Mohnish Pabrai: “The good thing about getting wealthy is we don’t need to understand a lot of things!”

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Here’s a great recent video of Mohnish Pabrai’s presentation at the Peking University (Guanghua School of Management) in December, 2017. The presentation is full of a number of value investing insights but there’s one part in particular in which Pabrai provides a great example on how investing can be made much simpler if you’re patient and wait for opportunities. While at the … Read More

Mohnish Pabrai: Here’s Why It’s So Difficult For Analysts and Investment Managers To Calculate Future Earnings

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One of our favorite Mohnish Pabrai articles is one he wrote called – Astronomers, Astronauts and Styles of Investing. It provides some great insights into why it’s so difficult for analysts and investment managers to calculate the future earnings of a company and make their forecasts. Here’s an excerpt from that article: One of my favorite parts of the film, … Read More

Mohnish Pabrai: How To Calculate DCF Simply And Compare Prospective Investments

Johnny HopkinsMohnish Pabrai1 Comment

One of the best books written on investing is The Dhando Investor, by Mohnish Pabrai. There’s one passage in the book in which Pabrai demonstrates how to calculate intrinsic value simply, and how you can use the calculation to compare prospective investments. Here’s an excerpt from the book: The advantages of buying a fraction of an existing business are pretty clear, … Read More

Mohnish Pabrai – Recommends 7 Top Investing Books… And Two Websites To Become A Better Investor

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Mohnish Pabrai recently did a great presentation for the 2018 Dakshana students at JNV Bengaluru Urban, Karnataka, in India. At the start of the presentation Pabrai made a recommendation to the students to read the following seven books and two websites to become a better investor: 1. The 1957 – 1970 Buffett Partnership Letters. Which can be found here: http://csinvesting.org/wp-content/uploads/2012/05/complete_buffett_partnership_letters-1957-70_in-sections.pdf … Read More

Charlie Munger – How Can Professional Investors, With Thorough Analysis, Continue To Underperform

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Here’s a great presentation by Mohnish Pabrai to the folks at Google. During the presentation Pabrai relays a story about a time he had dinner with a small group at the home of Charlie Munger. During the dinner Munger posed a question to the group: Why did the ‘best ideas fund’, established by the Capital Group, continually underperform? The ‘best … Read More

Mohnish Pabrai – “Stop Losses Make No Sense” – Here’s Why

Johnny HopkinsMohnish Pabrai4 Comments

Mohnish Pabrai recently did a great interview with BloombergQuint, the Indian financial news organisation. While Pabrai has said many times that he’s not a fan of stop-losses, in this interview he provides a great example of how stop-losses can seriously hurt your performance. Here’s an excerpt from the interview: Pabrai: So just to clarify, we’re not talking about the speculators … Read More

Superinvestors Agree That Business Schools Don’t Make You A Better Investor

Johnny HopkinsCharles Munger, Joel Greenblatt, Mohnish Pabrai, Peter Lynch, Warren Buffett1 Comment

While a lot of investors believe that a good finance course at one of the world’s most prestigious business schools is a sure-fire way to becoming a better investor, it seems that some of the greatest investors disagree. Here’s what Buffett, Munger, Greenblatt, Pabrai, and Lynch have to say about learning about investing at business school. In Warren Buffett’s 1996 … Read More

Mohnish Pabrai – Focus On Individual Stocks And Never Ever Invest In IPO’s – Here’s Why

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Here’s a great interview with Mohnish Pabrai on ET Now. With regards to IPO’s Pabrai says, “The simple rule to follow is do not buy what is being sold, especially what is being sold by promoters. Just completely side step the IPO market.” In relation to individual stock investment he says, “The most important thing after getting fluency on compounding … Read More

Mohnish Pabrai – The Secret To Finding Your Next 100-Bagger

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100-Baggers are the holy grail of investing. These are stocks that return $100 for every $1 invested and they’re extremely rare. However, the secret to capturing your next 100-Bagger can be found in a presentation that Mohnish Pabrai did with the folks at Google earlier this year. The answer came when Pabrai was asked a unrelated question regarding whether he shorts … Read More

Here’s How Successful Investors Dampen Down Their Investing ‘Cocaine Brain’ – Pabrai, Spier

Johnny HopkinsGuy Spier, Mohnish PabraiLeave a Comment

As investors we all know the excitement we feel when we come across what we think is an undervalued opportunity that seems to have been overlooked by most other investors. The feeling of exhilaration that we get is called “cocaine brain.” Neuroscientists have found that the prospect of making money stimulates the same primitive reward circuits in the brain that cocaine does. The … Read More

Great Investors Create Their Own Version Of Omaha – Buffett, Munger, Klarman, Pabrai

Johnny HopkinsCharles Munger, Guy Spier, Mohnish Pabrai, Seth Klarman, Warren BuffettLeave a Comment

One of the biggest problems facing investors is the amount of ‘noise’ that we get from the financial media and commentators. Financial news sections, the internet, and podcasts are continually bombarding us with the latest ‘hot stock’ or miracle investing strategy. Meanwhile investors get caught up in the noise checking their stocks daily to see what’s performing well and what’s … Read More

How Can We Learn To Follow In The Footsteps of Buffett and Munger? – Mohnish Pabrai

Johnny HopkinsMohnish Pabrai, PodcastsLeave a Comment

One of our favorite investors here at The Acquirer’s Multiple is Mohnish Pabrai. Pabrai is the Founder and Managing Partner of the Pabrai Investments Funds, the Founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic: Perspectives on Investing​. One of the best Pabrai interviews was one he did with our good friends Preston and … Read More

Mohnish Pabrai – If Your Investment Thesis Requires You To Fire Up Excel, It Should Be A Big Red Flag

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I just finished re-reading one of my favorite investing books, The Dhando Investor, by Mohnish Pabrai. One of my favorite parts of the book covers Pabrai’s methodology when it comes to putting together an investment thesis. His thesis is in accordance with Buffett and Munger’s age old adage of keeping it simple. Here’s an excerpt from the book: Simplicity is … Read More

Mohnish Pabrai Says An Investment Opportunity Should Hit You Over The Head Immediately Otherwise Move On

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Great video with Mohnish Pabrai speaking with the folks at Google. This whole presentation can be summed up at 27:05 when Pabrai says, “Spending time on [researching] companies is likely to make me bias”. In other words when you’re looking for investment opportunities they should hit you over the head immediately. If they do not don’t spend enormous amounts of … Read More

Mohnish Pabrai – How To Calculate Intrinsic Value

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I’ve just been re-reading one of my favorite investing books of all time, The Dhando Investor, written by Mohnish Pabrai. In Chapter 7, Dhandho 102: Invest in Simple Businesses, Pabrai provides a very simple example of how to calculate intrinsic value using the real life example of Bed Bath & Beyond Inc (NASDAQ:BBBY). It’s a great illustration of how intrinsic value is … Read More

Latest Interview: Mohnish Pabrai Says Look For Businesses With Very High Uncertainty

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Here’s a recent interview with Mohnish Pabrai on the Steve Pomeranz Hour in which he discusses his value investing strategy and how he finds great opportunities. Here’s an excerpt from that interview: Mohnish Pabrai: The key trait of an investment that is likely to do well exhibits low risk coupled with high uncertainty. Because when you have high uncertainty, markets … Read More

Mohnish Pabrai: How To Build Wealth Copying 9 Other Value Investors

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One of our favorite investors at The Acquirer’s Multiple is Mohnish Pabrai. Earlier this year he wrote a great article called, Beyond Buffett: How To Build Wealth Copying 9 Other Value Investors. The article illustrates how you can build a successful portfolio by cloning other successful value investors. Here’s an excerpt from that article: I co-wrote this article in Forbes … Read More

Mohnish Pabrai – Market Commentary March 2017

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One of our favorite investors at The Acquirer’s Multiple  – Stock Screener is Mohnish Pabrai. Mohnish Pabrai is the Founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic – Perspectives on Investing. Following is a recent interview that Pabrai did with CNBC regarding his … Read More