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Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023
Chai with Pabrai
How to Invest in a High Valuation Company
When you have an intelligent buyer now, when I was looking at this company in Turkey, which was 16 million market cap and I've told the owners of the business, I'll give you 25 million. Please give me the whole business. They would just laugh me out of their office. OK, but in the market, it's available. The whole business cannot be bought for 25 million, but 10%, 30%, 30% can be bought of them. Otherwise, there'd be no deal.OK, so I, the only time I have that doing something other than auction driven market because I think they, this particular nuance of publicly traded stock exchanges, all of that gives us a way
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