MI192: Richer, Wiser, Happier Book Review (Mini-Episode)
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Introduction
This week, clay fink talks about william green's new book. In the first chapter, he discusses monich pabaris investment strategy of cloning warren buffet and charley munger when it comes to investing or really anything in life. Pabrai said to william that everything in life is cloned, and he really has no original ideas - which i find so amusing coming from one that is just extremely intelligent. The market is a voting machine in the short term and a weighing machine in the long term. At times stocks trade well above and below their true underlying value. You should only buy a stock when it is selling for much less than your conservative estimate of what
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