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.

Komentáře • 81

  • @loocheek
    @loocheek Před 3 lety +32

    “What’s the point of being independently wealthy if you can’t do things your way?”
    ~ Mohnish Pabrai

  • @LearningWithAnishSrinivas
    @LearningWithAnishSrinivas Před 3 lety +18

    We are getting a talk a week now, this is amazing. Thank you Mohnish.

  • @benjaminb4056
    @benjaminb4056 Před 3 lety +37

    The analogy of the theatre on fire was the best investing analogy ive ever heard! Thank you so much.

    • @geezeweezebabypls
      @geezeweezebabypls Před 3 lety

      Who is this Lee is being spoken about? Can somebody pls guide. TIA.

    • @NK-mr3rh
      @NK-mr3rh Před 3 lety

      @@geezeweezebabypls Li Lu

  • @cjwilso
    @cjwilso Před 3 lety +34

    Thank you, Mohnish! We love these talks.

  • @Neil.Denize
    @Neil.Denize Před 3 lety +34

    Your on a roll this year Mohnish, I have been getting a ton of value from these chats.

    • @loveanimals-0197
      @loveanimals-0197 Před 3 lety +2

      What a load of BS.

    • @Neil.Denize
      @Neil.Denize Před 3 lety +3

      @@loveanimals-0197 what is it you don't like about these chats mate? I think they are great.

    • @andrewmeyer1224
      @andrewmeyer1224 Před 3 lety +2

      @@Neil.Denize He's probably long GME, Bitcoin and Tesla.

    • @Neil.Denize
      @Neil.Denize Před 3 lety +1

      ​@@andrewmeyer1224 Hahaha, your probably right mate

    • @emmanuelwinans329
      @emmanuelwinans329 Před 3 lety

      @@andrewmeyer1224 what’s wrong with being long Tesla if u plan on holding it for 20+ years? Dollar cost average it?

  • @scottdawson9987
    @scottdawson9987 Před 3 lety +8

    Absolutely love every video Monish does, just awesome. The theater fire example was perfect!

  • @vigeendharan8502
    @vigeendharan8502 Před 3 lety +10

    Biggest investment mistakes by great investors : 1. leverage 2. misunderstanding of Moat 3. mgmt issues

  • @entrepreneurliberty9021
    @entrepreneurliberty9021 Před 3 lety +4

    Loved the way you explained the concept of "Theatres on Fire"!!
    Thank You sharing.

  • @AlmofidBdarija
    @AlmofidBdarija Před 3 lety +1

    Always a great pleasure hearing your wisdom and learning from your experience. An addict of watching movies in theaters caught in fire.

  • @randomsitisee7113
    @randomsitisee7113 Před 3 lety +6

    Very informative. His investors can’t meet him but we can. Let that sink in.

  • @bradleyhope3652
    @bradleyhope3652 Před 3 lety +1

    I am in Nirvana. So many valuable interviews lately. Thanks Mohnish!!!!!!

  • @vigeendharan8502
    @vigeendharan8502 Před 3 lety +2

    Thank you Mohnish !! a lot of thoughts for us to ponder over as we make our investment decisions :)

  • @Kasamish
    @Kasamish Před 3 lety +3

    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!

  • @alexinvests
    @alexinvests Před 3 lety

    Always learn something new when I watch you give these lectures.

  • @Jayeshsandhu
    @Jayeshsandhu Před 3 lety

    Thanks Monish, always look forward to watching you speak

  • @mnckumar
    @mnckumar Před 3 lety

    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.

  • @sathyapranesh788
    @sathyapranesh788 Před 3 lety

    Thanks for these upload mania's you are truly gr8 mohnish

  • @rajenderlather
    @rajenderlather Před 3 lety

    Great insights, I love every advice!! Thank you

  • @espositojp
    @espositojp Před 3 lety +1

    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! :)

    • @lorenzmuller3542
      @lorenzmuller3542 Před 3 lety

      Well, he didn't say WHY he likes it in terms of the company, only in terms of the price.

  • @franki01mail
    @franki01mail Před rokem

    Thank you Mohnish for sharing all those experiences. That knowledge is very valuable.

  • @yashmishra3385
    @yashmishra3385 Před 3 lety

    Thanks for enlightening us mohnishji!

  • @jameswalker366
    @jameswalker366 Před 3 lety

    Absolutely fascinating. The lesson using the McDonalds analogy aka ‘lead qualification for your idea customers’ is spot on. Quality over quantity.

  • @hassanamghar3031
    @hassanamghar3031 Před 3 lety +13

    The best point of the lecture:
    Don't consider opening a fund if you can't even make yourself rich by investing.

  • @npolitis4057
    @npolitis4057 Před 3 lety

    Thanks Monish for great insight into investing as always

  • @ilkethegreat
    @ilkethegreat Před 3 lety +1

    I love your talks sir!

  • @biswadebbhunya4999
    @biswadebbhunya4999 Před 3 lety

    Thank you Mohnish sir..

  • @ims7865
    @ims7865 Před 3 lety

    Great pieces of advice

  • @qaisurrehman
    @qaisurrehman Před 3 lety

    thanks for sharing you knowledge.

  • @dhariwalnaturals
    @dhariwalnaturals Před 3 lety +2

    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.

  • @thewarrenbuffettspreadsheet

    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

  • @liltunafish1471
    @liltunafish1471 Před 3 lety

    Great vid, thanks again Mr. Pabrai. Now whenever I see the big “M” I think Mohnish instead of McD

  • @YAPSS
    @YAPSS Před 3 lety +2

    Mohnish is on 🔥🔥🔥😆!

  • @meganmcdonald5229
    @meganmcdonald5229 Před 3 lety

    Love this content

  • @dudebro97
    @dudebro97 Před 3 lety +18

    Can't tell if Mr. Collins is nervous or just a little under-prepared, but he sounds like a Lit 101 student interviewing Shakespeare...

  • @angiefan2481
    @angiefan2481 Před 3 lety

    Great talk! It’s amazing how open Mr. Pabrai is. So many gems 💎
    Can someone please explain how he has less than 30k subscribers?

  • @piyushjain9929
    @piyushjain9929 Před 3 lety

    Story and progress of Dakshana is amazing. One of the best examples of effective capital allocation

    • @piyushjain9929
      @piyushjain9929 Před 3 lety

      Loved reading the AR!, fantastic YoY output with declining costs Or in simpler terms the RoCE is infinite here

  • @theviralfacts100
    @theviralfacts100 Před 3 lety

    Great mohnish sir

  • @henriquetraeselengelmann9419

    I'm always looking for theaters on supposed fires, I can't help myself... 😅

  • @theviralfacts100
    @theviralfacts100 Před 3 lety

    Dakshana foundation is great
    Mohnish pabrai is great

  • @Infinitewealthstrategy

    Great

  • @Miata822
    @Miata822 Před 3 lety

    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.

  • @investireocaminho33
    @investireocaminho33 Před 3 lety

    great

  • @grizz112
    @grizz112 Před 3 lety

    Yes! More Pabrai wisdom. Today's a good day!

  • @rajrsa
    @rajrsa Před 2 lety +1

    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.

  • @InvestingEducation
    @InvestingEducation Před 3 lety

    Nice

  • @BradKaellner
    @BradKaellner Před 3 lety +9

    First

    • @drsagarrv
      @drsagarrv Před 3 lety +1

      I expected you here :)

    • @PickingNuggets
      @PickingNuggets Před 3 lety +1

      Best time of the month

    • @BradKaellner
      @BradKaellner Před 3 lety +4

      @@PickingNuggets I hope this keeps up monthly! Pabrai has a lot more time now that he can just buy and hold forever 👏

    • @gauravkaushik04
      @gauravkaushik04 Před 3 lety +1

      Waiting for your takeaways video on this

    • @cricbuzz1123
      @cricbuzz1123 Před 3 lety +1

      Will wait for your dissection on this.

  • @hungphutr
    @hungphutr Před 3 lety

    30:00 asking question about how he attracted or kept new crops of investors

  • @marcb934
    @marcb934 Před 3 lety +1

    Never heard of the Buffett quote with Jesse Owens. Does someone has the source? It is a great quote.

    • @novelentertainment5285
      @novelentertainment5285 Před 3 lety +2

      If I remember correctly, He quoted in one his interview with college students with Bill gates!

  • @pabdulhakkeem
    @pabdulhakkeem Před 3 lety

    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...

  • @krishsisodia
    @krishsisodia Před 3 lety +1

    Who is the green man behind Chris Matturi at 20:45 mins. Lmao 🤣🤣🤣

  • @samuelgoldberg3318
    @samuelgoldberg3318 Před 2 lety

    Does anyone know what type of MBA class this is?

  • @chalapathikumaryarlagadda

    Time saver: 40:00 - THEATER ON FIRE

  • @anonranger6428
    @anonranger6428 Před 3 lety +1

    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.

  • @geezeweezebabypls
    @geezeweezebabypls Před 3 lety

    Who is this Nicks Lee he is talking about?

  • @warrenbuffettsuccess3355
    @warrenbuffettsuccess3355 Před 3 lety +1

    long-term thinking like an owner and everyone is asking what the market will do in the next 3 months. how useless.

  • @vks7609
    @vks7609 Před 3 lety +1

    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.
    👌👌👌🙏🙏

  • @adityashukla2132
    @adityashukla2132 Před 3 lety +3

    Charlie Munger's bust behind him.

  • @dhanaprashad8934
    @dhanaprashad8934 Před 3 lety

    20:42

  • @bhuvnesh_kumar_meena9444

    ꪜꫀ𝘳ꪗ ꪀꪗᥴ....𝗠𝗼𝗵𝗻𝗶𝘀𝗵 𝘀𝗶𝗿 𝗴𝗿𝗲𝗮𝘁 ✌️✍️

  • @parulu289
    @parulu289 Před 2 lety

    Eventually the theater will burn. Lol
    Stick with the moat and sleep counting golden sheeps.

  • @user-dq3xq6ls7d
    @user-dq3xq6ls7d Před 3 lety

    The combative swan microbiologically nail because structure univariately clip astride a easy slime. quack, spotty theater

  • @parulu289
    @parulu289 Před 2 lety

    Srg is garbage no fundamentals. Makes no sense unless he is looking only at liquidation.