Chai with Pabrai Ramesh Damani & Mohnish Pabrai Q&A with Millennium Mams' - May 8, 2020
Jan 23, 2023
Ramesh Damani, the Chairman of Avenue Supermarts and a noted mentor to investors, teams up with Mohnish Pabrai for an enlightening discussion. They dive into economic recovery post-pandemic and share compelling lessons from investing legends like Buffett and Munger. The duo explores India’s potential in the US-China trade landscape and highlights the significance of financial literacy for women. They mull over investment trends involving gold and cryptocurrencies, while also reminiscing about a transformative lunch with Warren Buffett, filled with insights on partnerships and life.
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Episode notes
Start Early for Compounding
- Start investing early to benefit from the power of compounding.
- Even small capital invested consistently over a long time can grow significantly.
Market vs Real Economy Disconnect
- Equity markets have disconnected from real-world economic damage.
- Businesses are fragile and many may not survive prolonged economic shutdowns without revenue.
Li Lu's Remarkable Journey
- Charlie Munger introduced Mohnish Pabrai to Li Lu, a brilliant investor with a remarkable backstory.
- Li Lu invested student loan float money in college, becoming a millionaire before graduation.
