4min chapter

Value Investing with Legends cover image

Mohnish Pabrai - The Value of Continuous Learning

Value Investing with Legends

CHAPTER

The Process of Valuing a New Business

Sergio Markeone was the person running Fiat Chrysler Chrysler at the time. If you had someone of that caliber running a company and they are spinning off Ferrari, which I think it took place about those years as well. That in Italy is an interesting situation. So anyway, the thing is really simple because Sergio gave us five year plans. He laid out and told you what he was going to make five years from now in revenues and profits. And the problem was the market never believed him. Because it was so outrageous.

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