Mohnish Pabrai: If Investors Need To Use Excel “There’s A Problem”

At the end of October, the value investor and fund manager, Mohnish Pabrai, gave a virtual presentation and participated in a Q&A session with Boston College and Harvard Business School students.

Pabrai on Intrinsic Value

Among the subjects discussed, Pabrai was asked about his approach to calculating a company's intrinsic value and the data points he looks out for as part of the process.

"The definition of intrinsic value," Pabrai responded, "is really simple."

Q3 2022 hedge fund letters, conferences and more

"It's the sum of cash that can be pulled out of a given business from now until judgment day bounded by some reasonable interest rate," he explained.

That sounds simple, but it's...