Chai with Pabrai Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 26, 2014
4 snips
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.
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How to Decide When to Sell
- Sell stocks when their market price reaches about 90% of your intrinsic value estimate.
- Update your valuation every few months to adjust your selling decisions accordingly.
Think Like Business Owner
- Treat stocks as if you own the whole business; decide investment based on if you'd buy the entire company.
- Use a rational approach assessing intrinsic value rather than emotional attachment for both buying and selling.
Discuss Investments With Peers
- Always have someone to discuss your investment ideas with to refine your thoughts.
- Such conversations reveal flaws and new perspectives that improve decisions.