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Mohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Oct 14, 2016

Chai with Pabrai

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Why Don't You Sell That Crystal?

Moody's guy said to himself, what are the credit rating agencies all around the world which have the same business model like Moody's? He found that S&P 500 owned 10% of a company called Crystal in India. So Guy's peer at that time he was managing about $30,000, $40 million. It went up and doubled or tripled in two, three years and then he bought a little bit more. And then another year or two later he sold it all. Monish: I can almost bet that maybe 10 or 20 years from now, moutai looks very different.

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