Chai with Pabrai cover image

Mohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023

Chai with Pabrai

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Finding Anomalies and Doing the Work: Buffett's Treasure Hunt

Most businesses don't fit the parameters of anomalies or market misunderstandings./nFinding investment opportunities requires a treasure hunt mentality./nBuffett used to pick up discarded horse racing tickets and found winning tickets./nBuffett researched companies in Moody's manuals to find anomalies and buy them./nHaving a determined and dogged personality can lead to finding investment opportunities./nYour deepest desire determines your destiny./nSeeking anomalies and focused on finding needles in haystacks can lead to success.

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