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TIP550: Masterclass w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
The Benefits of Buybacks for Founders
I understand why your conventional CEO would not understand capital location well. But if you founded Racist or perhaps we can talk about one of your previous holdings, Shinokan. I know there are also some cultural differences in terms of Japan and how they do capital location. Could you paint some color around why founders were clearly very good at capital allocation but not necessarily good at buying back their own stock when it's clearly below their liquidation value?
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