
Mohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Oct 14, 2016
Chai with Pabrai
Compounding Is the Eight Wonder of the World
In 1994, when I read about Buffett, he had been compounding at the rate of about 25, 26% a year. If you compound money at 26%, it doubles in exactly three years. That's basically the key to Buffett's success. And so I thought it was worth trying to do what Buffett did.
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