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TIP550: Masterclass w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
The Importance of Passive Investing
In 2003, Rakesh Jhindranwala put 4% of his portfolio into a company in India called Titan Industries. He had about $85 million in total assets at that time and invested 3.4 million. If you took everything else to zero, except for Titan, he'd still have 1.4 billion. NASPERS in South Africa is almost a 100 year old newspaper company. In 2001, they put 32 million dollars into 10 cent and they get a 46% stake in 10 cent. They sold a little bit of the IPO, but they still own 36% of the company in 2018. And in 2021, at the peak of 10 cent, their stake was
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