Chai with Pabrai Mohnish Pabrai speaks at Trinity College Dublin - February 21, 2019
4 snips
Feb 23, 2023 
Mohnish Pabrai, founder of Pabrai Investments and author of 'The Dhandho Investor', shares his wealth of knowledge at Trinity College Dublin. He dives into market cycles, exposing the emotional drivers behind investment trends. Pabrai dissects Japan's real estate bubble and explains investment opportunities in South Korea. He emphasizes long-term vision in investing and blends anecdotes from his journey through finance and philanthropy. With a focus on navigating market complexities, he advocates for informed decision-making to thrive amidst uncertainty.
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Irishman's Three Pint Habit
- An Irishman ordered three pints daily for himself and his two brothers.
- When he quit drinking, he reduced his order to two, illustrating loyalty and change.
Markets Cycle Every 17 Years
- Markets experience extremely long cycles of boom and bust driven by human emotions.
- These cycles typically last about 17 years, reflecting the length of human market memory.
Price Matters More Than Quality
- Buying great businesses at high valuations can yield poor returns.
- Price paid is crucial, not just the quality of the business.
