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Mohnish Pabrai's session with EO Gurgaon on January 10, 2023
Chai with Pabrai
The Mispricing in the Public Markets
If that same apartment or group of apartments were a listed business listed on the BSC, NSC, etc. What would happen is that if that market cap was 100 crores, for example, at some point when you looked at it over a course of a year, it would vary from 60 to 120 crores. And this would not happen if that business were not listed. But in the public markets, you could buy potentially the 100 crores of real estate in Gugawa for 70 crores, or you could even pay 130 crores. It could go both ways. The fact that things can get misprised is what pays the bills for me, right? And in
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