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Classic 22: Life and investing w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
Is Growth of the Stock Price the Number One Factor for Investors?
In some cases, when I've asked the question very directly, I've gotten a very direct answer that growth of the stock price is not the number one factor for them. For them, they have switched to preservation mode. And so then the question for me is not so much about competence because I can see the track record. My question then becomes more about hunger. There are either kind of capital allocation decisions that are going on and it's extremely conservative, but it's not a good place to put capital. But we just be careful. I think this is not an easy area.
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