Pabrai owned 1.3-1.4% of Fiat Chrysler (5B market cap, 70M invested) and received 1.3M shares of Ferrari in the spin-out (>1% ownership), but sold when trading at 30-40x earnings, generating 100M profit; if held, position would be worth 300M today.
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Speaker
Manish PabraiEvidence Quote
“Owned 1.3-1.4% of Fiat Chrysler... got 1.3M Ferrari shares (>1% ownership)... sold at 30-40x P/E for 100M profit... position would be worth 300M today”
Source
Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish Pabrai— Value Investing Q&A Series Brown UniversityCreated: 8/11/2026, 1:53:00 AM
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