2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

Classic 22: Life and investing w/ Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Investing in American Express at Normalized Five Times Earnings

If you get a chance to invest in American Express at normalized five times earnings, you should do that all day long. We don't need to know whether Amex is around 25 years from now. The odds that we lose money on that bet are close to zero. If for some reason Costco got to single digit earnings, 5, seven times earnings, or you'd make that bet all daylong.

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