Chai with Pabrai Mohnish Pabrai’s Q&A Session with Mis Propias Finanzas on September 20, 2022
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Feb 28, 2023 
Mohnish Pabrai, founder of Pabrai Investments and author, shares his investing wisdom with Juan Pablo and Alejandro Salcedo. He reminisces about a transformative lunch with Warren Buffett, emphasizing the value of personal connections in investing. The discussion covers analyzing companies through annual reports, insights on inheritance, and the importance of educational philanthropy. Pabrai also delves into investment opportunities in Latin America and Turkey while exploring the cautious approach to cryptocurrencies, highlighting community and mentorship's vital role in investment success.
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The $650,000 Buffett Lunch Bargain
- Mohnish Pabrai paid $650,000 for lunch with Warren Buffett in 2007, considered a bargain given the returns inspired by Buffett's teachings.
- This led to years of valuable experiences including lunches, bridge games with Charlie Munger, and exclusive brunch invites after Omaha meetings.
Charlie Munger's California Club Story
- Mohnish shared a humorous story about Charlie Munger involving mediating between a mistress and wife for a business deal.
- Charlie managed a tense lunch at the California Club that led to successful cooperation despite unusual circumstances.
Steps to Analyze Companies
- Start company analysis by checking who else owns the stock and reading Value Investors Club write-ups.
- Next, read shareholder letters and transcripts focusing on Q&A to quickly decide if the investment merits deeper research.
