Mohnish Pabrai: Value Investing

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  • čas přidán 17. 06. 2024
  • Click here to download your FREE list of 4 SIMPLE STEPS to TAKE CONTROL OF YOUR PERSONAL FINANCES AND LIFE: www.theinvestorspodcast.com/s...
    Stig Brodersen talks with famous value investor Mohnish Pabrai. They explore Mohnish Pabrai's new investment framework and how retail investors can clone it.
    IN THIS EPISODE, YOU'LL LEARN:
    0:00:00 - Intro
    0:00:28 - Why 2020 has been the year where Mohnish Pabrai learned the most since he found Warren Buffett in 1994
    0:17:26 - Why the Spawning framework is, and why it’s better than buying back shares
    0:23:03 - Where Mohnish would like to add to his circle of competence with no time cost
    0:35:51 - Why watching paint dry is the core of being a great investor
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Komentáře • 87

  • @pratikjain4704
    @pratikjain4704 Před 2 lety +8

    This is hands down one of the best content!

  • @anisg19
    @anisg19 Před 2 lety +3

    Thanks for sharing such invaluable knowledge. Very educational.

  • @watchingtube1874
    @watchingtube1874 Před 3 lety +15

    Much harder to do than described. Like buffet just said, there was thousands of companies in car industry in early 1900 but only 3 is left. Selecting the very few that will end up dominating is extremely hard.

  • @hitheshmangalore5150
    @hitheshmangalore5150 Před 3 lety +3

    Thanks for this podcast. Very Interesting & look forward for more of these.

  • @robertoespinoza5158
    @robertoespinoza5158 Před 3 lety +12

    Could you include a timeline to navigate in the content?

  • @sundarraman6206
    @sundarraman6206 Před 3 lety +1

    Great conversation.
    Enjoyed it

  • @agarwaltaron
    @agarwaltaron Před 2 lety

    Awesome !!

  • @kevalbhagat8973
    @kevalbhagat8973 Před 2 lety +2

    please make english subtitle available.. My humble request..It will help me a lot! thank you :)

  • @vpnconsult
    @vpnconsult Před 3 lety +16

    This was educational

  • @BradKaellner
    @BradKaellner Před 3 lety +12

    Time to kick back and watch the SRG movie 🎥 🍿

  • @basamnath2883
    @basamnath2883 Před 2 lety +1

    I respect Mr Pabrai. I see on CZcams successful people talking about value investing after they achieved success by taking lots of risk in growth stocks. What is the use of investing in stocks like T, INTC etc for dividends and value when there is missed opportunity in growth stocks like MSFT, ADBE or ADSK, crm? I don't think that value investing is for everyone. A 20 year old is better of investing in high growth, high risk companies than investing in stocks like T where the stock doesn't move anywhere. Value investors claim about the dividends those companies give. But back testing of companies like T shows otherwise.

  • @nikhilmarne5129
    @nikhilmarne5129 Před 2 lety +4

    Backable, ceasers palace coup are two books he mentioned in podcast. Took 30 minutes to figure out. 😂

  • @hanbowang3820
    @hanbowang3820 Před 2 lety

    What’s the name of the documentary he mentioned? I can’t seem to find it on Netflix

  • @pbd6966
    @pbd6966 Před 2 lety

    i am looking for more content on how to determine great businesses.

  • @uttamdutta9868
    @uttamdutta9868 Před 3 lety +5

    Great insight. But a small clarification if you Pls. Monish Pabrai says every stock sell is an admission of mistake. But how to bankroll fresh acquisitions without selling ? How much fresh funds can be infused ?

  • @angadsingh3267
    @angadsingh3267 Před 2 lety

    Absolutely spectacular 👌🏻

  • @JamesToler
    @JamesToler Před 2 lety

    Beautiful Mohnish

  • @carlmannhard8051
    @carlmannhard8051 Před 2 lety

    Does anyone know what the Turkish company is that he is talking about? Is it Reysas?

  • @thenon-gaapbillionaire3306

    Do they talk about alibaba?

  • @investingdeepvalue482
    @investingdeepvalue482 Před 2 lety

    Patience is key for value investing .....I have something good on deep value investing.

  • @vcash1112
    @vcash1112 Před 3 lety

    💯

  • @VadimChes
    @VadimChes Před 2 lety

    Why there is no english subscripts?

  • @heals630
    @heals630 Před 3 lety +5

    That personality test sounds very thorough ....anyone know of a similar thing today?

  • @ujjwaltripathi1178
    @ujjwaltripathi1178 Před 2 lety

    Anyone knows which Turkish company is this?

  • @TheInvestorsPodcastNetwork

    Who should we invite next? :)
    Quick side note: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

    • @sheanathan3566
      @sheanathan3566 Před 3 lety +3

      That was excellent. You really got Mohnish to open up about so many things. After listening to this I would love to hear more from Nick Sleep and what he would invest in today. Cheers! -Nathan

    • @samul1997
      @samul1997 Před 3 lety +9

      Li Lu

    • @KubazTKDLBL
      @KubazTKDLBL Před 3 lety +3

      Chris Mayer:)

    • @MufasaRoyale
      @MufasaRoyale Před 3 lety +2

      Nick Sleep

    • @honeyjain6655
      @honeyjain6655 Před 2 lety +1

      Stan drukenmiller or peter lynch

  • @yoshtakeuchi
    @yoshtakeuchi Před 2 lety

    13:44-23:00

  • @nikhilarora7388
    @nikhilarora7388 Před 3 lety

    Which book changed his life ? Can you pls share the name of the book

    • @arjansingh6797
      @arjansingh6797 Před 3 lety +4

      One up on wall street by Peter Lynch

    • @garysmith9321
      @garysmith9321 Před 2 lety +1

      I think, in previous videos, he has mentioned The Intelligent Investor by Benjamin Graham. I have read the book several times and it still holds true today. It is funny to note that a common sense approach to investing is contrarian. The down side to common sense investing is boredom. There is no "buy, buy, buy" and "sell, sell, sell".

    • @nikhilmarne5129
      @nikhilmarne5129 Před 2 lety +2

      Backable, ceasers palace coup are two books he mentioned in podcast. Took 30 minutes to figure out. 😂

  • @meditationnostalgia7136
    @meditationnostalgia7136 Před 2 lety +2

    Watch the paint dry until 90?

  • @roromaka
    @roromaka Před 2 lety +4

    Seems like he changes his strategy/framework every year or two. Always fighting the last battle.

  • @kurtcooper3699
    @kurtcooper3699 Před 2 lety +3

    I have news for u! U r who u r because God has called u by name from the womb & u r already designed for the perfect will of God in your life time. It's mankind's sin & the enemies rights to influence our choice from right 2 wrong that twist the outer man from his inner spirit which is meant to fellowship with God. Your a spirit being. If your flesh is competing & winning your eternal is @ odds constantly. If your inner man is @ peace the outer man must conform. That's God's creation & its every one who calls upon the name of God. The walks of life.
    The end game will never involve cash holdings as a goal. The ultimate investment is in heaven which by the way holds your wealth in eternity!
    Be blessed one & all.

  • @rmandava
    @rmandava Před 3 lety

    CD w

  • @thijs8954
    @thijs8954 Před 3 lety +1

    Thank you for a fantastic interview, packed with great insights. And you guys made me laugh out loud a few times, what more can one want.
    And I just knew Mohnish was going to say AI. They say software is eating the world, well I think AI is going to devour it.
    Which brings me to my next point, Tesla is not overvalued at all, in fact it is what you would call an "apex spawner". After having researched the company and its competition for more than four years I am still a happy owner. I did not sell one share even after my investment was a fifteenbagger (when Tesla was at 900).
    Anyway thanks again, I thoroughly enjoyed the conversation !

    • @thijs8954
      @thijs8954 Před 3 lety

      @@gregorymannarino4838 No thanks :)

  • @addyleman7068
    @addyleman7068 Před 3 lety

    Right what I don't like and find not practical is his timeframes. Oh i'll buy X business and wait 10-20 years. This is unrealistic and a way to comfortably ignore actual business changes and instead just "bet" on the market indices rising and the company staying alive to benefit from indice related appreciation.

    • @jayangli
      @jayangli Před 2 lety

      Addy I think what he means is to really make the big money in stocks we have to wait.

  • @xushenxin
    @xushenxin Před 2 lety

    so who is Nick?

  • @GeorgetheArchitect
    @GeorgetheArchitect Před 2 lety

    Why does Stig talk like he is writing a formal letter?

    • @ThorRavnsborg
      @ThorRavnsborg Před 2 lety

      I'm not exactly sure what you are referring to but his accent is Danish (sounds like he's from the Jutland peninsula if I'm not mistaken). I'm able to hear that since I'm Danish too.

  • @mertyesilgoren6043
    @mertyesilgoren6043 Před 2 lety

    I dont know how come mohnish recommend turkish stock market. It is very cheap in terms of p/e ratios but turkish lira losing its value over time. And there ara no good stock market habits in turkey evren if you buy the greatest bargain, for making it 10x you need other people to sell it but in turkey people dont buy and hold. And number of investors are not many . They prefer us stocks

  • @guyredares
    @guyredares Před 2 lety

    isn't this the duck face who told everyone o buy BABA?

  • @meditationnostalgia7136

    Einhorn? Hahahaha

  • @mydutube
    @mydutube Před 3 lety +3

    Watch Pabrai’s presentation at Carrol School of Management from December 2015. He said Tesla was overvalued, and GM was a better investment. Lol.. That didn’t age well - at all. Now 5 years later he again talks down Tesla. Cognitive dissonance much?

    • @xiaoyuyuan5661
      @xiaoyuyuan5661 Před 3 lety +2

      well,did you hold Telsa for the last five years? It is so easy to say it now. Few can hold onto such a fluctuating stock

    • @mydutube
      @mydutube Před 3 lety +1

      @@xiaoyuyuan5661 I’m holding it for last 3 years and not gonna sell for another 5 years at least. I mostly invest in hyper-growth stocks so fluctuations don’t scare me as long as business execution remain strong.

    • @kingzion3032
      @kingzion3032 Před 3 lety +1

      @@mydutube yes buddy understand that there are always outliers. Tesla was an outlier, using all conventional mechanisms and even fundamental mechanisms of valuing a business Tesla was grossly overvalued. Actually it is still overvalued but the hype out paced the fundamentals - this happens once in a moon and those stocks fly. Mathematically Tesla is not worth $500 billion. You need to 75x it’s earnings. Hence a speculative business.

    • @mydutube
      @mydutube Před 3 lety +2

      ​@@kingzion3032 yes, it sure is an outlier for "conventional mechanisms" of "value" investors. Investing is much more than looking at numbers in the rearview mirror. It requires multidisciplinary approach to thinking. Things like understanding the true potential of a new technological and scientific advancements, doing techo-economic assessments, forecasting cost declines, tech-adoption life cycles, tracking socio-economic trends, understanding company cultures, nature of competition, rate of innovation, r&d efficiency, economic moats, data network effects, operating leverage, product/service quality assessment, relative value propositions of product/service etc. Thinking in probabilities instead of analogies is much more prudent. Tesla is perpetually "overvalued" to people who only look at numbers and/or fall victim to popular-media narratives - not saying you are one of those people. I'm just saying identifying exceptional outliers with high degree of confidence is possible and then they won't look like outliners in the constantly changing world.

    • @kingzion3032
      @kingzion3032 Před 3 lety +1

      @@mydutube don’t count your chicken yet unless you have sold for a profit. If you have not then come back to me in 2025 and let’s see what Tesla is doing as a a business. My value investor hat tells me that they will not be successful in the long term and that by 2027 they will now a longer exist as serous blue chip stock. Don’t confuse luck with genius. Buying Tesla in 2016 like I did was a gamble, not investing.

  • @arnibah
    @arnibah Před 2 lety

    Donald Trump bankrupted his casino.

  • @MetalBum
    @MetalBum Před 3 lety +1

    Buy Ethereum it’s highly undervalued relative to the total locked value in DeFi