Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University - March 4, 2021
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- čas přidán 30. 06. 2024
- Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University.
00:00:00 Introduction
00:01:28 Starting of Pabrai Funds
00:06:06 Long term compounders
00:07:07 International Investment
00:11:38 Biggest reason Investments don’t work is debt.
00:14:17 DELTA Financial: Avoid Leveraged Businesses
00:15:42 Competitive Advantages
00:17:22 Dakshana Foundation
00:20:41 Value investing
00:25:08 Money manager
00:30:22 Rules for investors in Pabrai Funds
00:37:00 Stock picking
00:40:17 Seritage stock
00:44:41 Quality of a business
00:48:15 Ideal number of stocks
00:49:10 Understanding a business
00:53:40 Market trends
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.
“What’s the point of being independently wealthy if you can’t do things your way?”
~ Mohnish Pabrai
We are getting a talk a week now, this is amazing. Thank you Mohnish.
The analogy of the theatre on fire was the best investing analogy ive ever heard! Thank you so much.
Who is this Lee is being spoken about? Can somebody pls guide. TIA.
@@geezeweezebabypls Li Lu
Thank you, Mohnish! We love these talks.
Your on a roll this year Mohnish, I have been getting a ton of value from these chats.
What a load of BS.
@@loveanimals-0197 what is it you don't like about these chats mate? I think they are great.
@@Neil.Denize He's probably long GME, Bitcoin and Tesla.
@@andrewmeyer1224 Hahaha, your probably right mate
@@andrewmeyer1224 what’s wrong with being long Tesla if u plan on holding it for 20+ years? Dollar cost average it?
Absolutely love every video Monish does, just awesome. The theater fire example was perfect!
Biggest investment mistakes by great investors : 1. leverage 2. misunderstanding of Moat 3. mgmt issues
Loved the way you explained the concept of "Theatres on Fire"!!
Thank You sharing.
Always a great pleasure hearing your wisdom and learning from your experience. An addict of watching movies in theaters caught in fire.
Very informative. His investors can’t meet him but we can. Let that sink in.
I am in Nirvana. So many valuable interviews lately. Thanks Mohnish!!!!!!
Thank you Mohnish !! a lot of thoughts for us to ponder over as we make our investment decisions :)
Great session, Mohnish. I know Warren Buffett wants to be remembered as a teacher. I hope you are too, because if you keep this type of sessions going I will be pointing at you as one of my most important influencers!
Always learn something new when I watch you give these lectures.
Thanks Monish, always look forward to watching you speak
Mohnish i like the principles that you operate your portfolio on. Always I learn quite a lot watching your interview. I like the calmness and ease with which you answer questions.
Thanks for these upload mania's you are truly gr8 mohnish
Great insights, I love every advice!! Thank you
Such a great talk and discussion Mohnish. I sincerely appreciate you sharing all your knowledge with the "value" investing community! Loved your answer and explanation on buying SRG! :)
Well, he didn't say WHY he likes it in terms of the company, only in terms of the price.
Thank you Mohnish for sharing all those experiences. That knowledge is very valuable.
Thanks for enlightening us mohnishji!
Absolutely fascinating. The lesson using the McDonalds analogy aka ‘lead qualification for your idea customers’ is spot on. Quality over quantity.
The best point of the lecture:
Don't consider opening a fund if you can't even make yourself rich by investing.
Thanks Monish for great insight into investing as always
I love your talks sir!
Thank you Mohnish sir..
Great pieces of advice
thanks for sharing you knowledge.
Please make one dedicated video on what should we read to get such an insights. Please recommend some books on accounting. I have read almost 6 or 7 books that you have marked as strongly recommended. I think I lack in accounting and in depth knowledge. Thank you Mohnish ji.
Some really great concepts in the talk.
Let your winners run!
Circle of competence
No more than 10 stocks
Find undervalued long term compounders.
Will the company earn more in 5 years than now?
Ignore macro. Focus on the business
Great vid, thanks again Mr. Pabrai. Now whenever I see the big “M” I think Mohnish instead of McD
Mohnish is on 🔥🔥🔥😆!
Love this content
Can't tell if Mr. Collins is nervous or just a little under-prepared, but he sounds like a Lit 101 student interviewing Shakespeare...
Great talk! It’s amazing how open Mr. Pabrai is. So many gems 💎
Can someone please explain how he has less than 30k subscribers?
Story and progress of Dakshana is amazing. One of the best examples of effective capital allocation
Loved reading the AR!, fantastic YoY output with declining costs Or in simpler terms the RoCE is infinite here
Great mohnish sir
I'm always looking for theaters on supposed fires, I can't help myself... 😅
Dakshana foundation is great
Mohnish pabrai is great
Great
I very much enjoyed this presentation. I am one of those principals you mention who built and sold a business. I am currently managing my own funds. While I enjoy doing that I find it quite stressful. I am being very cautious (less than half of my funds in equities). I am still concerned that the behavior I see from many investors is purely irrational and risks another crisis like those we have witnessed at roughly ten year increments. I don't like sitting on my hands but it does seem like a wise time to do that. I may contact you to see if there are any seats left in the theatre.
great
Yes! More Pabrai wisdom. Today's a good day!
Topics:
Starting a fund
Be a continuous learning machine
All info is cumulative
As you get older you'll get better unlike Basketball etc.
Nic Sleep perspective
Buying long term compounders
Looking at international businesses - Seoul, Turkey etc.
Best lessons come from the losers
Pre-investment checklist - Leverage & misunderstanding the most & issues with management being the biggest cause of failures
How to look for competitive advantage? You'd see it in the revenue, growth & cash flow.
What are the prospects of the business? Is it growing?
You should be independently wealthy before you manage money. If you're good, they (investors) will find you.
Circle of competence
Seritage Growth Properties - how stock market is like a theater
Is the business getting better?
As long as the business is doing well and the price is not extremely egregious, I'm doing nothing (holding)
We should be comfortable with 95% in one stock. For eg: AMZN
Portfolio sizing: personal accounts - 4-5, fund - 10
What's happening in markets is irrelevant. Not focused on the market. Just focused on individual businesses.
Nice
First
I expected you here :)
Best time of the month
@@PickingNuggets I hope this keeps up monthly! Pabrai has a lot more time now that he can just buy and hold forever 👏
Waiting for your takeaways video on this
Will wait for your dissection on this.
30:00 asking question about how he attracted or kept new crops of investors
Never heard of the Buffett quote with Jesse Owens. Does someone has the source? It is a great quote.
If I remember correctly, He quoted in one his interview with college students with Bill gates!
Mr. Monish , i know you are the early investor of IEX. Now IEX has grown large and more popular stock. IGX also upcoming subsidiary business . Huge runway . I wonder, you reduce your stack in the company. Did you get better option...
Who is the green man behind Chris Matturi at 20:45 mins. Lmao 🤣🤣🤣
Does anyone know what type of MBA class this is?
Time saver: 40:00 - THEATER ON FIRE
What about Bitcoin as an asset class? Buffet was late to technology, so he may not be your ideal god father here. I am invested in SRG, thanks to you.
Who is this Nicks Lee he is talking about?
long-term thinking like an owner and everyone is asking what the market will do in the next 3 months. how useless.
You can only run out from the burning theatre if someone buys ur ticket, u can't just vacate the seat and run out. Seats have to be fully occupied at all times.
👌👌👌🙏🙏
Charlie Munger's bust behind him.
20:42
ꪜꫀ𝘳ꪗ ꪀꪗᥴ....𝗠𝗼𝗵𝗻𝗶𝘀𝗵 𝘀𝗶𝗿 𝗴𝗿𝗲𝗮𝘁 ✌️✍️
Eventually the theater will burn. Lol
Stick with the moat and sleep counting golden sheeps.
The combative swan microbiologically nail because structure univariately clip astride a easy slime. quack, spotty theater
Srg is garbage no fundamentals. Makes no sense unless he is looking only at liquidation.