Mohnish Pabrai And His Favorite Tech Stock, Micron (Q2 Letter)Rupert Hargreaves
In his latest letter to investors, Mohnish Pabrai warned about the perils of buying stocks at high prices. He explained that it's possible to overpay for even the market's most promising companies. Giving Microsoft as an example, Pabrai noted:
"Microsoft had a very strong entrenched monopoly position in most of its markets. It continued to do well after 2000. In fact, its earnings went from $8 . . .
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