Mohnish Pabrai's Interview with Weekly on Stocks on June 28, 2023
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- čas přidán 30. 06. 2024
- Mohnish Pabrai's Interview with Weekly on Stocks on June 28, 2023.
00:00:00 Introduction
00:00:58 Learnings from Buffett and Munger
00:04:14 Buffett & Munger: Gifting to friends & family
00:09:09 Being rational
00:17:49 BYD: Chuanfu Wang
00:21:21 Being in alignment
00:22:24 Be a harsh grader
00:27:09 Opportunities in China
00:28:40 Rice Farming led to the Chinese having higher IQs than other races
00:32:57 Moutai
00:37:21 Tencent
00:42:08 Adam Grant: Give and Take
00:44:32 When to sell a stock; Ferrari
00:46:16 Importance of an empty schedule
00:47:51 Invest in great businesses
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It's always a good day when Mohnish uploads
Amen!
Some very good questions were asked in this one.
some rather strange ones as well but overall this felt much more informative than most other interviews, thanks alot.
a lot more informative
This is a masterclass in navigating business discussions in China. Western entrepreneurs looking to venture into China, take note - Mohnish's approach is a textbook example of how to build rapport and win contracts in this dynamic market.
The way he handled every question, especially the sensitive topic of regulation, without making the interviewer lose face, speaks volumes about his deep understanding of the Chinese market and its people.
Mohnish is simply an exceptional individual. When the interviewer tells him that all the fans admire him very much and appreciate his words, he can only praise Charly Munger by saying that they follow him by chance because of how much Charlie is admired in China.
Very good interview, only 18mins in. Marvellous 👍
Wonderful insights. Very interesting and enjoyed watching. Thank you Mohnish sir!
Very good questions. And even better answers.Thx.
Thank you for all your wisdom
Its an absolute pleasure to hear Mohnish sir share his wisdom and experiences with the greats, Thank you !!!
Great insights I learned, especially about Buffet and Munger. Thank You for the sharing your time with us.
Wealth of information. Thank you for sharing.
amazing stuff, hopefully Mohnish makes it to 100 years of age as well!
We now know that the two companies Mohnish was talking about at 47:07 are AMR and CEIX the cheap coal producers 😅
Thank you, Mohnish!
Thank you Mohnish!
Such a wonderful interview!!
thanks, a nice, different kind of interview
Thank you for the wisdom!
Love your interviews
Great insights monish sir.
one of the best interviews of Mohnish, clear and interesting
Loved it like always..
Great info. And FINALY a better mic 🙏
You consider Charlie a god for you and for a good reason, I also do. But don't forget you are also a god for many other investors! Thanks for sharing your knowledge.
Good morning Mohnish, thank You ❤🙏
Love from Bihar India 💛
My brain loves that intro!!! Its like it automatically starts getting ready to absorb some wisdom juices... 🤣
I downloaded that intro and I play it every time I want to cheer up, it creates a cathartic effect on me every time I listen to it.
Amazing information Mohnish! 🔥
Adam Grant - Givers, Takers, Matchers ...keep the Givers and be one too!
That was good. There was some new info you gave out that you haven’t said in previous interviews
Be less rational with family owing to involvement of emotions---Be a giver and cultivate a network of givers...🙏
Awesome as always!! Sad to see Many hnish has less than 100k subscribers while random utibers has 1m+
Did Mohnish and Li Lu sell out of micron because it’s turned loss making again, and their thesis was it will eventually be continually profitable even during the troughs?
I don’t think so. We can never know the exact reasons, but I think there are three reasons why they might have sold. 1) China ban on Micron chips, 2) Samsung lowering the prices to increase market share, 3) Increased CAPEX due to CHIPS act.
Most Chinese stock investors are actually speculators who are lowly educated underclass people. In USA, most investors are upper middle class.
Charlie and Warren are truly exceptional and one of their best character trait "rationality"
They both make decisions based on a prudent analysis of the risks and rewards associated with the game. Irrespective of what's in the bag, a rational investor would have bid a sum that's insignificant commensurate to his net worth because of the paucity of information available
‘Assumption is the mother of all… (I am sure you know the rest of the quote)” - Steven Seagal: Under Siege 2
Rationality is an assumption widely used in micro-economic models in trying to predict human behavior. I deliberately us the word ‘trying’ as we all know that predicting human behavior is exceptionally difficult.
Why then use rationality? The answer is intuitive. It is not absurd to believe that an individual, when presented with choice will choose the one, taking cost into consideration, which will deliver the most benefit.
2:05 Learning by Observation
Hello Mohnish Sir, Hope you are doing fine today. I am big fan of yours. I am also learning and observing the intelligent and smart investors to understand how they manager their money. I am trying to understand there is a record of KRBL buy bulk deal in 2018 but I cant see any sell record. To my surprise position was made at the TOP. Just curious to know how this big position was closed. If you get a chance to see this message, It would be great if you can respond to my query please. Much appreciated
Long Live Monish Sir
Big takeaway: Get rid of most of your friends and upgrade to better ones
This is the advantage/edge that successful, big portfolio managers have over us. If I get rid of all my friends now, I’ll be home with just my dog and wife forever. But that’s okay, I like the edges we have over the big guys better. And besides, we have all the people we need to look up to on CZcams any time, for free with no need to return anything
Both you guys don't take it wrong. High quality people could be poor guys, not from top university. They may not know anything about business or investing but they have some characteristics that we can learn from.(25:15") @@justinbeghly1435
Did he talk about day trading this time?
He spoke great about Micron, Brookfield ,now sold suddenly. Doesn’t seem good.
On the scaling question, conveniently forgot about the digital firewall which allows for domestic competition to thrive.
That’s funny 😂😂😂
Why did he sell 100% of his biggest US holding - Micron?
Amazing man & investor!
please don't edit the conversation like this. Let it be normal paced talk. thanks.
Should look at national IQ rankings for a real redpill.
Mohnish is not making any friends with the corn farmers today 😂
Why would you need a zip pocket on your shoulder?
you should listen to God to never sell maotai
Wow... this is the mopst heavilly edited Monish video I've ever seen. So amny jump cuts.
Lol
Find his grading of people very off-putting. Seems like having Munger as his friend has gone to his head.
Then he talks about only having givers in your life, when he is busy calculating whether somebody is worth anything to him.
Instead, try and be kind.