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TIP442: Investing in Stocks w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
Are You Getting a Million Dollar Pays in Turkey?
Rasa: A lot of businesses in turkey are not investable due to high inflation. But there are a sliver of them where economics work out really well, he says. The company is borrowing at 14 % in lira, and their rents are going up at least 20 to 30%. Even if the rents are not keeping up i inflation, theyre twice their borrowing costs.
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