5min chapter

Chai with Pabrai cover image

Mohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023

Chai with Pabrai

CHAPTER

The Importance of Having High Quality Friends

The Munger family has more weird people than most families but all families have strange weird crazy people. Buffett is able to maintain extremely good relationships and strong relationships even when the people are strange like he could just say okay this person is strange I don't need to spend time with this person. Having extremely high quality friends many of his friends are not wealthy they are just they might be just ordinary in terms of net worth but they are very high quality. We can learn a lot without knowing them there is no need to know them to learn from them.

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