Chai with Pabrai

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

12 snips
May 25, 2023
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INSIGHT

Buffett's Few Great Decisions

  • Warren Buffett's 58-year investment journey featured about 300 key decisions, but only 12 truly moved the needle.
  • This low 4% success rate still trounced the market, showing investing is forgiving if you hold great bets.
ANECDOTE

Naspers-Tencent Buy and Hold

  • Naspers bought a 46.5% stake in Tencent for $32 million in 2001 and never sold until 2018 despite Tencent's massive growth.
  • The CEO Coos Becker insisted on no salary just 6% of value created, aligning incentives perfectly.
ANECDOTE

Rakesh Jhunjhunwala’s Titan Bet

  • Rakesh Jhunjhunwala turned $400 into $5.8 billion investing in Titan Industries, growing his stake from 5.9% to 11%.
  • He bought more at higher prices, showing tough psychology but rewarded by long-term compounding.
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