Chai with Pabrai

Mohnish Pabrai is the Founder and Managing Partner of Pabrai Investments Funds, a renowned investment expert, and author of notable investment books. In this session, he shares his '10 Commandments of Investing,' emphasizing the importance of intrinsic value. Pabrai discusses the significance of flexibility in investment strategies and his personal experiences during financial crises. Additionally, he dives into the psychology of human behavior and its effects on investment decisions, advocating for thoughtful gestures in business relationships.

Mohnish Pabrai, the founder of Pabrai Investments and author of The Dhandho Investor, shares powerful investment insights. He outlines his 10 Commandments of Investment Management, emphasizing the importance of focus and the perils of over-leverage. Pabrai talks about identifying undervalued stocks and the need for concentrated portfolios rather than conventional mutual funds. He also reflects on a pivotal lunch with Warren Buffett, discussing integrity and personal growth as key components in investing.

Mohnish Pabrai, founder of Pabrai Investments and author of 'The Dhandho Investor,' shares invaluable insights on successful investing. He emphasizes three key traits: patience, decisiveness, and standing out from the crowd. Discussing Berkshire Hathaway's investment in Coca-Cola, he highlights effective branding and management strategies. Pabrai also reflects on the importance of learning from investment mistakes, the power of indexing, and pursuing passion over profit in career choices. His passion for education fuels his philanthropic endeavors through the Dakshana Foundation.

Mohnish Pabrai, a distinguished investor and author, shares insights with Ajay Antony, emphasizing the importance of education for underprivileged students. They discuss the concept of cloning success by studying giants like Warren Buffett, and the incredible power of compounding in wealth. Pabrai illustrates how average students can excel through dedication, while also recounting thrilling stories of driving a Ferrari. The duo reflects on their community engagement efforts and the inspiring impact of films on students, fostering resilience and creativity.

Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value investing Professor Arvind Navaratnam (00:00:00) - Introduction (00:01:13) - Bull! A history of boom and bust, 1982-2004 (00:01:32) - The Dow (1896-2020) (00:10:39) - NASDAQ (1971-2020) (00:13:23) - Nikkei (1970-2020) (00:14:30) - Kospi (1980-2020) (00:15:35) - "Old too soon, wise too late"- Charlie Munger (00:17:45) - NVR business (00:19:12) - Nick Sleep (00:22:50) - Extreme undervaluation to extreme overvaluation (00:23:42) - Great compounder or great carnival (00:25:54) - Investing failures (00:26:44) - Valueing a company (00:32:00) - Retails (00:40:42) - Where to start? (00:46:41) - Managing portfolio during pandemic (00:50:09) - Value investing is not dead (00:51:07) - Optionality in a business (00:55:08) - Long runway (00:57:30) - Identifying moats (01:00:48) - Opportunity cost (01:05:00) - Shameless Cloning (01:09:02) - Pre-investment checklist (01:11:48) - Investment in IPSCO and Turkey (01:15:57) - Kelly formula (01:19:41) - Quality of management team (01:22:29) - Advise for students

Mohnish Pabrai's session with EO Gurgaon on January 10, 2023 (00:00:00) - Introduction (00:04:15) - I'm a better investor because I'm a businessman. I'm a better businessman because I'm an investor (00:05:00) - Capitalism is creative destruction (00:08:40) - Earnings reinvestment framework (00:10:58) - The importance of Spawning (00:13:07) - Control is over-rated (00:16:50) - From entrepreneur to investor (00:33:30) - Patel Motel Dhandho (00:40:42) - Book: Roy Thomson of Fleet Street; Trilogy (00:41:33) - Reysas (00:50:18) - Investment Shortcuts; cloning (00:52:35) - IIFL Wealth Management; Kotak (00:54:01) - The S&P 500 is a great choice (00:57:54) - Rakesh Jhunjhunwala (00:59:35) - Poor Charlie's Almanack (01:07:39) - Mohnish's Owners Manual by Jack Skeen (JackSkeen.com)

Dive into a fascinating Q&A session where Mohnish Pabrai shares insights on the Patel community's inspiring journey into the motel business, illustrating resilience and strategic acumen. The podcast tackles the brutal realities of capitalism, the complexities of monopolies, and the psychological factors influencing investing. Pabrai discusses the risks of short selling and the importance of personal mindset in achieving investment success. Don't miss tales of meeting Warren Buffett and the art of strategic portfolio management!

Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value Investing Professor Arvind Navaratnam (00:00:00) - Introduction (00:02:41) - Compounding is the 8th wonder of world (00:14:12) - Wilson's Coin Operated Company (00:22:02) - Warren's obsession about compounding (00:24:38) - Rule of 72 (00:32:18) - Mr. Money Mustache (00:34:28) - Rate of compounding (00:39:09) - Compound 26% (00:46:22) - Mindless Cloning (00:54:11) - Comparative advantage of a Hedge fund (01:00:55) - Portfolio Management (01:06:50) - Kelly formula (01:08:59) - Thou shall not forecast recession (01:16:23) - Best source of ideas (01:20:11) - Market trends and Passive investing (01:26:53) - Doing the best job as a manager (01:33:51) - Insurance business (01:34:51) - Entrepreneur's Advantage (01:37:44) - Investing in Commodity Businesses (01:42:33) - Technology and Investment (01:43:45) - Insights on Charlie Munger (01:48:47) - Difference in profit and non-profit world; Dakshana Foundation (01:52:47) - Advantage of being Part-time Investor

Mohnish Pabrai, a prominent investment expert and author, shares his journey from entrepreneur to value investor and discusses the nuances of understanding a business's true value. He advocates for 'shameless cloning,' learning from successful investors to enhance decision-making. Pabrai delves into the dynamics of investing in foreign markets like Turkey, addressing inflation and currency challenges. He introduces the concept of a 'free lunch portfolio' tailored for passive investors, and emphasizes the importance of philanthropy through initiatives like the Dakshana Foundation.

In this engaging session, Mohnish Pabrai, the founder of Pabrai Investments and author of 'The Dhandho Investor,' offers insights on successful investing strategies. He introduces the concept of 'spawners'—companies that drive substantial growth—and contrasts them with non-spawners. Pabrai discusses the significance of adaptability in investment choices, provides case studies from industry giants, and emphasizes the importance of peer feedback in refining investment strategies. His passion for guiding students through the complexities of value investing makes for an inspiring conversation.