Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.

Mohnish Pabrai

Mohnish Pabrai

Businesses Change Enemy High Ideally Industries Investing Investor Low Particularly Point Point Of View Problem Rapid Rate Should Tech View Work You

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