Category Archive

During his recent interview with Equitymaster, Mohnish Pabrai provides one example of how he did very well using Ben Graham’s classic mathematical games. Here’s an excerpt from the interview: Pabrai: 2004 I ran into the steel company called IPSCO, and IPSCO was trading at about $45 a share. They had … Read More

In this Q&A session with students at JNV Bengaluru, Mohnish Pabrai discusses the time he asked Warren Buffett who he would like to have lunch with. Here is his response: I want to have lunch with Ben Franklin, so I said…no actually not Ben Franklin he said, I want to … Read More

During his recent interview with students at the Rotman School of Management, Mohnish Pabrai discussed the investing concept of ‘circling your wagons’. Here’s an excerpt from the interview: Pabrai: The concept that matters a lot is the concept of ‘circling your wagons’. So you don’t really know a business till … Read More

During this interview with the Treasury Elite Series, Mohnish Pabrai explained why investors get in the way of themselves. Here’s an excerpt from the interview: Pabrai: As you go towards more advisors and more sophisticated strategies the odds of beating the simple index go down. Charlie Munger says that if … Read More

During his recent Q&A session at the SumZero Top Stocks Investor Summit, Mohnish Pabrai discussed why Ferrari was one of his biggest mistakes. Here’s an excerpt from the interview: Pabrai: One of the biggest mistakes I’ve made over time. Guy [Spier] owns a stake in Ferrari thanks to Monish. Thank … Read More

During this Q&A session with The London School of Economics, Mohnish Pabrai discussed which Berkshire Hathaway businesses will be around in 200 years. Here’s an excerpt from the session: Pabrai: I was having a conversation with Charlie Munger a few weeks ago, and I told him Charlie the one thing … Read More

During this interview with SumZero, Mohnish Pabrai discusses how most potential investments will have some ‘hair’ on them. Here’s an excerpt from the interview: Pabrai: So I think that when you are the investor look at these things. It’s important that you weigh the factors correctly and there is some … Read More

During this interview at the Morningstar India Conference, Mohnish Pabrai explained why the margin of safety is the free lunch in investing. Here’s an excerpt from the interview: Host: In terms of your investing with a margin of safety do you have any sort of guidelines or rules around that? … Read More

During his recent interview with EO Gurgaon, Mohnish Pabrai explained how Warren Buffett maximizes his investment returns without doing any heavy lifting. Here’s an excerpt from the interview: When I first encountered Buffett and I was reading about him, what I realized is basically what he had done is that … Read More

During this interview with the Helvetian Investment Club, Mohnish Pabrai explained why it’s ok to end up with 80%-90% of your net worth in one stock. Here’s an excerpt from the interview: Pabrai: One of the things I always kind of scratch my head about is that these very smart investors … Read More

In this interview with UNC Kenan-Flagler Business School’s Investment Management Club, Mohnish Pabrai explains why investors who find themselves at the bottom of a deep well need to have a long rope to get out. Here’s an excerpt from the interview: Pabrai: So one of my principles is that when … Read More

During this Q&A session with YPO Gold Nairobi in Kenya, Mohnish Pabrai discussed how markets provide investors with very high error rates. Here’s an excerpt from the session: Pabrai: So one thing about the investing business. There was a very famous investor John Templeton, he was a global investor, used … Read More

During his recent interview with students at the William & Mary College, Mohnish Pabrai explains why micro will always trump macro. Here’s an excerpt from the interview: Pabrai: You know people always think that whatever is kind of happening at the present time, like this is the worst time. They … Read More

During his recent interview with Boston College, Mohnish Pabrai explained why most business moats are created accidentally. Here’s an excerpt from the interview: Pabrai: So every single business on the planet eventually will cease to exist okay. So it is in the nature of capitalism that we will see creative … Read More

During his recent interview with Mis Propias Finanzas, Mohnish Pabrai discussed his process for analysing a company. Here’s an excerpt from the interview: Pabrai: If I get past the VIC write-ups and I’m still interested. Usually if the company is giving us letters to shareholders, and it appears that those letters … Read More

During his recent interview with Ironhold Capital, Mohnish Pabrai discussed one more lesson he learned while talking to Charlie Munger. Here’s an excerpt from the interview: Pabrai: Charlie had told me a long time ago, like within the first or second meeting I had with him in 2009. He told … Read More

In this interview with The Wall Street Lab, Mohnish Pabrai discusses two big mistakes you can make by being a cheapskate. Here’s an excerpt from the interview: Pabrai: Well, I think, what I have, as Munger says, we are old too soon, and wise too late. What is gradually sinking … Read More

In his recent Q&A session with the Asian Institute of Technology Bangkok, Mohnish Pabrai explains why investor misery is driven by the inability to do nothing. Here’s an excerpt from the session: Pabrai: The reason why most investors don’t enjoy those great returns is because they get in their own … Read More

During his recent interview with the CFA Society of Mexico, Mohnish Pabrai explained why it’s so difficult to replicate Warren Buffett’s past returns today. Here’s an excerpt from the interview: Pabrai: Charlie Munger tells me that if Warren and he was starting out today they could not do what they … Read More