Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
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Why You Think 90% of Active Managers Can't Beat the Market?
Benjamin Graham: 90% of active managers can't beat the market. He says to finish first, you have to first finish in an auction driven market. The index is too dumb to know that it owns all these companies and doesn't ever sell them.Graham: When making important decisions, I'm going to be trying not to make a mistake.
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