You have evolved a lot over the past 20 21 years of being an investor in public markets. You were looking to buy dollars for 50 cents and sell when the stocks actually became overvalued. Now you've shifted focus to now trying to find those long-term compounders with long runways. Even if the stock looks a bit like price you're like a little bit overvalued at this point you want to keep holding on to those kind of compounders till the story or till the business remains good.
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.