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Chai with Pabrai
Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023
Dec 4, 2023
Mohnish Pabrai, investor and author, talks about the power of compounding and the importance of starting early. He discusses the story of Chuck Feeney, a billionaire philanthropist, and shares his journey of investing. Pabrai also touches on entrepreneurship vs. investing, index investing, and handling macro risks in business.
01:03:07
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Quick takeaways
- Monish Pabrai emphasizes the power of compounding and encourages individuals to save, invest, and benefit from its exponential growth over time.
- Pabrai suggests that the average investor should focus on low-cost index funds like the S&P index, rather than high-cost financial advisors and actively managed funds.
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Key Points on Monish Pabrai's Background
Monish Pabrai is a highly respected value investor, author, and philanthropist. He founded Pabrai Investment Fund and modeled it after the Berkshire Hathaway and Buffett Partnership model. He started his entrepreneurship journey in 1991 by borrowing heavily to start his first IT consulting business, which he grew to $20 million and sold in 2001. Pabrai is known for his long-term thinking and focus on compounding wealth.
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Listen to the best highlights from the podcasts you love and dive into the full episode