Evaluating Investment Strategies and Long-term Performance

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:36 - How stock investors can truly think like the owners of the business

10:09 - Which advice would Mohnish give to himself at ages 40 and 50

20:48 - Why you should learn from your mistakes, but not too much

33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game

35:41 - Why you need to work with the fewest possible variables in philanthropy

51:30 - How to look at an “execution moat” 

1:00:59 - Why Stig thinks that Mohnish is over diversified 

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠here⁠⁠.
• Join the exclusive ⁠⁠TIP Mastermind Community⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Mohnish Pabrai’s website.
• Learn more about Mohnish Pabrai’s Dakshana Foundation.
• Our interviews with Mohnish Pabrai about The Inner Scorecard.
• Our interviews with Mohnish Pabrai about Masterclass Investing.
• Our interviews with Mohnish Pabrai about investing in stocks.
• Our interviews with Mohnish Pabrai about value investing and philanthropy.
• Check out all the books mentioned and discussed in our podcast episodes ⁠⁠here⁠⁠.
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