Chai with Pabrai

Mohnish Pabrai's Webcast Q&A Session with Students at London Business School

9 snips
Feb 14, 2023
Mohnish Pabrai is the Founder and Managing Partner of Pabrai Investments Funds, a renowned investment expert, and author of notable investment books. In this session, he shares his '10 Commandments of Investing,' emphasizing the importance of intrinsic value. Pabrai discusses the significance of flexibility in investment strategies and his personal experiences during financial crises. Additionally, he dives into the psychology of human behavior and its effects on investment decisions, advocating for thoughtful gestures in business relationships.
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ADVICE

Empty Calendar Is Key

  • Keep an empty calendar to allow plenty of time for deep reading and thinking.
  • Practice saying no to most meetings and distractions to protect your time rigorously.
ADVICE

Quickly Reject Stock Ideas

  • Reject investment ideas quickly by looking for flimsiest reasons to say no.
  • Focus only on a few great investment ideas per year rather than many mediocre ones.
ADVICE

Solo Research Is Best

  • Do all your own investment research without outsourcing or forming a team.
  • Spend time proportionate to opportunities; due diligence ranges from hours to months depending on the case.
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