Mohnish Pabrai recently bid $650,100 to have lunch with Warren Buffett. According to Mohnish, his winning bid was a overdue "tuition payment" to the man who has taught so many.
Lest you think that this was a ridiculous sum of money to fork over for lunch with anyone, I would like to invite you to read my following article at the Motley Fool:
http://www.fool.com/investing/general/2007/07/02/buffett-and-pabrai-break-bread.aspx
By looking at this lunch from several angles, you begin to realize that this lunch bid was a typical Pabrain value play.
This morning, CNBC interviewed Mohnish about his winning bid. (Thanks to Lincoln Minor for graciously sharing valuable information on all things value investing)
http://www.cnbc.com/id/15840232?video=408046817&play=1
Tuesday, July 3, 2007
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