Chai with Pabrai Mohnish Pabrai’s Talk with the My First Million podcast on March 27, 2025
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May 12, 2025 
In a lively chat with Shaan Puri, Mohnish Pabrai, a prominent investment strategist and author, shares insights on why small investors can outsmart larger ones. He discusses strategies to turn $10K into $1M while stressing the importance of high-quality investments. Pabrai also dives into Warren Buffett's Japanese ventures and the value proposition of Costco. With anecdotes on blackjack strategies and a humorous take on investment philosophies, he emphasizes trust in strong businesses and the transformative power of education.
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Small Investors' Unique Edge
- Small investors have a unique advantage in investing due to their ability to exploit tiny, high-return opportunities.
- As capital grows, investors must seek larger opportunities, leaving small niches for new entrants.
Start Simple, Save Consistently
- Start with a core investment like Berkshire Hathaway and regularly save from your day job to grow wealth steadily.
- Avoid rushing for rare big hits; consistent doubling over decades compounds wealth exponentially.
Frontline Shipping Investment Story
- Monish invested 10% of his fund in Frontline, a shipping company trading at a deep discount due to a market downturn.
- The stock later surged 80x as shipping rates rebounded, showing power of spotting undervalued assets.