Podcasts about Mohnish

Mohnish Pabrai's Talk with Shaan Puri at the My First Million podcast on March 27, 2025. (00:00:00) - Introduction (00:00:28) - Why the small investor has an advantage (00:02:51) - Investing $10K to make $1 Million (00:08:16) - Frontline (00:17:13) - Berkshire's 12 great decisions in 58 years (00:18:34) - Buffett's selection process: Moody's Manual (00:23:38) - Value Investor's Club (00:27:33) - The Japan Company Handbook (00:28:46) - Berkshire's investment in Japan (00:36:13) - Thou shall not use Excel (00:40:26) - Leverage: Rick Guerin (00:49:00) - Do not cut the flowers to water the weeds (00:51:21) - Costco (00:56:38) - My interactions with Charlie Munger & Warren Buffett (00:58:23) - Risk vs. Uncertainty (01:00:16) - Coca-Cola Icecek (01:01:42) - Warren's “Too Hard Pile” (01:03:01) - Circle of Competence: John Arrillaga (01:07:03) - Sam Walton: Walmart and Sol Price (01:12:18) - A power nap is good for productivity (01:15:39) - My owner's manual (01:21:52) - The Dakshana Foundation: A mathematical game (01:23:53) - Super 30: Model cloned by Dakshana (01:28:53) - Large inheritances cause more harm than good (01:31:35) - Mohnish's Blackjack System (01:37:46) - Michael Burry (01:41:21) - Rakesh Jhunjhunwala: Titan Industries (01:44:26) - Starting early to lengthen your runway (01:47:02) - Macroeconomic factors (01:47:37) - 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.

On today's show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig's metaphorical restaurant and together taste new wonderful dishes in investing and life. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:36 - How stock investors can truly think like the owners of the business 10:09 - Which advice would Mohnish give to himself at ages 40 and 50 20:48 - Why you should learn from your mistakes, but not too much 33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game 35:41 - Why you need to work with the fewest possible variables in philanthropy 51:30 - How to look at an “execution moat”  1:00:59 - Why Stig thinks that Mohnish is over diversified  Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠here⁠⁠. Join the exclusive ⁠⁠TIP Mastermind Community⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Mohnish Pabrai's website. Learn more about Mohnish Pabrai's Dakshana Foundation. Our interviews with Mohnish Pabrai about The Inner Scorecard. Our interviews with Mohnish Pabrai about Masterclass Investing. Our interviews with Mohnish Pabrai about investing in stocks. Our interviews with Mohnish Pabrai about value investing and philanthropy. Check out all the books mentioned and discussed in our podcast episodes ⁠⁠here⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠Premium Feed⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠The Intrinsic Value Newsletter⁠⁠. Check out our ⁠⁠We Study Billionaires Starter Packs⁠⁠. Follow our official social media accounts: ⁠⁠X (Twitter)⁠⁠ | ⁠⁠LinkedIn⁠⁠ | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠TikTok⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠here⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠TIP Finance Tool⁠⁠. Enjoy exclusive perks from our ⁠⁠favorite Apps and Services⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠best business podcasts⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠sponsors⁠⁠: ⁠SimpleMining⁠ ⁠AnchorWatch⁠ ⁠Found⁠ ⁠DeleteMe⁠ ⁠Fundrise⁠ ⁠Vanta⁠ ⁠The Bitcoin Way⁠ ⁠Indeed⁠ ⁠Shopify⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠rating and review⁠⁠ on ⁠⁠Spotify⁠⁠! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Kannst du durch simples Kopieren erfolgreicher Investoren an der Börse reich werden? In diesem Podcast analysiere ich die Strategie von Mohnish Pabrai und zeige, wie du von den besten Investoren der Welt lernen kannst. Vereinbare jetzt dein kostenfreies Strategiegespräch: https://jensrabe.de/Q1Termin25 Aktien kann Jeder - jetzt testen: https://jensrabe.de/YTAKJ Optionen kann Jeder - jetzt testen: https://jensrabe.de/YTOKJ ALLE Bücher von Jens Rabe: https://jensrabe.de/buecherYT Nur für kurze Zeit. Solange der Vorrat reicht. Schaut auf dem Instagram-Account von Jens vorbei: @jensrabe_official https://www.instagram.com/jensrabe_official Börsen-News https://jensrabe.de/Q1NewsYT25

On today's episode, Clay shares the most important lessons he's learned from Chris Mayer. Chris Mayer is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.  IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 05:02 - The potential dangers of cloning. 09:40 - What Clay learned from reading 100 Baggers by Chris Mayer. 26:39 - Common characteristics of 100 Baggers. 32:03 - Lessons from Chris's lesser-known book — How Do You Know? 49:39 - Chris's secret to success in long-term compounding. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Chris's books: 100 Baggers & How Do You Know. Thomas Phelp's book: 100 to 1 in the Stock Market. William Thorndike's book: The Outsiders. Related Episode: TIP543: 100 Baggers: Stocks that Increase 100:1 w/ Chris Mayer | YouTube Video. Related Episode: TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer | YouTube Video. Related Episode: TIP608: Long-Term Compounding w/ Chris Mayer | YouTube Video. Related Episode: MI310: A Serial Acquirer's Deep Dive w/ Chris Mayer | YouTube Video. Check out Mohnish's Q&A with YPO. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Sun Life AT&T Industrious Meyka Range Rover Yahoo! Finance Fundrise iFlex Stretch Studios Briggs & Riley Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Episode 586: Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing. Mohnish is sometimes called the "Indian Warren Buffett" for having turned $1M into over $1B+ through stock investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett & Munger. Want to see Sam and Shaan's smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (1:41) Why entrepreneurs make the best investors (4:40) How Warren Buffett's pre-paid for his college education (9:56) Becoming Ben Graham's Protege (13:57) What Buffett learned about branding from See's Candies (17:53) Buffett's failed play to be a candy mogul (20:54) Identifying offering gaps (21:47) Getting an MBA at age 14 as the son of an entrepreneur (26:12) The 3 tells of a future millionaire (28:49) Mohnish builds his first product with maxed out credit cards at 24 (31:21) The 168 hour framework (33:56) “Entrepreneurs do not take risks” (36:10) How Richard Branson launches Virgin Atlantic with no money (39:09) How 0.1 percent of the population owns 70 percent of all the motels in America (43:45) The unfair advantage of being a low-cost producer (44:49) How Mohnish turned his first million into $13M in 5 years (48:18) Pabrai Funds grows to $600M in assets in less than 10 years (49:42) What Mohnish knows about fundraising that we don't (55:46) Pivoting from tech investments in 1999 to value investments (58:50) $2M lunch with Warren Buffett (1:04:15) Be a harsh grader of people (1:08:09) The Givers, The Takers, and The Matchers (1:11:30) “Heads I win, tails I don't lose much” (1:16:41) Private markets v public auctions (1:21:15) The #1 trait that makes a great investor (1:22:50) What people of Reddit think of Mohnish Pabrai (1:24:26) Starting capital, annual rate of return, length of runway (1:25:04) The rule of 72 (1;26:03) “The most important rule in life is how long something takes to double” (1:30:21) Circle the Wagons Philosophy (1:32:14) Losing $3B in one unfortunate event (1:37:34) Be fearful when the world is greedy; Be greedy when the world is fearful (1:38:34)What a value investor thinks of bitcoin (1:39:50) Nick Sleep bets (1:52:49) The Best Of: Capital Allocators — Links: • The Intelligent Investor - https://tinyurl.com/3jmpjrmc • The Dhandho Investor - https://tinyurl.com/53p9bhfv • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

On today's show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $12.51 vs. $4.72 for the S&P500. In the interview, Mohnish Pabrai discusses his approach to a congruent life.  Disclaimer: Stig Brodersen is invested in Pabrai Funds.  IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 10:14 - Which decisions Mohnish Pabrai made to improve his happiness. 15:06 - How to use the Buffett system to grade people. 26:02 - Why Mohnish likes to play bridge more than poker. 31:06 - Which principles Mohnish lives by. 38:58 - How Buffett and Mohnish (do not) take notes. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Mohnish Pabrai's website. Learn more about Mohnish Pabrai's Dakshana Foundation. Our interviews with Mohnish Pabrai about Masterclass Investing | YouTube Video. Our interviews with Mohnish Pabrai about investing in stocks | YouTube Video. Our interviews with Mohnish Pabrai about value investing and philanthropy | YouTube Video. Our interviews with Mohnish Pabrai about value investing | YouTube Video. Our interviews with Mohnish Pabrai about value investing in 2021 | YouTube Video. Our interview with William Green about Mohnish Pabrai and much more | YouTube Video. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Mohnish Pabrai manages $855 million dollars including 25 stocks in a secret mutual fund, Wagon Funds. In this video, we're covering his 10 biggest positions.

This week we welcome value investing heavyweight Mohnish Pabrai to the Value Perspective. Mohnish is the founder and Managing Partner of Pabrai Investment Funds, the founder of the Dakshana Foundation, a close friend of Warren Buffet, and a frequent bridge opponent of Charlie Munger. He joins us to discuss how his father's entrepreneurialism shaped his understanding of risk; his commitment to giving everything away to Dakshana during his lifetime following the great example of Chuck Feeney; the rationale behind cloning as a strategy; why he never went for the insurance model; and concentration and ergodicity. Enjoy! NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam  Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.  

Today's guest is Mohnish Pabrai, founder and Managing Partner of the Pabrai Investments Funds, which he started in 1999 and has since built an incredible track record.  In today's episode, Mohnish talks about his love for bridge, what his friend Warren Buffett's online bridge name is, his philanthropic endeavors, opportunities he sees in Turkey and India, and what he would do with the Apple position today if he was running Berkshire Hathaway.   (0:39) - Sponsor: YCharts   (1:26) - Intro (2:00) - Episode begins (5:57) - Mohnish's educational background (11:37) - Revived love for Bridge  (18:00) - The magic of compounding (24:57) - Dakshana provides intense prep for competitive exams to underprivileged kids (38:54) - Investing long-term in high-conviction bets regardless of error rates (42:51) - Think like a founder, hold onto investments long-term despite drawdowns (46:32) - If he worked at Berkshire, would he sell or hold Apple today? (48:53) - What interested Mohnish in Turkey & India? (1:02:45) - Which tech stocks would Bill Gates buy? (1:06:51) - Mohnish's most memorable investment (1:11:57) - Narrow expertise depth, no need to know everything about everything ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by YCharts.  YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription. (New clients only).  Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

¿Quieres conocer a este inversor? Hoy te traigo los nueve pilares para el éxito de Mohnish Pabrais. Conozcamos a este inversor value y admirador de Warren Buffet

In this special episode, William Green shares several fundamental, life-changing lessons that he's learned from his conversations with Charlie Munger, Mohnish Pabrai, Tom Gayner, & John Spears. The focus here is on powerful insights that can guide & enrich you both in business & life.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro02:37 - Why Charlie Munger thinks being ethical is a huge competitive advantage 17:16 - Why Munger urges you to get “toxic people” out of your life, & do it fast.24:52 - How Mohnish Pabrai forges strong relationships based on trust & fairness and how Mohnish's success is built on David Hawkins' insights in “Power vs Force.”36:09 - What William Green learned from Hawkins' books that changed his life.46:36 - Why Munger won't indulge in destructive emotions like anger & envy.57:32 - How Markel CEO Tom Gayner infuses his business dealings with timeless values.1:06:33 - How Tom operates by initiating trust & then assessing whether it's deserved.1:16:23 - What Tom looks for when appraising a person's integrity.1:25:18 - What John Spears learned from Quakerism that guided him in business & life.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune in to William Green's full interview with Mohnish Pabrai or watch the video.Listen to William Green's full interview with Tom Gayner or watch the video.Tune in to William Green's full interview with John Spears or watch the video.Listen to William Green's interview with Daniel Goleman & Tsoknyi Rinpoche or watch the video.“Power vs Force” by David Hawkins.“Letting Go” by David Hawkins.“Transcending the Levels of Consciousness” by David Hawkins.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.William Green's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Have the visibility and control you need to make better decisions faster with NetSuite's cloud financial system. Plus, take advantage of their unprecedented financing offer today - defer payments of a full NetSuite implementation. That's no payment and no interest for six months!Send, spend, and receive money around the world easily with Wise.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-44-GOLD-IRA.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Let OneSkin work deeper than surface level and promotehealthier skin from the inside out. Get 15% off OneSkin with the code WSB.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Popularly recognised as a disciple of Warren Buffett and Charlie Munger, Mohnish Pabrai has a knack for picking multibagger stocks...across the world. Based out of the US, Mohnish has had great success in buying stocks following his simple approach – buy stocks that are selling so cheap that it almost makes no sense at all. And then, hold on to them for a long period of time. In this fascinating conversation, Mohnish also talks about selling stocks...and a whole bunch of other stuff, including giving away wealth. Towards the end we talk about inheritance. Mohnish shares a fantastic personal experience. Must listen...

William chats with renowned hedge fund manager Guy Spier. Since launching the Aquamarine Fund in 1997, Guy has beaten the S&P 500 by 200 percentage points & the MSCI World index by 364 percentage points. He's also the author of “The Education of a Value Investor.” In this conversation, Guy speaks candidly about the challenges he's facing, including his fear that Russia's war in Ukraine could escalate, creating a systemic risk for investors. He explains how he's positioning his portfolio to survive & prosper in these perilous times, & he shares practical advice on how to maintain equanimity amid all this uncertainty.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro03:56 - How living in a calm & predictable environment helps Guy Spier to invest better.12:04 - How he resisted the temptation to buy overvalued tech stocks during the recent bubble.26:11 - Why we must beware of the psychological effects of rapidly rising or falling stock prices.30:04 - Why Guy refuses to invest in any business that can't fund all of its growth internally.44:18 - How going to Berkshire Hathaway's annual meeting helps to reinforce rational behavior.53:57 - What Warren Buffett told Guy Spier & Mohnish Pabrai about the perils of debt.1:13:04 - Why Guy regards the war in Ukraine as a potentially systemic threat to investors. 1:11:56 - Where he's investing in order to survive & prosper in these times of heightened risk and why he's invested heavily in China, despite the political & economic dangers.1:13:55 - Why he's avoiding weaker countries, including Indonesia & the Philippines.1:15:01 - How he wrestles with the tricky question of whether to trim or hold his winners. 1:18:17 - Why he'll never short another stock.1:19:31 - How he constructs a portfolio that helps him to maintain his emotional equilibrium.1:43:35 - Why he diverged from Mohnish on the risks & rewards of investing in Turkey.1:59:08 - What Guy & Mohnish have learned from the stunning success of their friend Li Lu.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESListen to William Green's 2022 interview with Guy Spier on How to Build Enduring Wealth (RWH009) or watch the video.Listen to William's 2022 interview with Guy on High-Performance Habits (RWH010) or watch the video.Listen to William's interview with Ray Dalio on the “Richer, Wiser, Happier” podcast or watch the video.Guy Spier's book, “The Education of a Value Investor” – Read reviews of the book.Guy Spier interviews William Green about his book, “Richer, Wiser, Happier.”Subscribe to Guy Spier's Free Newsletter.Guy Spier's podcast and website.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.William Green's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Have Commonwealth Private's Private Bankers take the time to understand your goals and tailor solutions that create less for you to do and more for you to enjoy.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Let an expert do your taxes from start to finish so you can relax with TurboTax.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mohnish Seth is the president and owner of Farmers International. He and his wife Versha Seth joined the Journey to share their incredible story of migrating to California from India in the early 1990's to find a new source for high quality almonds. Their experiences offer real insights into how India – which doesn't have any domestic production of almonds – has become such a massive consumer. “The way things are done in California especially, everything is counted, everything is accountable. The university system is there, the agriculture department is there, the Almond Board is there. We are so visible, and we are proud to share that information with the people.” - Mohnish Seth In Today's episode:Meet Mohnish and Versha Seth of Farmers International as they share their journey in growing the almond industryExplore how India has developed such an affinity for almondsDiscover the major obstacles facing California almonds getting to more international marketsABC Update:India remains the top export market for California almonds. In fact, shipments to the country more than doubled in volume between 2016 and 2021. Almond Board of California Vice President of Global Technical and Regulatory Affairs Julie Adams says India remains a top priority for growing demand for California almonds, but there are still some real challenges to be addressed. “We have to keep working with our partners across governments in trade to really look at the longer-term growth, and I think almonds are going to continue to be a big part of that growth.” - Julie Adams The Almond Journey Podcast is brought to you by the Almond Board of California. This show explores how growers, handlers, and other stakeholders are making things work in their operations to drive the almond industry forward. Host Tim Hammerich visits with leaders throughout the Central Valley of California and beyond who are finding innovative ways to improve their operations, connect with their communities, and advance the almond industry. ABC recognizes the diverse makeup of the California almond industry and values contributions offered by its growers, handlers, and allied industry members. However, the opinions, services and products discussed in existing and future podcast episodes are by no means an endorsement or recommendation from ABC. The Almond Journey podcast is not an appropriate venue to express opinions on national, state, local or industry politics. As a Federal Marketing Order, the Almond Board of California is prohibited from lobbying or advocating on legislative issues, as well as setting field and market prices.

Mohnish Pabrai's session with EO Gurgaon on January 10, 2023 (00:00:00) - Introduction (00:04:15) - I'm a better investor because I'm a businessman. I'm a better businessman because I'm an investor (00:05:00) - Capitalism is creative destruction (00:08:40) - Earnings reinvestment framework (00:10:58) - The importance of Spawning (00:13:07) - Control is over-rated (00:16:50) - From entrepreneur to investor (00:33:30) - Patel Motel Dhandho (00:40:42) - Book: Roy Thomson of Fleet Street; Trilogy (00:41:33) - Reysas (00:50:18) - Investment Shortcuts; cloning (00:52:35) - IIFL Wealth Management; Kotak (00:54:01) - The S&P 500 is a great choice (00:57:54) - Rakesh Jhunjhunwala (00:59:35) - Poor Charlie's Almanack (01:07:39) - Mohnish's Owners Manual by Jack Skeen (JackSkeen.com)

On today's episode, Clay reviews Mohnish Pabrai's book, The Dhandho Investor. Mohnish is one of our very favorite investors to study here at TIP as we've interviewed him for the podcast multiple times in the past. Since its inception in 2000, Mohnish's flagship fund has achieved a return of 781% to his investors net of fees versus 378% for the S&P 500. IN THIS EPISODE YOU'LL LEARN:00:00 - Intro05:19 -The story of the Patels, who went from owning nothing in the US, to owning over 50% of the motel industry.11:33 - The 9 Dhandho investment principles.14:24 - How Dhandho investors are able to earn outsized returns with minimal risk.25:09 - How to identify bargains in the market.32:17 - The relationship between investing and gambling.39:17 - Clay's analysis on Mohnish's largest US equity holding today.49:46 - Mohnish's investing checklist he uses prior to purchasing a company.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESTune into the recent We Study Billionaires' episode covering The Little Book of Valuation by Aswath Damodaran or watch the video.Listen to the episode on Warren Buffett's Money Mind or watch the video.Related Episode: Listen to Investing in Stocks w/ Mohnish Pabrai - TIP442, or watch the video.Related Episode: Listen to Berkshire's Purchase of TSM & Meta "Doomsday" Analysis - TIP508, or watch the video.Mohnish Pabrai's book: The Dhandho Investor.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia's first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.Get personalized, expert advice that helps you see things clearly with ATB.Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.Talk to your clients about Desjardins Responsible Investment today and support what's right for society and what's good for business.Take stock of your finances and investing strategy with Betterment.Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.Let an expert do your taxes from start to finish so you can relax with TurboTax.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Investors such as Mohnish Pabrai who manage portfolios over $100 million have recently filed their 13F Q3 2022 updates. In this episode I look at Pabrai's portfolio changes for the quarter. Mohnish bought some stock of Brookfield Asset Management (BAM) in Q3, so I consider some reasons he might have initiated the position at this time. Timestamps: 00:00 Intro 00:14 Mohnish Pabrai's stock portfolio 02:17 Brookfield Asset Management Inc 04:08 Why did Pabrai buy BAM stock? Related episode: Mohnish Pabrai's Micron Tech Investment Thesis and MU Q4 2022 Earnings Update https://youtu.be/b0RrLmiTPRU #investing #stockmarket #stocks Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

Investors such as Mohnish Pabrai who manage portfolios over $100 million have recently filed their 13F Q3 2022 updates. In this episode I look at Pabrai's portfolio changes for the quarter. Mohnish bought some stock of Brookfield Asset Management (BAM) in Q3, so I consider some reasons he might have initiated the position at this time. Timestamps: 00:00 Intro 00:14 Mohnish Pabrai's stock portfolio 02:17 Brookfield Asset Management Inc 04:08 Why did Pabrai buy BAM stock? Related episode: Mohnish Pabrai's Micron Tech Investment Thesis and MU Q4 2022 Earnings Update https://youtu.be/b0RrLmiTPRU #investing #stockmarket #stocks Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

In a recent Q&A session, super investor Mohnish Pabrai shared the story of the investing career of Rakesh Jhunjhunwala, one of India's best investors of all time, who recently died. In this episode, I share what Mohnish said, and distill it down to 4 important points about how Rakesh invested to great success. Timestamps: 00:10 Who is Rakesh Jhunjhunwala? 02:27 First important point 03:02 Second important point 03:35 Rakesh's biggest compounder 04:40 Third important point 05:16 Fourth important point 05:55 Rakesh's other compounders 06:30 The holy grail of investing Related video: Mohnish Pabrai: “The best way to invest is…” https://youtu.be/lxl2bIS1o6c Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai https://youtu.be/3bAEnKtDI60 Mohnish Pabrai interview referenced in the episode: Mohnish Pabrai's Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://youtu.be/wz8N5CkTA2w Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

In a recent Q&A session, super investor Mohnish Pabrai shared the story of the investing career of Rakesh Jhunjhunwala, one of India's best investors of all time, who recently died. In this episode, I share what Mohnish said, and distill it down to 4 important points about how Rakesh invested to great success. Timestamps: 00:10 Who is Rakesh Jhunjhunwala? 02:27 First important point 03:02 Second important point 03:35 Rakesh's biggest compounder 04:40 Third important point 05:16 Fourth important point 05:55 Rakesh's other compounders 06:30 The holy grail of investing Related video: Mohnish Pabrai: “The best way to invest is…” https://youtu.be/lxl2bIS1o6c Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai https://youtu.be/3bAEnKtDI60 Mohnish Pabrai interview referenced in the episode: Mohnish Pabrai's Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://youtu.be/wz8N5CkTA2w Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. --- Send in a voice message: https://anchor.fm/theartofvalue/message

Mohnish Pabrai is the Founder, Managing Partner of Pabrai Investments Funds, founder and CEO of Dhandho Funds, author of bestseller books The Dhandho Investor and Mosaic: Perspectives on Investing​. He is a highly sought-after speaker. Mohnish is also a philanthropist and founder of The Dakshana Foundation. --- Support this podcast: https://anchor.fm/theindustryshow/support

IN THIS EPISODE, YOU'LL LEARN00:02:41 - How an introduction from Warren Buffett led to Mohnish's friendship with Charlie Munger.00:04:46 - What it's been like to hang out with Charlie over the last 14 years. 00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.”00:18:59 - How Warren and Charlie differ from each other as investors.00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time.00:42:34 - Why it's helpful to know that even the best investors are wrong a third or half of the time.00:43:18 - How a checklist and other “circuit breakers” can help you to reduce your error rate.01:00:53 - Why Mohnish and Charlie believe it's a huge competitive advantage to be ethical.01:03:56 - How Mohnish decides whether or not to build a relationship with someone. 01:12:55 - How he's changed, becoming more committed to serving others as selflessly as possible.01:15:19 - What Mohnish figured out about how to parent his daughters.01:24:01 - How the power principles he learned from David Hawkins have changed his life.01:25:16 - Why it's so valuable to be candid and to “bare your soul.”01:39:52 - Where Mohnish wants his ashes to be scattered after he dies.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMohnish Pabrai's website, Chai with Pabrai.Mohnish's book, The Dhando Investor.Learn more about Mohnish's Dakshana Foundation.Stig Brodersen's latest interview with Mohnish about stock investing.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.Mohnish explains how “Richer, Wiser, Happier” transformed his investing approach.David Hawkins' books “Power vs Force,” “Letting Go,” and “The Eye of the I.”William Green's Twitter.Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Find Pros & Fair Pricing for Any Home Project for Free with Angi.Invest in crypto and trade it without tax headaches with AltoIRA.Updating your wardrobe or just simply looking for a new fall flannel? Head to Mizzen+Main and use promo code WSB to receive $35 off an order of $125 or more!Break into the multifamily investing space or level up your investing game. Learn these at the Multifamily Investor Nation Convention. Visit mfincon.com for details and tickets. Use promo code TIP to get $200 off your tickets.Try out Rhoback's performance polos, q-zips, or hoodies and bring a new meaning to the word comfortable. Use the code STUDY and get 20% off your first order.Get a FREE Wealth Protection Kit and learn how thousands are protecting their retirement savings and adding $10,000 (or more) in free Silver with Goldco.Personalize your plans in improving your metabolism, reducing stress, improving sleep, and optimizing your health with InsideTracker. Use discount code TIP to get 20% off the entire InsideTracker store.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Depend on RBC Wealth Management's investment expertise to build a plan that helps you strengthen your financial security no matter where you are in life.Meet every business challenge -- from point of sale to eCommerce, staff management, business operations, costumer solutions, and so much more by using Square's customized and connected tools.Get 50% off Remote's full suite of global employment solutions for your first employee for three months. Just visit remote.com and use promo code WSB.Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Check out our favorite Apps and Services.Browse through all our episodes (complete with transcripts) here.New to the show? Check out our We Study Billionaires Starter Packs.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Prosus' food delivery losses versus the Tencent profits, Mohnish Pabrai's 2020 and 2021 13Fs Twitter - https://twitter.com/afterinvestor0:00 Intro3:50 Green Brick Partners10:40 Banks19:25 Prosus54:25 Mohnish Pabrai 13F

This week is part two of our interview with world famous investor Mohnish Pabrai! Mohnish is the founder and managing partner of Pabrai Investment Funds and CEO of Dhandho Funds. He is also the author of The Dhandho Investor, which is a book highlighting a “Heads, I Win, Tails, I Don't Lose Much” philosophy to investing. In this episode, listen for:We talk about why he find investing in foreign markets an extremely attractive proposition, and what he describes as the “free lunch portfolio.”Must-Listen Moments : [8:08] - Are markets in bubble territory? [11:40] - How do deals find him? [14:40] - A good place to start for new investorsMore from DIG Capital:Find and listen to more episodes at https://www.digcapital.com/podcastsRead more about real estate syndications and passive investing at https://www.digcapital.com/blogTo invest alongside other physicians: https://www.digcapital.com/joinPodcast Technical Support by: Wayfare Recording Co.

It's a big get for us this week as we have on world famous investor Mohnish Pabrai! Mohnish is the founder and managing partner of Pabrai Investment Funds and CEO of Dhandho Funds. He is also the author of The Dhandho Investor, which is a book highlighting a “Heads, I Win, Tails, I Don't Lose Much” philosophy to investing. In this episode, listen for:Mohnish's trials and successes with using Warren Buffet's strategy of “value investing,” choosing between purchasing individual equities over mutual funds, and how he supports the philosophy of “shameless cloning.”Must-Listen Moments : [6:05] - Mohnish explains his approach to value investing [8:35] - How to evaluate if a business is investment-worthy [22:38] - Investing in creation businesses vs acquisition businessesMore from DIG Capital:Find and listen to more episodes at https://www.digcapital.com/podcastsRead more about real estate syndications and passive investing at https://www.digcapital.com/blogTo invest alongside other physicians: https://www.digcapital.com/joinPodcast Technical Support by: Wayfare Recording Co.

Our guest today is Mohnish Pabrai. Mohnish is a legendary investor, a shameless cloner and an effective philanthropist. He is both, the author and the subject of several books. Mohnish is the founder and Managing Partner of Pabrai Investment Funds, Founder and CEO of Dhandho Funds, Founder of the Dakshana Foundation. He is the author of "The Dhandho Investor" and "Mosaic: Perspectives on Investing". In this episode we talk about how Mohnish cloned his investment style from legends like Benjamin Graham, Warren Buffet, and Charlie Munger. Mohnish shares lessons from his book about businesses and investing. We talk about deep value investing, great compounders and the difference in mindset those styles require. We get into his investment funnel, investing mindset, and what Mohnish focuses his attention on. We talk about other great investors like Nick Sleep, Zak Zakaria, and more. Mohnish shares investing lessons from the sitcom "Seinfeld" and fantastic advice on personal and career development. 

Mohnish Pabrai gives update on Reysas.Mohnish shares why he sold Alibaba to buy Tencent through Prosus.Warren Buffett and Charlie Munger recommend 75% bets on cinches.Becoming a focus investor.Good vs extraordinaryPassing on a Chinese PE of 1Why I sold Alibaba and Naspers to buy more Prosus.More ADI:Blog - https://afterdinnerinvestor.com/Newsletter - https://afterdinnerinvestor.substack.com/YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDgTwitter - https://twitter.com/afterinvestor

You can find the episode on: Spotify, Apple, Google, RSS, and anchor.“It's all about how you gain control over your mind. It's all an inside job.”Hello everyone.I'm very excited to share my conversation with William Green (@williamgreen72), the author of RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life. It's one of my favorite investment books this year because it is about so much more than just investing. William called it a “stealth spiritual book” and I have big sticker on my copy: “This is not a book about investing.”This conversation was a about William's own journey and setbacks, his search for worldly wisdom in everything from Zen Buddhism to Stoicism to the Kabbalah, and the many lessons he learned from great investors. It was the perfect conversation to bookend the year and provided me with a ton of ideas to reflect on over the holidays. I hope you will find it as valuable as I did.Also, William is working on his own podcast (he mentioned it towards the end of our conversation) for which I'm very excited. Keep an eye out for that, I'm sure he'll have some amazing guests and deep conversations.You can find the transcript here. It took a lot of time to clean up the automated transcript and I hope that going forward I'll be able to pay someone to do that work. However, this also means that the transcript is only going to be available for premium subscribers. You can still find the highlights and timestamps below.Today's post is sponsored by Tegus. Tegus is an on-demand digital research platform on which investors share their expert calls. Their library currently has some 23,000+ calls covering many public and private companies and it's growing every day. It's a beautiful business model (I wish I was an investor!) and I could see it scaling up to cover any company and industry you can imagine. I think of it as being able to tap into a library of conversations between industry insiders. For example, I recently read Michael Bloomberg's biography and am working on a piece about his origin story. What better way to find more info about the company than to jump through hundreds of expert call transcripts (thanks to their elegant search function)? I'd encourage you to check it out - they offer free trials.Disclaimer: this podcast is for entertainment purposes only and not investment advice. It does not constitute an offer to sell or the solicitation of an offer to buy any securities mentioned or discussed. Seek your own financial, tax, legal, accounting, or other advisor's advice before making any investment decisions. Do you own work! I am are not your fiduciary or advisor.Highlights:* 2.00: Introduction, William's journey to the book. * "This is not an investment book"* 3.00: “You can see within investing this exquisite complexity of life, all of the ways in which we're living in this murky place, where we don't know much, and we can't tell what the future holds. And yet we somehow have to try to make decisions.”* “Great investors  … they're tremendous pragmatists. And it struck me. I started to think of them as practical philosophers.”* 6.00: “I was working on the last part of the book. Just as COVID was turning our lives upside down. And it gave me an intense sense of my own mortality. And I started to think, well, let me at least leave one thing in my life that's worthwhile. … So there's a sort of grandiosity to the ambition of it where I'm actually trying to create something that will help readers and also at the same time, help myself.”* 7.00: William's study of everything from Zen Buddhism to the Stoics to the Kabbalah. “Tell me about what you're reading and why and how it's influenced your life?”* "I dip into the Zohar almost every day"* “I put in that sentence in the book and nobody has ever asked me about it.”* 10.00: “It's really a coded story about how do you get out of the dungeon when you're stuck, when you feel like you're going nowhere in your life, when you're lost, how do you get out of the dungeon? … And so it becomes a story about consciousness and how could he be free? While he was stuck in jail.* 11.00: “What they would say is this isn't about a fight that you have every generation with the Amalekites, this tribe that the Israelites fought with 4,000 years ago or whatever it was. It's about this war of consciousness with your own doubt. And so if you read the old Testament, literally, you just think it's kind of this meaningless story about fighting the Amalekites. But if you read it in this sense of it's all really about a path of consciousness.”* 12.00: “When I study things like Tibetan Buddhism, which I also find exquisitely beautiful or stoicism, which I found very helpful, I see this tremendous overlap. It's really all about consciousness. It's about how do you gain control of your inner landscape? How do you gain control of your mind? And, and so I think in the epilogue, I quote this great line from the poet Milton, who was blind, who was saying that the mind can make a hell of heaven or heaven of hell.”* 14.00: Sir John Templeton. “I failed to understand that what he was saying is no, no, you have to, you have to win this inner game in order to have a happy and successful life.”* 17.00: Tsoknyi Rinpoche, handshake practice.* 20.00: Jason Karp. “That disconnect between his effort and his performance was torture.”* 22.00: “The inner game of writing or investing is dealing with these fears, your anxiety, your desire to be respected, to have honor all of this stuff. It's your ability to deal with setbacks, your sense that however hard you work, sometimes it just doesn't work out.”* 24.00: Sometimes life has to burn down?* “We can get subtly misaligned and feel that we're going in the wrong direction, but you keep going. Sometimes you need it all to fall apart in a fairly dramatic way, whether it's a marriage or a job health, a career or reputation, you kinda need it to collapse.”* William's own setback and dealing with being laid off during the financial crisis.* 27.00: “One of the things that I liked about studying Kabbalah actually is that they, as I understood it, they would say if you don't believe that there's water, if you just think it's all random and that stuff just happens and it's unfair and is chaotic, you've actually created that reality because if consciousness is everything you see, the world is just chaos and disorder. But if you think there's order and there's something for you to learn and that everything is there for you to grow, then you create that reality. And it reminds me a bit, there's a beautiful [00:28:00] line from Einstein where he said, you can either live as if everything is a miracle or as if nothing is a miracle.”* “If you look at the things you've gone through, whether it's breakdowns of relationships or breakdowns of career, or existential angst, which I've had tons of over the years and you think, ‘God it all lead to these extraordinary things,' that's a totally different attitude and different framing than if you say, ‘God things never work out for me.'”* 29.00: “There's an extraordinary story where the temple, which was supposed to be the holiest place in the world in Jerusalem, burned down and rabbi Akiva, as he's watching, he starts dancing. And so that's an extraordinary thing.If you think of that triumph over sadness, uncertainty, fear about what's gonna happen.”* 31.00: How did he pick the subjects and ideas of the book?* "One idiosyncrasy of this book is that I've focused almost exclusively on investors whom I like and admire." (“I'm particularly drawn to those with wisdom, insights, and virtues that extend beyond an exceptional talent for making money.”)* 37.00: Bill Miller* 40.00: “And so I saw Bill dealing with this very painful staff in a really honest and honorable way. And he would say well he didn't realize how catastrophically wrong I could be because he said when you've been right, right, right. For all of those years, you said, even though theoretically, you know, that you need to be humble, you actually start to believe that you know what you're talking about.”* 43.00: “I write at some point in that epilogue, I say there is as great honor in the simple virtue of perseverance. And I don't say that lightly. I think that really deeply, I mean, there's something, one of the things about writing is that when, when you really simplify and distill things, you're always worried that people will see how banal your mind is and how trivial you are.* But, actually truth is pretty simple, I think. And so for me, when I'm condensing it down to that, I mean, I said there are two great lessons for me from Miller's Miller's downfall and recovery, because his recovery has been equally spectacular. One of them is about the simple virtue of perseverance and [00:44:00] one of them is everyone suffers.”* 46.00: “Life as a series of adversities that give you an opportunity either to behave well or badly” (Munger)* 48.00: How do I regain sort of control or semblance of control of, of the inner game or if my mind? Is reading enough?* 51.00: vice admiral Stockdale, * 53.00: “I used to be immensely impressed with the beauty of Miller's mind. When I was first writing about him in my twenties, there was something really wonderful about the fact that he was just so darn smart, just brilliant mind and brilliant moneymaker and gambler who outwitted everyone else.And gradually as I got older, I realized that actually what I admired most was his extraordinary resilience. And the fact that when faced with this incredible setback, he handled it just incredibly well. And, and there was a moment that I, I don't think I write about in the book where I was in his garden of his home in, in Maryland. … And he was living in a way that was deeply aligned with who he is. And he would show up for work every day and in jeans and a black t-shirt. … And I said to him, it's really amazing, it's kind of like Miller Unbound.You don't take orders from anyone. You're in control of your time, your [00:55:00] schedule, everything. And he's like, yeah, that's the best. And I, could just see that there was this kind of personal victory of this guy who is now 70, 71 who'd come through this storm and realigned himself afterwards in a way that was deeply true to who he is in all of his glorious idiosyncrasy.”* 58.00: “And, and so I'm not super impressed just with the ability to make money and not live a more thoughtful life. I think I was more impressed with that when I was younger. I liked that aspect of the [00:58:00] game of just being able to outwit the crowd. There's something about that, that I found very, very appealing.”* 59.00: What is it like to write about people who are very successful financially? Is there a downside (envy)?* “Why their lives resonated with me, whether it was a Bill Miller or a Nick Sleep, or a Monish Pabrai or Charlie Munger, in some ways they were all outsiders who had diverged from the crowd. And they were thinking in a very, in a very free way, they were questioning conventional opinion and they had constructed their lives in a way that was very true to who they are. So that resonated deeply with me because I could see that I was also an outsider who at least in my own mind who didn't naturally want to go with the crowd.”* Ed Thorp, Monish Pabrai, Irving Kahn* 1.03.00: The value of freedom and independence.* “I remember at one point working on a project with someone I really disliked who was kind of a bully and threatened me at one point and Monish said to me, you know, if you had had a bit more money, you just would have walked away and said, you know, f**k you. And, and I realized that was true.”* “It's been clarifying to me too, to know that being aligned with who you are in a deep sense is, is a very important thing. That that's the goal. It's the independence. It's not, it's not the number of zeroes in your [01:06:00] account. It's actually living in a way that's true to who you are.”* 1.11.00: Self awareness and lessons for non-professional investors. “Stumbling” into the right strategy.* From the book: Nick Sleep: "as luck would have it, he had stumbled into a field that perfectly suited his idiosyncratic mind."* "It also helps if, like Marks and Price, you stumble into an opportunity that happens to suit your talents and temperament."* Eveillard: "He had the good fortune to stumble upon Graham's value-oriented principles, which gave him an analytical edge."* 1.17.00: “Mohnish is optimized, as he once put it to me for the game of investing. He is very rational. He plays the odds. He loves playing, playing blackjack and poker and things like that for money. I mean, he figured out a card counting technique, basically. But he said it's incredibly slow and boring. But that he has the patience for, I can't play games. I find games incredibly tedious, even something like Scrabble, [01:17:00] which I should love as a word person. I'm too impatient for it. And so I have to accept the fact that I'm just not optimized to play the game of sitting in a room reading annual reports and occasionally finding a mispriced gamble, like a Munger does. That just doesn't suit my temperament. And so I have to outsource stock picking to other investors who are better suited for it. And so I think just that self-awareness of saying, am I playing a game, the plays to my strengths, my talents, and my interests.”* 1.20.00: Writing a substack vs. a book.* “And I would work 70, 80 hours a week, very consistently. It was a young man's game. It was very intense. And I think I was good at my job, but I don't think [01:22:00] probably ultimately it really suited my talents and, and it may be. Getting laid off, I'm being forced to, to figure out what should I be doing?Actually set me on a path of writing books. That's much better suited to who I am. And I love writing books. I always adored books. I love the feel of books. And I love podcasts. I love the fact that you can, you can sit and just have a thoughtful conversation. And so those are very idiosyncratic reactions and choices.”* “I write about it very briefly with a guy Mike Zapata who was in seal team six, which is the unit that, that famously killed Osama bin Laden. And he ended up setting up a hedge fund and he said to me yeah, there are three things that are important to me. He said God, family and fund in that, in that order.And he said, even this conversation that you and I are having it's a little bit outside that. And he said, that's okay. But he said, I just need to know that I need to keep coming back to God, family and fund. I, that was really helpful. And there was something, something kind of wonderfully tactless and lacking in terms of [01:25:00] EQ that he told me that.”* 1.29.00: Ed Thorp, Irving Kahn* 1.31.00: “And you look at Ed Thorp and he said, when I asked him about what he regretted in his life, he said I don't regret any of the principled decisions that I made. That's a really interesting comment. So then you think, ah, looking back in his 80s, he's really happy about the principled decisions he made, even when they worked against him, even when he made less money.”If you enjoy my work, please consider sharing it with friends who might be interested. It would mean a lot to me and help me make this my life's mission.

Donate To Our Movember Team Here: https://movember.com/t/margin-of-shavety?mc=1 Thanks to Sharesight for sponsoring this episode! 4 Months FREE of Sharesight Portfolio Tracking http://bit.ly/sharesight-younginvestors In this week's episode, we discuss stock trades from the quarterly 13F filings from Warren Buffett, Mohnish Pabrai and Michael Burry, the insane Rivian IPO and inflation numbers. Submit your audio clips: younginvestorspodcast@gmail.com The Young Investors Podcast explores the ideas of Value Investing, ideas that that were originally formed by successful investors such as Ben Graham, Warren Buffett and Charlie Munger. The show is run by two young Australian investors; Hamish Hodder and Brandon van der Kolk, who both run their own investing related YouTube channels.

My guest in this episode is Mohnish Pabrai, who I first met at the Berkshire Hathaway AGM in 2014 in Omaha, Nebraska. Mohnish is the Founder and Managing Partner of Pabrai Investment Funds and the author of "The Dhandho Investor," which is just as useful if you're interested in learning about investing as it is for entrepreneurs. He was featured in William Green's recent book "Richer, Wiser, Happier," which William discussed in one of the previous episodes of this podcast. Mohnish plays bridge with Charlie Munger, and he's a shameless cloner. He describes what being a cloner means and how he thinks about investing, how he learns from others and how he changed his mind about business, investing, COVID and many other things. What Is Covered:   - Mohnish's family background and what he learned about business from his parents  - How Mohnish discovered Warren Buffett and decided to clone his approach to investing  - Why there are not many cloners in the worlds of investment and business  - Examples of cloners among the biggest companies in the world  - The investing lessons learned from the dotcom boom and bust  - The concept of 100 baggers and how mindset plays a crucial role in investing - What he has learned from getting to know Charlie Munger Key Learnings and Takeaways: - Most humans have an aversion to cloning; 2-3% have quirky wiring and are aggressive about cloning, and 95-97% don't care about it - when they identify something interesting that someone else is doing, they believe the opportunity is over.  - The Holy Grail of investing is to own a business with favorable economics, bought at a reasonable price and held for a very long time, with some good growth engines. - The error rate in the investing business is very high; if each time something goes wrong we zoom in to get lessons, many times we are going down rabbit holes that are not productive. We need to learn when we stumble, but not learn too much. Links and Resources Mentioned in This Episode:  - Pabrai Investment Funds https://pabraifunds.com/  - Mohnish Pabrai's Website http://www.chaiwithpabrai.com/  - “The Dhandho Investor: The Low-Risk Value Method to High Returns” by Mohnish Pabrai https://www.amazon.com/Dhandho-Investor-Low-Risk-Method-Returns/dp/047004389X  - “Berkshire Hathaway Letters to Shareholders” by Warren Buffet https://www.amazon.in/Berkshire-Hathaway-Letters-Shareholders-1/dp/0615975070  - “Nomad Investment Partnership Letters to Partners by Nick Sleep and Qais Zakaria https://igyfoundation.org.uk/wp-content/uploads/2021/04/Full_Collection_Nomad_Letters_.pdf  - “100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunity” by Thomas William Phelps https://www.amazon.co.uk/100-Stock-Market-Distinguished-Investment-ebook/dp/B09BNRXZJ4/  - “Richer, Wiser, Happier: How to World's Greatest Investors Win in Markets and Life” by William Green https://www.amazon.co.uk/Richer-Wiser-Happier-Greatest-Investors-ebook/dp/B08FXTLBH2/  - William Green: Richer, Wiser and Happier on OutsideVoices Podcast https://outsidelens.com/richer-wiser-happier-practical-wisdom-from-some-of-the-worlds-greatest-investors/  - Joel Greenblatt: The Common Sense of Long-Term Investing on OutsideVoices Podcast https://outsidelens.com/joel-greenblatt-the-common-sense-of-long-term-investing/ Connect with Mark Bidwell: - LinkedIn https://www.linkedin.com/in/markbidwell/  - Twitter https://twitter.com/markehb

Mohnish Pabrai is the founder and Managing Partner of Pabrai Investment Funds. In this show, among lessons on life and investing, we talk about the biggest lessons Mohnish has learned from the people with whom he has been the closest in life – his father, Warren Buffett, Charlie Munger, Nick Sleep, and Guy Spier.

Topics:What I've learned so far about Alibaba.Cash allocation update.Keeping an eye on oil service companies.Seritage CEO speaks.More thoughts on Seritage and a quote from Mohnish.Peter Theil and Ted Weschler.Why I deleted my Twitter account.What I'm reading:Buffett: The Making of an American Capitalist by Roger Lowenstein - https://amzn.to/2TaC1UvReferences:Alibaba: The House That Jack Ma Built - https://amzn.to/3xB3xsCJack Ma's Ant in Talks to Share Data Trove With State Firms - https://www.wsj.com/articles/jack-mas-ant-in-talks-to-share-data-trove-with-state-firms-11624442902Cash Flow of World's Oil Drillers Heads for Record $348 Billion - https://www.bloomberg.com/news/articles/2021-06-23/oil-producers-to-make-record-profits-this-year-report-saysSeritage Growth Properties - NAREIT Presentation - https://vimeo.com/565778496Seritage CEO Andrea Olshan on Unlocking Value for SRG Shareholders - https://youtu.be/JDwhhGPN9FMDozens of Ex-Sears Stores to Hit Market as CEO Culls Assets - https://www.bloomberg.com/news/articles/2021-06-24/dozens-of-ex-sears-stores-to-hit-market-as-new-ceo-culls-assetsLord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank - https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bankTed Weschler statement - https://www.documentcloud.org/documents/20971124-ted-weschler-statementWarren Buffett Filing Indicates Berkshire Hathaway Bought Back $6 Billion of Stock in 2nd Quarter - https://www.barrons.com/articles/warren-buffett-filing-indicates-berkshire-hathaway-bought-back-6-billion-of-stock-in-2nd-quarter-51624487156After Dinner Investor - https://afterdinnerinvestor.com/

In this episode we'll dive into a story about how Mohnish Pabrai made a 55%+ return on his Frontline investment (in a few months!). The story takes place in the early 2000's, but there's some great timeless lessons to learn from Mohnish's approach. By the way, in case you're wondering, Frontline is a company that transports crude oil around the world using massive ships. We'll go over how Mohnish used a mental model to figure out this was a good opportunity, and we cover the importance of having a circle of competence in investing. Sources: https://www.youtube.com/watch?v=XNtWcAag9as&ab_channel=MohnishPabrai https://www.morningstar.in/posts/38503/2/mohnish-pabrai-how-to-profit-from-uncertainty.aspx Podcast website: Wall Street Vision Investing Podcast Get in touch with Vlad: Wall Street Vision - Contact Disclaimer: This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.

1 (4s): Good morning. Harvest Church family. How's everybody doing today? Yeah. Good to see your smiling faces here in the room and to everyone watching around campus and Work or wherever you're tuning in on the line. Welcome. We're so glad that you tuned in to join us and worship together. If you have some space while you stand, if you're able and join in preparing your hearts and your bodies for worship this morning, and to bring praise to his name today, let's take a moment and just invite his presence. Pray that you would fill our hearts with worship. 1 (44s): Thanks this morning that you would remind us of your faithfulness towards us, your goodness, and your mercies that follow us all the days of our lives has got. We know that when we catch a glimpse of you. And so we just bring you our hearts today and just bring a sacrifice of praise and lay it at the altar, ask you to meet us here in the mist. I love you, Lord and worship 0 (1m 22s): Jesus 1 (1m 31s): 0 (1m 36s): displace everything at the alter. 0 (9m 30s): This 1 (12m 23s): Yeah. There's anybody in this space here or anywhere on campus that feels like in the word of encouragement has to be a great time to just bring that. I know maybe you won't be able to hear it from different rooms, but let's just lift it at right where we're at. If a prayer or the Lord's put on your face. 0 (12m 37s): 1 (13m 46s): You know, you love to encourage us God to make us aware of your presence. 0 (13m 52s): 1 (14m 19s): Can you turn it? 0 (14m 23s): this morning. 1 (19m 60s): That's the experiencing of circumstances. It's difficult that you would meet them in how to show them more than when you work all things together for good. You help us to be patient. 0 (20m 12s): See the hand of the Lord in her life. You care for us. So deeply. 1 (20m 21s): The enemy would love us to believe that you've forgotten us, that you've abandoned us. And that's the furthest thing from the truth. Your word says that you never leave us. You never forsake us. And that your presence is always with us. And so we thank you for new mercies today. We just drink it. Every ounce that we need, fill our tank for this week, or we, you, we depend on you. We call upon you this morning for all that. We have need to come and heal every ache in our hearts and every pain in our body and every anxious thought, how would you wash it away? 1 (21m 4s): Bring peace to pass our understanding this morning. As we look to you, Jesus, the author and perfecter of our faith. Thank you for your presence here with us. Would you continue to minister deeply to our hearts as we dive into your word this morning, as we continue in worship, love you. Pardon me? Thank you for these opportunities to come together as family to worship you and know you more. You love you give your more hearts in Jesus name. Amen. Well, this is the time that we love in the middle of service, where you get to meet somebody. If you haven't met somebody at, please say, hello, meet someone new. 1 (21m 48s): Those who are on campus. Take a moment and we'll be back in just a few minutes with them and how sense. 2 (21m 55s): So, and if you're joining us online, we're glad to have you as well. Looking forward to having back here in service and gathering through this way. Hey, we have, if you like to golf, got some exciting news for you. We have a golfing club starting up. It meets one Sunday per month, not during service after service. So the first gathering will be a Sunday, February 7th, and that we 1:00 PM at Cypress Ridge. And you can click on the connect link on the website or app to sign up for that. Just to give us a heads up on notice. If you're going to be coming, let's see we have midweek prayer. I want to remind you guys about that. So mid-week on Thursdays at 8:00 AM in the loft. 2 (22m 36s): We gather for prayer and it's a powerful time to join together and everyone is welcome. And then just a reminder that we're collecting lifeline bottles this week. So if you, if you filled up your bottle, a change or checks or cash or whatever, go, go drop those back off with them, bless them. And then also, Hey, just a great way to connect with our churches, the Harvest Church app, and that you can download it on your phone and that'll keep you posted on ways to connect with our church and the everything that's going on. So that's all I got. That's all I got was easy one this week. Yeah. So can you hear me now? 2 (23m 44s): Yeah, there we go. Hey, welcome. How 3 (23m 46s): Is everyone 4 (23m 49s): I'll start over. So, 3 (23m 51s): So we did have a Memorial service yesterday and it was, 4 (23m 54s): Was really, really, really good. 3 (23m 57s): Good. I'll tell you when you do a Memorial service or somebody who's given their whole life to Jesus, 4 (24m 2s): It's easy. It really is. 3 (24m 4s): It's, it's easy to talk about their lives. It's easy to talk about their impact because it was vast. This gal, Terry gainer died at 60 years old, but she so she's young, but she may have spent her whole life serving Jesus and impacting people for the kingdom. And so it was really a celebration of life. We got to talk about all of her impact and all of the stuff that she accomplished in her life. And it's it's, it should be an inspiration for all of us that man, we've got life to live for his kingdom, things to do for God. And, and he will use us when we allow him to use us. We're talking about Work today and I gotta be honest with you. When I started thinking about the topic of work in second Thessalonians, chapter three, I wasn't thrilled about it. 3 (24m 48s): I was like, Work what a boring topic, you know? W what am I going to say about work? And I thought, Hey, everybody is working. Everybody's got, everybody's got stuff going on. So before I get into that, I got a quick joke. You guys ready for a joke? What do you call it? Toothless 4 (25m 5s): Bear. A gummy bear. There we go. 3 (25m 9s): A gummy bear. Simon Hobbs gets five bucks for that one. Simon Hobbs also gave me this joke. 4 (25m 16s): Knock-knock interrupting bear, Bri interrupting, bear interrupted. 3 (25m 27s): Can you make sure Simon Hobbs gets this $10 here? Sam bull five bucks per joke, five bucks per joke. That was the deal. So if, if you give me a joke that I use on a Sunday morning, then I'll give you a five bucks. Is that a fair deal? Cause I I've read all kinds of joke books and some of them are really bad. The ones that I want to tell on Sunday morning are really good. Like the one that Simon just told me Simon's about eight or so. So he's, there you go. He always comes up with a good joke for me. So as I thought about Work, I thought, what can I talk about Work? So I've been in full-time vocational ministry for a couple of decades. And before that I was in sales and marketing and I thought, you know what? Those are some of my best years. 3 (26m 9s): I mean, I've loved being in full-time vocational ministry as well, but when I'm thinking about impact, I mean, I think I've had some impact in full-time vocational ministry as well, but most of us aren't in full-time vocational ministry and we have the opportunity in the world to have an impact. And so I started thinking about my life and work and ministry, and I just about every day of my life in secular work, I had an opportunity to minister, to somebody in some way, whether praying for them or telling them about Jesus somehow some way 4 (26m 40s): God used me 3 (26m 42s): To do that. I didn't know how, in fact, my sales trainer, when I was 23 years old, I had a sale outside sales job. And the guy training me was also a Christian. And he would walk away from a meeting and I'd be in a conversation with somebody and we'd be talking about Jesus when he came back and he'd be like, how in the world do you always steer the conversation toward Jesus? I said, it's really easy. I, they asked me about my life. I tell them I went to Bible college and that just opens the door wide open. So I, they asked me about Bible college and they asked me about, you know, all of this stuff. And then somehow we just have the conversation turned towards Jesus. But I think when Jesus is our focus, the conversation can easily be turned toward him. And so over that, I was just thinking about it over the course of my life. 3 (27m 23s): And this isn't a, this isn't a Pat myself on the back, but this is just what God can do through us when we just are yielded to him. And when we're thinking about him in the course of our day and throughout our lives. And so I was thinking, I I've been able to tell, tell people about Jesus, straight people, gay people, contractors, architects, prisoners, you name it. Cause I, I had sales, a sales territory where I visited like five or six prisons and sold to the prisons prison industries. And so I'd go in and talk to people in prison industries. And I would tell them about Jesus and sell product as well. But I always tell them about 5 (27m 58s): Jesus. And 3 (28m 0s): It was just an open door of opportunity, especially people in prison. You've got a captive audience they're just there and they got to listen to the captive audience. I was a chaplain as well. And so I use that joke a lot. It it's, I guess it's getting old. So I'll stop using that joke. But the point is I thought about working at Work is Awesome Work is, is a open, open opportunity. It's an opportunity for us to share the gospel with people, to pray for people. I remember I was at Work a years ago and this guy, he was, he came to work really sick and not feeling good. I said, can I pray for you? And so I just, he said, okay. And I just prayed for him a simple little prayer and then just left it in the Lord's hands. And then just over the course of time, I remember another guy he had just, just been searching for the Lord and he can, he confided in me that his girlfriend had an abortion and he was just grieved over it. 3 (28m 53s): He was just grieved over this decision that they had made. And so we had, I had a chance to just administer the grace of the Lord, Jesus Christ, the forgiveness of grace of God, to him and, and really powerful things happen. And that guy is still in church to this day. Powerful things happen when we avail ourselves to the work of Christ and it doesn't have to be heavy handed and it's not meant to be heavy handed. It's just meant to be out of the, out of the course of our lives. We're just meant to share our lives with people and part of our lives, a big part of our lives. If we're Christians, is that we man, we follow Jesus and Jesus has got stuff to say about stuff. So sermon title today Work is Awesome. So I went from saying, man, I don't want to talk about Work at all to this title that says Work is Awesome. 3 (29m 38s): Why is Work Awesome well, we were created to work. We're going to get into second Thessalonians, three chapter six, chapter three, verses six through 18 here, just in a few minutes, but we're going to take a few minutes to get to that, that chapter and verse there. Why is Work Awesome we were created to Work God has purpose for our work. We forgot to pray. Let's go and stand up and pray Lord, as we talk about Work today, we just want to avail ourselves to you. I know some of us need to be changed challenged in our area of work. Some of us need to be encouraged and some of us need to be informed. 3 (30m 20s): And so Lord, I pray you would do all of the above in Jesus' name, that you would open up our hearts and minds. We, you would give us creative ways to minister in our work, but also give us a different perspective about work and just the value of Work got to remind us of truth in your word, what you say about work and what you expect from us about concerning our work. Lord God. So I pray Jesus that this wouldn't be just a conversation about work, but it would be a conversation about kingdom and work and how our work is meant to impact the kingdom. So I think everything is supposed to be about the kingdom. So your will be done in that regard. We pray in Jesus' name. 3 (31m 2s): Amen. Amen. You can be seated. So we were created to work. God has purpose for our work. And so we're talking about the practical benefits of Work, but God has more than practical things to say about Work. He's got more than practical things in mind and, you know, paying the mortgage, buying a car, raising kids, kids, all of those things are important. But when we think about what God might do with our resources, as we work our work time and we're in a job eight, 10, 12 hours a day, interacting with people eight and 12 hours a day, and that's opportunity to build relationships. I have relationships with men that I worked with going back to that guy who trained me in sales, going back to my sales manager over 20 years ago, I can, I can recount relationships with people that I'm still in contact with more than two decades later, because there was something besides just work that we had in common. 3 (32m 4s): We decided to share a life together. And one guy in particular is not a Christian, but we've shared life together. And I've shared the gospel with him over and over and over again. And I'm sure that before he passes one day, he is going to give his life to Jesus. That's my confidence. Why? I dunno, I just keep praying for him. I just keep believing for him. And I just keep talking with him and I keep loving on him, not with the motivation to see him save necessarily. But as a Christian, that's always part of the deal. We always want to see the people that we love come to faith in Jesus so that they can know Jesus, the way that we love Jesus, but we don't just love them for motivation. Otherwise, people see through that. So we've got to love people just because we love them. 3 (32m 44s): I have conversations with them with a sincere heart, not with a motivation to share the gospel, looking for an opening, but when the opening is there, we can lovingly do it and sincerely do it because God has opened the door. Does that make sense? Remember, sharing on job sites with, with contractors and, and builders and architects, and it didn't matter who it was. God, just, God, just, there was always an opportunity there that, you know, God used to, to, to give me the opportunity to share the gospel. People would ask for prayer. People would just ask all kinds of questions. 3 (33m 25s): And then out of that, see, we have to be willing to share the truth though. Like, like, you know, w we have to be willing to share our faith with people and not be afraid to do that because people are hungry for something of real truth. You know, I know that I was when I got saved and I'm still that way today. And here we go, God has purpose for our work. And we're going, we're going to be talking about the practical benefits, but also the spiritual side of work. Did you know that there was a spiritual side to Work? I just explained it. There's a spiritual side to work and it's Awesome God has little things in mind. If you attempt to talk to a dying man about sports or business, he is no longer interested. He now sees other things are more important. 3 (34m 9s): People who are dying recognize what we often forget that we are standing on the brink of another world. You know, you don't have to wait to die to have that perspective, to realize that we're standing on the brink of another world. You shouldn't have to be dying to have that perspective, right? You shouldn't be dying to, I mean, you can get it when you're dying, but you should get it now. Like when you're young and vibrant and can make, make something of your life. Often we think work is the result of the fall. Like, Hey, before the fall, there was, there was no Work. That was Work before the fall work is not the result. So the fall we were created for purpose, and part of that purpose is Work God modeled Work for us in the creation account, in his constant work, in the universe. 3 (34m 52s): So in the creation account, we see God worked 16 days. He created everything on the seventh day. He rested, but also in our day-to-day lives, we see the work of God in the universe. We see God sustaining the universe, God listening to our prayers, God working as he ministers to us in our lives in Genesis two, one and two in the English standard version, it says, thus, the heavens and the earth were finished and all the host of them. And on the seventh day, God finished his work that he had done. And he rested on the seventh day from all his work that he had done. So there's a time or rest, but it's after the Work is done, right? 3 (35m 34s): We have work to do. And I would challenge you to be asking the Lord what it is that he's got you to do. I've got a buddy of mine, who he was here today and he hangs out down at, and he's all the time because he's looking for God to open doors for him to ministry. He's got a semi-retired, he's got a job and that sort of thing, but he's down at Andrew. And he's because he's realized that God's created opportunities. Andrade is just a coffee shop down the street here, but he's realized that as he sits there, God brings people to him. And he's got an opportunity to pray for people and minister to people and to share the gospel with people. So he makes that part of his daily routine. Lord, 4 (36m 8s): Where do you want to use me? I want to be 3 (36m 11s): Available, Lord. That should be our attitude. And our perspective, God wants to work through us. God works. And God created man to Work Genesis two 15, the Lord, God took the man and put him in the garden of Eden to work it and keep it. So that was before the fall. So before the fall, God created people to work. He's created us to work. And then after the fall more Work we see in Genesis three 23, therefore the Lord sent him out from the garden of Eden to work the ground from which he was taken. So throughout biblical history, God has given Work for his creation to accomplish. Have you stopped and asked the Lord, what is it that I'm here 4 (36m 53s): To do? Besides what 3 (36m 55s): I do for a living in the midst of what I do for a living, how do you want to use me in the midst of that? And outside of that, what do you want to do with my life? Work is how things get done. In fact, nothing can actually happen unless 4 (37m 9s): Work is done on, on 3 (37m 14s): Friday, I was at the office working and I ended up talking to a guy, Jim Autry, Jim usually sits right around there about second service. And Jim was here with Joanne and they were working in as volunteers around the property. And I said, you know what? I so appreciate your work around here. And they, they go around and they, they knocked cobwebs down off the building and they dust buildings and they cleaned buildings and they just do whatever is needed around the property. And he said, you know what? It's the most fun thing in the world to be here, working for God and just keeping the facility up. There is something that we can be doing with our work that points people to Jesus and glorifies. God, why has Work Awesome number one, work is enjoyable. 3 (37m 56s): If you notice that now work is work and sometimes it's not enjoyable, but some of my best memories in life is around Work. Whether it's vocational stuff or just work around the property. 4 (38m 10s): There's something very gratifying about Work. 3 (38m 13s): I just built a greenhouse a few months ago in my backyard, and it's not perfect, but it's the work of my 4 (38m 18s): Hands, right? 3 (38m 21s): When the rain, the, the roof kind of sags when it rains a little bit, cause it's a corrugated stuff, but so you have to pick it up and put the water, but you know, it's my 4 (38m 30s): Roof 3 (38m 32s): And it's my greenhouse. And I got to build that thing from suffering my property. And, and there's something very gratifying about it. When the grass is freshly cut, my son comes and cuts our grass. And when it's freshly cut, it's just this amazing looking yard because it's freshly cut. There's something gratifying about work. Work is enjoyable. Genesis one 31. After the creation, God saw everything that he had made and behold it was very good. We're like, God we've been created in his image. So we look at the things that we have done, the ways that we have worked in the ways that we haven't been productive and we can be very happy with those things. And there was evening and there was morning. 3 (39m 12s): And the sixth day, God saw that he had what he had made. It was very, very good. We were meant to step back and look at our own lives and say, man, that was very good. I am so glad that God used me in this arena in this way, because I've had impact so that when you get to the end of your life and you expire and you get translated to heaven, people are going to be able to say that person like we did with Terry gainer yesterday, that person worked for God's kingdom. She worked in the church, she worked with women's ministries. She worked in human trafficking. She worked in all of these areas and arenas so that people might know Jesus so that she might point people to Jesus. 3 (39m 58s): So at the end of her, life is just easy. We just tick off all the stuff that she did. It was easy. It was like, she did this and this and this. And we talked about this and this and this. And it was just like, it was a celebration of her life because it's, it's appointed once for man to die. Then the judgment she was able to stand before the Lord. And I said, I, I promise you. She got before the Lord, she heard well done, good and faithful servant well done. And that's our desire. We want to hear that. We want to hear well done. Good and faithful, servant, Jolene. And I worked together here at the office and we ride together a couple of days a week. And at the end of every day we get home. We S we talk about work. And because she's in one office, I'm in another office. And we talk about our day at the end of the day. 3 (40m 40s): And the most enjoyable days is when we get something accomplished, when we get something significant accomplished, there are days when we're just doing, you know, to do stuff and that sort of thing. But our best days is when we get something to accomplish, I would say set out every day to get something accomplished, ask the Lord two questions, asking number one, what am I going to do today? And in that, what do you want to do today? What am I going to do? And what do you want to do through me? Just ask the Lord those questions when you get up in the morning and just watch how the Lord will sear conversations, whether it be at the market or with friends or at work, ask the Lord to steer the conversation so that you might pray for somebody, encourage somebody. And do you, the work that God has called you to do work is work, but it is enjoyable when we've got God on the throne of our lives. 3 (41m 30s): And when he's directing us, do you believe that? Is that possible? You say, well, I hate my job. I've had seasons in life where I've hated my job as well. And sometimes you just have to endure it. And then in the midst of that, God does some good stuff. But if you're in a terrible scenario with Work, maybe you need to shift your, your job because nobody needs to be miserable, doing something that they don't love to do. But maybe the Lord just wants to change your perspective and give you a fresh vision for what you 4 (41m 57s): Do. Ecclesiastes. 3 (41m 59s): Five 12 says people who work hard sleep well, isn't that true? Like you've finished up a hard day. You're like crash. You hit the bed. And you're so grateful for the hard work, but grateful for the nice bed to fall into. Why is Work awesome. Work is enjoyable. Find a way to enjoy what God has called you to do. Number two Work is how resources are gathered. So just an obvious statement. Work is our resources are gathered. Proverbs 12, 11 says whoever works, his land will have plenty of bread, but he who follows worthless pursuits, lack sense. 4 (42m 40s): A guy told 3 (42m 41s): His friend you're so lucky. Everything goes your way. And his friend said, you know, it's funny thing is the harder I work. The luckier I get, you know, hard work is part of the deal we have to get up. And I'll just tell you this, too. If you're going to be, if you're going to try to be a witness for Christ on the job site, you better work 4 (43m 1s): Really, really well. Like 3 (43m 3s): You can't be a Slav and try to witness for Jesus, because nobody wants to hear about Jesus from a Slav. Amen. So don't show up late. Don't be a slob. Do what you're told to do. And don't be telling people by Jesus when you're supposed to be doing your job. All right. So work hard and wait for the Lord to open up doors of opportunity. Christians, people of faith should be people in the Christian face should be the best workers out there. We should be more diligent, more vigilant, more, better informed. We should be doing what God has called us to do with our very best effort, putting God at first and everything and making, making, making excellence. 3 (43m 43s): Our goal. 4 (43m 46s): I read 3 (43m 46s): This quote, your destiny is not a matter of chance. It's a matter of 4 (43m 52s): Choice. So 3 (43m 53s): You get to choose how you spend your life. Am I going to spend my life honoring Jesus? Or am I going to spend my life just pursuing my own? 4 (44m 3s): Your suits? Work is part of our, the fabric of who we are. 3 (44m 12s): I had a friend, his name was Dave Fletcher. Dave passed away earlier this year, Dave Fletcher, his last name was Fletcher, you know, to Fletch's Fletcher those little feathers on the arrow. The end of an arrow, you know, and a Fletcher is someone who puts those fletches on arrow shafts. And so some were in my friend, Dave Fletcher's lineage, they were Fletchers. And so his name became Dave Fletcher. I know of another guy. His name is Stephen J preacher. This guy is not a preacher, but somewhere in this guy's lineage, most likely he had a preacher in his family. 3 (44m 52s): I was doing after the Memorial service yesterday, there was some guy here that I didn't know when he yelled out across the parking lot. Hey preacher, good job. Like, Oh, thanks. But were identified by the things that we do, right? Preacher's got some negative connotations, I guess, but we're all called to preach the gospel. We're all called to proclaim the gospel. And so if somebody calls us preacher, a Bible Thumper, those were my nicknames. When I was in business, people say, Hey, there's the Bible Thumper. I'm like, whatever. That's what I am. I guess I'm free. Sure. Whatever. Didn't matter, they could call me something else. That would have been a little more derogatory, but they let me, they, they call me that. 3 (45m 34s): So that was fine. So what, what, what would a, if someone, if you were to get a new name today, what would your name be? 4 (45m 44s): What would it be? 3 (45m 47s): So my name, my name is Steven Henry. What would, what would they call me now? Where they call me Steve and preacher, or they call me Steven jerk? What would they call me? I dunno, but make your work be synonymous with who you are, but let your work be the part of the fabric of who you are and watch what God will do. The apostle Paul was a hardworking servant of God and took seriously the responsibility of hard work. And he talks about it in this letter in second Thessalonians, chapter three, he talked about it in first Thessalonians as well. The topic of idleness laziness. He addresses it in both letters because obviously there was something going on in that Church some idleness going on and Paul spends a good amount of time. 3 (46m 32s): In second Thessalonians, chapter three, dealing with idleness. It matters to God, how we spend our time and it reflects on our character, how we spend our time and how we spend our lives. Second Thessalonians, chapter three, we're finally there verses six and following. And now dear brothers and sisters, we give you this command in the name of our Lord. Jesus Christ. Stay away from all believers who live idol lives and don't follow the traditions they received from us. 4 (47m 6s): Wow. 3 (47m 8s): Which is pretty strong language from the apostle Paul, right? He's saying he issues this command and he can't give this command any stronger than he did. We issue this command in the name of the Lord, Jesus Christ. So following that type of introduction in this verse, you think Paul's got something serious 4 (47m 31s): To say, 3 (47m 32s): Yeah, he does. He's got something serious to say the command is given about as strong as it can be in the name of the Lord, Jesus Christ. What's the command. Stay away from all believers, stay away from all believers who live idle lives and don't follow the tradition they received 4 (47m 49s): From us. 3 (47m 52s): So again, Paul addressed the same issue and in his first book to this Church, and now just a short time later, he's hearing that the problem still persists and by God's grace, he wants to challenge it again. Maybe you're hearing this about this topic of Work a couple of times in your life. Maybe the Lord is trying to speak something to you about your diligence at work. Where is your, your, your, your witness at work? Maybe God's trying to communicate something to you. He loves us enough to communicate things more than once. Stay away from believers who live idle lives and don't follow the traditions they receive from us in Paul's first letter to the church. 3 (48m 34s): First Thessalonians five 14, the church was directed to admonish the idol. So here he's saying, stay away from them. And we're going to hear more than he said in the first letter he said, but it Mohnish them. I bring correction to them. You think, well, it's not a big deal, right? If somebody is lazy, it's a big deal. Actually. Why? Because God's created us for purpose, for good works to be accomplished in the earth. And so when we're as Christians not busy doing what God has called us to do, it's a big deal because we're wasting our lives. We're wasting our influence. We're wasting our, our impact here in the, in the earth. And Paul knew all about that because he spent the first part of his life, persecuting God's followers, the church, and then God got ahold of his life and radically saved him. 3 (49m 20s): And now he's spending the rest of his life, making sure that people know Jesus and know the truth about it. 4 (49m 25s): God, 3 (49m 28s): This issue of idleness continues to be a problem because Paul spends a large portion of this is a pistol focused on it. And in fact, next to the second, coming in this epistle, Paul spends more time on this topic than anything else. Anything what's the big deal Paul, get over it. It's a big deal. Apparently the Holy spirit through the function of God, through this, through this inspiration of the Holy spirit of God, speaking something through Paul about idleness, there is something to be said here, that something to be listened to, what does it mean to be idle? Basically, we're going to see from the context of this and the text here, that it means those who refuse to work 4 (50m 12s): For 3 (50m 12s): Seven for you know, that you ought to imitate us. We were not idle when we were with you. 4 (50m 20s): Paul 3 (50m 20s): Was not idle. When he was preaching the gospel, he was a tentmaker. He was busy earning an income. He was preaching the gospel, whatever idleness is, Paul wasn't it. Paul was a tent maker, a church planter, an evangelist, a missionary. He was busy doing what God had called him. 6 (50m 41s): Do you do 3 (50m 44s): There's eight. Paul said we never accepted food from anyone without paying for it. We worked hard day and night. So we would not be a burden to any of 6 (50m 53s): You. So he's communicating 3 (50m 56s): Something of the urgency to get busy, to be productive. If you pay your way, you're probably not being idle, but if you're a burden to someone else, you might be idle. And God is challenging that in your life, Paul said, we certainly have the right to ask you to feed us. But we wanted to give you an example to follow knowing that this Church struggle with idleness, that there are people within the church who struggle with idleness, with laziness, with, with the lack of desire to Work Paul and his companions decided to work, to set an example so that these believers, these Christians might know how to live their lives. 6 (51m 35s): Paul had every right to accept PayPal 3 (51m 38s): For his ministry. We know that because he wrote in first Timothy five, 17, and 18, let the elders who rule well be considered worthy of double honor, especially those who labor in preaching and teaching for the scripture says you shall not muzzle an ox when it treads out the grain and the laborer deserves his wages. And then he wrote again in first Corinthians nine 14 in the same way, the Lord commanded that those who proclaim the gospel should get their living by the gospel. So Paul put his rights aside so that he might be an example to those who are watching him, wonder where we might need to put our rights aside so that we might be an example to people around us. 3 (52m 20s): Maybe it's in the area of work where you're saying, man, I'm here to work. I'm going to compartmentalize my life. I can, I'm exercising my right just to work and not be, not shine. My light here in this place of my employment. 6 (52m 34s): You can 3 (52m 36s): Exercise that, right, I guess, but you're wasting your life. If you don't share the gospel while you're at work, you got eight, 10, 12 hours a day to work and do the things that you do to earn a living. And you're, you're, you're wasting those 20 or 30 or 40 years that you have on the workforce. If you're not being salt and light, the way that God would ask you to be salt and light. I know it's a direct statement to say, you're wasting your life because you're, 6 (53m 5s): We're not created as 3 (53m 6s): Christians. We're not, our design is not just a buy a house and secure retirement and to have nice vacations and nice stuff. That's not what we're here to do. Mess part of what, you know, we might experience, you know, and, and, and my gain as we live and work and that sort of thing. But ultimately all of those things, if they're not done for the kingdom, they're like wood, hay, and stubble. They're going to be burned up. And when we stand before the Lord and he says, what did you do for me? And you say, well, I bought a nice house. That's going to burn up. He doesn't care about that. Well, I took care of my family. Okay, well, that's got some merit to it. 3 (53m 47s): Did you make sure your family knew Jesus? Did you model Jesus to your family? Did you model Jesus to your employers, to your employees, to your friends in your life? And all of that stuff is what's going to survive the fires of judgments. When it's all said and done, we're all going to stand before the Lord and give an account for our lives. And so how are you spending your life? You don't want to, you don't want to waste your life. 4 (54m 11s): Paul 3 (54m 12s): And his comrades had the right to expect support from their ministry work, but they wanted to be an example to this church. So they work to cover their own 4 (54m 20s): Needs. Paul 3 (54m 22s): Did whatever he could to eliminate stumbling blocks to those who needed to hear the gospel. He did whatever he could to eliminate things that might trip people up so that they might hear the gospel and live their lives for the gospel. He said, even while we were with you, we gave you this command. Those unwilling to work will not get to eat. That's pretty straight forward. You don't work. You don't eat. Work us. Our resources are gathered and those unwilling to work will not get to eat. I don't want to step on any toes, probably too late for that. I don't want to step on any toes out there. 3 (55m 2s): And I don't want, I don't know everybody's circumstances, but if you are able to work, you should be working. 4 (55m 9s): God's 3 (55m 9s): Got stuff for you to do. If you're able to do it, get out there and do it. Why is Work Awesome Work keeps you out of trouble. Number three, people with too much idle time, get themselves into trouble. Idle hands are the devil's playground. Something like that. 4 (55m 31s): Seriously, man, we need to be busy doing work. 3 (55m 33s): God has called us to do living full lives in Jesus, doing what he's asked us to do. What has God asked you to do? Maybe you're retired and you're like, I don't really need to work. 4 (55m 44s): So what 3 (55m 44s): Do I do? Well, ask the Lord. What is, you know, what is, what does God want me to do? What does God wants you to do with your, with your season in life? 4 (55m 55s): Verse 11 yet 3 (55m 58s): We are, some of you are living idle lives. Number three, again, Work keeps you out of trouble. Yet. We hear some of your living idolized refusing to work and meddling and other people's business. 4 (56m 10s): The problem 3 (56m 11s): Was someone who refuses to Work is not just laziness. The problem is that they get into other people's business. 4 (56m 17s): Yes. And that's just a bad idea. There's a proverb. 26, 17 3 (56m 24s): Proverbs 26, 17, whoever metals in a quarrel, not his own is like one who takes a passing dog by the ears. You know what happens when you take a passing dog by the ears you get growled at and barked at and bitten, right? 4 (56m 42s): God 3 (56m 42s): Has created us to be busy in his kingdom. There's a time for rest. That's what the Sabbath day is all about. I'm getting, I'm leaving this afternoon to go on a two-day prayer retreat. There is a time for that. But even that's, Work even that's Work because you go and you pray and you press into the Lord. And you're asking for wisdom and clarity. I do this every year, a couple of times a year, I say, Lord, what do you want to do for this year? What do you want to do in my life? You know what? What's in store for me, what's in store for my family. What's in store for Harvest Church. And, and sometimes I get great clarity. And other times I don't last year, I didn't get any clarity at all when I did this and then COVID hit. And I'm like, no wonder who could have foresaw that, you know? 3 (57m 24s): And, but I'm expecting God to say something because I'm, I'm carving out some time, Saint Lord, I just want to hear from you so that I spend this year 20, 21 doing the stuff that you've called me 4 (57m 37s): To do, you know, 3 (57m 39s): We could coast all of us could coast along. Church has got plenty of people, plenty of money. I could coast. 4 (57m 46s): And we could just keep doing this, the business of Church or we can press in and say, God, what, what is it that you want to do this year? Maybe you've got plenty of, 3 (58m 1s): Plenty of resource and plenty of time you're in. You can just coast you, you can just coast, 4 (58m 6s): But you're wasting your life. If you're not intentionally thinking about what God's called you to do. So I'm gonna to 3 (58m 12s): Get away. And I encourage you to do the same thing from time to time, just to get away. Even if it's for a day that you're just walking on the beach, you're going on a hike. And you're saying, Lord, my life is yours. What do you want to do with my life? I don't want to spend my life pursuing things. I'm going to be 52 in it, 4 (58m 27s): April. So I'm still a kid. I got time. I got time. And so I, 3 (58m 35s): I figured I got 25 good years left in me. You laugh, maybe it's 35 years. I don't know. I don't know, but I don't want to spend the next year or five or 10 years, 30 years wasting it. I want to be busy. I want to have fun. I think part of what God's called us to do is to have fun as well and enjoy life. But man, part of that is Work part of, I think in heaven, when we get to heaven, there is going to be a kingdom where we're working and enjoying God's God's blessing in a uncorrupted experience in existence. There's going to be work for us to do there as well. So work is not just part of the curse. Work is part of God's design forever, forever, forever. 3 (59m 17s): So God's got good stuff in store for us. Let's let's warm up to the idea of work. Not just try to get out of it by saying, Hey, I got to retire by the time I'm 60. If you want to retire by the time you're 60. Great for yourself up to go. Do kingdom work, maybe go on a mission strip or gets involved in Church or park yourself at Andrew Annie's and work with Mark and start leading people to Jesus, whatever it is, do something for God. 4 (59m 40s): Amen. All right, I'll start parking on that. I probably 3 (59m 44s): Won't actually, I'll be hard on that for the rest of my 4 (59m 46s): Life. 3 (59m 49s): It's been my, my heart's desire for my whole life 4 (59m 52s): Life to see people empowered, 3 (59m 56s): Powered, and equipped to do God's kingdom work. Since I don't know why, but God put that into me when I was young and I've been doing it ever since. I've been trying to help people understand their man. They've got kingdom 4 (1h 0m 6s): Value. There's stuff that you can do that I cannot do. There's people that you're exposed to, that I'm not exposed to. This is why God created the church so that we can impact the whole world, the whole world, your friends who are 3 (1h 0m 21s): Or angry that you're a Christian or angry that you're about your faith. They need Jesus. Pray 4 (1h 0m 27s): For them. People who don't even 3 (1h 0m 29s): Know that you're a Christian. You don't want to get you into your life and have people sit at your funeral and say, man, I didn't even know that guy was 4 (1h 0m 33s): Christian. What a tragedy? That would be all right, here we go. What should the idle do? What should the idol do? We can 3 (1h 0m 45s): And such people and urge them in the name of the Lord, Jesus Christ to settle down and work, to earn their own living. And that's pretty straightforward. Settle down and work to earn their own living. As for the rest of you. Dear brothers and sisters never get tired of doing good. Take note of those who refuse to obey what we say in this letter, stay away from them. So they will be ashamed. Wow. Paul wants us to shame 4 (1h 1m 8s): People. That's not, that's not politically correct, is it? But it's not for the sake. 3 (1h 1m 16s): You're shaming people. It's out of brotherly love. We're saying, man, quit being lazy. Quit wasting your life. Do something for God work to earn your living, but also do stuff that God has called you to do. He said, don't think of them as enemies, but warn them as you would a brother. 4 (1h 1m 35s): Is there a sister? So it's not, what is it 3 (1h 1m 38s): Judgment in our hearts that we, that Paul asked us to do this, but we're, we're, we're pleading in Jesus' name, pleading in Jesus' name. Use your life, bring God. That's the plead. That's the heart of it. 4 (1h 1m 51s): Paul Paul is fine. 3 (1h 1m 54s): Animal greetings, verse 16. And then we're wrapped up with this verse 16 and 17. Then we're wrapped up in verse 18. Now may the Lord of peace himself give you his peace at all times. And in every situation you will have God's peace when you're doing it. 4 (1h 2m 8s): God's will. That just occurred to me, 3 (1h 2m 17s): Occurred to me in the past, but I didn't think about it when I was prepping this message you want to have God's peace do God's will you want to be grumpy and miserable? Don't do God's will. Now may the Lord of peace himself give you his peace at all times. And in every situation the Lord be with you all verse 17. Here is my greeting in my own handwriting. Paul, I do this in all my letters to prove they are from me. You remember this Church was believing information because they got a false letter from someone who claiming to be Paul about the second coming that they had missed it. So Paul saying, Hey, in my own handwriting, I write this letter, may the grace of our Lord, Jesus Christ be with you all. So Paul says some hard things and I've said some hard things, but he wraps it up. 3 (1h 2m 60s): May the grace of our Lord Jesus Christ be with you all that's God's desire is that we would experience his grace as we get challenged in our faith. Because if we're challenged without grace, then we're just beat up. But if we're challenged with grace, then we have the opportunity to step up and to do what God has called us to do. So my prayer for you is that she'd be graced in Jesus' name, that you'd be graced and that you'd step up in Jesus' name and do the things that God has called you to do. Amen. Amen. Worship team. Come on out. Let's go ahead and stand up. We're going to pray and seeing and worship. 3 (1h 3m 41s): Lord. This has been practical stuff and meddling stuff. It's been difficult to hear some of it, Lord God, but I pray that as we've listened God, that you've have spoken something to our souls, to our lives that bring about transformation and change. God help us to live with you on the throne with you as our focus. So we might do what you've called us to do. And at the end of it all, or we'd hear well done. Good and faithful servant. Thank you, Lord. That's what we want to hear. So bless us. We pray as we worship, we love you in Jesus name. Amen. 0 (1h 4m 21s): 1 (1h 15m 47s): Can we give you praise today? I pray that Julie would just go hearts our day as we go about our week and she would remind us the joy of our salvation and it ring true in our hearts and our lives to see you love you, Lord. Thank you for being with us this morning. We give you our hearts, give you every breath. Our very lives pray that you keep everyone safe and healthy until we gathered together again. And Jesus, you then, if there's anyone who could use someone to come alongside you and pray, please feel free to come on up. We'll have some folks that would love to pray with you this morning. 1 (1h 16m 28s): Make sure you say hello, Sharon need let's be the church. Be there for each other. Have a wonderful day, have a wonderful week. We'll see you next Sunday.

There are several great investors out there who are effectively offering free lessons through their positions, letters, and interviews. What’s surprising is that while many people listen to them, hardly anyone puts those lessons into practice. Today’s guest, Mohnish Pabrai, is not one to miss such opportunities and he attributes much of his success to his hunger to learn, improve, and adjust. Mohnish is an author and the Founder and CEO of Pabrai Investment Fund, which he started in 1999 at the peak of the tech bubble. In 1983 he moved to the United States from India, to study computer engineering at South Carolina's Clemson University. After working in research and development, Mohnish launched his own successful IT consulting firm, TransTech, in 1991. One of the most original investors out there, Mohnish arrived relatively late in his professional career to the world of investing but he has made such an impact ever since. Through Pabrai Investments, Mohnish has built one of those records that is the stuff of legends. On this episode, Mohnish and I discuss how his early years alongside his entrepreneurial father have shaped him as an investor, why he decided to make the switch to a career in investing, how he was introduced to the world of value investing through the works of Peter Lynch, his growth as an investor since starting Pabrai Investments as a hobby investor, how you can use cloning to your advantage, and so much more!   Key Topics: The meaning behind the title of Mohnish’s book “The Dhandho Investor” (3:02) What Mohnish learned from his father’s entrepreneurial ventures (4:20) Mohnish’s invaluable hands-on business experience as a teenager (8:05) How an engineering background offers an advantage as an investor (10:40) Mohnish’s decision to remain in the US after university (11:51) The importance of looking at the big picture (13:03) Moving from computer engineering to international marketing (14:36) How Mohnish’s father changed the path of his career (15:41) Why Mohnish decided to start his own company (18:17) The early days of TransTech (20:14) An introduction to Peter Lynch and Warren Buffet (22:22) Testing out the Buffet approach to investing (23:48) Transitioning into asset management (27:35) The 1999 start of Pabrai Funds as a hobby (30:04) Starting out as a traditional value investor (32:46) Our aversion to cloning (34:17) The significant competitive advantage you can gain by cloning (36:24) Understanding the patterns of different investors (39:10) Mohnish’s approach to idea selection (40:51) Reaching clarity before making investment decisions (44:10) Examining Fiat Chrysler as a case study for Mohnish’s investment process (47:31) How Mohnish utilizes guardrails (50:59) A value investor’s approach to risk management (52:46) Finding 50 cent dollar bills (54:29) Focusing on compounders (56:55) What we can learn from NICE Holdings (59:37) What you need to know about “spawning” (1:01:43) Why investors need to think like entrepreneurs (1:05:06) Why this is an interesting time for value investing (1:07:23) How Mohnish thinks about the future of value investing (1:09:41) And much more!   Mentioned in this Episode: Mohnish Pabrai’s Books: Mosaic: Perspectives on Investing The Dhandho Investor: The Low-Risk Value Method to High Returns Peter Lynch’s Book | One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Young Presidents' Organization (YPO) Tom Peters’ Book | In Search of Excellence: Lessons from America's Best-Run Companies   Thanks for Listening! Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu. Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!

In today's episode, we will be exploring the 9 investing principles from this incredible value Investor, Mohnish Pabrai. When I first started out investing, this was one of the first few books that I've read, The Dhandho Investor by Mohnish Pabrai. And I have to tell you, this book really changed the way I think about investing and I highly recommend it to you guys. The idea in this book is so simple and profound. And it highlights the framework and philosophy of how Mohnish Pabrai thinks and invest. For those who are not familiar with Mohnish, he started an IT consulting and systems integration company, TransTech in 1991 with $100,000 including $70,000 in credit card debt. 9 years later, he sold the company for several million dollars. The year before selling, he started a fund known as the Pabrai Investment Fund which follows the same principles and structure behind Warren Buffett's early partnership in 1956. Started with $1 million in capital backed by 8 families, the Pabrai Funds has since achieved an annual return of about 13.3% after fees compared to the 6% from the S&P 500's 6% return. Today, the Pabrai Funds manage over $500 million. What's interesting about the Pabrai Fund is that there are no investment managers and analysts. The fund and every investment decision are solely managed by Mohnish himself. He decides very meticulously how to conduct his day, who to cultivate relationships with, and what to read and think about independently. Now, he's one of the few well-known investors of our time and definitely someone worth learning from. That is why we will be exploring his 9 frameworks and philosophies in his book, The Dhandho Investor. Check out this episode to find out more. And stay tuned as I prepare The Dhandho Investor pdf summary for you soon! For more information about Delugne Investing, check out Delugne.com to find out more!

Mohnish Soundararajan is the author of "How to Take Notes at the Speed of Light", and the founder of SIGNATURE, a one-man production studio for authors and entrepreneurs who need help positioning their platform and crafting their best work—from copywriting to design.He's worked on projects for New York Times and Wall Street bestselling authors like Ryan Holiday (author of The Obstacle is The Way, The Daily Stoic, and Stillness is the Key) and Robert Greene (author of The 48 Laws of Power, Mastery, The Laws of Human Nature) and he's helped authors design their books, position their platforms, and get their books into the world over at SIGNATURE.He was the host of the show Moonwalk—a high-production, narrative podcast—with over 149,000+ downloads, a spot on iTunes New and Noteworthy, and much fanfare from his mother. He's interviewed everyone from TIME's Person of the Year (the woman who sequenced the Ebola virus) to people who create imaginary friends inside their heads.We have an amazing conversation about:- Notetaking and why notetaking does / does not matter—for action, for busy people, research, etc.- The value of reading (online courses, etc.), why good ideas are so important for having a great life, how to get into reading more, etc.- Why you should think from first principles, rather than by analogy—why you should think according to yourself, not just other people.Connect with Mohnish:www.mohnish.net/book www.mohnish.netConnect with ME! Also, I'd love it if you connected with me on LinkedIn or Instagram. Or shoot me an email at youshould@connectwithpablo.com with the "Heard CEC's Charod" in subject. This that's a genius email address? Me too, but I didn't come up with it. It was the idea of my good friend, and super talented web designer, Nathan Ruff. If you want your website redone, updated, and managed with unlimited updates for just $250/month (CRAZY GOOD DEAL RIGHT??), go to Manage My Website and hookup with one of the smartest, most talented guys I've ever met- THE Nathan Ruff.Support the show (https://connectwithpablo.com)

I had the pleasure of interviewing Mohnish Pabrai for episode #11 of the Circle of Competence podcast. In this wide-ranging conversation, we covered concepts far and wide: - reflections on internal 'mapping' and what makes each one of us 'tick' - 'entrepreneurship as arbitrage' - Mohnish's early days of entrepreneurship with TransTech and his best investment ever - Mohnish's investment framework - Mohnish's lessons learned in 2020 - Mohnish's book list - Mohnish's amazing work with the Dakshana Foundation, which seeks to invest in the education of promising youth in India and 'break the shackles of poverty permanently.' I'd highly recommend checking out his personal website, Chai with Pabrai, for all of his book recommendations, past interviews, and books he's authored. Mohnish is a wealth of information when it comes to investing and business history and this episode clearly illustrated his ability to adapt over time, digest huge amounts of information, and make clear decisions based on available data. I hope you enjoy this one as much as I did! -- ABOUT THE PODCAST: Hi, I'm Benton Moss. I launched The Circle of Competence Podcast in June 2020 to focus on entrepreneurship and investing, and explore each guest's unique journey. From real estate to technology to public equities to small business investing and more, I hope this podcast will be a wide-ranging exploration of what it takes to be a successful entrepreneur, operator, and investor in today's competitive world. SUBSCRIBE: iTunes: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/6BW1ZZC6SLVA6U09KBf5br?si=cP15zhyWSwCw832NttMR9A FOLLOW: Website: https://circleofcompetence.co Twitter: https://twitter.com/benton_moss --- Support this podcast: https://anchor.fm/the-circle-of-competence/support

This video features the making of the 1998 Hindi action film Mohabbat Aur Jung. The film starred Mohnish Bahl, Deepak Tijori, Rakesh Bedi, Kamal Sadanah and Neelam Kothari. It was directed by Hameed Alam and was a flop at the box office. 

So in today's episode, we have Mohnish Doultani he is a digital content creator with over 100K+ followers including YouTube, Facebook, and Instagram. We talked about his experience in Bali and other trips and how he manages to collaborate with such big companies or let it be how he edits his videos. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In this episode, Mohnish Doultani on secrets to being a digital ninja. From talking about cracking brand deals to freelancing and we also talk about some hilarious off camera travel stories by Mohnish.

Jeff Pintar, CEO of Pintar Investment Company, and Mohnish Pabrai discuss what the world may look like post-Covid 19 and the current investment landscape. Jeff and Mohnish also have some banter about the lifetime ban Mohnish received in 2019 from playing Blackjack at a Las Vegas Casino due his winning system.

2020-05-18: Learnings from going through Mohnish Pabrai's lectures/Q&A at Boston College, Trinity College and London Business School. Learning about companies with exceptional management, why price matters, owner earnings, circle of competence, Mohnish's 10 commandments for investing, deserving to manage outside capital and more. I also dig into Joe Mansueto's fascinating career of founding Morningstar: The low-key billionaire inspired by Buffett.   Find detailed notes of the episode on omdventures.com/omddaily Support the podcast by donating at omdventures.com/stakeholder Music by icons8.com

In this episode, you'll learn:How Mohnish Pabrai thinks about biasesWhy and how Mohnish Pabrai uses his checklist in stock investingHow has the shorter tenure of stock in S&P500 made Mohnish think of compoundersWhy Mohnish started Dakshana foundationHow Mohnish Pabrai uses his investor mindset to give to charities with the highest possible returnBOOKS AND RESOURCES MENTIONED IN THIS EPISODEMohnish Pabrai's Reading ListLearn more about Mohnish Pabrai’s Dakshana FoundationMohnish Pabrai’s websiteLarry Cunningham’s book, The Essays of Warren Buffett – Read reviews of this book. Mohnish Pabrai's book: The Dhandho InvestorDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Get a FREE book on how to systematically identify and follow market trends with Top Traders Unplugged. Solve your long list of must-reads once and for all with Blinkist.Earn unlimited 1% cash back with Radius Bank. Get a $50 sign on bonus with promo code “TIP”.The brand new season of Billions is now streaming only on Stan. Start your 30 day free trial today!

On Compounding and The Dakshana Model

Mohnish delved into how to fight corruption in India; Why is India poor? Etc.

Talk with class of 2019 Dakshana Scholars at JNV Kottayam, Kerala, India.

Mohnish delved into many subjects including bullying and how India can become a sports powerhouse.