Chai with Pabrai

Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023

May 25, 2023

58:36

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Episode notes

Introduction

2min

The 12 Best Decisions to Make in Berkshire

3min

Warren Buffett's 4% Great Decisions

3min

Goose Becker and the Hired Gun CEO

3min

The Impact of Goose Becker's Investment on Tencent

2min

How Rakesh's Life Changed the Way I Invested

3min

Nick and Zack's Investments Worked Out Well

2min

The Grahamian Approach to Investing

3min

The Power of Price Discipline

3min

10.

The Importance of Long Runways

2min

11.

The Three-Legged Stool

2min

12.

The Magic of Compounding

3min

13.

How to Sell When Things Are Egregiously Overpriced

4min

14.

How to Handle Happy Problems

2min

15.

The Importance of Finding Competent People

5min

16.

The Paradox of Buying and Holding

2min

17.

The Importance of Investing in a Large Pool of Stocks

2min

18.

The Importance of Cerratic in Real Estate

2min

19.

How to Develop Confidence in Your Business

2min

20.

The 12 Successes of Ajit Jayan

2min

21.

How to Be a Great Bookie

6min

Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023

(00:00:00) - Introduction (00:02:22) - Buffett’s 2022 Shareholder Letter (00:03:25) - Berkshire’s dozen truly great decisions (00:07:16) - Naspers; Tencent (00:12:14) - Rakesh Jhunjhunwala; Titan (00:14:56) - Nick Sleep; Amazon (00:18:39) - Ben Graham; Geico (00:20:20) - Walmart vs. Nifty 50 (00:23:37) - Buffett's Coke investment (00:26:35) - Chuck Akre's Three-legged stool (00:29:51) - Compounding is the 8th wonder of the world (00:33:47) - Silicon Valley Bank (00:36:37) - Reysas (00:38:38) - Identifying great businesses (00:44:02) - Investing in Turkey (00:47:06) - Seritage (00:48:29) - Start specializing at the age of 11 (00:50:39) - Circle of competence (00:52:37) - Ajit Jain (00:57:18) - Index Investing