InvestED: The Rule #1 Investing Podcast cover image

InvestED: The Rule #1 Investing Podcast

10- 26 Is The Magic Number

Jun 26, 2015
46:43
Snipd AI
Mohnish Pabrai shares the significance of the number 26 on his license plate and how it relates to Warren Buffett and Charlie Munger's investing principles. The episode explores the distinction between company value and price, the importance of buying investments below their intrinsic value, and strategies for achieving higher returns in investing.
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Podcast summary created with Snipd AI

Quick takeaways

  • Focus on long-term investing principles to avoid short-term pressure.
  • Market volatility can create opportunities to buy undervalued businesses.

Deep dives

Charlie Munger's Investing Secrets

Charlie Munger shared essential investment principles on not losing money, understanding the businesses you invest in, identifying those with lasting competitive advantages, seeking management integrity, and buying at a sensible price with a margin of safety.

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