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Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015
Chai with Pabrai
The Power of Inequality
Top picket is the perfect example to explain the idea of inequality. When velocity of money drops, what it is suggesting is that amount of money in circulation is reducing. Why is it reducing when there was so much equity injected into the system? All that money went to the top five is low. So it didn't go to the people it was meant to go to. But it meant to lose the numbers. What does that mean? It means who has the month to reach people? Who have the assets to reach people?"
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