The Meb Faber Show - Better Investing
Mohnish Pabrai on Cloning & Compounding | #495
Aug 16, 2023
Mohnish Pabrai, founder of Pabrai Investments, discusses his love for bridge, philanthropy efforts, and investment opportunities in Turkey and India. He shares insights on investing long-term, holding high-conviction bets, and his perspective on Apple. The podcast also explores teaching personal finance, supporting underprivileged kids in India, and the correlation between mustaches and portfolio performance.
01:18:15
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Quick takeaways
- Turkey's potential as an investment destination due to low ratio of GDP to market cap and exit of foreign investors
- The importance of taking a long-term view on investments and focusing on cash flow generation rather than short-term market fluctuations
Deep dives
Turkey Investing and Irrelevance of Macro Factors
Turkey's potential as an investment destination caught the attention of the speaker due to the low ratio of GDP to market cap and the exit of foreign investors. Despite the macroeconomic challenges, the speaker found a sliver of businesses in Turkey that were unaffected or even benefited from the inflationary environment. Macro factors such as currency devaluation did not deter the speaker from investing in businesses that had minimal exposure to these risks.
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