Chai with Pabrai Mohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on Nov 29, 2022
Jan 10, 2023
Mohnish Pabrai, a renowned investor and author, is joined by Guy Spier, an insightful author and investor known for his collaboration with Warren Buffett. They delve into the significance of the asymmetry mental model in investing and share experiences from their journeys, including lessons learned from Satyam Computer Services. They also critique the current education system and discuss the psychological aspects of concentrated investments, emphasizing the importance of authenticity in personal and professional growth.
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Long-Term Bet On Satyam
- Mohnish bought Satyam in 1995 and left the certificates in a drawer as a long-term bet.
- His $10k stake later became about $1.3–1.4 million before he exited prior to scandals.
Asymmetry Plus Cloning
- Seek asymmetry: limited downside with large upside before committing.
- Clone proven mental models and pursue asymmetric bets repeatedly.
Invest In Mentorship Opportunistically
- Pay your tuition to mentors through asymmetric bets like bidding on the Buffett lunch if the downside is small.
- Use the interaction to thank, learn, and build long-term relationships.
