Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
Amazon
The correct way to think about a business like Amazon is to not even think about intrinsic value. Look at their annual earnings for a long period of work. Almost non-existent. And the reason they were non-existent is because they were investing so heavily into the future of the business. Michael: The time to rethink Amazon is not based on valuation unless it goes really crazy.
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