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Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 30, 2017
Chai with Pabrai
The Five Thousand Becomes Five Million
i picked my daughter up from the airport at 2 in the morning. i asked her a question, as i look, you're 18 years old. At the age of 68, if if this five thousand at 15 % a year, what would it be? So that becomes one thousand. We threw away the 24. It's a thousand. So the five thousand becomes five million. And then i, i went through the math again with her, and of course, the good news was it got seared in.
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