Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
Is the Back of the House a Good Business?
One needs to have a view from 2022 to 2042. Cyclicality is OK. Then we are a cyclical, but it typically don't lose much during downturns because they don't really build spec homes. And so there's an interplay between the earnings growth, double expansion and the amount of shares bought back. But again, the back of the house, what is being spent on service today with combustion engine cars versus what will get spent on service with battery powered cars is quite different.
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