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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insights INSIGHT
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.
insights INSIGHT
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.
question_answer ANECDOTE
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.
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Three Decades of Investment and Business Insights from the Berkshire Hathaway Annual Shareholder Meetings
Alex Morris
This book presents decades of investing and business wisdom from Warren Buffett and Charlie Munger, the men responsible for transforming Berkshire Hathaway into a diversified conglomerate with a market value in hundreds of billions of dollars. Through this book, readers gain insight into the thought process of two of the greatest businessmen and investors, as shared at the Berkshire Hathaway annual shareholder meetings.
Mohnish Pabrai’s Session with Divya Narendra at SumZero on June 10, 2025.
(00:00:00) - Introduction (00:00:57) - Berkshire Hathaway: Greg Abel (00:07:59) - Mag 7 (00:11:16) - Microsoft: Dinner with Bill Gates (00:16:45) - Investing in commodities (00:18:59) - Met Coal & Berkshire's investment in Burlington Northern Railroads (00:23:44) - Thermal Coal vs. Metallurgical Coal (00:26:28) - Learning from mistakes; Selling a stock (00:28:51) - Shipping and Offshore oil drilling businesses; Nobel & Valaris (00:32:09) - Challenges for the coal industry (00:36:11) - Investment in Turkiye -TAV Airports; Laguardia (00:38:25) - Indian Energy Exchange & National Stock Exchange (00:39:28) - Macroeconomic factors and impact on the portfolio (00:43:54) - Book recommendation; Buffett and Munger Unscripted (00:45:08) - Investing in global markets (00:46:06) - Portfolio concentration; Walmart & the Walton family (00:47:59) - Geopolitics The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
Chai with Pabrai 
