We Study Billionaires - The Investor’s Podcast Network TIP628: The Inner Scorecard w/ Mohnish Pabrai
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May 5, 2024 
Mohnish Pabrai, a legendary value investor renowned for his impressive returns and philanthropic efforts, shares his insights on living a congruent life. He discusses how aligning life choices with personal values can boost happiness and decision-making. Dive into his thoughts on the importance of integrity in both bridge and business, and why he favors relationships over short-term gains. Mohnish also reveals his approach to learning through listening rather than note-taking, blending skill and chance in investing for success.
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Independence and Joy
- Pursue an independent path after achieving financial independence.
- Focus on activities that bring satisfaction and joy, like investing.
Managing Money Stress
- Mohnish Pabrai wasn't stressed managing others' money, even during the 2008 financial crisis.
- He was saddened by investors redeeming at the bottom, missing the rebound.
Intrinsic Value Tracking
- Pabrai maintains a spreadsheet tracking intrinsic value, a practice from the financial crisis.
- He views his investment in a Turkish company, Resas, as a family business he intends to hold forever.