Chai with Pabrai Mohnish Pabrai's Talk with UNC Kenan-Flagler School's Investment Management Club on Dec 5, 2022
9 snips
Jan 3, 2023 AI Snips
Chapters
Transcript
Episode notes
Choose Managers With Skin In The Game
- Insist on aligned fees and large manager skin in the game when choosing an investment manager.
- Prefer managers in their mid-40s with a demonstrable track record and unique sourcing strategy.
ESG Requires Deeper Scrutiny
- ESG labels can be inconsistent and misleading across lists and funds.
- Mohnish digs beyond surface labels to assess corporate citizenship and real environmental actions.
Let Fundamentals, Not Price, Decide
- Use business fundamentals, not short-term price moves, to decide whether to hold or add to positions.
- Investigate whether a price decline reflects a secular change before selling or averaging down.