Chai with Pabrai

Mohnish Pabrai’s Q&A session with students at the University of Oxford

5 snips
Jan 31, 2023
Dive into a fascinating Q&A session where Mohnish Pabrai shares insights on the Patel community's inspiring journey into the motel business, illustrating resilience and strategic acumen. The podcast tackles the brutal realities of capitalism, the complexities of monopolies, and the psychological factors influencing investing. Pabrai discusses the risks of short selling and the importance of personal mindset in achieving investment success. Don't miss tales of meeting Warren Buffett and the art of strategic portfolio management!
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ANECDOTE

Patel Motel Success Story

  • The Patel community dominated the US motel industry by buying undervalued motels, living frugally, and reinvesting savings to expand.
  • Their low-cost, family-run approach gave them a sustainable competitive advantage similar to value investing principles.
INSIGHT

Monopolies Are Not Hidden

  • Around 1% of businesses are monopolies or oligopolies with strong competitive advantages.
  • Identifying these monopolies is relatively easy by observing familiar products and services you use daily.
ANECDOTE

Turkish Warehouse Investment Tale

  • Pabrai invested in Reysaş, a Turkish warehouse company, at 4% of its liquidation value despite economic challenges.
  • His investment multiplied 6x in dollars in two years, showing the value of deep research and contrarian thinking.
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