The chapter explains the significance of buying investments below their intrinsic value to achieve a higher rate of return by estimating real value based on future cash flows. It highlights the importance of compounded annual growth rate (KEGR) in investing and references a hedge fund manager targeting a 26% annual return as a key strategy for successful investing.
Mohnish Pabrai has a 26 on his license plate. Buffett should have it, Munger should have it and you should have it too. Find out what it means in this episode. For show notes and more information visit www.ruleonepodcast.com
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