
Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
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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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