Shows
Chai with PabraiMohnish Pabrai’s Session with Ashoka Investment Club on April 22, 2025Mohnish Pabrai’s Session with Ashoka Investment Club on April 22, 2025. (00:00:00) - Introduction (00:00:47) - Charlie Munger's mental models; Poor Charlie’s Almanack (00:07:38) - Cloning is the best mental model (00:08:45) - Sam Walton & Family; Walmart (00:10:36) - Microsoft (00:13:31) - Bridge (00:14:51) - Pabrai Funds: Cloned model from the Buffett Partnerships (00:17:41) - Selecting a stock (00:19:12) - Macro-economic factors; D-Mart & Shrimp farming in India (00:23:32) - Circle of competence; John Arrillaga (00:24:38) - Commodity producers; Saudi Aramco (00:27:26) - Look for anomalies, Inve...2025-05-2343 min
Chai with PabraiMohnish Pabrai’s Talk with the My First Million podcast on March 27, 2025Mohnish Pabrai’s Talk with Shaan Puri at the My First Million podcast on March 27, 2025. (00:00:00) - Introduction (00:00:28) - Why the small investor has an advantage (00:02:51) - Investing $10K to make $1 Million (00:08:16) - Frontline (00:17:13) - Berkshire's 12 great decisions in 58 years (00:18:34) - Buffett's selection process: Moody's Manual (00:23:38) - Value Investor's Club (00:27:33) - The Japan Company Handbook (00:28:46) - Berkshire's investment in Japan (00:36:13) - Thou shall not use Excel (00:40:26) - Leverage: Rick Guerin (00:49:00) - Do not cut th...2025-05-121h 49
Chai with PabraiMohnish Pabrai’s Interview at The Money Mindset with Sonia Shenoy on February 15, 2025.Mohnish Pabrai’s Interview at The Money Mindset with Sonia Shenoy on February 15, 2025. (00:00:00) - Introduction (00:01:20) - I am a single-player game player (00:03:01) - My friendship with Buffett and Munger (00:04:52) - Lunch with Warren Buffett (00:10:39) - Rick Guerrin (00:13:29) - Lessons learnt from Warren; The Inner scorecard (00:18:12) - Marcus Aurelius; The stoic philosophy (00:22:06) - Wealth is lost, nothing is lost; Health is lost, something is lost; Character is lost, everything is lost (00:26:05) - Index Funds (00:29:23) - Nifty-50; Walmart 2025-04-251h 11
Chai with PabraiMohnish Pabrai's Q&A session with Dakshana Scholars at Dakshana Valley, Pune on December 26, 2024 Mohnish Pabrai's Q&A session with Dakshana Scholars at Dakshana Valley, Pune on December 26, 2024. (00:00:00) – Introduction (00:00:33) - Starting Without All Answers; Super 30 Model (00:05:08) - Dakshana’s breakthrough with NVS (00:09:19) - Helping Millions Through Innovation (00:13:38) - Infinite Vision: Arvind Eye Care (00:20:53) - Trust builds unbeatable business models; Costco & DMart 2025-04-0747 minChai with PabraiMohnish Pabrai's Q&A session with Dakshana Scholars at JNV Lucknow on July 14, 2024Mohnish Pabrai's Q&A session with Dakshana Scholars at JNV Lucknow on July 14, 2024. (00:00:00) – Introduction (00:00:32) - Adam Smith and David Ricardo (00:04:03) - Success story of India’s shrimp industry (00:09:24) - MSP and farm laws; India vs USA (00:14:37) - Japan’s rapid post-war development (00:20:01) - Givers, Takers, Matchers & Dakshana (2025-04-0742 min
Chai with PabraiMohnish Pabrai's Interview at the Capital Compounders Show on February 25, 2025Mohnish Pabrai's Interview at the Capital Compounders Show on February 25, 2025. (00:00:00) - Introduction (00:00:53) - Move to Austin, Texas (00:09:52) - Age is just a number (00:11:27) - The Dakshana Foundation: A math game (00:15:57) - My 4 games – Bridge, Dakshana, Compounding & Golf (00:17:11) - Bridge with Warren & Charlie (00:21:46) - Bridge teaches probabilistic thinking (00:23:48) - Mosaic: Perspectives of Investing (00:24:44) - Cloning is the best mental model: Sam Walton & Bill Gates (00:31:29) - Sam Walton & Walmart (00:33:23) - Compounding (00:35:16) - The crash of Nif...2025-03-2152 min
Chai with PabraiMohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024Mohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024. (00:00:00) - Introduction (00:01:49) - Microsoft; Bill Gates (00:03:19) - The future of AI (00:04:27) - Value vs. Growth investing (00:08:58) - IPSCO (00:13:13) - Reysas (00:15:47) - Starting with value investing (00:19:37) - My journey in investing; Introduction to Warren Buffett (00:22:45) - Cloning ideas: Walmart & Microsoft (00:24:35) - Microsoft: Vijay Vashi (00:31:51) - Find out your passion: Poor Charlie's Almanac (00:35:42) - The Dakshana Foundation (00:40:12) - Bill Gates' introduction to Warren Buffett2025-03-0650 min
Chai with PabraiMohnish Pabrai’s Interview at MOI Global on January 21, 2025Mohnish Pabrai’s Interview with John Mihaljevic at MOI Global on January 21, 2025. (00:00:00) - Introduction (00:01:47) - Industrial Real Estate: First Industrial (00:06:38) - Boom and bust cycle - Oil & shipping businesses (00:09:14) - CONSOL Energy (00:12:08) - Coal businesses (00:21:08) - Frontline (00:26:03) - Micron (00:27:48) - Portfolio concentration (00:30:17) - Reysas (00:31:56) - Investing in Turkiye (00:34:21) - Evolution in investing style (00:35:40) - Evaluating the company's management (00:37:48) - Capital allocation for coal companies (00:40:55) - Risk vs. Uncertainty 2025-02-2752 min
Chai with PabraiMohnish Pabrai's session with CIBS at University of Cambridge on January 31, 2025Mohnish Pabrai's session with Cambridge Investment Banking Society at University of Cambridge on January 31, 2025. (00:00:00) - Introduction (00:01:38) - Marcus Aurelius: Stoic philosophy (00:04:28) - Learning from mistakes (00:09:01) - Ignore Macroeconomic factors (00:11:57) - Value vs growth investing (00:14:58) - Investing in Turkey: Reysas (00:19:22) - Venture Capital: Bill Gurley (00:23:06) - Handling the 2008 financial crisis (00:24:12) - Skills for value investing (00:27:02) - Look for undiscovered opportunities; Warren's Swiss Army knife approach (00:30:22) - Handling the portfolio concentration and risks (00:33:49...2025-02-2041 min
Chai with PabraiMohnish Pabrai's Talk with GreenHaven Road Partners Fund on October 29, 2024Mohnish Pabrai's Talk with GreenHaven Road Partners Fund on October 29, 2024. (00:00:00) - Introduction (00:02:08) - Public Charity status of the Dakshana Foundation (00:04:04) - Feedback loops in Capitalism and Philanthropy (00:09:27) - The Dakshana Foundation model: The inversion impact (00:12:09) - Indian Institute of Technology (IIT) (00:14:13) - Ashok T Kumar: Dakshana Scholar who ranked 63 at IIT (00:18:36) - Operating Mechanics of the Dakshana Foundation (00:19:55) - All India Institutes of Medical Sciences (AIIMS) (00:21:13) - The Dakshana journey (00:23:56) - Dakshana's success rate (00:27:14...2024-12-0237 min
Chai with PabraiMohnish Pabrai's Guest Lecture at University of Nebraska, Omaha on October 15, 2024Mohnish Pabrai's Guest Lecture at University of Nebraska, Omaha on October 15, 2024. (00:00:00) - Introduction (00:02:02) - Charlie Munger: Costco (00:05:35) - Warren's rejection of opportunities on moral grounds (00:08:27) - Conwood Chewing Tobacco (00:13:52) - Valeant Pharmaceuticals (00:18:10) - Credit Acceptance (00:23:58) - TransDigm (00:30:23) - Berkshire's investment in Gen Re (00:32:38) - Charlie Munger is irreplaceable (00:36:18) - Berkshire Hathaway after Warren Buffett (00:37:44) - Early start to investing journey (00:40:17) - My daughter's introduction to compounding and investing (00:45:01) - Blackstone 2024-11-1958 min
Chai with PabraiMohnish Pabrai's Podcast with Kevin (Age 10) and Justin (Age 6) on September 24, 2024Mohnish Pabrai's Podcast with Kevin (Age 10) and Justin (Age 6) on September 24, 2024. (00:00:00) - Introduction (00:02:37) - Start investing at a young age; Bill Gates (00:06:38) - Invest in what interests you; Warren Buffett (00:10:26) - The best purchase I’ve ever made (00:12:16) - Bridge (00:14:16) - Compounding - 8th wonder of the world (00:21:02) - Rule of 72 (00:25:38) - Warren Buffett: Compounding since early years (00:34:49) - Key to wealth and a long life (00:40:25) - Value investing (00:44:56) - My journey as a va...2024-10-2153 min
Chai with PabraiMohnish Pabrai’s Talk at Pan IIT Conference, Toronto in June 2014 Mohnish Pabrai’s Talk at Pan IIT Conference, Toronto in June 2014. (00:00:00) - Introduction (00:01:14) - Philanthropy (00:03:40) - The Dakshana Foundation; Anand Kumar's Super 30 (00:07:42) - Philanthropy in India (00:12:14) - My inspiration for philanthropy (00:14:13) - Jawahar Navodaya Vidyalaya (00:16:30) - Social ROI; Bills & Melinda Gates Foundation (00:18:22) - Entrepreneurship vs. Philanthropy (00:20:00) - The importance of feedback loops in philanthropy The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, fi...2024-09-2522 min
Chai with PabraiMohnish Pabrai’s keynote address at TiECON Southwest on November 9, 2013Mohnish Pabrai’s keynote address at TiECON Southwest on November 9, 2013. (00:00:00) - Introduction (00:02:02) - The IndUS Entrepreneurs (00:04:49) - Non-venture-backed start ups (00:06:26) - My first startup: Non-venture-backed (00:09:04) - Philanthropy: Focus on a specific cause for maximum returns (00:12:36) - The Dakshana Foundation: Cloned from Anand Kumar's Super 30 (00:18:44) - Dakshana's goal: 2020 in 2020 The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies th...2024-09-1921 min
Chai with PabraiMohnish Pabrai's Session with YPO Delhi on July 9, 2024Mohnish Pabrai's Session with YPO Delhi Chapter on July 9, 2024 (00:00:00) - Introduction (00:03:56) - Manhattan deal by American Indians in 1626; The Rule of 72 (00:08:45) - My daughter’s introduction to compounding (00:11:04) - The Three pillars of compounding (00:13:11) - Berkshire’s dozen truly great decisions (00:15:34) - See's Candies vs. Coca-Cola (00:19:38) - Rakesh Jhunjhunwala (00:22:43) - ROI on tech businesses (00:24:56) - Reysas (00:28:05) - Coke's global bottling businesses; Varun Beverages (00:33:36) - Growth vs ROCE (00:35:37) - Investing in index funds2024-08-091h 02
Chai with PabraiMohnish Pabrai’s Session with CFA Society, United Kingdom on June 12, 2024Mohnish Pabrai’s Session with CFA Society, United Kingdom on June 12, 2024 (00:00:00) - Introduction (00:01:49) - My grandfather Gogia Pasha (00:10:00) - My journey as an investor (00:14:31) - Anomalies in stock market (00:18:11) - Early years of Pabrai Funds (00:21:47) - Value vs. Growth (00:23:48) - Investing is an opportunistic business (00:26:10) - Coal is not a four lettered word! (00:32:45) - Investing in Turkey (00:36:09) - Handling macro-economic risks (00:37:33) - Mistakes are stepping stones to success; Investment checklist (00:43:32) - Building an...2024-08-091h 00
Chai with PabraiMohnish Pabrai’s Session with Rotary Bangalore DownTown on June 19, 2024Mohnish Pabrai’s Session with Rotary Bangalore DownTown and Fellowship of Wealth Creators on June 19, 2024. (00:00:00) - Introduction (00:01:07) - Esther Duflo and Abhijit Banerjee (00:02:12) - Philanthropy: Social return on invested capital (00:10:36) - Framework of Non-profit organisations; The Dakshana Foundation (00:17:03) - Dakshana scholar: Rajiv Kumar (00:19:49) - Dakshana model (00:25:41) - Jawahar Navodaya Vidyalaya (00:30:01) - Dakshana's selection process (00:34:09) - Warren Buffett's philanthropic approach (00:41:49) - Chuck Feeney (00:44:01) - Akshaya Patra Foundation The contents of this website are fo...2024-07-1247 min
Chai with PabraiMohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024. (00:00:00) - Introduction (00:02:53) - Circle the Wagons (00:08:18) - Intrinsic Value vs. Owners' Intrinsic Value (00:16:47) - Starbucks (00:17:34) - Ken Langone: Home Depot (00:20:13) - Berkshire's 12 best decisions in 58 years; See's Candies vs Coca Cola (00:27:22) - Evaluating the management team (00:32:23) - Advice for young investors (00:33:48) - My educational journey (00:38:19) - Memories of Charlie (00:43:24) - Learnings from Charlie Munger (00:45:54) - Cloning is the best model; Chipotle 2024-06-201h 18
Chai with PabraiMohnish Pabrai's Q&A session with Dakshana Scholars at the JNV Pune on December 25, 2023Mohnish Pabrai's Q&A session with Dakshana Scholars at the JNV Pune on December 25, 2023 (00:00:00) - Introduction (00:00:51) - One of Dakshana’s best alums: T. Ashok Kumar (00:05:00) - Public speaking, lifelong advantage: Toastmasters (00:08:27) - Education system in India vs. US (00:17:48) - Merit over Money (00:23:39) - Rule of 72 (00:34:12) - Maximizing Social Impact (00:35:49) - Don't Worry About Low Scores (00:41:39) - Marcus Aurelius: Failure is the key to Success (00:44:38) - Clone Great Ideas (00:53:09) - Pursue Happiness ...2024-06-1956 min
Chai with PabraiMohnish Pabrai's Interview at My First Million Podcast on April 4, 2024Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024. (00:00:00) - Introduction (00:00:34) - Why entrepreneurs make the best investors (00:03:09) - Buffett's early entrepreneurial adventures (00:08:13) - Buffett's introduction to Ben Graham (00:11:39) - See's Candies (00:17:59) - My entrepreneurial journey (00:30:25) - Entrepreneurs don’t take risks (00:32:36) - Richard Branson: Virgin Atlantic (00:36:19) - The Patels' motels business in the US (00:41:16) - Introduction to Warren Buffett (00:46:12) - Pabrai Funds (00:54:37) - Lunch with Warren Buffett (00:59:16) - Learnings from Buffett...2024-06-031h 50
Chai with PabraiMohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban on December 24, 2023Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban on December 24, 2023 (00:00:00) - Introduction (00:00:29) - Cloning Super 30 (00:03:50) - Rule of 72 (00:09:15) - Ultra-high Social Return on Invested Capital (00:17:16) - Integrity in Philanthropy (00:22:38) - Akshaya Patra: The best of the best! The contents of this video are for educational and entertainment purposes only, and do not purport to be, and are not intended to be financial, legal, accounting, tax, or investment advice. Investments or strategies that are discussed may not be...2024-05-3027 min
Chai with PabraiMohnish Pabrai's Session at The Investor’s Podcast on April 1, 2024Mohnish Pabrai's Session at The Investor’s Podcast on April 1, 2024 (00:00:00) - Introduction (00:01:44) - TransTech (00:03:39) - Managing other people’s money (00:08:54) - My journey in investing (00:11:51) - The happiness equation (00:17:12) - Learnings from Buffett; Be a harsh grader (00:22:06) - The importance of truth and candor (00:24:06) - Bridge vs. Poker (00:28:59) - Infinite games (00:30:56) - McDonalds (00:34:02) - Boeing (00:36:12) - Processing information from books (00:40:24) - Pabrai Fund's track record (00:45:25) - The game of investing ...2024-05-1559 min
Chai with PabraiMohnish Pabrai's Session with MIT's Brass Rat Investments on March 12, 2024Mohnish Pabrai's Session with Massachusetts Institute of Technology's Brass Rat Investments on March 12, 2024 (00:00:00) - Introduction (00:02:03) - Berkshire's 12 great decisions in 58 years (00:05:06) - See's Candies vs. Coke (00:11:55) - Burlington Northern Santa Fe Railroad (00:16:54) - The Intrinsic value of a stock (00:20:52) - Learnings from Charlie Munger (00:27:24) - The Dakshana Foundation (00:33:17) - Sergio Marchionne: Fiat Chrysler (00:38:59) - Identifying investment opportunities (00:47:35) - Finding Anomalies; Seinfeld: Is this anything? (00:52:56) - Investing in Turkey; Coca-Cola Icecek (00:56:28) - A day in my...2024-05-011h 02
Chai with PabraiMohnish Pabrai's Q&A session with Dakshana scholars at the JNV Kottayam on December 21, 2023Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Kottayam on December 21, 2023. (00:00:00) - Introduction (00:01:53) - Dakshana scholar: T Ashok Kumar (00:10:49) - The Dakshana model (00:21:17) - Rule of 72 (00:26:05) - Cloning Super 30; Anand Kumar (00:35:05) - Giving back to society (00:37:34) - Be a harsh grader (00:45:15) - Inner scorecard vs. Outer scorecard (00:48:18) - My educational journey (00:51:25) - My entrepreneurial journey (00:53:35) - Dakshana's objectives The contents of this website are for educational and entertainment purposes only, and do not...2024-04-231h 04
Chai with PabraiMohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore (Rural) on December 24, 2023Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore (Rural) on December 24, 2023. (00:00:00) - Introduction (00:01:09) - Introduction to Buffett and Power of compounding (00:03:55) - Rule of 72 (00:13:38) - Overcoming challenges at Dakshana (00:21:20) - Caste reservation vs. Income based system (00:30:24) - Handling the global financial crisis (00:34:08) - Cloning is a powerful mental model (00:37:27) - My educational journey (00:40:31) - My introduction to investing; Peter Lynch (00:42:17) - Reysas (00:46:47) - Work preferences (00:50:03) - Find your calling in...2024-04-2351 min
Chai with PabraiMohnish Pabrai’s session with YPO’s Mosaic Chapter on March 20, 2024Mohnish Pabrai’s session with YPO’s Mosaic Chapter on March 20, 2024. (00:00:00) - Introduction (00:02:05) - Friendship with Charlie Munger (00:04:22) - Tom Peters; Humans aren’t good cloners (00:07:39) - Microsoft (00:09:24) - Berkshire's investment in See's Candies (00:11:18) - Charlie was Ben Franklin reincarnated! (00:16:56) - Charlie's influence over Warren Buffett (00:21:14) - Charlie's mental models; Human reciprocation theory (00:27:40) - Investment discussions with Charlie (00:31:37) - Adam Grant: Give and Take (00:39:50) - Lifetime ban at an LA casino (00:44:07) - Poor Charli...2024-04-1551 min
Chai with PabraiMohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024. (00:00:00) - Introduction (00:01:28) - Berkshire's 12 great decisions (00:04:52) - Burlington Northern Railways (00:07:49) - See’s Candies: Berkshire’s big home run! (00:12:48) - Evolution of my investment philosophy (00:16:04) - Berkshire without Charlie (00:20:06) - Be a harsh grader (00:21:49) - Auto dealership business; OEMs vs. EVs (00:25:38) - Evaluating a business (00:28:50) - Met-coal (00:31:18) - IPSCO vs. CONSOL (00:39:06) - Circle of competence (00:41:08) - Diversification of portfolio 2024-03-2246 min
Chai with PabraiMohnish Pabrai's Session at the SumZero Virtual Investor Summit 2024 on February 8, 2024Mohnish Pabrai's Session at the SumZero Virtual Investor Summit 2024 on February 8, 2024. (00:00:00) - Introduction (00:01:05) - Meta (00:03:59) - Google vs. Microsoft (00:08:17) - Dinner with Bill Gates (00:12:30) - TAV Airport (00:20:23) - Investing in coal; David Einhorn (00:25:23) - Auto OEMs (00:27:15) - Reysas (00:30:14) - 20% Office Vacancy Rate! A 45-year high! (00:33:32) - Macroeconomic factors (00:36:58) - Charlie Munger; LA Country Club The contents of this website are for educational and entertainment purposes only, and do not purport to be, an...2024-03-1348 min
Chai with PabraiMohnish Pabrai's Q&A at London School of Economics on January 30, 2024Mohnish Pabrai's Q&A with Value Education Society at London School of Economics on January 30, 2024. (00:00:00) - Introduction (00:01:59) - Seinfeld: Is this anything? (00:04:26) - The Dhandho Investor (00:05:34) - Ferrari: Sold too soon (00:06:46) - Evaluating management; Fiat Chrysler (00:11:48) - Stellantis: Carlos Tavares (00:12:50) - Elon Musk vs. Chuanfu Wang (00:16:27) - Learnings from Charlie Munger (00:20:11) - Be a shameless cloner (00:24:46) - My process of evaluating a business (00:26:41) - Advice to students (00:30:09) - Auction-driven markets: Microsoft (00:34:59) - Pabrai In...2024-02-2248 min
Chai with PabraiMohnish Pabrai's Interview at Morningstar, The Investor's Mind on December 1, 2023Mohnish Pabrai's Interview at Morningstar, The Investor's Mind on December 1, 2023. (00:00:00) - Introduction (00:02:52) - Lunch with Buffett; Be a harsh grader (00:07:42) - Impact of personal experiences in investing (00:11:44) - Handling the global financial crisis (00:15:45) - Breaking Bread with Charlie Munger (00:19:25) - 2009 Financial Crisis (00:22:51) - The inner vs the outer scorecard (00:24:44) - Leading an aligned life (00:28:04) - Playing Bridge The contents of this website are for educational and entertainment purposes only, and do not purport to be, a...2024-02-0932 min
Chai with PabraiMohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023Mohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023. (00:00:00) - Introduction (00:00:49) - My introduction to investing (00:04:29) - Circle of competence; John Arrillaga (00:08:14) - Nick Sleep (00:10:22) - Learning from mistakes (00:14:53) - Assessing management team (00:17:01) - Transdigm (00:21:15) - Japanese markets (00:25:19) - Uncertainties in investing (00:27:36) - Autonomy for investment managers (00:31:49) - UGMA: A great gift from Congress! (00:34:03) - The Dakshana Foundation (00:37:41) - Returns from philanthropic investments (00:46:02) - Akshaya Pa...2024-01-2354 min
Chai with PabraiMohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023Mohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023. (00:00:00) - Auction-driven markets (00:02:07) - Berkshire's PetroChina investment (00:04:34) - Anomaly-based investing (00:05:27) - Reysas (00:08:36) - Macro-economic factors in investing (00:11:29) - Clemson to Austin (00:14:32) - Finding anomalies; Investing in Turkey (00:17:24) - Funeral home business (00:20:14) - 13F filings (00:21:30) - Car dealerships (00:29:05) - Lunch with Warren and Charlie (00:36:55) - Diversification (00:40:27) - The LA Country Club The contents of...2024-01-0942 min
Chai with PabraiMohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023 Mohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023 (00:00:00) - Introduction (00:02:45) - My introduction to Warren Buffett (00:04:28) - Chuck Feeney: The Billionaire who wasn't (00:06:28) - The Dakshana Foundation (00:08:28) - Learnings from my childhood (00:14:21) - Cloning is a powerful mental model (00:15:50) - Microsoft: The most relentless cloner (00:17:33) - Sam Walton: Walmart (00:20:48) - Can cloning be competitive? (00:22:54) - Different styles of investing (00:25:16) - Ben Graham: GEICO (00:27:46) - Stone Trust Insurance: Francis Chou2023-12-261h 06
Chai with PabraiMohnish Pabrai's Q&A Session at Boston College, Carroll School of Management on October 12, 2023Mohnish Pabrai's Q&A Session at Boston College, Carroll School of Management on October 12, 2023. (00:00:00) - Introduction (00:02:58) - Moody’s Manual (00:08:11) - Japan Company Handbook (00:12:00) - Buffett’s Amazing Five Japan Bets (00:16:23) - Lessons in investing: Search for anomalies (00:17:59) - Peter Kiewit and Sons (00:21:35) - ADP vs. Exxon (00:28:24) - IPSCO (00:32:43) - Rain Industries (00:35:11) - Reysas (00:41:10) - Fiat Chrysler; Ferrari (00:47:56) - Narrowing the investing universe; JetBlue Airlines (00:53:17) - Thou shall not use Excel...2023-12-181h 45
Chai with PabraiMohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023. (00:00:00) - Introduction (00:02:49) - The Manhattan deal by American Indians in 1626 (00:07:42) - Compounding: Eighth wonder of the world (00:08:14) - Queen Isabella's funding of Columbus discovery of America (00:11:35) - My daughter's introduction to compounding (00:15:18) - Factors of compounding (00:20:58) - Never interrupt compounding unnecessarily (00:25:15) - Large inheritances do more harm than good (00:28:17) - Chuck Feeney: The Billionaire Who Wasn’t (00:33:47) - My journey of investing (00:40:27) - Berkshire's Twelve gre...2023-12-041h 03
Chai with PabraiMohnish Pabrai’s Q&A at Mendoza College of Business - University of Notre Dame on September 29, 2023Mohnish Pabrai’s Q&A at Mendoza College of Business - University of Notre Dame on September 29, 2023. (00:00:00) - Introduction (00:01:57) - When to sell a stock; Amazon (00:09:00) - Starting Pabrai Investment Funds (00:13:35) - Berkshire's Twelve great decisions (00:16:25) - Berkshire's Japanese investments (00:20:52) - Identifying compounders (00:26:07) - Charlie's mental models (00:27:41) - Association tendency – Coca-Cola (00:29:32) - Human reciprocation tendency (00:34:09) - Cloning: Chipotle vs. Baja Fresh (00:38:06) - Steve Rattner: Overhaul (00:45:07) - Fiat Chrysler (00:47:25) - NVR...2023-11-1459 min
Chai with PabraiMohnish Pabrai’s Q&A session at the Harvard Business School on September 15, 2023Mohnish Pabrai’s Q&A session at the Harvard Business School on September 15, 2023 (00:00:00) - Introduction (00:01:26) - Heads I win; Tails I don’t lose too much! (00:14:27) - My entrepreneurial adventures (00:22:59) - Starting Pabrai Investment Funds (00:29:24) – Thou shall not use Excel! (00:31:42) - Cloning the Buffett Partnership structure (00:38:45) - Diversification (00:41:07) - Investing in Turkiye; Reysas (00:45:21) - Lunch with Warren Buffett (00:51:55) – The Dakshana Foundation (01:03:59) - Adam Grant: Give and Take (01:08:58) - Chuck Feeney: The Billionaire Who Wasn't...2023-10-241h 39
Chai with PabraiMohnish Pabrai's Interview at the Meb Faber Show on July 28, 2023Mohnish Pabrai's Interview at the Meb Faber Show on July 28, 2023. (00:00:00) - Introduction (00:00:58) - My education at Clemson University (00:04:51) - My introduction to Warren Buffett and Bridge (00:12:32) - Compounding must be taught to 9th graders (00:17:51) - The Dakshana Foundation (00:29:27) - Holding on to your high conviction bets (00:31:14) - Shelby Davis (00:33:18) - Think like an entrepreneur when investing (00:38:38) - Investing in Turkey (00:44:42) - Macro Risks (00:47:40) - Investing in global markets (00:51:56) - Dinner with Bill Gates2023-09-261h 02
Chai with PabraiMohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 26, 2014Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 26, 2014 (00:00:00) - Introduction (00:03:28) - Starting Pabrai Investment Fund (00:05:01) - Dakshana Foundation; the 2% model (00:12:42) - Dhandho Holdings (00:14:06) - Insurance vs. Investing (00:20:31) - Buying Iowa farm land (00:30:07) - Volatility: An advantage for auction driven markets (00:33:02) - When to sell a stock (00:39:14) - Munger: “I always had someone to discuss my investment ideas with.” (00:43:51) - Hero MotoCorp (00:48:51) - Opportunity cost of sitting on cash (00:53:37) - Investing in I...2023-09-141h 14
Chai with PabraiMohnish Pabrai's Presentation and Q&A at Indian School of Business on July 13, 2013Mohnish Pabrai's Presentation and Q&A at Indian School of Business on July 13, 2013 (00:00:00) - Introduction (00:01:41) - Rajat Gupta (00:04:00) - Compounding: eighth wonder of the world (00:11:37) - Starting Pabrai Funds (00:19:42) - Shameless cloning (00:26:41) - General Motors (00:34:14) - Cloning Buffett's portfolio (00:39:11) - ROI model in philanthropy (00:42:30) - Ashok Kumar: Dakshana Scholar (00:45:48) - Zero fee structure (00:48:12) - 2009 financial crisis (00:54:11) - Investing in Indian markets (01:00:05) - Business with strong moat vs. Business that clones 2023-08-091h 25
Chai with PabraiMohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015. (00:00:00) - Introduction (00:04:43) - The Motors bubble - 1921 (00:06:56) - The Tronics bubble - 1959-62 (00:08:23) - The Dot com bubble - 1997-2000 (00:16:10) - The 1973-74 Nifty-Fifty crash (00:19:00) - Tesla vs. GM (00:21:07) - Netflix vs. Micron (00:26:11) - Go Pro (00:33:04) - Creation of stock market bubbles (00:55:01) - Super 30: Anand Kumar (01:00:34) - The Dakshana Foundation (01:05:39) - Warren's Too Hard Pile (01:07:52) - John Arrillaga's small circle o...2023-07-121h 41
Chai with PabraiMohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023. (00:00:00) - Introduction (00:02:25) - Investing basics in school curriculums (00:05:58) - Investing in improving yourself (00:12:21) - Dhandho investing; Jugaad (00:15:30) - Employment opportunities in India vs the US (00:19:55) - Moving from passive investing to active management (00:23:33) - Handling investing mistakes (00:24:39) - Nvidia (00:26:30) - Microsoft (00:31:51) - Democratizing investing (00:33:56) - Better off focussing on the micro versus the macro (00:41:46) - Quality i...2023-07-0457 min
Chai with PabraiMohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023Mohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023 (00:00:00) - Introduction (00:02:28) - Value investing; Amazon (00:09:52) - Learnings from Charlie Munger; Doheny Ranch, California (00:18:23) - Be a harsh grader while choosing your friends (00:27:17) - Li Lu (00:33:15) - Investing in China (00:38:14) - Cryptocurrency & algorithmic trading (00:39:27) - Book recommendations (00:40:21) - Identifying multibaggers (00:42:13) - My investing journey (00:46:49) - Book recommendation: Poor Charlie's Almanack (00:48:28) - Adam Grant: Give and Take (00:54:22...2023-06-211h 07
Chai with PabraiMohnish Pabrai's Interview at the Investor’s Podcast on April 25, 2023Mohnish Pabrai's Interview at the Investor’s Podcast on April 25, 2023 (00:00:00) - Introduction (00:00:54) - Poor Charlie's Almanack; handling biases (00:02:55) - Investing in Turkey (00:06:12) - Circle the wagons (00:08:54) - Nifty 50 in 1970's (00:11:51) - Rakesh Jhunjhunwala (00:13:57) - Naspers (00:19:09) - Shinoken; share buybacks (00:24:08) - How has my investing changed over the years (00:26:07) - Stock based compensation (00:29:17) - Constellation: Mark Leonard (00:36:43) - Handling investment mistakes (00:40:32) - The importance of truth (00:45:55) - Being open to...2023-06-0551 min
Chai with PabraiMohnish Pabrai's Q&A session with students at the JNV Lucknow on December 27, 2022Mohnish Pabrai's Q&A session with students at the JNV Lucknow on December 27, 2022 (00:00:00) - Introduction (00:00:51) - Usain Bolt; The Bolt Factory (00:11:09) - Khushwant Singh (00:14:59) - IIT vs. MIT (00:25:29) - Start specialising at the age of 11 (00:35:31) - Why is Brazil great at football? (00:43:31) - If I was the education minister in India (00:46:42) - Delhi school system (00:56:50) - Avoid looking back, focus on looking forward (01:01:35) - You are who your friends are (01:03:17) - Dakshana scholar: T. Ashok K...2023-05-261h 14
Chai with PabraiMohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023 (00:00:00) - Introduction (00:02:22) - Buffett’s 2022 Shareholder Letter (00:03:25) - Berkshire’s dozen truly great decisions (00:07:16) - Naspers; Tencent (00:12:14) - Rakesh Jhunjhunwala; Titan (00:14:56) - Nick Sleep; Amazon (00:18:39) - Ben Graham; Geico (00:20:20) - Walmart vs. Nifty 50 (00:23:37) - Buffett's Coke investment (00:26:35) - Chuck Akre's Three-legged stool (00:29:51) - Compounding is the 8th wonder of the world (00:33:47) - Silicon Valley Bank (00:36:37) - Reysas 2023-05-2558 min
Chai with PabraiMohnish Pabrai's Q&A session with students at the JNV Pune on December 25, 2022Mohnish Pabrai's Q&A session with students at the JNV Pune on December 25, 2022. (00:00:00) - Introduction (00:01:51) - Be a continuous learning machine (00:04:09) - Entrepreneurs do not take risk (00:14:12) - MLK: I have a dream (00:17:59) - What happens if I lose all my money today? (00:28:48) - Inspiration for Dakshana (00:34:36) - Super 30: Anand Kumar (00:39:48) - Toastmasters (00:44:56) - Giving back to society (00:49:15) - Buddha: The key to happiness is elimination of desire (00:54:38) - You are who your friends are2023-05-1558 min
Chai with PabraiMohnish Pabrai's Q&A session with students at the Dakshana Valley, Pune on December 26, 2022 Mohnish Pabrai's Q&A session with students at the Dakshana Valley, Pune on December 26, 2022. (00:00:00) - Introduction (00:00:54) - Finding your calling in life (00:15:31) - Toastmasters (00:19:43) - Dakshana Scholar Satpal Singh (00:21:23) - Inspiration for starting Dakshana (00:28:22) - Anand Kumar: Super 30 (00:29:43) - The Dakshana journey (00:37:00) - The essence of life (00:45:53) - Nelson Mandela (00:50:56) - Marcus Aurelius: Stoicism (00:56:48) - Why did I choose India for Dakshana (01:10:51) - My journey – from a below average to topper student 2023-05-032h 00
Chai with PabraiMohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023 | (00:00:00) - Introduction (00:01:00) - My childhood (00:12:52) - My journey towards investing (00:24:03) - Starting Pabrai Funds during the dot-com bubble (00:26:56) - IPSCO (00:30:33) - 2009 financial crisis (00:32:46) - The Fiat Chrysler Investment in 2012 (00:35:07) - Meeting Michael Burry in 2008 (00:38:47) - COVID-19 pandemic (00:44:32) - Satyam Computers & Blue Dart (00:53:08) - Rakesh Jhunjhunwala (00:54:34) - Anomaly-based investing (00:56:20) - Reysas (01:00:32) - Varun Beverages and Coca-Cola Icecek (01:05:08) - W...2023-04-281h 37
Chai with PabraiMohnish Pabrai's Q&A session with students at JNV Bundi on December 24, 2022Mohnish Pabrai's Q&A session with students at JNV Bundi on December 24, 2022 (00:00:00) - Introduction (00:01:09) - Enterprise Rent-A-Car only hires GPA below 2.5! (00:11:38) - Toppers do not do the best in life (00:14:32) - My journey - from a below average to a topper (00:18:40) - Dakshana: Of the Alums, By the Alums, For the Alums (00:23:19) - Be a continuous learner (00:28:33) - The Dakshana model and objectives (00:39:13) - Gandhi: Be the change you wish to see (00:40:38) - A man, a Plan, a Canal, Panama 2023-04-271h 18
Chai with PabraiMohnish Pabrai’s Q&A session with students at JNV Bangalore (Rural) on December 23, 2022 Mohnish Pabrai’s Q&A session with students at JNV Bangalore (Rural) on December 23, 2022 (00:00:00) - Introduction (00:04:57) - Dakshana Donors – Prem Watsa; R.K. Damani (00:07:27) - Harvard’s model for donations (00:12:11) - Your deepest desire is your destiny (00:21:51) - Dakshana: Of the alums, for the alums, by the alums (00:22:54) - Fear of failure (00:32:11) - Inspiration behind Dakshana (00:33:19) - Large inheritances do more harm than good (00:37:03) - Truth is the foundation for trust (00:47:40) - Book by Judith Harris: No Two Ali...2023-04-1753 min
Chai with PabraiMohnish Pabrai's Q&A session with students at JNV Bengaluru (Urban) on December 23, 2022Mohnish Pabrai's Q&A session with students at JNV Bengaluru (Urban) on December 23, 2022 (00:00:00) – Introduction (00:00:34) - Charles T. Munger Hall (00:05:32) - Ben Franklin (00:07:51) - Charlie's mental models (00:11:45) - The Cloned Dakshana Model (00:20:07) - Dakshana Scholar T. Ashok Kumar (00:23:55) - Judith Harris: No Two Alike (00:26:18) - Buddha: The key to happiness is elimination of desire (00:28:19) - My journey – from a below average to topper student (00:31:47) - Seabiscuit (00:35:10) - The Dakshana model and objectives (00:52:01) - Giving back...2023-04-171h 02
Chai with PabraiMohnish Pabrai’s Talk and Q&A session with students at the University of Texas on February 28, 2023Mohnish Pabrai’s Talk and Q&A session with students at the University of Texas on February 28, 2023 (00:00:00) - Introduction (00:02:01) - Buffett's 2022 Letter to Shareholders (00:04:29) - Berkshire’s Twelve great decisions (00:09:16) - Rakesh Jhunjhunwala (00:13:27) - Chuck Akre's three-legged stool (00:16:19) - Wally Park at LAX (00:18:35) - My investing journey (00:22:55) - Macroeconomic factors (00:27:04) - Investing in Turkey (00:30:27) - Reysas (00:40:14) - TAV Airports (00:44:02) - When to sell? (00:46:04) - Investing in the US (00:50:13) - Start...2023-04-141h 22
Chai with PabraiMohnish Pabrai's Chat with students at the Rotman School of Management on March 03, 2023 Mohnish Pabrai's Chat with students at the Rotman School of Management on March 03, 2023 (00:00:00) - Introduction (00:03:53) - Lunch with Warren (00:08:49) - Buffett’s 2022 Shareholder Letter (00:17:02) - “Circle the Wagons” approach to investing (00:19:28) - The Nifty Fifty in 1970s (00:22:08) - Rakesh Jhunjhunwala (00:24:55) - How to “Circle the Wagons” (00:31:05) - Finding a great business (00:33:17) - IBM (00:38:54) - Li Lu (00:47:04) - Moutai (00:50:44) - Evaluating management (00:53:33) - Coca-Cola 2023-04-111h 13
Chai with PabraiMohnish Pabrai’s Presentation and Q&A at the Boston College on October 9, 2014Mohnish Pabrai’s Presentation and Q&A at the Boston College on October 9, 2014 (00:00:00) - Introduction (00:00:50) - Pabrai Funds, Dhandho and Dakshana: Cloning 101 (00:09:16) - Insurance companies and float investments (00:13:02) - Buying farmlands in Iowa – negotiated transactions (00:17:44) - Auction driven markets: Park Electrochemical Corp (00:20:35) - Auction driven markets: Premier Gold Mines (00:21:54) - Auction driven markets: Communication Design International (00:25:32) - Service Corp (00:29:23) - Lunch with Warren Buffett (00:31:50) - Rick Guerin (00:35:50) - Inner scorecard (00:37:43) - David Hawkins: Power vs. Forc...2023-03-151h 36
Chai with PabraiMohnish Pabrai’s Q&A session at the SumZero Top Stocks Investor Summit on February 9, 2023Mohnish Pabrai’s Q&A session at the SumZero Top Stocks Investor Summit on February 9, 2023 (00:00:00) - Introduction (00:01:07) - Turkey earthquake (00:05:05) - Charlie's biggest mistake: Belridge Oil (00:08:44) - Coca-Cola İçecek (00:13:35) - Reysas (00:18:25) - Ferrari: One of my biggest mistakes (00:22:34) - Turkey – FX risk (00:24:07) - TAV Airports (00:27:27) - Brookfield (00:36:18) - Ali Baba vs. Tencent (00:38:03) - Indian Energy Exchange (00:41:51) - Adani Group (00:43:21) - Amazon (00:45:54) - Apple vs Ferrari runway (00:48:11) - Microsoft vs. Apple2023-03-0754 min
Chai with PabraiMohnish Pabrai’s Q&A Session with MBA Students at Georgetown University – March 4, 2021Mohnish 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...2023-03-0256 minChai with PabraiRaamdeo Agrawal & Mohnish Pabrai; Q&A session with Dakshana Scholars, Oct. 26, 2017At JNV Bengaluru Urban. Compounding is the 8th Wonder of the World!2023-03-0246 min
Chai with PabraiMohnish Pabrai's Q&A Session with YPO Gold Nairobi in Kenya on October 11, 2022Mohnish Pabrai's Q&A Session with YPO Gold Nairobi in Kenya on October 11, 2022 (00:00:00) - Introduction (00:03:15) - Buying Manhattan from the Native American Indians in 1626 (00:10:05) - My daughter's investment journey with compounding (00:12:51) - Active vs. Passive Investing (00:19:51) - Error rate in investing (00:26:12) - Reysas (00:29:41) - TAV Airports (00:31:43) - Circle of competence (00:35:45) - Macroeconomic factors (00:39:51) - When to sell a stock (00:44:11) - Intrinsic Value (00:46:25) - Global investment opportunities (00:54:06) - Too hard pile 2023-03-021h 12
Chai with PabraiFireside Chat with Jeff Pintar on Mohnish Pabrai's lifetime Blackjack ban at a Vegas Casino on May 21, 2020Jeff 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...2023-03-0156 minChai with PabraiMohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Oct 14, 2016Prof. Jiang Guohua's Value Investing Course "The Quest for 10-100 Baggers"2023-02-281h 18
Chai with PabraiMohnish Pabrai’s Q&A Session with students at William & Mary College on November 8, 2022Mohnish Pabrai's Q&A Session with students at the William & Mary College on November 8, 2022 (00:00:00) - Introduction (00:01:39) - The Micron Technologies oligopoly (00:10:46) - Entrepreneurs aren’t risk takers (00:15:48) - Model for running a non-profit/charity (00:20:22) - Adversity is a blessing (00:23:31) - Thou shalt not use Excel (00:30:21) - Micron Technologies: Destination analysis (00:36:42) - Micro Trumps Macro: Ignore macro (00:38:15) - Buffett: The Learning Machine 2023-02-2843 min
Chai with PabraiMohnish Pabrai’s Q&A Session with Mis Propias Finanzas on September 20, 2022Mohnish Pabrai’s Q&A Session with Juan Pablo and Alejandro Salcedo at Mis Propias Finanzas on September 20, 2022 (00:00:00) - Introduction (00:01:36) - Lunch with Buffett (00:13:17) - Analyzing an Investment (00:21:03) - On Inheritance (00:25:51) - The Dakshana Story (00:30:34) - Book Recommendation (00:38:35) - My Retirement Plan (00:43:45) - Investing as a Career (00:44:57) - Global Investment Opportunities (00:49:07) - Cryptocurrencies 2023-02-2852 min
Chai with PabraiMohnish Pabrai Lecture to Univ. of Puerto Rico MBA Class – Sept. 26, 2016Mohnish Pabrai discusses three mental models in the spirit of Charlie Munger’s latticework of mental models in a lecture to the University of Puerto Rico MBA students in San Juan, Puerto Rico. 2023-02-2831 minChai with PabraiMohnish Pabrai and Kamal Khetan's Lecture and Q&A at Dakshana Valley (Pune District) - Oct. 21, 2018Mohnish Pabrai and Kamal Khetan, Chairman and Managing Director of Sunteck Realty Ltd., talk with class of 2019 Dakshana Scholars at Dakshana Valley, Kadus Village, Pune, Maharashtra, India.2023-02-281h 03
Chai with PabraiMohnish Pabrai's Q&A Session with Ironhold Capital on September 16, 2022Mohnish Pabrai’s Q&A Session with Ironhold Capital on September 16, 2022 (00:00:00) - Introduction (00:01:08) - Intrinsic Value (00:13:18) - Screening for Investment Ideas (00:22:47) - Identifying Moats (00:27:09) - Phil Fisher’s Scuttlebutt method (00:31:54) - Lunch with Buffett (00:36:06) - Book Recommendation (00:37:44) - The Dakshana Story 2023-02-2845 minChai with PabraiMohnish Pabrai speaks at Trinity College Dublin - February 21, 2019 Mohnish Pabrai lecture to Trinity Student Managed Fund at Trinity Business School, Trinity College Dublin, in Dublin, Ireland, on February 21, 2019. (00:00:00) - Introduction (00:02:59) - BULL! A history of the boom and bust, 1982-2004 by Maggie Mahar (00:03:54) - THE DOW (1896 – 2019) (00:07:52) - Market conditions when Pabrai Funds started (00:09:36) - Price matters (00:12:14) - S&P 500 (1928 – 2019) (00:12:43) - Nasdaq (1971 – 2019) (00:13:19) - Sensex (1979 – 2019); Dax (1988 – 2019) (00:13:58) - Property bubble to NIKKEI (1970 – 2019) (00:16:28) - KOSPI (1980 – 2019) (00:24:50) - Lessons from Charlie Munger and Warren Buffett (00:30:11) - Advice on Starting a Career...2023-02-231h 14
Chai with PabraiMohnish Pabrai’s Q&A with London School of Economics on January 18, 2023Mohnish Pabrai’s Q&A with London School of Economics on January 18, 2023 (00:00:00) - Intro (00:01:09) - Durable Moats (00:04:34) - Coca-Cola (00:08:05) - Apple (00:08:59) - Burlington Northern Railway (00:11:04) - Patience is your most valuable asset (00:14:47) - The Quest for 100 baggers (00:16:15) - Charlie’s greatest investing mistake: Belridge Oil (00:19:33) - Reysas (00:25:36) - Japan Company Handbook (00:30:15) - Circle of competence (00:32:35) - Margin of safety (00:32:57) - Be unreasonable (00:34:18) - Be an independent thinker (00:35:52) - Cloning idea...2023-02-2153 minChai with PabraiMohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Dec 22, 2017Prof. Jiang Guohua's Value Investing Course "Compounding is the 8th Wonder of the World" (00:00:00) - Introduction (00:04:19) - Book: One thousand way to make $1000 (00:05:41) - The power of compounding (00:08:23) - Rule of 72 (00:15:58) - The Wilson Coin Company (00:24:12) - 3 variables in Compounding (00:30:20) - Compounding @ 26% (00:36:45) - Lesson learnt from owning an Insurance company (00:39:57) - Zero management fees (00:42:48) - Guy Spier (00:45:07) - Investment outside US (India & China) (00:49:54) - Investing in Berkshire Hathaway (00:51:30) - Change in i...2023-02-211h 49
Chai with PabraiMohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022Mohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 (00:00:00) - Introduction (00:02:13) - Rakesh Jhunjhunwala (00:06:48) - Uber Cannibals (00:17:49) - Multibaggers (00:24:07) - Key Traits of Value Investors (00:29:42) - Great Businesses vs. Great Investments (00:36:17) - Valuing a business (00:48:06) - Handling Losses (00:53:54) - When to Sell a Stock? (01:00:36) - Investing in China 2023-02-211h 04
Chai with PabraiMohnish Pabrai's Q&A Session with Narsee Monjee Institute of Management Studies, Mumbai Mohnish Pabrai's Q&A Session on Value Investing with Narsee Monjee Institute of Management Studies, Mumbai on June 16, 2022. (00:00:00) - Introduction (00:02:00) - Approaches to Value Investing (00:05:07) - The Multibaggers approach (00:08:54) - McDonald’s 60+ years of compounding (00:15:50) - Chuck Akre's Three-Legged Stool (00:16:49) - Global Multibaggers (00:21:11) - Choose your focus (00:36:29) - Is Value Investing dead now? (00:49:18) - Venture Capital Investing vs. Public Equities (00:54:01) - Passive Index Investing (01:00:07) - Handling Drawdowns2023-02-161h 07Chai with PabraiMohnish Pabrai's Q&A Session with JNV Kottayam Dakshana Scholars - Dec. 24, 20192023-02-141h 32
Chai with PabraiMohnish Pabrai's conversation with Lauren Templeton on July 25, 2022Mohnish Pabrai's conversation with Lauren Templeton on Zenvesting podcast on July 25, 2022 (00:00:00) - Introduction (00:01:12) - Women Investors (00:09:18) - Lunch with Buffett (00:16:05) - Relationship with Charlie Munger (00:19:45) - My Journey towards Investing (00:30:01) - My Introduction to Warren Buffett (00:33:49) - Handling the Macro-economic Factors (00:35:50) - Investing in International Markets (00:45:27) - The Dakshana Story2023-02-1454 min
Chai with PabraiMohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 3, 2016Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value Investing Professor Arvind Navaratnam (00:00:00) - Introduction (00:00:40) - The Quest for 10 to 100 Baggars (00:05:34) - Investment in Satyam Computers (00:10:31) - Blue Dart (00:13:28) - Kotak Mahindra Bank (00:14:19) - CMGI (00:20:25) - 1st type of 100 baggers – Moody, Coca-Cola, Visa etc. (00:31:16) - 2nd type of 100 baggers – Amazon, Costco etc (00:33:34) - 3rd type of 100 baggers – IPSCO, Fiat etc (00:44:47) - Tesoro Petroleum (00:50:26) - Frontline (01:00:23) - Teck Cominco (01:03:43) - 4th type of 100 bagger...2023-02-141h 51
Chai with PabraiMohnish Pabrai’s Q&A with CFA Society of Mexico on August 17, 2022Mohnish Pabrai's Talk with the CFA Society, Mexico on August 17, 2022 (00:00:00) - Introduction (00:02:56) - Different Styles of Investing (00:21:14) - Active Fund Management Industry (00:24:15) - Value vs Growth (00:32:55) - Handling Macro-economic Factors (00:37:50) - The Future of Value Investing2023-02-1451 minChai with PabraiMohnish Pabrai’s Q&A Session with Scholars at JNV Rangareddy (Hyderabad) – January 20, 2019Mohnish delved into many subjects including bullying and how India can become a sports powerhouse.2023-02-141h 34
Chai with PabraiMohnish Pabrai's Webcast Q&A Session with Students at London Business SchoolMay 14, 2019 at London & Irvine, California (00:00:00) - Introduction (00:02:18) - The Ten Commandments of Investing (00:06:13) - My Daily Routine (00:12:16) - Being a Harsh Grader (00:19:52) - Exit Strategy (00:22:03) - Artificial vs. Human Intelligence (00:26:51) - Stock Buybacks (00:32:55) - Handling the Financial Crisis (00:36:21) - Human Reciprocation Tendencies (00:47:05) - Starting your Own Fund (00:53:32) - Berkshire Hathaway Annual Meetings (00:56:12) - Investing as a Career 2023-02-1458 min
Chai with PabraiMohnish Pabrai at Annual Morningstar India Conference - Oct. 24, 2018Mohnish Pabrai gives the keynote speech at the 8th Morningstar Investment Conference in Mumbai, India on October 24, 2018 and discusses the 10 Commandments of Investment Management. (00:00:00) - Introduction (00:02:05) - Commandment 1: Thou shall not skim off the top (00:04:21) - Commandment 2: Thou shall not have an investing team (00:06:24) - Commandment 3: Thou shall accept that thou shall be wrong at least 1/3rd of the time (00:07:47) - Commandment 4: Thou shall look for hidden P/E of 1 stocks (00:09:28) - Rain Industries (00:11:11) - Commandment 5: Thou shall never use Excel (00:12:06) - Commandment 6...2023-02-1043 min
Chai with PabraiMohnish Pabrai Lecture at Univ. of California, Irvine (UCI), May 24, 2016In this talk, Mohnish discusses the three basic attributes an investor should possess to effectively beat the odds. 1. Patience 2. Decisiveness and 3.Being different from the crowd. Mohnish reviews the multiple mental models behind Berkshire’s investment in Coca-Cola. Buffett’s lessons from his See’s Candies investment played a major role in his decision to invest in Coca-Cola. (00:00:00) - Introduction (00:03:36) - Traits of successful people (00:06:52) - How do you make investment? (00:09:52) - Buffett’s See’s Candies Investment (00:15:12) - Difference between See’s candies and Coke (00:18:51...2023-02-071h 45
Chai with PabraiMohnish Pabrai's session with EO Gurgaon on January 10, 2023Mohnish 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...2023-01-311h 14
Chai with PabraiMohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 30, 2017Distinguished 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...2023-01-301h 55
Chai with PabraiMohnish Pabrai’s Lecture, Q&A with students of Peking Univ. (Guanghua School of Mgmt.)–Dec. 3, 2020Professor Jiang Guohua’s Students “Compounding with the Spawners” (00:00:00) - Introduction (00:04:41) - Choices for an investor (00:09:58) - The Path to Multi-Baggers (00:13:35) - Spawners (00:30:40) - The $50 Billion Rule (00:33:57) - Pabrai Spawning rules (00:36:46) - Set it and forget it (00:42:58) - Conglomerates vs. Spawners in Emerging Markets (00:43:52) - Fake Spawners (01:06:27) - Core traits of Spawners (01:19:12) - CMGI (01:22:54) - When wealth is lost (01:25:24) - Costco; Seritage (01:29:18) - Entrepreneur’s Advantage (01:33:07) - Leverage and Debt...2023-01-301h 40
Chai with PabraiMohnish Pabrai's Presentation and Q&A at the Boston College on October 27, 2022Mohnish Pabrai's Presentation and Q&A with students at the Boston College on October 27, 2022 (00:00:00) - Introduction (00:02:31) - The Uber Cannibals Investing Framework (00:27:45) - Henry Singleton - The ultimate Uber Cannibal (00:37:10) - The magic of buybacks (00:44:03) - Investing in a high interest rate environment (00:47:12) - Rules for philanthropy vs. capitalism (01:02:30) - Figuring out intrinsic value (01:10:23) - Creative destruction in capitalism (01:18:24) - Mental models 2023-01-301h 46
Chai with PabraiMohnish Pabrai Presentation and Q&A with UCLA Student Investment Fund - November 5, 2020Mohnish Pabrai meets with members of the UCLA Student Investment Fund at the UCLA Anderson School of Management. (00:00:00) - Introduction (00:01:41) - Starting of Pabrai Funds (00:12:43) - Change in Investment Philosophy over time (00:31:18) - Sell-side research (00:36:35) - Inner and Outer Map 2023-01-2651 min
Chai with PabraiThe Kolkata Value Hunters Club; Q&A with Mohnish PabraiKnowledge Speakers Series May 12, 2021 (00:00:00) - Introduction (00:04:03) - Value vs Growth Investing (00:29:23) - Investments in India (00:38:25) - Learnings from Warren Buffett and Charlie Munger (00:43:19) - Dakshana Foundation (00:48:18) - Impact of COVID on businesses (00:52:03) - Indian hotels business (00:56:28) - What’s a great business? (00:58:17) - How to select Best Value Proposition? (01:07:58) - Unicorns in India (01:12:57) - Mohnish’s schedule (01:17:31) - Death and Rebirth business (01:23:03) - India’s growth and market 2023-01-261h 27
Chai with PabraiMohnish Pabrai Lecture at Boston CollegeDistinguished Speaker Series Professor Arvind Navaratnam October 14, 2021 (00:00:00) - Introduction (00:02:04) - Competition is For Losers, Peter Thiel (00:08:25) - Rain Industries (00:12:39) - Monopolistic business models, Amazon and Google (00:17:14) - Redoing the Spaghetti code, AWS in business (00:19:09) - A Whale only gets harpooned only when it surfaces, Warren Buffett (00:20:00) - AWS, cloning by Microsoft and Google (00:24:15) - Monopolistic characteristics of giant Chinese tech companies (00:28:19) - Tencent (under)reporting style (00:30:24) - Naspers business model, Koos Bekker (00:40:58) - Better capital...2023-01-261h 55
Chai with PabraiRamesh Damani & Mohnish Pabrai Q&A with Millennium Mams' - May 8, 2020Ramesh Damani (Chairman of Avenue Supermarts) and Mohnish Pabrai’s Q&A session with Millennium Mams.’ Millennium Mams' is a Kolkata-based non-profit organization dedicated to empowering women through financial literacy. (00:00:00) - Introduction (00:09:32) - Economic recovery post-Pandemic (00:15:30) - My Heroes in Life (00:23:28) - Learnings from Buffett and Munger (00:27:48) - Li Lu’s Journey (00:35:48) - US-China Trade War (00:41:40) - Will India benefit from the US-China Trade War? (00:52:55) - Investment Opportunities post-COVID (00:59:52) - Gold as an Investment Asset (01:03:36) - Cryptocurrencies (01:13:52) - Book...2023-01-231h 24
Chai with PabraiMohnish Pabrai Q&A at Harvard Business School Investment Conference - April 4, 2022Mohnish Pabrai speaks at the HBS Investment Conference on Sunday, April 3, 2022. It’s an hour-long fireside chat moderated by an HBS professor. The Investment Conference is one of the biggest conferences arranged by HBS students each year. It is attended by 400+ students across MBA programs who have a background or interest in the investment management industry. (00:00:00) - Introduction (00:04:12) - Ben Graham; Warren Buffett’s teacher (00:10:10) - All intelligent investing is Value Investing (00:13:51) - Holding above intrinsic value (00:19:43) - Micro vs. Marco in Turkish economy (00:25:29) - Macro events affe...2023-01-2355 min
Chai with PabraiMohnish Pabrai Lecture at Univ. of California, Irvine (UCI), June 7, 2017Few Bets. Big Bets. Infrequent Bets. In his talk at the University of California at Irvine’s Paul Merage School of Business, Mohnish discusses five decisions by Warren Buffett and Charlie Munger over a 20-year period (1968 – 1988) that moved the needle for Berkshire. Mohnish also talks about some of the intense difficulties that Warren Buffett and Charlie Munger faced along the way. No pain, no gain! (00:00:00) - Introduction (00:02:16) - S & H Green Stamps (00:04:02) - Blue Chip Stamps (00:09:44) - Diversified Retailing (00:11:03) - See’s Candy (00:11:56) - Buffalo News2023-01-201h 41
Chai with PabraiMohnish Pabrai’s Q&A Session with Students at Indiana Univ. Kelley School of Business –April 1, 2021Mohnish Pabrai’s Q&A Session with Students at Indiana Univ. Kelley School of Business –April 1, 2021 (00:00:00) - Introduction (00:04:31) - Investment checklist (00:08:18) - Circle of competence (00:11:08) - Shipping Industry (00:21:56) - Portfolio Management (00:23:35) - US Markets vs. Other markets (00:25:38) - Short selling (00:29:24) - Research process (00:30:42) - Holding a stock (00:33:10) - Cinches, Feet on the desk and awesome destinations (00:41:33) - Pre-investment checklist (00:43:19) - Kelly formula (00:45:04) - Scenario analysis (00:46:28) - Hurdle rate (00:47:48) - Phil...2023-01-121h 06
Chai with PabraiMohnish Pabrai Lecture at Harvard University - April 7, 2020Business Analysis and Valuation Course Professor Andrew Sandoe, Harvard University April 7, 2020 (00:00:00) - Introduction (00:04:40) - Purchase of Stonetrust Insurance (00:8:30) - Insurance Business Model (00:11:05) - Sale of Stonetrust Insurance (00:22:47) - Valuing an Insurance company (00:25:12) - Being a harsh grader (00:30:40) - Circle of Competence (00:42:03) - Start early with investing (00:55:48) - Improving your Circle of Competence (01:02:58) - Learnings from investment mistakes (01:09:54) - Value Investment Categories (01:29:16) - Probability estimation for outcomes (01:34:28) - Philip Fisher’s Scuttlebutt method ...2023-01-111h 45
Chai with PabraiMohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on Nov 29, 2022Mohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on November 29, 2022 (00:00:00) - Introduction (00:01:30) - Satyam Computer Services (00:08:01) - Asymmetry mental model (00:16:29) - Thou shall not have an investing team (00:18:46) - Asymmetry mental model Part 2 (00:20:34) - Equities vs. other asset classes (00:23:30) - Asymmetry mental model Part 3 (00:32:40) - Power vs. Force (00:35:50) - Present education system (00:39:20) - Rakesh Jhunjhunwala's journey (00:41:22) - Jack Nicholson: "You can't handle the truth" (00:42:07) - Walton Family & their Walmart ownership (00:42:38) - Amazon (00:43:24) - Crisil (00:47:36) - Career advice in investing2023-01-1054 min
Chai with PabraiMohnish Pabrai's Talk with UNC Kenan-Flagler School's Investment Management Club on Dec 5, 2022Mohnish Pabrai's Talk with UNC Kenan-Flagler School's Investment Management Club on Dec 5, 2022 (00:00:00) - Introduction (00:05:47) - Selecting an investing manager (00:09:03) - Rain Industries (00:12:01) - You need a rope to get out of deep wells (00:14:33) - Investing in Türkiye (00:18:33) - Active vs passive investing (00:24:18) - Reysas (00:26:49) - Let fundamentals instruct us, not stock price (00:29:46) - Pre-Investment checklist (00:31:26) - IBM (00:36:12) - Alternative investments (00:39:06) - Due diligence in emerging markets (00:42:16) - Approach to philanthropy 2023-01-0352 min
Chai with PabraiMohnish Pabrai's Q&A Session in Nairobi with EO Kenya on October 8, 2022Mohnish Pabrai's Q&A Session in Nairobi with EO Kenya on October 8, 2022 (00:00:00) - Introduction (00:04:15) - Buying Manhattan from the Native American Indians in 1626 (00:12:32) - My daughter's investment journey (00:19:48) - Active vs. passive investing (00:30:42) - Circle of competence (00:37:34) - Dhandho investing (00:39:24) - Reysas (00:45:00) - Munger's biggest mistake: Belridge Oil (00:49:19) - Chuck Akre's three-legged stool2022-12-141h 09
Dakshana FoundationMohnish Pabrai and Kamal Khetan's Lecture and Q&A at Dakshana Valley (Pune District) - Oct. 21, 2018Mohnish Pabrai and Kamal Khetan, Chairman and Managing Director of Sunteck Realty Ltd., talk with class of 2019 Dakshana Scholars at Dakshana Valley, Kadus Village, Pune, Maharashtra, India.2020-09-031h 10Dakshana FoundationMohnish Pabrai and Kamal Khetan's Q&A Session at JNV Pune (Maharashtra, India) - Oct. 21, 2018 Mohnish Pabrai and Kamal Khetan, Chairman and Managing Director of Sunteck Realty Ltd., talk with class of 2019 and 2020 Dakshana Scholars at JNV Pune. 2020-08-0150 minChai with PabraiMohnish Pabrai’s Q&A Session with Scholars at Dakshana Valley – Dec. 26, 2018Mohnish delved into how to fight corruption in India; Why is India poor? Etc.2020-05-011h 36Chai with PabraiMohnish Pabrai Talk at TiE SoCal (Irvine, CA) on Marketing & Branding - Feb 24, 2014Sales/Marketing Reading Materials Referenced in Mohnish’s Presentation 1. Marketing High Technology by William Davidow 2. Power vs. Force by David Hawkins 3. Strategic Selling by Miller/Heiman 4. Conceptual Selling by Miller/Heiman 5. Successful Large Account Management by Miller/Heiman 6. The Origin and Evolution of New Businesses by Amar Bhide 7. Inc. Magazine Subscription 9. In Search of Excellence by Tom Peters 8. Ogilvy on Advertising by David Ogilvy2020-03-281h 01
Chai with PabraiMohnish Pabrai’s Lecture and Q&A with students of Peking University (Guanghua School of Mgmt.)May 1, 2019 at Irvine, California Professor Jiang Guohua’s Students “Great Businesses vs. Great Investments” (00:00:00) - Introduction (00:04:20) - Cloning (00:07:42) - Great Businesses vs. Great Investments (00:09:07) - Mastercard vs. Sunteck Realty (00:22:55) - Motherson Sumi vs. Rain Industries (00:36:32) - Warren Buffett's Coke Investment (00:39:04) - Rain Industries (00:50:42) - Rain Industries (00:55:58) - Motherson Sumi 2020-01-161h 12
Chai with PabraiMohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - November 7, 2019Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value investing Professor Arvind Navaratnam (00:00:00) - Introduction (00:01:30) - GrafTech (00:13:00) - Quality compounders (00:25:10) - Heads I win, tails I don’t lose much (00:31:42) - Passionate about investing (00:34:00) - Past mistakes (00:40:48) - Finding right balance (00:45:25) - Why should it be easy to get rich? (00:48:39) - Quality of management team (00:56:00) - Investing in Turkey (01:01:57) - Balancing price and business quality (01:04:34) - Expanding circle of competence (01:09:10...2020-01-091h 17