Mohnish Pabrai's Q&A session with students at JNV Bundi on December 24, 2022
Chai with Pabrai
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The Rise and Fall of Enterprise Car Rental
Enterprise is one of the largest car rental companies in the US. When they were hiring people, what they found is that if they went to college, college campuses to hire people who are very smart at the top, they would quit. So Enterprise got rid of all those people. What they did is now when you go to IIT, it is on a GPS system, right? IIT is on a 10 point scale,. To graduate, you need over five and 5.0 graduate IIT. But GPS to be more than 5.0 means you are at the bottom. If you have 5.0 GPA out of 10 but get 4.9 or less, you're not
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