We Study Billionaires - The Investor’s Podcast Network

TIP517: Mohnish Pabrai's Dhandho Investment Framework

Jan 22, 2023

54:24

Highlights

AI Chapters

Episode notes

Strategic Investment Principles

01:30

Bet Big on Good Bets

01:37

Investing in a Quality Business

01:37

Investing in a Quality Business

01:37

Introduction

2min

What Is a Dondo Investor?

3min

The Role Model for Immigrants in Motel Business

6min

Moniche's Dondo Framework

4min

The Sixth Principle of Investing

3min

TurboTax - The New Year's Resolution

3min

Why the Stock Market Is Better Than the Pettels

4min

Investing in Distressed Businesses

2min

How to Identify a Quality Moat

5min

10.

The Kelly Formula

3min

11.

Don't Have Time to Stay Up to Date With the Stock Market

2min

12.

The Book of Value Investing by Warren Buffett

5min

13.

Investing in a Quality Business

2min

14.

Moniche's Portfolio - Micron

4min

15.

Micron Is a Micron in the Semiconductor Industry

4min

16.

Brookfield Asset Management

3min

17.

Millennial Investing by the Investors Podcast

3min

On today’s episode, Clay reviews Mohnish Pabrai’s book, The Dhandho Investor. Mohnish is one of our very favorite investors to study here at TIP as we’ve interviewed him for the podcast multiple times in the past. Since its inception in 2000, Mohnish’s flagship fund has achieved a return of 781% to his investors net of fees versus 378% for the S&P 500.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

05:19 -The story of the Patels, who went from owning nothing in the US, to owning over 50% of the motel industry.

11:33 - The 9 Dhandho investment principles.

14:24 - How Dhandho investors are able to earn outsized returns with minimal risk.

25:09 - How to identify bargains in the market.

32:17 - The relationship between investing and gambling.

39:17 - Clay’s analysis on Mohnish’s largest US equity holding today.

49:46 - Mohnish’s investing checklist he uses prior to purchasing a company.

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

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Tune into the recent We Study Billionaires' episode covering The Little Book of Valuation by Aswath Damodaran or watch the video.
Listen to the episode on Warren Buffett's Money Mind or watch the video.
Related Episode: Listen to Investing in Stocks w/ Mohnish Pabrai - TIP442, or watch the video.
Related Episode: Listen to Berkshire's Purchase of TSM & Meta "Doomsday" Analysis - TIP508, or watch the video.
Mohnish Pabrai’s book: The Dhandho Investor.
Follow Clay on Twitter.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm