Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015
Chai with Pabrai
00:00
The Importance of Inactivity in Economics
Inactivity and patience are, in essence, the core of the game. Once you're doing micro-graph in economics, I don't know if you really invested or not that you think, but you have no reason to do it. So inactivity is a great skill for an electric. You know, spending time talking to students and training is very good for you. And patience is an amazing skill for you. Can we identify durable franchise now? Can we get one and identify durable franchises and keep them in the world also so that we will not smart enough to hang out with. The key is that's where I think the other focus on cheap assets, what you're better off doing
Transcript
Play full episode
