My First Million cover image

My First Million

Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett

May 17, 2024
Mohnish Pabrai, the billionaire investor often dubbed the 'Indian Warren Buffett,' shares his remarkable journey of turning $1M into over $1B through value investing. He discusses how entrepreneurs make exceptional investors, the importance of patience, and the lessons he's gleaned from Buffett and Munger. Mohnish also reveals insights on identifying market gaps, managing risks, and his unique approach to fundraising. His early entrepreneurial ventures and the transformative power of mentorship are highlighted, providing a masterclass on effective investing.
01:53:59

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Podcast summary created with Snipd AI

Quick takeaways

  • Entrepreneurs make great investors by focusing on undervalued assets.
  • Early specialization from ages 11 to 20 greatly impacts future success.

Deep dives

Building Wealth through Investing and Business

Investor Monish Pabrai shares his journey from starting with a million dollars, which grew to 13 million in the bank, leading to his shift to full-time investing. Using his entrepreneurial background, he focused on hated and undervalued assets, earning around 70% compounded annually. Recognizing the importance of inactivity and focusing on neglected areas, Pabrai highlights the influences of Warren Buffett and Charlie Munger in shaping his investment philosophy.

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