Chai with Pabrai

Mohnish Pabrai shares his unique investment strategies, emphasizing patience and long-term gains. He discusses insights from his fund, including farmland investments and the importance of negotiations. The podcast dives into auction-driven markets, revealing stock performance trends and the impact of market volatility. Pabrai reflects on his lunch with Warren Buffett and the concept of the inner scorecard in investing. Discussions also touch on the decline of retail giants and the significance of recurring revenue in maintaining business success.

Renowned investor Mohnish Pabrai discusses value investing, Turkish market opportunities, and investment strategies. Topics include Coca-Cola İçecek, Ferrari stock regrets, FX risk in Turkey, TAV Airports, Brookfield investments, and comparisons between Alibaba and Tencent. Insights on Indian Energy Exchange, Adani Group, and tech giants like Amazon, Apple, and Microsoft. Also, a macroeconomic discussion on the US economy, inflation trends, and geopolitical risks.

Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University. (00:00:00) - Introduction (00:01:38) - Starting of Pabrai Funds (00:06:16) - Long term compounders (00:07:17) - International Investment (00:11:48) - Biggest reason Investments don’t work is debt (00:14:27) - DELTA Financial: Avoid Leveraged Businesses (00:15:52) - Competitive Advantages (00:17:32) - Dakshana Foundation (00:20:51) - Value investing (00:25:18) - Money manager (00:30:32) - Rules for investors in Pabrai Funds (00:37:09) - Stock picking (00:40:27) - Seritage stock (00:44:49) - Quality of a business (00:48:24) - Ideal number of stocks (00:49:21) - Understanding a business (00:53:50) - Market trends  

Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, shares invaluable insights on investing and financial wisdom. He emphasizes that losses are integral to learning in the stock market and that resilience can lead to improved strategies. The importance of early savings and the power of compounding are highlighted, alongside the distinction between investors and speculators. Agrawal also discusses the journey to success, advocating for independent thinking while embracing risks and failures as stepping stones to financial achievement.

The discussion features fascinating insights on investment strategies, including historical transactions like the purchase of Manhattan. There's a deep dive into the power of compounding interest and personal investment journeys. Pabrai contrasts active versus passive investing, emphasizing individual advantages over institutions. He reflects on intrinsic value, global opportunities, and the importance of patience in investing. Stories of risk, mentorship, and effective philanthropy illuminate personal growth and strategic decision-making in finance.

Jeff Pintar, CEO of Pintar Investment Company, and Mohnish Pabrai discuss what the world may look like post-Covid 19 and the current investment landscape. Jeff and Mohnish also have some banter about the lifetime ban Mohnish received in 2019 from playing Blackjack at a Las Vegas Casino due his winning system. (00:00:00) - Introduction (00:01:53) - Life after COVID (00:03:24) - Policy decisions during the pandemic (00:06:20) - Capitalism and businesses are fragile (00:10:19) - My Investing Journey (00:12:51) - Lifetime Blackjack Ban (00:19:55) - Las Vegas (00:22:56) - Value investing during the pandemic (00:27:47) - Microsoft (00:30:27) - Long term interest rates vs valuations (00:32:06) - Buffett and Munger during the pandemic (00:35:34) - Forget the macro, Focus on micro (00:38:31) - Live Nation (00:39:47) - Funeral services are great businesses (00:43:12) - Zero Fee Structure (00:47:41) - Investing is a solitary activity (00:49:25) - The Dakshana story

Prof. Jiang Guohua's Value Investing Course "The Quest for 10-100 Baggers"

Mohnish Pabrai, Founder and Managing Partner of Pabrai Investments, shares his insights with William & Mary students. He challenges the notion that entrepreneurs are risk-takers, emphasizing that true risk management is crucial. Pabrai discusses the cyclical nature of the semiconductor market, particularly focused on Micron Technologies. He also highlights the transformative power of adversity and the high returns from investing in education. The conversation mixes humor with deep wisdom on investment simplicity and the importance of long-term thinking.

Mohnish Pabrai, founder of Pabrai Investments and author, shares his investing wisdom with Juan Pablo and Alejandro Salcedo. He reminisces about a transformative lunch with Warren Buffett, emphasizing the value of personal connections in investing. The discussion covers analyzing companies through annual reports, insights on inheritance, and the importance of educational philanthropy. Pabrai also delves into investment opportunities in Latin America and Turkey while exploring the cautious approach to cryptocurrencies, highlighting community and mentorship's vital role in investment success.

Mohnish Pabrai shares invaluable insights on mental models, inspired by Charlie Munger. He discusses a unique approach to decision-making, focusing on truth in relationships and its impact on trust. Pabrai emphasizes the power of compounding and the significance of early investments for building wealth. He also provides practical advice for aspiring entrepreneurs, highlighting the importance of maintaining a stable job while nurturing a startup. This blend of finance, honesty, and entrepreneurship creates an engaging and thought-provoking experience.