I've been watching and rewatching the AGM videos and have caught you ask questions in '95 and '99 I believe. One was regarding the Buffett Partnership fee structure which you weren't too sure about. With regards to finding the right time to start your own fund; Munger always gives the Mozart example. A young man goes to Mozart and asks how he can start composing symphonies and Mozart says to him "you're too young to start" and the young man says but Mozart you were even younger. Mozart replies, "Yes, but I wasn't going around asking people's advice on how to do it". A few months ago I asked Mohnish to lunch while he was in Vancouver and got a polite "No" from his assistant. This lesson alone, of saying No has helped me so much in life. As Buffett says, the difference between successful people and extremely successful people is that the latter says "No" to almost everything. It's a pleasure to learn such simple lessons from you and the "Gods" (Buffett and Munger"). Thank you and please keep up the good work! Best, Amir
I love the talk of reciprocation! Thats quite a heavy dose of learning for me and i would watch that quite often to ingest the idea in my brain completely
most people would want to outsource some of the research and meet with more people because being social and doing other things besides reading and researching but thats why everyone cant clone Buffet as well as you Mohnish
What was the name or reference to the book you mentioned in minute 30? I tried looking for it on amazon and google under 'Friend watching' and nothing has come up. Thanks in advance
At 37 minute's, he talks cloning without research could give you errors but I also heard him say if you copied Warren buffet for 30 years, you'd outperform the market. So which is it?
What? I thought all this time Warrenbuffet use Discounted cash flow to measure a company, and now he is telling that never use DCF, I m so confused, somebody pls explain if im wrong or there is something I missed, Sorry my bad English
My Muay Thai coach would always say "and keep your hands up" after explaining a technique. When someone asked him why he kept repeating it , he said " because it's important".
Warren and Charlie have been saying the same thing for 60 years and it’s more enjoyable than ever to hear them speak. Mohnish is also a joy to listen to.
I've been watching and rewatching the AGM videos and have caught you ask questions in '95 and '99 I believe. One was regarding the Buffett Partnership fee structure which you weren't too sure about. With regards to finding the right time to start your own fund; Munger always gives the Mozart example. A young man goes to Mozart and asks how he can start composing symphonies and Mozart says to him "you're too young to start" and the young man says but Mozart you were even younger. Mozart replies, "Yes, but I wasn't going around asking people's advice on how to do it".
A few months ago I asked Mohnish to lunch while he was in Vancouver and got a polite "No" from his assistant. This lesson alone, of saying No has helped me so much in life. As Buffett says, the difference between successful people and extremely successful people is that the latter says "No" to almost everything. It's a pleasure to learn such simple lessons from you and the "Gods" (Buffett and Munger"). Thank you and please keep up the good work!
Best,
Amir
Two Mohnish videos in a week???! Yes!
there is one more coming :)
Aamir Sayani 😮
I love the talk of reciprocation! Thats quite a heavy dose of learning for me and i would watch that quite often to ingest the idea in my brain completely
Mohnish! Thank you for these lectures!!!!!
This was one of the best ones yet!!
Thanks a lot sir. I got a lot of inspiration from you.
I have only one compelling reason to have this device , It is to Listen to u Sir..❤
i was like wow moment when you started to explain about behavioral bias.. Thanks much for the lecture.
1hour :07 Minutes onwards is also gr8 !
most people would want to outsource some of the research and meet with more people because being social and doing other things besides reading and researching but thats why everyone cant clone Buffet as well as you Mohnish
excellent vedio .Thanks Mohnish.
Mohnish you are amazing! i am so greatful for ur wisdom! Wish u would carry on Berkshire!
Interesting talks.
I just wanted to confirm is this the below book is referred
Poor charlie's almanack
Yes
Thanks for putting this up Monish.
Love from Bihar,India 💛
Hello ..I'm from Siwan , Bihar ...hope we can communicate
What was the name or reference to the book you mentioned in minute 30? I tried looking for it on amazon and google under 'Friend watching' and nothing has come up. Thanks in advance
Trend watching by Ron insana
Minute 49 : From there onwards it gets extremely interesting !! :-) Gr8 guy this Mr. Pabrai ! +++
1:01:50
Appeal to self interest not reciprocity .. 48 laws of power
Very good interacting session sir.
Li Lu turned 20K into 900K while at Columbia?
one of the lesser known legends!
thank u sir
Love johnny!
Could someone please link the video he’s talking about in the beginning? Thank you
czcams.com/video/9tGjXPhnp-s/video.html
At 37 minute's, he talks cloning without research could give you errors but I also heard him say if you copied Warren buffet for 30 years, you'd outperform the market. So which is it?
What? I thought all this time Warrenbuffet use Discounted cash flow to measure a company, and now he is telling that never use DCF, I m so confused, somebody pls explain if im wrong or there is something I missed,
Sorry my bad English
oswm as usuall
Robert green 48 laws of power
Once you have over $10m, you can say or do whatever you want re money management for others, etc. These are ultra-high class problems.
Pabrai made video lectures famous before Covid!
Shameless cloner here!
Ruchi soya story plzzz
very redundant.. he repeats same thing in every talk..
why should a great strategy need to frequently change?
My Muay Thai coach would always say "and keep your hands up" after explaining a technique. When someone asked him why he kept repeating it , he said " because it's important".
Peter Sanchez love it
Warren and Charlie have been saying the same thing for 60 years and it’s more enjoyable than ever to hear them speak. Mohnish is also a joy to listen to.
LongTermCap completely agree!