Cisco was actually it had become the most valuable company in the world. and their brother you know pumping all they could into this massive bubble I remember in March February or February January February of 2000, a Pakistani cab driver he says to me I'm a network engineer right to do that's my specialty okay. What I see today I don't see that situation Isee a little bit different situation I see a bubble in a very narrow set of assets 99 2000 was a very large bubble it was massive just like the 1929 outside the stock market in New York Stock Exchange The shoe shine by a boy is giving you stock tips you know so that's to me that that was a major red flag
Mohnish Pabrai is the founder and Managing Partner of Pabrai Investment Funds. In this show, among lessons on life and investing, we talk about the biggest lessons Mohnish has learned from the people with whom he has been the closest in life – his father, Warren Buffett, Charlie Munger, Nick Sleep, and Guy Spier.