Chai with Pabrai Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 3, 2016
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Feb 14, 2023 A dynamic discussion on '10 to 100 baggers' unveils investment gems like Satyam Computers and Blue Dart. The risks and rewards of sectors such as shipping and tech are explored, offering real-life lessons from Tesoro and Frontline. The podcast dives deep into the nuances of investment strategies, emphasizing the importance of understanding market psychology. Additionally, insights on oil consumption trends amidst the rise of electric vehicles signal shifts in future investment opportunities. Personal reflections add a layer of wisdom to navigating the investment landscape.
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India Stock Certificates Surprise
- Mohnish Pabrai invested $15,000 in Indian stocks 21 years ago and nearly forgot about the certificates.
- One company's 100 shares he thought fake turned out genuine and yielded a 100x return after he sold them decades later.
Type 1: Wide-Moat Businesses
- There are five types of businesses that can become huge multibaggers, with the first being wide-moat businesses runnable by idiots.
- Examples include Coca-Cola and Moody's, whose economics are so strong they survive mismanagement.
Type 2: Competent Management Needed
- The second type of 100 baggers are great businesses that need competent management to thrive.
- Examples are Amazon, Kotak Mahindra, Blue Dart, and Restaurant Brands International.