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Re: The Dhandho Investor - Mohnish Pabrai
Q: Why sell something you have gotten at a huge discount?
A: Because you don't trust your own analysis.
And quite right so. An estimate that relies on projecting a future PE is bound to be off by miles. Learn how to estimate intrinsic value and get off the roller coaster.
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Anything too stupid to be said is sung. [Voltaire]
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