We Study Billionaires - The Investor’s Podcast Network TIP241: Value Investing w/ Mohnish Pabrai (Business Podcast)
4 snips
May 5, 2019 
Join Mohnish Pabrai, a dedicated value investor and disciple of Buffett and Graham, as he shares his insights on investment strategies. He discusses the significance of reading Buffett's shareholder letters and the art of cloning successful investment methods. Find out why he won't invest in insurance companies again and how to evaluate a company's future growth potential. Pabrai also emphasizes innovative approaches to understanding intrinsic value and the importance of cautious future cash flow projections in investing.
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Reading Buffett's Letters
- Read Warren Buffett's letters by topic using resources like Larry Cunningham's book, The Essays of Warren Buffett.
- Buffett strongly endorses this book, as it organizes his thoughts by subject.
Buffett Meeting Videos
- Leverage free online resources like Buffett's annual meeting videos, available on Buffett.CNBC.
- These videos offer unfiltered insights into Buffett and Munger's thinking, supplementing the letters.
The Gas Station Story
- Mohnish Pabrai learned about cloning from a story by Tom Peters about two competing gas stations.
- One owner offered random acts of exceptional customer service, which, despite being visible to the competitor, was never copied.
