Chai with Pabrai Mohnish Pabrai's Q&A at London School of Economics on January 30, 2024
Feb 22, 2024
Mohnish Pabrai, a prominent figure in value investing and author of 'The Dhandho Investor,' shares insights during a lively Q&A at the London School of Economics. He discusses the importance of evaluating management, analyzing investment opportunities like Stellantis amid the EV transition, and the need to be a 'shameless cloner' in investing. Pabrai emphasizes learning from mentors and simplifying strategies, while also exploring unusual opportunities in sectors like coal, challenging conventional ESG norms.
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Episode notes
Write Daily to Learn and Create
- Write regularly to crystallize and organize your thoughts.
- Consistent daily effort, like writing a page a day, leads to completing significant work like a book.
Power of Hundred-Baggers
- Hunting for two or three 100-bagger stocks can define your investing success.
- A few outstanding investments overshadow numerous lesser returns.
Regretting Selling Ferrari Early
- Pabrai regrets selling Ferrari too soon and not fully appreciating its quality.
- He bought it cheaply via Fiat Chrysler and saw its value rise dramatically over time.
