Chai with Pabrai cover image

Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023

Chai with Pabrai

CHAPTER

The Importance of Leverage in Business

In my childhood, basically every three or four years, my father would go bankrupt. So there'd be a great business, which would have a very rapid growth. And then it would blow up. He started businesses in maybe 10 different industries. In many cases, he started businesses with no prior experience in those industries. The last bankruptcy he had in India was when I was 13 years old.

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