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Chai with Pabrai
Mohnish Pabrai’s Q&A session at the Harvard Business School on September 15, 2023
Oct 24, 2023
Mohnish Pabrai, an investment fund manager and entrepreneur, discusses various topics including his unique 'heads I win, tails I don't lose much' investing philosophy, the importance of taking calculated risks and the entrepreneurial mindset, his journey from failed ventures to successful business, his experience of starting with $100,000 and growing it to around $900 million, the concept of reprogramming and cloning successful models, his lunch with Warren Buffett, planning for wealth disbursement and finding the best charity, the importance of measuring the impact of charitable donations, improving education outcomes, surrounding oneself with high-quality individuals, the success story of the Davis family, private market investing, and the role of leverage.
01:39:09
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Quick takeaways
- Cloning successful investors like Buffett and Munger can lead to outstanding results in investing.
- Choosing games and opportunities where you have an edge and can win is crucial in investing and life.
Deep dives
The Power of Cloning: How Monish Pabrai Achieved Success
Monish Pabrai, a successful investor and founder of Pabrai Investment Funds, shares his journey of success in the world of investing. He highlights the importance of cloning the strategies of successful investors like Warren Buffett and Charlie Munger, and how it has helped him achieve outstanding results. By studying Buffet's approach and adopting it in his investment philosophy, Pabrai has been able to outperform the market and generate significant wealth. He emphasizes the value of simplicity, focusing on a few select opportunities, and maintaining a long-term perspective in investing.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode