Chai with Pabrai The Kolkata Value Hunters Club; Q&A with Mohnish Pabrai
Jan 26, 2023
Engage with a deep dive into value versus growth investing, exploring the motivations behind these strategies. Discover how COVID-19 reshaped investment approaches in India, alongside lessons from legends like Warren Buffett. Hear about the rise of unicorns and the entrepreneurial spirit amid regulatory challenges. The conversation also touches on ethical investing, philanthropy through the Dakshna Foundation, and the complexities of capital allocation in historic investments. Get insights into selecting the best value propositions in a changing market.
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Mohnish Pabrai's Kolkata Fondness
- Mohnish Pabrai cherishes Kolkata for its amazing food and family ties.
- His cousin runs a successful ice cream business that introduced him to Kolkata's specialty treats.
Nick Sleep's Concentrated Investing Story
- Nick Sleep and Zach's fund closed at $3B while heavily concentrated in a few stocks.
- Post-closure, they advised investors to hold the concentrated stocks themselves for massive gains with minimal effort.
Rethinking Value vs Growth Investing
- Value and growth are two sides of the same coin, reflecting cash flow expectations.
- Great businesses grow cash flows sustainably and deserve premium valuations.