Mohnish Pabrai: Which Sectors Investors Should Avoid

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In this Q&A session at Boston College and Harvard Business School, Mohnish Pabrai discusses the importance of understanding one’s circle of competence when evaluating businesses. He advises focusing on industries and companies that align with personal knowledge and avoiding sectors like biotech, blockchain, or U.S. healthcare, which may involve complexities or … Read More

Mohnish Pabrai: Even in Frothy Markets, There Are Always Opportunities

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In this interview with GreenHaven Road Partners Fund, Mohnish Pabrai discusses investment strategies amid market uncertainties, emphasizing Berkshire Hathaway’s approach of building cash reserves to capitalize on potential market dislocations. He highlights the value of stock picking over broad market indices like the S&P 500, noting that exceptional opportunities exist even … Read More

Mohnish Pabrai: The Evolution and Erosion of Moats

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In his book The Dhandho Investor, Mohnish Pabrai explains how a business’s hidden moat, or competitive advantage, can often be identified through its financial statements. Businesses with strong moats generate high returns on invested capital, as seen in examples like Chipotle, which reinvests profits to fuel exponential growth. Pabrai draws … Read More

Mohnish Pabrai: The All-In Investing Mindset: Lessons from Entrepreneurs

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During this Q&A session with Columbia Business School, Mohnish Pabrai highlights the all-in mentality of entrepreneurs, such as a first-generation Chinese couple opening a restaurant, who invest nearly all their money and time into their ventures. This scenario mirrors millions of U.S. entrepreneurs, who rarely consider diversification yet sleep soundly … Read More

Mohnish Pabrai: Munger – The Abominable No Man: Avoiding Bad Investments

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In this interview with UNO’s Maverick Investment Club, Mohnish Pabrai highlights the importance of Charlie Munger’s role as Warren Buffett’s trusted critic at Berkshire Hathaway. Known as “The Abominable No Man,” Munger often rejected Buffett’s investment ideas, providing a vital filter against poor decisions. Pabrai cites Berkshire’s problematic $20 billion … Read More

Mohnish Pabrai: Why Debt-Free Companies Are the Best Investment Choice

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During this presentation at The University of Nebraska, Mohnish Pabrai discusses his investment philosophy, emphasizing the importance of staying within one’s circle of competence. He mentions past investments in Maotai, Alibaba, and Tencent, noting their mixed results. Pabrai advocates for businesses that operate with zero debt, citing Berkshire Hathaway as … Read More