Mohnish Pabrai's Chat with students at the Rotman School of Management on March 03, 2023
Chai with Pabrai
How Warren Buffett and Monish Bid for Lunch
Monish: I noticed that Buffett was willingly taking bribes to have lunch once a year with whoever paid the highest bribe. He said, why don't I try to bid for the lunch and why don't maybe 2% of that amount is a good tuition fee to pay? So like 1.6 million or something would be perfectly fine. In 2007, my net worth at that time was north of like 80 million and most of it was because of cloning Buffett. And so actually we won the lunch for like about 650,000. But now when I look back, it was like, you know, kind of I think kind of like buy one, get infinite free.
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