Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
What Is the Definition of Intrinsic Value?
Monash University professor asks about the notion of intrinsic value and where that factors in to your decision-making process. "I was actually misled" by Ben Graham, who anchored his view on a subset of book value - he didn't even anchor on intrinsic value. Monash: The ideal situation is if you look at, let's say Amazon, through its history, hardly generated any cash.
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