Chai with Pabrai Mohnish Pabrai's Q&A Session with Ironhold Capital on September 16, 2022
4 snips
Feb 28, 2023 AI Snips
Chapters
Transcript
Episode notes
Understanding Intrinsic Value
- Intrinsic value is the sum of all cash one can pull out of an enterprise, discounted to present value. Forecasting exact intrinsic value is difficult, but focusing on conservative estimates above a threshold is sufficient.
Ipsco Steel Investment Success
- Pabrai invested in Ipsco, a cyclical steel company with multi-year earnings visibility. The stock price doubled, and then a buyout offer doubled it again, resulting in a successful investment.
Use Curated Investment Resources
- With thousands of stocks to research, use curated resources like Value Investors Club write-ups to filter ideas. Focus on businesses you understand well to narrow your investment universe.