The Ten Commandments of Investment Management
Chai with Pabrai
00:00
The Nature of Capitalism Is That It Is Creative Distruction
i think the nature of capitalism is that capitalism is creative destruction. There used to be only one company, tha, that was in the dow about 90 or 90 years ago, that was g e. And what i just saw in the paper is ther new seo has been unceremoniously removed. Thogh g was a pretty formidable company, and i think still in aircraft engines, excepterha, they have a pretty formidable mote. But you can see that even a company like g basically is having a lot of difficulties. I think mots get filled in far more frequently and far more quickly than most of us would think they should get filled in. So your defence against
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