Chai with Pabrai

Mohnish Pabrai's Interview at The Money Mindset with Sonia Shenoy on February 15, 2025. (00:00:00) - Introduction (00:01:20) - I am a single-player game player (00:03:01) - My friendship with Buffett and Munger (00:04:52) - Lunch with Warren Buffett (00:10:39) - Rick Guerrin (00:13:29) - Lessons learnt from Warren; The Inner scorecard (00:18:12) - Marcus Aurelius; The stoic philosophy (00:22:06) - Wealth is lost, nothing is lost; Health is lost, something is lost; Character is lost, everything is lost (00:26:05) - Index Funds (00:29:23) - Nifty-50; Walmart (00:32:53) - Patience is the best skill in investing; Infosys & Microsoft (00:36:04) - Separate a signal from the noise (00:37:52) - Selecting a stock; Warren's too-hard pile (00:41:14) - Investing in Turkiye; Reysas (00:46:39) - Look for illusionary smoke in the market (00:50:46) - Follow your passion in life (00:52:43) - Give meaning to life (00:55:34) - Money doesn't bring happiness (00:59:28) - Key lessons in life (01:05:54) - Good parenting is a key responsibility  The contents of this website 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.

Mohnish Pabrai's Q&A session with Dakshana Scholars at Dakshana Valley, Pune on December 26, 2024.   (00:00:00) – Introduction (00:00:33) - Starting Without All Answers; Super 30 Model (00:05:08) - Dakshana's breakthrough with NVS (00:09:19) - Helping Millions Through Innovation (00:13:38) - Infinite Vision: Arvind Eye Care (00:20:53) - Trust builds unbeatable business models; Costco & DMart (00:26:43) - Your deepest desire is destiny (00:29:59) - Cloning and trustworthiness are the best mental models (00:35:45) - Power of compounding (00:41:39) - Think small, scale later effectively (00:44:03) - Great entrepreneurs start with nothing (00:44:50) - Honesty is the most lucrative policy  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.  

Mohnish Pabrai's Q&A session with Dakshana Scholars at JNV Lucknow on July 14, 2024. (00:00:00) – Introduction (00:00:32) - Adam Smith and David Ricardo  (00:04:03) - Success story of India's shrimp industry  (00:09:24) - MSP and farm laws; India vs USA (00:14:37) - Japan's rapid post-war development (00:20:01) - Givers, Takers, Matchers & Dakshana (00:26:13) - Rule of 72 (00:31:53) - Robert Caro: Relentless research, unrivalled narrative (00:33:35) - Dakshana's Mission: Empowering Underprivileged Students (00:37:31) - Secret to success: Focus (00:41:42) - Upanishads on true desire  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.  

Mohnish Pabrai's Interview at the Capital Compounders Show on February 25, 2025. (00:00:00) - Introduction (00:00:53) - Move to Austin, Texas (00:09:52) - Age is just a number (00:11:27) - The Dakshana Foundation: A math game (00:15:57) - My 4 games – Bridge, Dakshana, Compounding & Golf (00:17:11) - Bridge with Warren & Charlie (00:21:46) - Bridge teaches probabilistic thinking (00:23:48) - Mosaic: Perspectives of Investing (00:24:44) - Cloning is the best mental model: Sam Walton & Bill Gates (00:31:29) - Sam Walton & Walmart (00:33:23) - Compounding  (00:35:16) - The crash of Nifty-Fifty in 1973-74; Walmart (00:37:02) - Fiat Chrysler (00:38:09) - The Waltons' ownership in Walmart (00:42:18) - Frontline & Reysas (00:46:11) - Portfolio concentration; Steve Ballmer at Microsoft (00:49:39) - Uber Cannibals The contents of this website 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.

Mohnish Pabrai's Guest Lecture at Microsoft on November 15, 2024. (00:00:00) - Introduction  (00:01:49) - Microsoft; Bill Gates (00:03:19) - The future of AI (00:04:27) - Value vs. Growth investing (00:08:58) - IPSCO  (00:13:13) - Reysas (00:15:47) - Starting with value investing (00:19:37) - My journey in investing; Introduction to Warren Buffett (00:22:45) - Cloning ideas: Walmart & Microsoft  (00:24:35) - Microsoft: Vijay Vashi (00:31:51) - Find out your passion: Poor Charlie's Almanac (00:35:42) - The Dakshana Foundation (00:40:12) - Bill Gates' introduction to Warren Buffett (00:44:15) - Reliability and Trust (00:47:33) - Somasegar at Microsoft  The contents of this website 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.  

Mohnish Pabrai's Interview with John Mihaljevic at MOI Global on January 21, 2025. (00:00:00) - Introduction (00:01:47) - Industrial Real Estate: First Industrial (00:06:38) - Boom and bust cycle - Oil & shipping businesses (00:09:14) - CONSOL Energy (00:12:08) - Coal businesses (00:21:08) - Frontline (00:26:03) - Micron (00:27:48) - Portfolio concentration (00:30:17) - Reysas (00:31:56) - Investing in Turkiye  (00:34:21) - Evolution in investing style (00:35:40) - Evaluating the company's management (00:37:48) - Capital allocation for coal companies (00:40:55) - Risk vs. Uncertainty (00:42:36) - Circle of competence: John Arrillaga (00:44:32) - Look for anomalies in the market (00:48:42) - Book recommendation: The Joy of Costco  The contents of this website 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.

Mohnish Pabrai's session with Cambridge Investment Banking Society at University of Cambridge on January 31, 2025. (00:00:00) - Introduction (00:01:38) - Marcus Aurelius: Stoic philosophy (00:04:28) - Learning from mistakes (00:09:01) - Ignore Macroeconomic factors (00:11:57) - Value vs growth investing (00:14:58) - Investing in Turkey: Reysas (00:19:22) - Venture Capital: Bill Gurley (00:23:06) - Handling the 2008 financial crisis (00:24:12) - Skills for value investing (00:27:02) - Look for undiscovered opportunities; Warren's Swiss Army knife approach (00:30:22) - Handling the portfolio concentration and risks (00:33:49) - Sam Walton (00:36:31) - All knowledge is cumulative (00:38:43) - Nick Sleep The contents of this website 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.

Mohnish Pabrai's Talk with GreenHaven Road Partners Fund on October 29, 2024. (00:00:00) - Introduction (00:02:08) - Public Charity status of the Dakshana Foundation (00:04:04) - Feedback loops in Capitalism and Philanthropy (00:09:27) - The Dakshana Foundation model: The inversion impact (00:12:09) - Indian Institute of Technology (IIT) (00:14:13) - Ashok T Kumar: Dakshana Scholar who ranked 63 at IIT (00:18:36) - Operating Mechanics of the Dakshana Foundation (00:19:55) - All India Institutes of Medical Sciences (AIIMS) (00:21:13) - The Dakshana journey (00:23:56) - Dakshana's success rate (00:27:14) - Success Academy (00:29:10) - Stay focused on the cause (00:31:11) - Micro is more relevant than macro (00:34:33) - Error rate in investing The contents of this website 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.

Mohnish Pabrai's Guest Lecture at UNO's Maverick Investment Club on October 15, 2024. (00:00:00) - Introduction (00:02:02) - Charlie Munger: Costco (00:05:35) - Warren's rejection of opportunities on moral grounds (00:08:27) - Conwood Chewing Tobacco (00:13:52) - Valeant Pharmaceuticals (00:18:10) - Credit Acceptance (00:23:58) - TransDigm (00:30:23) - Berkshire's investment in Gen Re (00:32:38) - Charlie Munger is irreplaceable (00:36:18) - Berkshire Hathaway after Warren Buffett (00:37:44) - Early start to investing journey (00:40:17) - My daughter's introduction to compounding and investing (00:45:01) - Blackstone (00:45:59) - My journey to investing (00:51:15) - Poor Charlie's Almanack (00:53:13) - Advice for beginners; Be a harsh grader  The contents of this website 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.  

Mohnish Pabrai's Podcast with Kevin (Age 10) and Justin (Age 6) on September 24, 2024. (00:00:00) - Introduction (00:02:37) - Start investing at a young age; Bill Gates (00:06:38) - Invest in what interests you; Warren Buffett (00:10:26) - The best purchase I've ever made (00:12:16) - Bridge (00:14:16) - Compounding - 8th wonder of the world (00:21:02) - Rule of 72 (00:25:38) - Warren Buffett: Compounding since early years (00:34:49) - Key to wealth and a long life (00:40:25) - Value investing (00:44:56) - My journey as a value investor (00:46:47) - Knowledge is cumulative (00:48:15) - My real-life heroes (00:49:52) - Advice for beginners (00:50:47) - Great entrepreneurs of this age The contents of this website 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.

Mohnish Pabrai's keynote address at TiECON Southwest on November 9, 2013. (00:00:00) - Introduction (00:02:02) - The IndUS Entrepreneurs (00:04:49) - Non-venture-backed start ups (00:06:26) - My first startup: Non-venture-backed (00:09:04) - Philanthropy: Focus on a specific cause for maximum returns (00:12:36) - The Dakshana Foundation: Cloned from Anand Kumar's Super 30 (00:18:44) - Dakshana's goal: 2020 in 2020 The contents of this website 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.

Mohnish Pabrai's Session with YPO Delhi Chapter on July 9, 2024 (00:00:00) - Introduction (00:03:56) - Manhattan deal by American Indians in 1626; The Rule of 72 (00:08:45) - My daughter's introduction to compounding (00:11:04) - The Three pillars of compounding (00:13:11) - Berkshire's dozen truly great decisions (00:15:34) - See's Candies vs. Coca-Cola (00:19:38) - Rakesh Jhunjhunwala (00:22:43) - ROI on tech businesses (00:24:56) - Reysas (00:28:05) - Coke's global bottling businesses; Varun Beverages (00:33:36) - Growth vs ROCE (00:35:37) - Investing in index funds (00:36:41) - Be fearful when the world is greedy, be greedy when the world is fearful (00:43:31) - Investing in Coal (00:48:50) - Investing Lessons from Robert Caro (00:52:47) - Selling a stock (00:56:30) - Heinz, See's Candies & Coke The contents of this website 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.

Mohnish Pabrai's Session with CFA Society, United Kingdom on June 12, 2024 (00:00:00) - Introduction (00:01:49) - My grandfather Gogia Pasha (00:10:00) - My journey as an investor (00:14:31) - Anomalies in stock market (00:18:11) - Early years of Pabrai Funds (00:21:47) - Value vs. Growth (00:23:48) - Investing is an opportunistic business (00:26:10) - Coal is not a four lettered word! (00:32:45) - Investing in Turkey (00:36:09) - Handling macro-economic risks (00:37:33) - Mistakes are stepping stones to success; Investment checklist (00:43:32) - Building an asset management business (00:52:57) - TAV Airports (00:57:27) - Coca-Cola Icecek  The contents of this website 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.

Mohnish Pabrai's Session with Rotary Bangalore DownTown and Fellowship of Wealth Creators on June 19, 2024. (00:00:00) - Introduction (00:01:07) - Esther Duflo and Abhijit Banerjee (00:02:12) - Philanthropy: Social return on invested capital (00:10:36) - Framework of Non-profit organisations; The Dakshana Foundation (00:17:03) - Dakshana scholar: Rajiv Kumar (00:19:49) - Dakshana model (00:25:41) - Jawahar Navodaya Vidyalaya (00:30:01) - Dakshana's selection process (00:34:09) - Warren Buffett's philanthropic approach (00:41:49) - Chuck Feeney (00:44:01) - Akshaya Patra Foundation The contents of this website 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.  

Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024. (00:00:00) - Introduction (00:02:53) - Circle the Wagons (00:08:18) - Intrinsic Value vs. Owners' Intrinsic Value (00:16:47) - Starbucks (00:17:34) - Ken Langone: Home Depot (00:20:13) - Berkshire's 12 best decisions in 58 years; See's Candies vs Coca Cola (00:27:22) - Evaluating the management team (00:32:23) - Advice for young investors (00:33:48) - My educational journey (00:38:19) - Memories of Charlie (00:43:24) - Learnings from Charlie Munger (00:45:54) - Cloning is the best model; Chipotle (00:49:25) - Heads I win; Tails I don't lose much (00:51:46) - CONSOL Energy vs. IPSCO (00:57:01) - Value investing (00:59:05) - Impact of macro-economic factors (01:01:13) - Passing on value system to your kids (01:05:01) - Loss aversion: Minimizing risk (01:07:35) - Debt-free businesses are best (01:10:32) - Index investing (01:11:55) - Cryptocurrency (01:12:49) - Knowledge is cumulative  The contents of this website 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.

Mohnish Pabrai's Q&A session with Dakshana Scholars at the JNV Pune on December 25, 2023   (00:00:00) - Introduction  (00:01:56) - One of Dakshana's best alums: T. Ashok Kumar  (00:06:06) - Public speaking, lifelong advantage: Toastmasters  (00:09:29) - Education system in India vs. US  (00:18:51) - Merit over Money  (00:24:40) - Rule of 72  (00:35:12) - Maximizing Social Impact  (00:36:52) - Don't Worry About Low Scores  (00:42:34) - Marcus Aurelius: Failure is the key to Success  (00:45:29) - Clone Great Ideas  (00:54:07) - Pursue Happiness   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.

Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024. (00:00:00) - Introduction (00:00:34) - Why entrepreneurs make the best investors  (00:03:09) - Buffett's early entrepreneurial adventures  (00:08:13) - Buffett's introduction to Ben Graham  (00:11:39) - See's Candies  (00:17:59) - My entrepreneurial journey  (00:30:25) - Entrepreneurs don't take risks  (00:32:36) - Richard Branson: Virgin Atlantic  (00:36:19) - The Patels' motels business in the US  (00:41:16) - Introduction to Warren Buffett  (00:46:12) - Pabrai Funds  (00:54:37) - Lunch with Warren Buffett  (00:59:16) - Learnings from Buffett: Be a harsh grader  (01:05:32) - Dhandho Investing: Heads I win, Tails I don't lose too much  (01:07:21) - IPSCO  (01:09:09) - Investing in coal  (01:10:12) - Private vs. Public auction-driven markets  (01:12:53) - Index funds  (01:14:20) - What Puddy (of Seinfeld) can teach us about investing!  (01:17:21) - Compounding; The rule of 72  (01:22:40) - Berkshire's 12 best decisions; Ajit Jain  (01:29:02) - John Templeton: Trouble is opportunity  (01:29:56) - Cryptocurrency  (01:31:01) - Nick Sleep; Amazon  (01:36:21) - The Walton's Family; Walmart  (01:37:13) - Reysas  (01:42:26) - Capital allocation: Meta  (01:44:13) - Elon Musk  (01:46:11) - Learnings from Charlie The contents of this website 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.  

Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban on December 24, 2023 (00:00:00) - Introduction  (00:00:29) - Cloning Super 30  (00:03:50) - Rule of 72  (00:09:15) - Ultra-high Social Return on Invested Capital  (00:17:16) - Integrity in Philanthropy  (00:22:38) - Akshaya Patra: The best of the best!    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.

Mohnish Pabrai's Session at The Investor's Podcast on April 1, 2024 (00:00:00) - Introduction (00:01:44) - TransTech  (00:03:39) - Managing other people's money  (00:08:54) - My journey in investing  (00:11:51) - The happiness equation  (00:17:12) - Learnings from Buffett; Be a harsh grader  (00:22:06) - The importance of truth and candor  (00:24:06) - Bridge vs. Poker  (00:28:59) - Infinite games  (00:30:56) - McDonalds  (00:34:02) - Boeing  (00:36:12) - Processing information from books  (00:40:24) - Pabrai Fund's track record  (00:45:25) - The game of investing  (00:49:20) - The Dakshana Foundation; Philanthropy The contents of this website 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.

Mohnish Pabrai's Session with Massachusetts Institute of Technology's Brass Rat Investments on March 12, 2024 (00:00:00) - Introduction (00:02:03) - Berkshire's 12 great decisions in 58 years  (00:05:06) - See's Candies vs. Coke  (00:11:55) - Burlington Northern Santa Fe Railroad  (00:16:54) - The Intrinsic value of a stock  (00:20:52) - Learnings from Charlie Munger  (00:27:24) - The Dakshana Foundation  (00:33:17) - Sergio Marchionne: Fiat Chrysler  (00:38:59) - Identifying investment opportunities  (00:47:35) - Finding Anomalies; Seinfeld: Is this anything?  (00:52:56) - Investing in Turkey; Coca-Cola Icecek  (00:56:28) - A day in my life The contents of this website 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.

Mohnish Pabrai's session with YPO's Mosaic Chapter on March 20, 2024. (00:00:00) - Introduction (00:02:05) - Friendship with Charlie Munger (00:04:22) - Tom Peters; Humans aren't good cloners (00:07:39) - Microsoft (00:09:24) - Berkshire's investment in See's Candies (00:11:18) - Charlie was Ben Franklin reincarnated! (00:16:56) - Charlie's influence over Warren Buffett (00:21:14) - Charlie's mental models; Human reciprocation theory (00:27:40) - Investment discussions with Charlie (00:31:37) - Adam Grant: Give and Take (00:39:50) - Lifetime ban at an LA casino (00:44:07) - Poor Charlie's Almanack (00:46:35) - Charlie's inheritance The contents of this website 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.

Mohnish Pabrai's Q&A session with students at the JNV Bangalore (Rural) on December 24, 2023. (00:00:00) - Introduction (00:01:09) - Introduction to Buffett and Power of compounding  (00:03:55) - Rule of 72  (00:13:38) - Overcoming challenges at Dakshana  (00:21:20) - Caste reservation vs. Income based system  (00:30:24) - Handling the global financial crisis  (00:34:08) - Cloning is a powerful mental model  (00:37:27) - My educational journey  (00:40:31) - My introduction to investing; Peter Lynch  (00:42:17) - Reysas  (00:46:47) - Work preferences  (00:50:03) - Find your calling in life   The contents of this website 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.

Mohnish Pabrai's Q&A session with students at the JNV Kottayam on December 21, 2023. (00:00:00) - Introduction (00:01:53) - Dakshana scholar: T Ashok Kumar  (00:10:49) - The Dakshana model  (00:21:17) - Rule of 72  (00:26:05) - Cloning Super 30; Anand Kumar  (00:35:05) - Giving back to society  (00:37:34) - Be a harsh grader  (00:45:15) - Inner scorecard vs. Outer scorecard  (00:48:18) - My educational journey  (00:51:25) - My entrepreneurial journey  (00:53:35) - Dakshana's objectives  The contents of this website 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.

Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024. (00:00:00) - Introduction (00:01:28) - Berkshire's 12 great decisions (00:04:52) - Burlington Northern Railways (00:07:49) - See's Candies: Berkshire's big home run! (00:12:48) - Evolution of my investment philosophy (00:16:04) - Berkshire without Charlie (00:20:06) - Be a harsh grader (00:21:49) - Auto dealership business; OEMs vs. EVs (00:25:38) - Evaluating a business (00:28:50) - Met-coal (00:31:18) - IPSCO vs. CONSOL (00:39:06) - Circle of competence (00:41:08) - Diversification of portfolio (00:44:12) - Start your journey early The contents of this website 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.

Mohnish Pabrai's Session at the SumZero Virtual Investor Summit 2024 on February 8, 2024. (00:00:00) - Introduction (00:01:05) - Meta (00:03:59) - Google vs. Microsoft (00:08:17) - Dinner with Bill Gates  (00:12:30) - TAV Airport (00:20:23) - Investing in coal; David Einhorn (00:25:23) - Auto OEMs  (00:27:15) - Reysas (00:30:14) - 20% Office Vacancy Rate! A 45-year high! (00:33:32) - Macroeconomic factors (00:36:58) - Charlie Munger; LA Country Club The contents of this website 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.

Mohnish Pabrai's Q&A with Value Education Society at London School of Economics on January 30, 2024. (00:00:00) - Introduction (00:01:59) - Seinfeld: Is this anything?  (00:04:26) - The Dhandho Investor  (00:05:34) - Ferrari: Sold too soon  (00:06:46) - Evaluating management; Fiat Chrysler  (00:11:48) - Stellantis: Carlos Tavares  (00:12:50) - Elon Musk vs. Chuanfu Wang  (00:16:27) - Learnings from Charlie Munger  (00:20:11) - Be a shameless cloner  (00:24:46) - My process of evaluating a business  (00:26:41) - Advice to students  (00:30:09) - Auction-driven markets: Microsoft  (00:34:59) - Pabrai Investment Funds  (00:38:34) - When to sell a stock  (00:41:37) - Ferrari: A rich man's expression of wealth  (00:43:37) - AI in investing The contents of this website 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.

Mohnish Pabrai's Interview at Morningstar, The Investor's Mind on December 1, 2023. (00:00:00) - Introduction (00:02:52) - Lunch with Buffett; Be a harsh grader (00:07:42) - Impact of personal experiences in investing (00:11:44) - Handling the global financial crisis (00:15:45) - Breaking Bread with Charlie Munger (00:19:25) - 2009 Financial Crisis (00:22:51) - The inner vs the outer scorecard (00:24:44) - Leading an aligned life (00:28:04) - Playing Bridge   The contents of this website 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.

Mohnish Pabrai's Presentation and Q&A at Flame University on December 25, 2023.   (00:00:00) - Introduction (00:04:52) - Coca-Cola Icecek vs. Varun Beverages (00:05:45) - Varun Beverages (00:12:47) - Anadolu Efes & Coca-Cola Icecek (00:28:07) - Investing in Turkiye (00:33:02) - Reysas (00:44:01) - Valuations matter - Microsoft (1999-2015) & Coca-Cola (1998-2011) (00:49:30) - Thou shall not have an investing team (00:54:08) - Portfolio sizing (00:55:31) - TAV Airports (01:03:28) - Investing in China (01:05:49) - Selling a stock; Varun Beverages (01:07:56) - Dividends: EFES (01:09:03) - Currency risk with Coca-Cola Icecek (01:11:47) - Evaluation of a business (01:16:23) - Dakshana (01:24:15) - Macro-economic factors in Turkey (01:29:05) - Fiat Chrysler (01:30:56) - Ferrari: The most Incredible Moat (01:42:49) - Investing in global markets (01:45:22) - Friendship with Charlie and Warren (02:02:24) - Rick Guerin (02:16:52) - Nick Sleep   The contents of this website 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.

Mohnish Pabrai's Q&A at Oxford University - Oxford Alpha Fund on November 21, 2023.   (00:00:00) - Introduction  (00:00:49) - My introduction to investing (00:04:29) - Circle of competence; John Arrillaga (00:08:14) - Nick Sleep (00:10:22) - Learning from mistakes (00:14:53) - Assessing management team (00:17:01) - Transdigm (00:21:15) - Japanese markets (00:25:19) - Uncertainties in investing (00:27:36) - Autonomy for investment managers (00:31:49) - UGMA: A great gift from Congress! (00:34:03) - The Dakshana Foundation (00:37:41) - Returns from philanthropic investments (00:46:02) - Akshaya Patra Foundation (00:51:59) - Advice to students The contents of this website 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.

Mohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023. (00:00:00) - Auction-driven markets (00:02:07) - Berkshire's PetroChina investment (00:04:34) - Anomaly-based investing (00:05:27) - Reysas (00:08:36) - Macro-economic factors in investing (00:11:29) - Clemson to Austin (00:14:32) - Finding anomalies; Investing in Turkey (00:17:24) - Funeral home business  (00:20:14) - 13F filings (00:21:30) - Car dealerships (00:29:05) - Lunch with Warren and Charlie (00:36:55) - Diversification (00:40:27) - The LA Country Club   The contents of this website 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.

Mohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023   (00:00:00) - Introduction (00:02:45) - My introduction to Warren Buffett (00:04:28) - Chuck Feeney: The Billionaire who wasn't (00:06:28) - The Dakshana Foundation (00:08:28) - Learnings from my childhood (00:14:21) - Cloning is a powerful mental model  (00:15:50) - Microsoft: The most relentless cloner (00:17:33) - Sam Walton: Walmart (00:20:48) - Can cloning be competitive? (00:22:54) - Different styles of investing (00:25:16) - Ben Graham: GEICO (00:27:46) - Stone Trust Insurance: Francis Chou (00:35:20) - Berkshire's insurance investments (00:37:50) - Burlington Northern Railroad (00:42:12) - Improving probabilistic thinking (00:44:04) - Importance of portfolio concentration (00:45:43) - Ergodicity: The Walton family (00:48:31) - Investing in Turkey: Reysas (00:50:53) - Nick Sleep: Amazon (00:53:21) - Capital allocation (00:55:26) - Macro-economic factors in investing (01:00:49) - Book recommendation The contents of this website 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.  

Mohnish Pabrai's Q&A Session at Boston College, Carroll School of Management on October 12, 2023.   (00:00:00) - Introduction (00:02:58) - Moody's Manual (00:08:11) - Japan Company Handbook (00:12:00) - Buffett's Amazing Five Japan Bets (00:16:23) - Lessons in investing: Search for anomalies (00:17:59) - Peter Kiewit and Sons (00:21:35) - ADP vs. Exxon (00:28:24) - IPSCO (00:32:43) - Rain Industries (00:35:11) - Reysas (00:41:10) - Fiat Chrysler; Ferrari (00:47:56) - Narrowing the investing universe; JetBlue Airlines (00:53:17) - Thou shall not use Excel (00:54:49) - Pulak Prasad: No leverage (00:59:05) - GM vs. Fiat Chrysler (01:01:30) - Steve Rattner (01:07:31) - Investing in distressed industries (01:11:39) - Error rate in investing (01:14:15) - TransTech (01:20:01) - My Owner's Manual (01:24:19) - Investing in Turkey (01:26:18) - Coca-Cola Icecek (01:34:40) - Learnings from Buffett and Munger (01:38:55) - Micron The contents of this website 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.

Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023.   (00:00:00) - Introduction (00:02:49) - The Manhattan deal by American Indians in 1626 (00:07:42) - Compounding: Eighth wonder of the world (00:08:14) - Queen Isabella's funding of Columbus discovery of America (00:11:35) - My daughter's introduction to compounding (00:15:18) - Factors of compounding (00:20:58) - Never interrupt compounding unnecessarily (00:25:15) - Large inheritances do more harm than good (00:28:17) - Chuck Feeney: The Billionaire Who Wasn't (00:33:47) - My journey of investing (00:40:27) - Berkshire's Twelve great decisions (00:43:19) - Entrepreneurship vs. Investing (00:45:29) - Owner's Manual (00:50:44) - Index investing (00:54:08) - Reysas (01:01:04) - Handling macro risks (01:01:58) - Understanding a business  

Mohnish Pabrai's Q&A at Mendoza College of Business - University of Notre Dame on September 29, 2023.   (00:00:00) - Introduction (00:01:57) - When to sell a stock; Amazon (00:09:00) - Starting Pabrai Investment Funds (00:13:35) - Berkshire's Twelve great decisions (00:16:25) - Berkshire's Japanese investments (00:20:52) - Identifying compounders (00:26:07) - Charlie's mental models (00:27:41) - Association tendency – Coca-Cola (00:29:32) - Human reciprocation tendency (00:34:09) - Cloning: Chipotle vs. Baja Fresh (00:38:06) - Steve Rattner: Overhaul (00:45:07) - Fiat Chrysler (00:47:25) - NVR (00:49:45) - Bridge vs. Investing (00:55:34) - The Dakshana Foundation

Mohnish Pabrai's Q&A session at the Harvard Business School on September 15, 2023 (00:00:00) - Introduction  (00:01:26) - Heads I win; Tails I don't lose too much!  (00:14:27) - My entrepreneurial adventures (00:22:59) - Starting Pabrai Investment Funds (00:29:24) – Thou shall not use Excel! (00:31:42) - Cloning the Buffett Partnership structure (00:38:45) - Diversification (00:41:07) - Investing in Turkiye; Reysas (00:45:21) - Lunch with Warren Buffett (00:51:55) – The Dakshana Foundation (01:03:59) - Adam Grant: Give and Take (01:08:58) - Chuck Feeney: The Billionaire Who Wasn't (01:13:56) - The Buffett Partnership (01:18:51) - Chris Davis: AIG (01:24:06) - Charlie Munger: The Psychology of Human Misjudgement (01:27:21) - Buffett – Munger Partnership (01:32:30) - Avoid leverage in life

Mohnish Pabrai's Interview at the Meb Faber Show on July 28, 2023. (00:00:00) - Introduction (00:00:58) - My education at Clemson University (00:04:51) - My introduction to Warren Buffett and Bridge (00:12:32) - Compounding must be taught to 9th graders (00:17:51) - The Dakshana Foundation (00:29:27) - Holding on to your high conviction bets (00:31:14) - Shelby Davis (00:33:18) - Think like an entrepreneur when investing (00:38:38) - Investing in Turkey (00:44:42) - Macro Risks (00:47:40) - Investing in global markets (00:51:56) - Dinner with Bill Gates (00:54:41) - IPSCO (00:57:21) - Funeral businesses (01:00:17) - John Arrillaga

Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023.   (00:00:00) - Introduction (00:02:25) - Investing basics in school curriculums (00:05:58) - Investing in improving yourself (00:12:21) - Dhandho investing; Jugaad (00:15:30) - Employment opportunities in India vs the US (00:19:55) - Moving from passive investing to active management (00:23:33) - Handling investing mistakes (00:24:39) - Nvidia (00:26:30) - Microsoft (00:31:51) - Democratizing investing (00:33:56) - Better off focussing on the micro versus the macro (00:41:46) - Quality is more important than quantity (00:44:08) - ESG (00:47:28) - Venture Capital (00:52:27) - Bill Gates

Mohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023 (00:00:00) - Introduction (00:02:28) - Value investing; Amazon (00:09:52) - Learnings from Charlie Munger; Doheny Ranch, California (00:18:23) - Be a harsh grader while choosing your friends (00:27:17) - Li Lu (00:33:15) - Investing in China (00:38:14) - Cryptocurrency & algorithmic trading (00:39:27) - Book recommendations (00:40:21) - Identifying multibaggers (00:42:13) - My investing journey (00:46:49) - Book recommendation: Poor Charlie's Almanack (00:48:28) - Adam Grant: Give and Take (00:54:22) - Identifying great businesses (01:02:31) - Lunch with Buffett

Mohnish Pabrai's Interview at the Investor's Podcast on April 25, 2023 (00:00:00) - Introduction (00:00:54) - Poor Charlie's Almanack; handling biases (00:02:55) - Investing in Turkey (00:06:12) - Circle the wagons (00:08:54) - Nifty 50 in 1970's (00:11:51) - Rakesh Jhunjhunwala (00:13:57) - Naspers (00:19:09) - Shinoken; share buybacks (00:24:08) - How has my investing changed over the years (00:26:07) - Stock based compensation (00:29:17) - Constellation: Mark Leonard (00:36:43) - Handling investment mistakes (00:40:32) - The importance of truth (00:45:55) - Being open to discuss finances

Mohnish Pabrai's Q&A session with students at the JNV Lucknow on December 27, 2022   (00:00:00) - Introduction (00:00:51) - Usain Bolt; The Bolt Factory (00:11:09) - Khushwant Singh (00:14:59) - IIT vs. MIT (00:25:29) - Start specialising at the age of 11 (00:35:31) - Why is Brazil great at football? (00:43:31) - If I was the education minister in India (00:46:42) - Delhi school system (00:56:50) - Avoid looking back, focus on looking forward (01:01:35) - You are who your friends are (01:03:17) - Dakshana scholar: T. Ashok Kumar (01:07:16) - Handling family expectations

Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023 (00:00:00) - Introduction (00:02:22) - Buffett's 2022 Shareholder Letter  (00:03:25) - Berkshire's dozen truly great decisions  (00:07:16) - Naspers; Tencent  (00:12:14) - Rakesh Jhunjhunwala; Titan  (00:14:56) - Nick Sleep; Amazon  (00:18:39) - Ben Graham; Geico  (00:20:20) - Walmart vs. Nifty 50  (00:23:37) - Buffett's Coke investment  (00:26:35) - Chuck Akre's Three-legged stool  (00:29:51) - Compounding is the 8th wonder of the world  (00:33:47) - Silicon Valley Bank  (00:36:37) - Reysas  (00:38:38) - Identifying great businesses  (00:44:02) - Investing in Turkey  (00:47:06) - Seritage  (00:48:29) - Start specializing at the age of 11  (00:50:39) - Circle of competence  (00:52:37) - Ajit Jain  (00:57:18) - Index Investing

Mohnish Pabrai's Q&A session with students at the JNV Pune on December 25, 2022.  (00:00:00) - Introduction (00:01:51) - Be a continuous learning machine (00:04:09) - Entrepreneurs do not take risk (00:14:12) - MLK: I have a dream (00:17:59) - What happens if I lose all my money today? (00:28:48) - Inspiration for Dakshana (00:34:36) - Super 30: Anand Kumar (00:39:48) - Toastmasters (00:44:56) - Giving back to society (00:49:15) - Buddha: The key to happiness is elimination of desire (00:54:38) - You are who your friends are

Mohnish Pabrai's Q&A session with students at the Dakshana Valley, Pune on December 26, 2022.   (00:00:00) - Introduction (00:00:54) - Finding your calling in life (00:15:31) - Toastmasters (00:19:43) - Dakshana Scholar Satpal Singh (00:21:23) - Inspiration for starting Dakshana (00:28:22) - Anand Kumar: Super 30 (00:29:43) - The Dakshana journey (00:37:00) - The essence of life (00:45:53) - Nelson Mandela (00:50:56) - Marcus Aurelius: Stoicism (00:56:48) - Why did I choose India for Dakshana (01:10:51) - My journey – from a below average to topper student (01:19:36) - Handling adversities (01:24:33) - Dakshana Scholars T Ashok Kumar & Rajeev (01:34:46) - How to win friends and influence people – Dale Carnegie (01:37:48) - Charlie Munger's human reciprocation mental model (01:49:34) - Ben Franklin (01:53:43) - Cloning as a mental model

Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023 |  (00:00:00) - Introduction (00:01:00) - My childhood (00:12:52) - My journey towards investing (00:24:03) - Starting Pabrai Funds during the dot-com bubble (00:26:56) - IPSCO (00:30:33) - 2009 financial crisis (00:32:46) - The Fiat Chrysler Investment in 2012 (00:35:07) - Meeting Michael Burry in 2008 (00:38:47) - COVID-19 pandemic (00:44:32) - Satyam Computers & Blue Dart (00:53:08) - Rakesh Jhunjhunwala (00:54:34) - Anomaly-based investing (00:56:20) - Reysas (01:00:32) - Varun Beverages and Coca-Cola Icecek (01:05:08) - When to sell a stock? (01:08:35) - Equities vs other asset classes (01:13:21) - PeopleSoft (01:18:00) - Teaching kids about money (01:24:05) - Reading advice (01:28:32) - Dakshana Foundation (01:35:16) - Compounding is the 8th wonder of the world 

Mohnish Pabrai's Q&A session with students at JNV Bundi on December 24, 2022 (00:00:00) - Introduction (00:01:09) - Enterprise Rent-A-Car only hires GPA below 2.5!  (00:11:38) - Toppers do not do the best in life (00:14:32) - My journey - from a below average to a topper (00:18:40) - Dakshana: Of the Alums, By the Alums, For the Alums (00:23:19) - Be a continuous learner (00:28:33) - The Dakshana model and objectives (00:39:13) - Gandhi: Be the change you wish to see (00:40:38) - A man, a Plan, a Canal, Panama (00:49:26) - TransTech (00:54:13) - Ben Franklin (00:59:18) - Giving back to society (01:02:09) - Government Reservation System

Mohnish Pabrai's Q&A session with students at JNV Bengaluru (Urban) on December 23, 2022   (00:00:00) – Introduction (00:00:34) - Charles T. Munger Hall (00:05:32) - Ben Franklin (00:07:51) - Charlie's mental models (00:11:45) - The Cloned Dakshana Model (00:20:07) - Dakshana Scholar T. Ashok Kumar (00:23:55) - Judith Harris: No Two Alike (00:26:18) - Buddha: The key to happiness is elimination of desire (00:28:19) - My journey – from a below average to topper student (00:31:47) - Seabiscuit (00:35:10) - The Dakshana model and objectives (00:52:01) - Giving back to society (00:56:58) - Learnings from Buffett 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.

Mohnish Pabrai's Talk and Q&A session with students at the University of Texas on February 28, 2023   (00:00:00) - Introduction (00:02:01) - Buffett's 2022 Letter to Shareholders (00:04:29) - Berkshire's Twelve great decisions (00:09:16) - Rakesh Jhunjhunwala (00:13:27) - Chuck Akre's three-legged stool (00:16:19) - Wally Park at LAX (00:18:35) - My investing journey (00:22:55) - Macroeconomic factors (00:27:04) - Investing in Turkey (00:30:27) - Reysas (00:40:14) - TAV Airports (00:44:02) - When to sell? (00:46:04) - Investing in the US (00:50:13) - Start specializing at age 11 (00:57:08) - Berkshire's Oil Investments (00:58:44) - Buffett's Oxy Bet (01:04:26) - Fiat Chrysler (01:12:31) - Ferrari: Sold too soon! (01:15:05) - The Dakshana Foundation   The contents of this website 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.

Mohnish Pabrai's Chat with students at the Rotman School of Management on March 03, 2023   (00:00:00) - Introduction (00:03:53) - Lunch with Warren (00:08:49) - Buffett's 2022 Shareholder Letter (00:17:02) - “Circle the Wagons” approach to investing (00:19:28) - The Nifty Fifty in 1970s (00:22:08) - Rakesh Jhunjhunwala (00:24:55) - How to “Circle the Wagons” (00:31:05) - Finding a great business (00:33:17) - IBM (00:38:54) - Li Lu (00:47:04) - Moutai (00:50:44) - Evaluating management (00:53:33) - Coca-Cola (00:56:02) - Reysas (01:01:50) - Circle of competence (01:03:41) - John Arrillaga (01:06:30) - Satyam Computers (01:10:27) - Investing in China

Mohnish Pabrai's Q&A session at the SumZero Top Stocks Investor Summit on February 9, 2023 (00:00:00) - Introduction (00:01:07) - Turkey earthquake (00:05:05) - Charlie's biggest mistake: Belridge Oil (00:08:44) - Coca-Cola İçecek (00:13:35) - Reysas (00:18:25) - Ferrari: One of my biggest mistakes (00:22:34) - Turkey – FX risk (00:24:07) - TAV Airports (00:27:27) - Brookfield (00:36:18) - Ali Baba vs. Tencent (00:38:03) - Indian Energy Exchange (00:41:51) - Adani Group (00:43:21) - Amazon (00:45:54) - Apple vs Ferrari runway (00:48:11) - Microsoft vs. Apple (00:50:54) - Macroeconomic risks  

Mohnish Pabrai's Q&A with London School of Economics on January 18, 2023 (00:00:00) - Intro (00:01:09) - Durable Moats (00:04:34) - Coca-Cola (00:08:05) - Apple (00:08:59) - Burlington Northern Railway (00:11:04) - Patience is your most valuable asset (00:14:47) - The Quest for 100 baggers (00:16:15) - Charlie's greatest investing mistake: Belridge Oil (00:19:33) - Reysas (00:25:36) - Japan Company Handbook (00:30:15) - Circle of competence (00:32:35) - Margin of safety (00:32:57) - Be unreasonable (00:34:18) - Be an independent thinker (00:35:52) - Cloning ideas (00:40:07) - Thou shall never use Excel! (00:41:28) - Charlie's mental models   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.  

Mohnish Pabrai's Q&A session with students at JNV Bangalore (Rural) on December 23, 2022   (00:00:00) - Introduction (00:04:57) - Dakshana Donors – Prem Watsa; R.K. Damani (00:07:27) - Harvard's model for donations (00:12:11) - Your deepest desire is your destiny (00:21:51) - Dakshana: Of the alums, for the alums, by the alums (00:22:54) - Fear of failure (00:32:11) - Inspiration behind Dakshana (00:33:19) - Large inheritances do more harm than good (00:37:03) - Truth is the foundation for trust (00:47:40) - Book by Judith Harris: No Two Alike   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.