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2min chapter
Mohnish Pabrai Lecture at Boston College
Chai with Pabrai
Investing in China, Etc.
More money is spent by the million people trying to get these 15 thousand seats, than what the government spends on those 15 thousand seat oa backward system. So anyway, from my point of view, i was, i did not like that business model because i had seen it's not a wind wind. In the case of the chinese education companies, 95 % of the people who are paying these companies end up disappointed. They don't get a seat that they want. And in the meantime, we've had issues with suicides and depression. It createsa other issue. There are no easy answers that that funnel is problematic. I don't know what the answer to that funnel is.
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