TIP719: Investing and Life Lessons w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
Intro
The host introduces a thoughtful discussion linking investment decisions to personal experiences, using the metaphor of dining out to explore choice and opportunity cost. This engaging chapter sets the tone for deeper insights into both investing strategies and life lessons as a guest joins the conversation.
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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