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15min chapter
Mohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023
Chai with Pabrai
Investing in Petro-China
This chapter discusses Warren Buffett's investment in petro-China and the reasons behind it. It explains that petro-China was earning $12 billion a year, making it one of the largest oil companies in the world. Despite this, the market cap of petro-China was only $35 billion, which Warren Buffett saw as an extreme undervaluation.
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