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Warren Buffet's 4% Hit Rate on Key Decisions
Warren Buffett has made well over 300 decisions in the course of 58 years at Berkshire Hathaway/nOut of those 300 decisions, only 12 stand out as successful/nCharlie Munger has said that if you took out the top 15 decisions, Berkshire Hathaway's record would be useless/nThis 4% hit rate is consistent with other phenomena, such as the nifty 50 in the early 70s
On today’s show, Stig Brodersen talks with legend investor Mohnish Pabrai. In the interview, Mohnish Pabrai generously shares his investment framework and touches on various stocks, including Alibaba, Constellation Software, Reysas Logistics, and Shinoken. Disclaimer: Stig Brodersen is invested in Pabrai Funds.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
01:35 - How to stay objective when you get advice from someone you admire and like
04:56 - Why the Turkey stock market is attractive
10:05 - Mohnish Pabrai’s four steps to read annual reports
27:22 - What happened to Shinoken, one of Mohnish Pabrai’s previous holdings
40:56 - Mohnish Pabrai’s thoughts on Constellation Software and Mark Leonard
49:44 - Mohnish Pabrai’s thoughts on Alibaba
54:48 - How to live a truthful life
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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