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Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023
Chai with Pabrai
Warren Buffett's Cyclical Business
The company had publicly stated that the next two years cash flows were $15 a share each. So it's a very cyclical business. I said, I just want to buy the stock and let's see what happens after two years. A year later they announced a one more year we will have $15 in cash flow. And by now the stock is at like 70. Maybe we should, you know, let it go. We made our money and all that. But then it gradually drifted up to about 90 and I was getting ready to sell it. It was a double in less than two years.
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