4min chapter

Chai with Pabrai cover image

Mohnish Pabrai’s Q&A with CFA Society of Mexico on August 17, 2022

Chai with Pabrai

CHAPTER

Is the Stock Market a Mechanistic to Take Wealth?

The 20% that is quote unquote free float with retail Turkish investors and institutional Turkish investors, that turns over every nine days. Their model is that I want to put my money at 10 o'clock at $10 per share or can lead up a share. And by one o'clock, I want to sell it for 11, and move on. Most Turkish investors don't even say they're investing in the stock market. They call it playing the stock market, not investor.

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