6min chapter

Chai with Pabrai cover image

Mohnish Pabrai's Talk with UNC Kenan-Flagler School's Investment Management Club on Dec 5, 2022

Chai with Pabrai

CHAPTER

Is the Market Blindsided by the Fed Announcement?

I think most investors are better off if they focus in a lot more on individual businesses and what's going on with the individual businesses. Auction driven markets can serve up really, really incredible valuation from time to time. I'm never going to be able to pick up a piece of real estate at 4%. And what the market priced 3 and 1 half years ago at $20 million, it prices today at $270 million in dollars.

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