We Study Billionaires - The Investor’s Podcast Network RWH028: Lessons From Legends w/ Mohnish Pabrai, Tom Gayner, & John Spears
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Jun 25, 2023 
Join leading investor Mohnish Pabrai, known for his ethical investing, and Tom Gayner, CEO of Markel Corporation, as they share invaluable insights on trust and integrity in business. They explore Charlie Munger’s belief that ethics offer a competitive edge, the importance of removing toxic relationships, and how lasting success is built on authentic connections. Mohnish highlights the impact of David Hawkins’ work, while Tom emphasizes operating from trust and integrity. Discover how these principles can transform both business and personal life.
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Ethics as an Advantage
- Being ethical is a competitive advantage, not a weakness, because business runs on trust, not merely contracts.
- Trustworthiness, built over time, grants access to vast opportunities, as seen with Berkshire Hathaway's reputation.
Pabrai's Book Purchase
- William Green recounts how Monish Pabrai chose a less advantageous book purchase option to support Green's book sales.
- This small act demonstrated Pabrai's values of fairness and generosity.
Choosing Your Circle
- Evaluate people based on whether they elevate or diminish you. Surround yourself with those who enhance you, not detract from you.
- Consider whether a new acquaintance will make you better or worse, as Monish Pabrai advises.
