Chai with Pabrai Mohnish Pabrai's Session at The Investor’s Podcast on April 1, 2024
4 snips
May 15, 2024 
Mohnish Pabrai, a value investor, discusses managing other people's money, reflections on his investing journey, importance of being a harsh grader like Buffett, the significance of truth and candor in investing, infinite games, processing information from books, his fund's track record, the game of investing, and his philanthropic work.
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Episode notes
Independence Through Financial Freedom
- Becoming financially independent allowed Mohnish Pabrai to pursue an independent life and focus on investing.
- He delegated running his business to a CEO to find greater satisfaction and joy.
Managing Others' Money Advice
- Do not stress over managing others' money; it can build valuable relationships and leverage.
- Focus on long-term investors who stay, as short-term redemptions can be unfortunate but beyond your control.
Intrinsic Value Spreadsheet Habit
- Pabrai keeps an intrinsic value spreadsheet to understand business worth beyond market price.
- He treats significant investments as family-owned private businesses aiming to hold forever.