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Chai with Pabrai
Mohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023
Jan 9, 2024
Mohnish Pabrai, renowned investor and founder of Pabrai Investment Funds, answers questions at Clemson University. Topics include auction-driven markets, Berkshire's PetroChina investment, anomaly-based investing, investing in Turkey, car dealerships, lunch with Warren and Charlie, and the benefits of concentrated holdings.
42:49
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Quick takeaways
- Investments may not make sense in euphoric or extremely low pricing scenarios in auction-driven markets.
- Recognizing extreme valuation discrepancies and anomalies in investing can lead to significant returns.
Deep dives
The importance of recognizing extreme pricing in investments
There are two scenarios where an investment may not make sense: when pricing is so euphoric and extreme that it resembles a bubble, or when pricing and valuation are unusually low. This is because auction-driven markets can swing in both extreme directions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode