Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University – March 4, 2021
Chai with Pabrai
What Are Your Thoughts on Competitive Advantage in Businesses?
A big one was in 2008, 2007, late 2000s, financial crisis. We owned a mortgage company, Delta Financial. They got caught with a significant amount of mortgages on their warehouse lines and the music stopped on the securitize. So that's an example of, we're not going to be doing any mortgage companies in the near future.We haven't done any since then either. And so I'm a lot more leery about going into situations where there's a great amount of debt,. although we do have any businesses in our portfolio currently which have significant debt.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
