Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015
Chai with Pabrai
00:00
The Cost of Losing Capital
The endowment is living because there are real people who depend on payouts. So we don't have the liberty of having a 30% profit. I tell my teacher, let's get 20 great ideas and put 5% in each idea. Not rocket science. We could lose what three ideas to zero and is not going to lose. But if I put three ideas of 33% if one idea goes down, then the institutions will be on top. When they go up, they rise as a good thing. Yeah, it's a cost. It's a great thing. It becomes a chore. Thank you so much for being here.
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