Valuation Techniques and Long-term Investment Strategies

Mohnish Pabrai’s Q&A Session with Students at Indiana Univ. Kelley School of Business –April 1, 2021

(00:00:00) - Introduction

(00:04:31) - Investment checklist

(00:08:18) - Circle of competence

(00:11:08) - Shipping Industry

(00:21:56) - Portfolio Management

(00:23:35) - US Markets vs. Other markets

(00:25:38) - Short selling

(00:29:24) - Research process

(00:30:42) - Holding a stock

(00:33:10) - Cinches, Feet on the desk and awesome destinations

(00:41:33) - Pre-investment checklist

(00:43:19) - Kelly formula

(00:45:04) - Scenario analysis

(00:46:28) - Hurdle rate

(00:47:48) - Philanthropic initiative; Dakshana Foundation

(00:51:41) - When wealth is lost

(00:54:14) - Best trait of an investor; Patience

(00:56:12) - Lunch with Warren Buffett

(00:58:43) - Starting of Pabrai Funds

(01:01:49) - Investment Strategy

(01:02:35) - Learning from mistakes

(01:04:17) - Career Advice