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