Chai with Pabrai
Mohnish Pabrai is the founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic: Perspectives on Investing.
info_outline
Mohnish Pabrai’s Interview at The Money Mindset with Sonia Shenoy on February 15, 2025.
04/25/2025
Mohnish 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 (00:32:53) - Patience is the best skill in investing; Infosys & Microsoft (00:36:04) - Separate a signal from the noise (00:37:52) - Selecting a stock; Warren's too-hard pile (00:41:14) - Investing in Turkiye; Reysas (00:46:39) - Look for illusionary smoke in the market (00:50:46) - Follow your passion in life (00:52:43) - Give meaning to life (00:55:34) - Money doesn't bring happiness (00:59:28) - Key lessons in life (01:05:54) - Good parenting is a key responsibility 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/36314370
info_outline
Mohnish Pabrai's Q&A session with Dakshana Scholars at Dakshana Valley, Pune on December 26, 2024
04/07/2025
Mohnish 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 (00:26:43) - Your deepest desire is destiny (00:29:59) - Cloning and trustworthiness are the best mental models (00:35:45) - Power of compounding (00:41:39) - Think small, scale later effectively (00:44:03) - Great entrepreneurs start with nothing (00:44:50) - Honesty is the most lucrative policy 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 suitable for you, do not take into account your particular investment objectives, financial situation, or needs, and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/36033525
info_outline
Mohnish Pabrai's Q&A session with Dakshana Scholars at JNV Lucknow on July 14, 2024
04/07/2025
Mohnish Pabrai's Q&A session with Dakshana Scholars at JNV Lucknow on July 14, 2024
Mohnish 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 (00:26:13) - Rule of 72 (00:31:53) - Robert Caro: Relentless research, unrivalled narrative (00:33:35) - Dakshana's Mission: Empowering Underprivileged Students (00:37:31) - Secret to success: Focus (00:41:42) - Upanishads on true desire 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 suitable for you, do not take into account your particular investment objectives, financial situation, or needs, and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/36033415
info_outline
Mohnish Pabrai's Interview at the Capital Compounders Show on February 25, 2025
03/21/2025
Mohnish Pabrai's Interview at the Capital Compounders Show on February 25, 2025
Mohnish 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 Nifty-Fifty in 1973-74; Walmart (00:37:02) - Fiat Chrysler (00:38:09) - The Waltons' ownership in Walmart (00:42:18) - Frontline & Reysas (00:46:11) - Portfolio concentration; Steve Ballmer at Microsoft (00:49:39) - Uber Cannibals 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/35804790
info_outline
Mohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024
03/06/2025
Mohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024
Mohnish 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 Buffett (00:44:15) - Reliability and Trust (00:47:33) - Somasegar at Microsoft 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/35563280
info_outline
Mohnish Pabrai’s Interview at MOI Global on January 21, 2025
02/27/2025
Mohnish Pabrai’s Interview at MOI Global on January 21, 2025
Mohnish 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 (00:42:36) - Circle of competence: John Arrillaga (00:44:32) - Look for anomalies in the market (00:48:42) - Book recommendation: The Joy of Costco 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/35456240
info_outline
Mohnish Pabrai's session with CIBS at University of Cambridge on January 31, 2025
02/20/2025
Mohnish Pabrai's session with CIBS at University of Cambridge on January 31, 2025
Mohnish 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) - Sam Walton (00:36:31) - All knowledge is cumulative (00:38:43) - Nick Sleep 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/35366945
info_outline
Mohnish Pabrai's Talk with GreenHaven Road Partners Fund on October 29, 2024
12/02/2024
Mohnish Pabrai's Talk with GreenHaven Road Partners Fund on October 29, 2024
Mohnish 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) - Success Academy (00:29:10) - Stay focused on the cause (00:31:11) - Micro is more relevant than macro (00:34:33) - Error rate in investing 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/34228525
info_outline
Mohnish Pabrai's Guest Lecture at University of Nebraska, Omaha on October 15, 2024
11/19/2024
Mohnish Pabrai's Guest Lecture at University of Nebraska, Omaha on October 15, 2024
Mohnish 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 (00:45:59) - My journey to investing (00:51:15) - Poor Charlie's Almanack (00:53:13) - Advice for beginners; Be a harsh grader 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/33940977
info_outline
Mohnish Pabrai's Podcast with Kevin (Age 10) and Justin (Age 6) on September 24, 2024
10/21/2024
Mohnish Pabrai's Podcast with Kevin (Age 10) and Justin (Age 6) on September 24, 2024
Mohnish 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 value investor (00:46:47) - Knowledge is cumulative (00:48:15) - My real-life heroes (00:49:52) - Advice for beginners (00:50:47) - Great entrepreneurs of this age 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/33551462
info_outline
Mohnish Pabrai’s Talk at Pan IIT Conference, Toronto in June 2014
09/25/2024
Mohnish Pabrai’s Talk at Pan IIT Conference, Toronto in June 2014
Mohnish Pabrai presentation at Pan IIT Canada, June 2014
/episode/index/show/chaiwithpabrai/id/13791443
info_outline
Mohnish Pabrai’s keynote address at TiECON Southwest on November 9, 2013
09/19/2024
Mohnish Pabrai’s keynote address at TiECON Southwest on November 9, 2013
Mohnish 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/33121827
info_outline
Mohnish Pabrai's Session with YPO Delhi on July 9, 2024
08/09/2024
Mohnish Pabrai's Session with YPO Delhi on July 9, 2024
Mohnish 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 funds (00:36:41) - Be fearful when the world is greedy, be greedy when the world is fearful (00:43:31) - Investing in Coal (00:48:50) - Investing Lessons from Robert Caro (00:52:47) - Selling a stock (00:56:30) - Heinz, See's Candies & Coke 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/32512142
info_outline
Mohnish Pabrai’s Session with CFA Society, United Kingdom on June 12, 2024
08/09/2024
Mohnish Pabrai’s Session with CFA Society, United Kingdom on June 12, 2024
Mohnish 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 asset management business (00:52:57) - TAV Airports (00:57:27) - Coca-Cola Icecek 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/32362387
info_outline
Mohnish Pabrai’s Session with Rotary Bangalore DownTown on June 19, 2024
07/12/2024
Mohnish Pabrai’s Session with Rotary Bangalore DownTown on June 19, 2024
Mohnish 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 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 suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/32112302
info_outline
Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024
06/20/2024
Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024
Mohnish 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 (00:49:25) - Heads I win; Tails I don't lose much (00:51:46) - CONSOL Energy vs. IPSCO (00:57:01) - Value investing (00:59:05) - Impact of macro-economic factors (01:01:13) - Passing on value system to your kids (01:05:01) - Loss aversion: Minimizing risk (01:07:35) - Debt-free businesses are best (01:10:32) - Index investing (01:11:55) - Cryptocurrency (01:12:49) - Knowledge is cumulative 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31825962
info_outline
Mohnish Pabrai's Q&A session with Dakshana Scholars at the JNV Pune on December 25, 2023
06/19/2024
Mohnish Pabrai's Q&A session with Dakshana Scholars at the JNV Pune on December 25, 2023
Mohnish 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 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 suitable for you, do not take into account your particular investment objectives, financial situation, or needs, and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31807252
info_outline
Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024
06/03/2024
Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024
Mohnish 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: Be a harsh grader (01:05:32) - Dhandho Investing: Heads I win, Tails I don’t lose too much (01:07:21) - IPSCO (01:09:09) - Investing in coal (01:10:12) - Private vs. Public auction-driven markets (01:12:53) - Index funds (01:14:20) - What Puddy (of Seinfeld) can teach us about investing! (01:17:21) - Compounding; The rule of 72 (01:22:40) - Berkshire's 12 best decisions; Ajit Jain (01:29:02) - John Templeton: Trouble is opportunity (01:29:56) - Cryptocurrency (01:31:01) - Nick Sleep; Amazon (01:36:21) - The Walton's Family; Walmart (01:37:13) - Reysas (01:42:26) - Capital allocation: Meta (01:44:13) - Elon Musk (01:46:11) - Learnings from Charlie 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31578047
info_outline
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban on December 24, 2023
05/30/2024
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban on December 24, 2023
Mohnish 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 suitable for you, do not take into account your particular investment objectives, financial situation, or needs, and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31527117
info_outline
Mohnish Pabrai's Session at The Investor’s Podcast on April 1, 2024
05/15/2024
Mohnish Pabrai's Session at The Investor’s Podcast on April 1, 2024
Mohnish 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 (00:49:20) - The Dakshana Foundation; 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, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31302202
info_outline
Mohnish Pabrai's Session with MIT's Brass Rat Investments on March 12, 2024
05/01/2024
Mohnish Pabrai's Session with MIT's Brass Rat Investments on March 12, 2024
Mohnish 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 life 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/31069013
info_outline
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Kottayam on December 21, 2023
04/23/2024
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Kottayam on December 21, 2023
Mohnish 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 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 suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30766138
info_outline
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore (Rural) on December 24, 2023
04/23/2024
Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore (Rural) on December 24, 2023
Mohnish 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 life 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30766368
info_outline
Mohnish Pabrai’s session with YPO’s Mosaic Chapter on March 20, 2024
04/15/2024
Mohnish Pabrai’s session with YPO’s Mosaic Chapter on March 20, 2024
Mohnish 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 Charlie's Almanack (00:46:35) - Charlie's inheritance 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30825243
info_outline
Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024
03/22/2024
Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024
Mohnish 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 (00:44:12) - Start your journey early 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30496053
info_outline
Mohnish Pabrai's Session at the SumZero Virtual Investor Summit 2024 on February 8, 2024
03/13/2024
Mohnish Pabrai's Session at the SumZero Virtual Investor Summit 2024 on February 8, 2024
Mohnish 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, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30360428
info_outline
Mohnish Pabrai's Q&A at London School of Economics on January 30, 2024
02/22/2024
Mohnish Pabrai's Q&A at London School of Economics on January 30, 2024
Mohnish 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 Investment Funds (00:38:34) - When to sell a stock (00:41:37) - Ferrari: A rich man's expression of wealth (00:43:37) - AI in investing 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/30062918
info_outline
Presentation and Q&A at FLAME University on December 25, 2023
02/12/2024
Presentation and Q&A at FLAME University on December 25, 2023
Mohnish Pabrai's Presentation and Q&A at FLAME University on December 25, 2023. (00:00:00) - Introduction (00:04:52) - Coca-Cola Icecek vs. Varun Beverages (00:05:45) - Varun Beverages (00:12:47) - Anadolu Efes & Coca-Cola Icecek (00:28:07) - Investing in Turkiye (00:33:02) - Reysas (00:44:01) - Valuations matter - Microsoft (1999-2015) & Coca-Cola (1998-2011) (00:49:30) - Thou shall not have an investing team (00:54:08) - Portfolio sizing (00:55:31) - TAV Airports (01:03:28) - Investing in China (01:05:49) - Selling a stock; Varun Beverages (01:07:56) - Dividends: EFES (01:09:03) - Currency risk with Coca-Cola Icecek (01:11:47) - Evaluation of a business (01:16:23) - Dakshana (01:24:15) - Macro-economic factors in Turkey (01:29:05) - Fiat Chrysler (01:30:56) - Ferrari: The most Incredible Moat (01:42:49) - Investing in global markets (01:45:22) - Friendship with Charlie and Warren (02:02:24) - Rick Guerin (02:16:52) - Nick Sleep 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/29809473
info_outline
Mohnish Pabrai's Interview at Morningstar, The Investor's Mind on December 1, 2023
02/09/2024
Mohnish Pabrai's Interview at Morningstar, The Investor's Mind on December 1, 2023
Mohnish 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, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/29871788
info_outline
Mohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023
01/23/2024
Mohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023
Mohnish 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 Patra Foundation (00:51:59) - Advice to students 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 that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
/episode/index/show/chaiwithpabrai/id/29611643