Buffett there are 50,000 stocks in the world how am I supposed to study them all right. His answer was start with the A's okay and actually it wasn't just a you know gimmicky answer if you will or just being a smart aleck that's exactly what he he did. He would be upstairs at home before we moved to the office that pretty much from 7 a.m. in the morning to maybe midnight other than for me it's he'd find something that looked interesting then he would drill down some more Right. Sometimes you would find a company's market cap is 15 million dollars and they made $27 million last year for example so he'd find these quirky anomalies then
Mohnish Pabrai is the founder and Managing Partner of Pabrai Investment Funds. In this show, among lessons on life and investing, we talk about the biggest lessons Mohnish has learned from the people with whom he has been the closest in life – his father, Warren Buffett, Charlie Munger, Nick Sleep, and Guy Spier.