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2min chapter
Mohnish Pabrai Lecture at Boston College
Chai with Pabrai
Don't Spend More Than the Cash He Generates.
Pony makes sure that when bazuka number one cannot use the money, he puts it into ba a numbe two. And so pony mar doesn't even leave a hundred thousand dollars with himself. If he makes 15 billion, he spends 15 point five millon because he wants to borrow at one %. He doesn't want some checking or savings about giving him one%.
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