Chai with Pabrai Mohnish Pabrai’s Presentation and Q&A at the Boston College on October 9, 2014
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Mar 15, 2023 Mohnish Pabrai shares his unique investment strategies, emphasizing patience and long-term gains. He discusses insights from his fund, including farmland investments and the importance of negotiations. The podcast dives into auction-driven markets, revealing stock performance trends and the impact of market volatility. Pabrai reflects on his lunch with Warren Buffett and the concept of the inner scorecard in investing. Discussions also touch on the decline of retail giants and the significance of recurring revenue in maintaining business success.
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Power of Cloning Buffett's Fund
- Mohnish Pabrai cloned Buffett's investment partnership structure with unusual features like no management fees and annual reporting.
- Few funds replicate this, giving Pabrai Funds a lasting competitive advantage and validation of cloning's power.
Nonprofit Focus and Investment
- Non-profits should focus on one or two well-defined causes and concentrate endowments into very few investments.
- Swinging for the fences by putting all resources into a major impact cause and best investment maximizes chances of success.
Investment Flaws in Insurance
- Many good insurance companies excel in underwriting but fail on the investment side.
- Effective float investing requires a Lou Simpson-like expert with full autonomy, which few companies achieve.
