Avoid Leveraged Businesses! | Mohnish Pabrai at Georgetown University
Chai with Pabrai
00:00
Is There a Direct Correlation Between Disclosure and Understanding?
You should be willing to take a pass if you're not getting all the data you need. I don't think what is happening in the market for the most part is irrelevant. Even during the financial crisis, my portfolio was down like two thirds. You know, so there's a saying if wealth is lost, nothing is lost. If help is lost, something is lost. And if character is lost, everything is lost.
Play episode from 52:10
Transcript
