Mohnish Pabrai's Talk with UNC Kenan-Flagler School's Investment Management Club on Dec 5, 2022
Chai with Pabrai
Is the Stock Market a Mechanism to Transfer Wealth in Turkey?
Inflation generally is bad news for equity investors, but there's a small sliver of businesses in Turkey which benefit from inflation or at least a neutral on it. The Turkish market is interesting because 80% of the entire market cap of Turkey is either held by insiders or foreign institutional investors. In euro or dollar terms, every 10% decline in the Leera increases these companies' profits by three or 4%.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
