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Classic 22: Life and investing w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
The 2% Formula and the Million Dollars a Year
Once his net worth crossed 50 million, Monash decided to start giving away 2% a year. The number of shares given away every year go down with the amount given keeps going up. "You have to have two or three principles that are different from investing," he says.
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