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4min chapter
Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
Capital Allocator
Henry Singleton founded Telerdine in 1960 and when he was 40, audio is old. He acquired 130 companies issuing stock to acquire these companies. Most of the buybacks were not done in the open market. And what he did is from 72 to 84, 12 years, and we bought back more than 90% of Teladines shares outstanding. His earnings in this 12 year period tripled.
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