5min chapter

Chai with Pabrai cover image

Mohnish Pabrai's Q&A Session with Ironhold Capital on September 16, 2022

Chai with Pabrai

CHAPTER

How to Get Rid of 50,000 Stocks in a Year

I think the investment process is made even more difficult by, especially in the US, but just the sheer number wise looking at securities. You've got more hedge fund and major funds now than you have at least publicly as stocks in the US. On the other hand, we only need a couple of ideas a year, maybe less. With that large a universe, shifting to things and being, you know, just asking basic questions like is this certain circular what is this earth and that sort of thing will get rid of a lot of companies. And we can use hacks to reduce the data set. One hack you could use is, for example, if you limit yourself to buying businesses that have

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