Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
Why Did Buybacks Not Work for IBM and C?
The buyback rate is an interesting one to look at just because it tells you something. It's unlikely that Apple, unless they were to lever up, is going to be able to buy back more than 2% to 4% a year. So why did buybacks not work for IBM and C? We cannot have business. I don't think AutoZone is going to go into a decline in 10 years or 20 years.
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