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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 our net worth crossed 50 million, Monash decided to start giving away 2% a year. He said it would not impact the compounding engine because highly likely I'm going to make more than 2%. The Gates Foundation puts money into finding vaccines for 20 years. They haven't found a vaccine yet on anything. When we invest, we do everything to avoid failure.
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