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12min chapter
Mohnish Pabrai’s Q&A session at the Harvard Business School on September 15, 2023
Chai with Pabrai
Reprogramming and Cloning Successful Models
The speaker discusses the need to reprogram thinking and detox from outdated beliefs, as well as the concept of cloning successful models, referencing Warren Buffett's investment partnership model and Mohnish Pabrai's approach. They highlight the rarity of successful clones and express confusion as to why more people haven't replicated successful business models like Chipotle's customizable food orders. They also touch on the limitations of traditional business schools and advocate studying the annual meetings and letters of Buffett and Munger for practical financial education.
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