Chai with Pabrai Mohnish Pabrai's Session with SumZero on June 10, 2025
18 snips
Jul 4, 2025 
Mohnish Pabrai, a prominent investor and the mind behind Pabrai Investment Funds, shares his wealth of knowledge. He discusses the leadership transition at Berkshire Hathaway, focusing on Greg Abel's management style. Fascinating insights into the coal and steel industries reveal the pressures they face amid ESG concerns. Pabrai also dives into the Indian stock market and global investment strategies, emphasizing the importance of portfolio concentration. Additionally, he highlights the impact of geopolitics on trade and the need for a fair trade environment.
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Greg Abel's Berkshire Management
- Berkshire Hathaway under Greg Abel operates more like a better index than the S&P 500 due to its large cash position and modest valuation.
- Greg's leadership brings more hands-on management and synergies among subsidiaries, potentially improving performance.
MAG7 Growth and Risks
- MAG7 companies are large and growing fast but face changing challenges like search threats for Google.
- Microsoft stands out as nearly bulletproof due to strong enterprise entrenchment and leadership.
Dinner with Bill Gates on Apple
- Mohnish was seated next to Bill Gates at a dinner for hours and engaged in a candid stock discussion.
- Gates expressed skepticism about Apple’s future, considering it a "weird company" heavily reliant on few products.
