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Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023
Chai with Pabrai
The Importance of Focusing on the Core Business
I think my general take is that one will face some headwinds in most businesses when one is investing in economies with declining populations. You would need to either have a mouse trap that most of the population doesn't have and therefore, they'll be going after those products. But if you're a standard consumer products company domestically focused in a competitive market, you are facing a lot of headwinds because your market is shrinking. So I think that having said all of that, I think one is better off focusing on the micro versus the macro.
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