Chai with Pabrai Mohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023
Jan 23, 2024
Mohnish Pabrai, an investor and speaker, shares his journey in investing, the importance of evaluating management teams, and his experiences in philanthropy. He also gives advice to students and discusses the impact of his philanthropic investments.
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Accidental Start with Buffett Model
- Mohnish Pabrai's first investment was accidental and inspired by reading about Warren Buffett.
- He started a 10 stock portfolio in the mid 90s which grew from $1 million to $13 million by 2000.
Circle of Competence Depth
- The circle of competence should be deep rather than wide, expanding naturally with curiosity.
- Being an inch wide and a mile deep is better than the opposite, focusing deeply where you have knowledge.
Nick Sleep's Focused Approach
- Pabrai described his friendship with investment manager Nick Sleep, who had a very simple focused investment approach.
- Nick and his partner extensively studied Amazon's annual reports and found value others missed.