled out several billion dollars in dividends so far.

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