During this interview with SumZero, Mohnish Pabrai discusses how most potential investments will have some ‘hair’ on them. Here’s an excerpt from the interview:
Pabrai: So I think that when you are the investor look at these things. It’s important that you weigh the factors correctly and there is some weight that you should give to the fact that it’s in Turkey, but to say that I’m going to reject it because it’s in Turkey is like Munger saying the CEO drinks too much.
So I think this is one of the interesting things about investing is that we don’t usually get pure pristine bets that we can make. There’s always some hair on them.
Time flies but the last time we spoke was about a year ago, and it seems like it was shorter, but when we spoke about Meta, even a business like Meta there are very great aspects of the business and there are some not so great aspects to the business.
And you have to weigh those factors and we don’t… we won’t always get it right but the more rational we are in looking at those factors, probably the better decision we end up making.
You can watch the entire discussion here:
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