Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023
Chai with Pabrai
The Grahamian Approach to Investing
In 1948, Ben Graham bought half of GEICO for 712,000. When he passed away in 76, that was 95 million excluding dividends. If everything else again had gone to zero, he would have still been done twice the S&P. He never wrote about it. So all the Ben Graham books never talk about the fact that the biggest success came from buying a great business. It did not come from mathematical games or anything like that.
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