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Mohnish Pabrai's Q&A Session with Ironhold Capital on September 16, 2022

Chai with Pabrai

CHAPTER

The Market Is Confusion, Risk and Uncertainty

There was a very high probability I felt that in the next four or five years earnings in a single year would exceed 200 million. So my take was okay, we don't have a downside. We have an unknown upside and can go in. Those types of bets can pay off extremely well. The math is a little bit more. It makes a lot is required you to make more assumptions. Then I need to make with race, or some rain or if so on, but that can work as well. There's another company, I think in 2015 rain industries, we still own it. This is a very technical business with some significant volatility in earnings, but they're also low cost producer

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