Jump to content

Pabrai Annual Meeting Notes


jberkshire01

Recommended Posts

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. 

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...