Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 30, 2017
Chai with Pabrai
Is There a Deal Breaker in Your Book?
If you've got a just low cost a reserves and low cost operations bring you th loson of the cost gor, no leverage, and a purchase price which is very low, because the world's not interested. And so you're better off staying away from the high cost producers, even when they're cheap. So for example, this company in india, which has given us an inx so far, is a that there is a mote its fer difficult to understand the mote in that business easily, but that they're the lowest cost producers in the market they serve. That gives them a huge tail wind. Te, i will finly, simple businesses with durable mots
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