Chai with Pabrai

Mohnish Pabrai Lecture at Boston College

9 snips
Jan 26, 2023
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Monopolies Versus Competitive Businesses

  • Peter Thiel's frame: businesses fall into monopolies/near-monopolies or intensely competitive spaces.
  • Avoid wasting time in brutally competitive businesses; prioritize firms with durable monopoly-like advantages.
ANECDOTE

Unexplained Edge At Rain Industries

  • Rain Industries proved to be a persistent low-cost producer even though management rarely explains the edge.
  • I followed it for six years and the numbers made the advantage tangible despite not knowing exactly why.
INSIGHT

AWS Was Born From Quiet Iteration

  • Amazon iterated cheaply and opened internal platform capabilities to outsiders, which birthed AWS over time.
  • Keeping innovations under the radar can buy a time advantage that makes competitor catch-up very hard.
Get the Snipd Podcast app to discover more snips from this episode
Get the app