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6min chapter
Mohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022
Chai with Pabrai
The Holy Grail Is the Great Queen Business
Gavin: Michael, I'm just wondering how do you distinguish between whether or not a stock has dimension price due to risk or just uncertainty? We're not going to always get it right. Like John Templeton said, you're going to be wrong at least one out of three times and probably more like half the time. And so I was snow white and then I drifted and then I'm trying to get back to snow white again. So anyway, what I'm saying is that I think that the Holy Grail is the great queen business. That's where we want to be.
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