We Study Billionaires - The Investor’s Podcast Network TIP295: Mohnish Pabrai on Value Investing & Philanthropy (Business Podcast)
4 snips
May 3, 2020 
Mohnish Pabrai, a renowned entrepreneur and value investing guru, shares his insights on both investing and philanthropy. He discusses the psychological biases that influence decision-making in finance, emphasizing the need for rational thinking. Pabrai explores the changing landscape of the S&P 500 and how it reshapes investment strategies. He also reveals his philanthropic approach through the Dakshana Foundation, aiming for high returns in charitable giving, and highlights the power of education in transforming lives.
AI Snips
Chapters
Books
Transcript
Episode notes
Overcoming Self-Pity
- Avoid self-pity, especially during adversity, and focus on remaining rational.
- Remember that wealth is replaceable, health is valuable, and character is paramount.
Combating Liking Bias
- CEOs often possess strong sales skills and charisma, which can create bias.
- Focus on a company's track record and facts rather than being swayed by management's personality.
Learning From Mistakes
- Learn from your mistakes, but don't overcorrect, as investing is complex.
- Leverage is often the primary reason investments fail, so exercise caution.
