Category Archive

During this interview with The Investor’s Podcast, Mohnish Pabrai discusses the importance of maintaining a spreadsheet to track the intrinsic value of his investments. He emphasizes that while market values fluctuate, understanding the true value of a business is crucial, especially during volatile times like the financial crisis. Pabrai highlights … Read More

During his recent interview with The Investor’s Podcast, Mohnish Pabrai discusses his passion for bridge and shares a story about an investor who shorted Berkshire Hathaway, missing out on significant gains. The investor later regretted not investing in high-yield U.S. treasuries in the early ’80s. Pabrai reflects on missed opportunities … Read More

In this presentation with students at the JNV Kottayam, Mohnish Pabrai shares Warren Buffett’s insights on how he judges people. Despite perception, Buffett doesn’t quickly assess if someone is good or bad. He explained that in a party with 100 guests, he can only identify about eight individuals in five … Read More

In this interview with YPO’s Mosaic Chapter, Mohnish Pabrai discusses the concept of cloning good ideas in business and investing. He learned early on about the power of copying successful strategies. He came across a book by Tom Peters who argued that humans are bad at copying successful ideas. In … Read More

In this presentation at Columbia Business School, Mohnish Pabrai explains how historical crashes can create long periods of low stock prices, discouraging investors. However, these periods can also be the best times to invest for long-term gains. He believes there are always opportunities somewhere in the world, even if the … Read More

In this interview at the SumZero Virtual Investor Summit 2024, Mohnish Pabrai discussed his disappointment with the current political gridlock in Congress, and choice of political candidates. He also highlighted the significant potential for the U.S if a more functional government existed. Here’s an excerpt from the interview: Pabrai: I … Read More

In this Q&A session with the London School of Economics, Mohnish Pabrai discusses his two step investment process for finding opportunities with significant upside potential. Here’s an excerpt from the presentation: Pabrai: Yeah I mean I think the the very first question I ask myself when I run into some … Read More

During this discussion, Mohnish Pabrai explains how Warren Buffett’s Japanese bets have yielded infinite returns based on the way he structured the deal. Buffett didn’t use any of his own capital for this investment. Instead he borrowed yen at a low interest rate in Japan, and over time, the subsequent … Read More

In this interview with Morningstar, Mohnish Pabrai discusses Charlie Munger’s philosophy of focusing on continuous improvement and not dwelling on past achievements. Here’s an excerpt from the interview: Pabrai: So what I found is that all of his (Munger’s) energies were focused on taking the next step forward. And they … Read More

In this presentation at FLAME University, Mohnish Pabrai explains why selling good businesses is much harder than buying them, especially when they’ve experienced significant gains. He believes he’s made mistakes in the past by selling out too early due to perceived high valuations, ultimately missing out on further growth. Here’s … Read More

In this Q&A session with Oxford University, Mohnish Pabrai discusses the forgiving nature of the investment business despite frequent mistakes. His key points include: High Error Rates: Even the best investors are wrong often Asymmetrical Rewards: One home run success can outweigh many smaller failures Acceptable Error Margin: Mistakes like … Read More

In this interview with Guy Spier, Mohnish Pabrai talks about the importance of developing unique insights in investing to gain an edge. He uses Warren Buffett’s investments as examples, highlighting how Buffett’s deep understanding of businesses like furniture (through Nebraska Furniture Mart) and candy (Sees Candy) led him to successful … Read More

During his Q&A session at Clemson University, Mohnish Pabrai discussed his approach to diversification which contrasts with the traditional view that spreading investments across a variety of assets reduces risk. Pabrai argues that diversification can be overrated, and that owning a few high-quality businesses can provide sufficient protection against market … Read More

In this interview with The Value Perspective, Mohnish Pabrai explains why investors shouldn’t blindly chase diversification. They should focus on understanding a few companies well instead of spreading themselves thin across many that they don’t fully understand. True risk reduction comes from deep knowledge within your “circle of competence”. Key … Read More

During this Q&A session at Boston College, Mohnish Pabrai discussed how to know when your investment is wrong. Here’s an excerpt from the session: Pabrai: So first of all I think we know that we’re going to be wrong half or more. You know so mistakes are going to be … Read More

During this interview with CNBC, Mohnish Pabrai discusses the two key questions investors should ask before making an investment. Here’s an excerpt from the interview: Pabrai: Basically we want to not be thinking about buying stocks, what we’re buying is fractional interests in businesses. And basically when we are buying … Read More

In this interview with CNBC, Mohnish Pabrai discusses some of the best lessons he learned from Charlie Munger. Munger emphasized the importance of concentration and big bets in investing. He believed that great investment ideas are rare and should be acted upon decisively when they arise. Pabrai advises investors to … Read More

During his recent interview with The Value Perspective, Mohnish Pabrai argues that long-term wealth creation requires holding onto great businesses beyond the point at which they have reached their intrinsic value. He cites Ben Graham’s example of Geico, which Graham owned for many decades and which significantly outperformed the S&P. … Read More

During this presentation with YPO Waterloo Austin, Mohnish Pabrai says most humans are not able to stay with their investing program, and are too smart for their own good. Here’s an excerpt from the presentation: Charlie Munger, Warren Buffet’s partner. One of his best quotes is never interrupt compounding unnecessarily. … Read More

During this Q&A session at the University of Notre Dame, Mohnish Pabrai recommends selling a business only when it is obviously overvalued. Even if a business looks to be overvalued by 20-30%, it is worth giving it the benefit of the doubt, as there are many unknowns that could work … Read More