We Study Billionaires - The Investor’s Podcast Network

TIP550: Masterclass w/ Mohnish Pabrai

May 7, 2023

01:05:40

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Podcast summary created with Snipd AI

Quick takeaways

Staying objective and overcoming biases in investment decisions is crucial for success

Learning from investment videos and extracting key points can enhance strategic insights

Investing in quality businesses at reasonable valuations is essential for long-term success

Deep dives

Manish Pabrai's Impressive Track Record in Investing

Manish Pabrai has returned a remarkable 989% to his investors in his flagship fund since its inception in 2000, outperforming the S&P 500's 401%. Pabrai's expertise and insights on various stocks like Alibaba and Constellation Software showcase the importance of understanding the investment process and discerning valuable signals from background noise.

Circle the Wagons: A Framework for Investing

01:29

The Importance of Candor and Integrity in Business and Relationships

01:03

Commitment to the Truth Builds Trust

00:59

Warren Buffet's 4% Hit Rate on Key Decisions

00:57

Introduction

2min

How to Stay Objective When Processing Information From People You Like

3min

The Importance of Speaking With Students

6min

How to Read a Report

1min

The Circle of the Wagons Approach to Investing

5min

The Importance of Passive Investing

4min

Circle the Wagons: A Framework for Investing

3min

AlphaSense: The AI Platform Behind the World's Biggest Decisions

3min

The Importance of Being an Optimist

2min

10.

The Benefits of Buybacks for Founders

6min

11.

The Evolution of the Investing Game

3min

12.

The Importance of Stock Based Compensation in Silicon Valley

3min

13.

The Consolation of a Stock Based Compensation Plan

2min

14.

Alpha Pics: A Data-Driven Stock Idea

5min

15.

How to Avoid a Serial Acquisition

3min

16.

How to Bridge Investing Mistakes With Wonderful Companies

6min

17.

How to Live a Life According to Money

6min

18.

The Importance of Candor in Weddings

2min

19.

The Importance of Living Truthfully Living With Candor

4min

20.

Millennial Investing by the Investors Podcast Network

2min

On today’s show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

01:35 - How to stay objective when you get advice from someone you admire and like

04:56 - Why the Turkey stock market is attractive

10:05 - Mohnish Pabrai’s four steps to read annual reports

27:22 - What happened to Shinoken, one of Mohnish Pabrai’s previous holdings

40:56 - Mohnish Pabrai’s thoughts on Constellation Software and Mark Leonard

49:44 - Mohnish Pabrai’s thoughts on Alibaba

54:48 - How to live a truthful life

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mohnish Pabrai’s website
Learn more about Mohnish Pabrai’s Dakshana Foundation
Listen to our interview with Mohnish Pabrai about investing in stocks or watch the video.
Tune into our interview with Mohnish Pabrai about value investing and philanthropy or watch the video.
Listen to our interview with Mohnish Pabrai about value investing or watch the video.
Tune into our interview with Mohnish Pabrai about value investing in 2021 or watch the video.
Listen to our interview with William Green about Mohnish Pabrai or watch the video.

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We Study Billionaires - The Investor’s Podcast Network

TIP550: Masterclass w/ Mohnish Pabrai

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Manish Pabrai's Impressive Track Record in Investing

Importance of Objective Investing and Addressing Cognitive Biases

Learning and Strategy Refinements from Investment Videos

Investing Principles: Recognizing Quality Businesses and Valuations

The Value of Authenticity in Relationships and Financial Transparency

Circle the Wagons: A Framework for Investing

The Importance of Candor and Integrity in Business and Relationships

Commitment to the Truth Builds Trust

Warren Buffet's 4% Hit Rate on Key Decisions

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

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podcast player

Discover
highlights

We Study Billionaires - The Investor’s Podcast Network

TIP550: Masterclass w/ Mohnish Pabrai

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Manish Pabrai's Impressive Track Record in Investing

Importance of Objective Investing and Addressing Cognitive Biases

Learning and Strategy Refinements from Investment Videos

Investing Principles: Recognizing Quality Businesses and Valuations

The Value of Authenticity in Relationships and Financial Transparency

Circle the Wagons: A Framework for Investing

The Importance of Candor and Integrity in Business and Relationships

Commitment to the Truth Builds Trust

Warren Buffet's 4% Hit Rate on Key Decisions

Get the Snipdpodcast app

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Save anymoment

Share& Export

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