2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP442: Investing in Stocks w/ Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Tax Law Selling - I Could Sell Alibaba and Buy Ten Cent, Right?

i heard you say that ten cent might be the best of the big tech companies, and then perhaps amason would be number two. That was a perception i had. And ali baba had gone down significantly from where we had bought it. So i didn't have this 30-day wading period, when normally, in tax law, selling andyou to sell all the alibaba have a 30 or 31 day period when we don't buy anything,. We were able to do it right away because a different security. I was able to kill two birds with one stone. One is that we captured the tax lows, and the ond is which i think we got into a better position

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