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Value School (Madrid, Spain); Q&A with Mohnish Pabrai on July 9, 2021
Chai with Pabrai
The Importance of Current Valuation
Munesh Milwani: I think that there are undervalued businesses at all times. It's just that the geographies and the industry and different things kind of change. Humans vacillate between fear and greed, so you will get some areas of the markets which are ridiculously well valued or deeply undervalued. So when I look at markets today, usually it's difficult to tell when you're in a bubble.
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