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
Mohnish Pabrai: Auction Driven Markets Really Are A Gift To Investors
During his recent interview with Guy Spier at the Helvetian Investment Club, Mohnish Pabrai explained why auction driven markets are really a gift to investors. Here’s an excerpt from the interview: Pabrai: So basically in a negotiated transaction you have a intelligent buyer, most of the time you have an … Read More
Mohnish Pabrai: Micro Will Always Trump Macro
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
Mohnish Pabrai: Most Business Moats Are Created Accidentally
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
Mohnish Pabrai: Where To Start Your Company Analysis
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
Mohnish Pabrai: One More Lesson I Learned While Talking To Charlie Munger
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
Mohnish Pabrai: 2 Big Mistakes You Make By Being A Cheapskate
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
Mohnish Pabrai: Investor Misery Is Driven By The Inability To Do Nothing
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
Mohnish Pabrai: Why It’s So Difficult To Replicate Warren Buffett’s Past Returns Today
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
Mohnish Pabrai: Investors Should Ignore The ‘Mickey Mouse’ Macro Noise
In his recent interview with Lauren Templeton, Mohnish Pabrai explained why investors should ignore the ‘Mickey Mouse’ macro noise. Here’s an excerpt from the interview: Pabrai: What I think is useful for investors is to ignore the noise. All this macro stuff going on is really hard to forecast and … Read More
Mohnish Pabrai: The Holy Grail Portfolio
In his recent presentation at the TiE Austin Speaker Series, Mohnish Pabrai discussed his Holy Grail portfolio. Here’s an excerpt from the presentation: Pabrai: One of the things that took me a long time to figure out like they say, old too soon and wise too late, is that basically … Read More
Mohnish Pabrai: How To Assess Any Business In 30 Seconds
In his recent interview on The One Percent Show, Mohnish Pabrai explains how to assess any business in 30 seconds. Here’s an excerpt from the interview: Pabrai: If I looked at something like MasterCard, it would very quickly make sense, because they get a certain percentage of every transaction, and … Read More
Mohnish Pabrai: Focusing On Multi-Baggers Is The Best Investing Strategy
In his recent interview with Narsee Monjee, Mohnish Pabrai explains why focusing on multi-baggers is the best investing strategy. Here’s an excerpt from the interview: I’ve come to the conclusion, and it’s actually a pretty… it took me a long time to figure this out, but I think for most … Read More
Mohnish Pabrai: Two Of The Most Important Lessons In Investing
In his recent interview on the Richer, Wiser, Happier Podcast, Mohnish Pabrai discussed two of the most important lessons in investing. Here’s an excerpt from the interview: Pabrai: So I think that there are two things that are important in investing. One is that we have to be very cognizant … Read More
Mohnish Pabrai: How To Tell Which Businesses Will Do Well In An Inflationary Environment
In his recent interview with CNBC, Mohnish Pabrai explained how to tell which businesses will do well in an inflationary environment. Here’s an excerpt from the interview: Pabrai: If you have a business where most of the capex has already happened in the past, they would be deriving the benefits … Read More
Mohnish Pabrai: The Genius Of Warren Buffett’s Japanese Bets
In his recent interview with FINSEC Law Advisor, Mohnish Pabrai discusses the genius of Warren Buffet’s Japanese bets. Here’s an excerpt from the interview: Pabrai: Two or three years ago Buffett made an investment, a set of investments, where he bought five to ten percent stakes in a bunch of … Read More
Mohnish Pabrai: One Of The Most Valuable Investing Lessons I Learned For Charlie Munger
In his recent interview on the Richer Wiser, Happier, Podcast, Mohnish Pabrai discussed one of the more important investing lessons he learned from Charlie Munger. Here’s an excerpt from the interview: Pabrai: I think Charlie’s… what I’ve found with Charlie is sometimes I bring up businesses to him that I’m … Read More
Mohnish Pabrai: You Only Need A Minority Of Investments To Get You To The Promised Land
In his latest interview with The Investor’s Podcast, Mohnish Pabrai explains why you only need a minority of investments to get you to the promised land. Here’s an excerpt from the interview: Pabrai: I’ve made a lot of mistakes. So that’s just, I would say part for the course. John … Read More
Mohnish Pabrai: The One Question You Need To Answer Before You Can Value Any Business
In his recent interview with the Doctors Investing Group, Mohnish Pabrai discusses the one question you need to answer before you can value any business. Here’s an excerpt from the interview: Pabrai: I think the first question one should focus on is whether the business is within your circle of … Read More
Mohnish Pabrai: 4 Great Questions Answered On The Current State Of Value Investing
Mohnish Pabrai recently did an interview with Morningstar in which he answered four great questions on the current state of value investing, and its prospects in the future. Here are the four questions: Q1. Is there an economic reason why small-company and value stocks have performed well historically? Q2. Has … Read More