This chapter delves into the distinction between a company's value and its price, stressing the significance of accurately assessing a business's worth to evaluate the reasonableness of the price paid. It contrasts the strategy of investing in undervalued assets at low prices for secure returns with minimal risk against the common belief that high returns necessitate high risk.
Mohnish Pabrai has a 26 on his license plate. Buffett should have it, Munger should have it and you should have it too. Find out what it means in this episode. For show notes and more information visit www.ruleonepodcast.com
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