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Pabrai Annual Meeting Notes


jberkshire01
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Thanks for the post.

 

Was "totally wrong on placeholders"

 

Could anyone expand on this? Why did he say he was wrong? Does he now consider his least liked idea his "placeholder." Is cash now his placeholder?

 

Interesting that he said this...had a discussion about the Pabrai placeholder idea with a friend a while ago. 

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Thanks for the post.

 

Was "totally wrong on placeholders"

 

Could anyone expand on this? Why did he say he was wrong? Does he now consider his least liked idea his "placeholder." Is cash now his placeholder?

 

Interesting that he said this...had a discussion about the Pabrai placeholder idea with a friend a while ago.

 

Someone correct me if I'm wrong, but I believe he means Berkshire in this instance.  At some point, Mohnish viewed Berkshire as being "good as cash" in the event of a crash -- but in 2009, that wasn't true.  So now, he just holds the cash.

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