AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023
Chai with Pabrai
The Importance of Finding Competent People
Poni Ma: I don't think we can tell in advance. We only get to know a business after it drops about 40% in our portfolio. And so the same thing with the companies we invest in, I think we may have an idea about these businesses, but we really will get to know them far, far better after we own them for a few years. How do you differentiate when you concentrate? Let's say 50% of your portfolio is just normal business problems or like things that come up and the opposite of complete stagnation. For example, IBM stagnated since 20, but before they were a well-known company nearly died. So how do you differentiate between there who is
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode