Chai with Pabrai cover image

Chai with Pabrai

Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 26, 2014

Sep 14, 2023
Mohnish Pabrai, investment fund manager and founder of Pabrai Investment Fund, discusses topics including his foundation, buying Iowa farm land, when to sell a stock, investing in India, and the impact of value investing on personal life.
01:14:50

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Investing in India requires careful analysis of individual opportunities and an understanding of the changing landscape.
  • The Super 30 model shows the power of education in lifting families out of poverty with relatively small investments.

Deep dives

Investing in India: Outside my Circle of Comfort

The Indian markets are outside of my circle of comfort because I am not familiar enough with the landscape, the businesses, and the dynamics. Investing in India would require a deeper understanding of the local environment, similar to private equity investing. However, there are a few factors that make it interesting. India has a history of socialist policies that have hindered growth, but with a leader like Modi, there is a chance for significant change. If the government focuses on getting out of the way and allowing businesses to thrive, there is potential for significant growth in corporate profits. While there are risks and uncertainties, some bets in the banking sector seem favorable as banks tend to grow at a multiple of GDP. Overall, investing in India requires careful analysis of individual opportunities and an understanding of the changing landscape.

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