Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015
Chai with Pabrai
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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