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6min chapter
Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023
Chai with Pabrai
How to Be a Great Bookie
Monash: I asked two of Ajit's direct reports how they do so well. They said, we're going to play a game with you,. So now I'm going to open the kimono for you. It's never been opened before. The insurance policy was that the satellite just gets to the right orbit distance on the Earth. Beyond that, if it works or doesn't work, it's irrelevant. And because there's nobody else in the game and California wanted an assurance that the state has the money, they paid the premium.
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