Chai with Pabrai Mohnish Pabrai’s Lecture and Q&A with students of Peking University (Guanghua School of Mgmt.)
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Jan 16, 2020 This engaging talk dives into the difference between great businesses and great investments, spotlighting MasterCard and Suntech Realty. The discussion highlights the impact of India's demonetization on real estate valuations and delves into the success story of Motherson Sumi, showcasing strategic growth. Insights into Warren Buffett's investment philosophy, including the importance of viewing oneself as a business owner, add depth. The conversation also embraces a minimalist investment strategy, emphasizing relationship-building and diligent research.
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Choose Work You’d Do For Free
- Do pick work you would do even if you weren’t paid because it keeps you motivated and happy.
- Run an empty calendar and protect your time by saying no to endless requests.
Clone Proven Models
- Clone effective models you observe in successful people and organizations.
- Adopt proven behaviors instead of reinventing processes that already work.
Great Company ≠ Great Investment
- A great company is not automatically a great investment if you pay too much for it.
- Price and expected future returns matter more than business quality alone.