Investment Insights and Strategies

Mohnish Pabrai gives the keynote speech at the 8th Morningstar Investment Conference in Mumbai, India on October 24, 2018 and discusses the 10 Commandments of Investment Management.

(00:00:00) - Introduction (00:02:05) - Commandment 1: Thou shall not skim off the top (00:04:21) - Commandment 2: Thou shall not have an investing team (00:06:24) - Commandment 3: Thou shall accept that thou shall be wrong at least 1/3rd of the time (00:07:47) - Commandment 4: Thou shall look for hidden P/E of 1 stocks (00:09:28) - Rain Industries (00:11:11) - Commandment 5: Thou shall never use Excel (00:12:06) - Commandment 6: Thou shall always have a rope to climb out of deepest wells (00:17:53) - Commandment 7: Thou shall be singularly focused like Arjuna (00:20:18) - Commandment 8: Thou shall never short (00:21:43) - Commandment 9: Thou shall not be leveraged. Neither a lender nor a borrower be (00:23:43) - Commandment 10: Thou shall be shameless cloner (00:24:08) - Lunch with Buffett (00:26:41) - Inner scorecard vs. outer scorecard (00:27:42) - Portfolio concentration (00:29:21) - Growth vs. value investing (00:30:56) - Motherson Sumi (00:31:36) - Invest in growing pies (00:34:53) - Fee structure (00:37:24) - Investing in India (00:39:44) - Poor Charlie's Almanack