Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
How to Calculate the Cannibal Return Formula
NVR and AutoZone are not businesses that you think of as being high flyers or a high return equity. NVR is a very high return equity because basically they took away anything that takes up a lot of equity. AutoZone had over 150 million shares outstanding about 24 years ago. That's a 727 bagger. Now earnings went up 150X, which is massive.
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