Mohnish Pabrai: Great Stock Selection Starts With Rejecting New Investment Opportunities For The Flimsiest Possible Reasons

Johnny HopkinsMohnish PabraiLeave a Comment

Here’s a great interview with Mohnish Pabrai and The London Business School. During the interview Pabrai discusses his stock selection process, which he says starts with getting rid of new investment opportunities for the flimsiest possible reason. Here’s an excerpt from the interview: Mohnish Pabrai: I’ll give it a shot of what actually happens after I see a stock. So … Read More

Mohnish Pabrai – Investors Can Take Advantage When Markets Get Confused Between Risk And Uncertainty

Johnny HopkinsMohnish PabraiLeave a Comment

At his recent presentation at Trinity College in Dublin, Mohnish Pabrai explained how investors can take advantage when markets get confused between risk and uncertainty, saying: If you have a business which exhibits very high uncertainty then that business generally will get very extreme kind of valuations in a auction driven market and an investor can take advantage of it. … Read More

How Do You Generate A Performance Record Better Than Mohnish Pabrai

Johnny HopkinsPodcastsLeave a Comment

During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses the performance of some of the greatest investors of all time, and how one investor in particular managed to out-perform Mohnish Pabrai. Here’s an excerpt from the interview: Tobias Carlisle: Robo. When folks come to the firm, do they say, “For a managed account, I want the … Read More

Mohnish Pabrai: The Ten Commandments of Investment Management

Johnny HopkinsInvesting Strategy, Mohnish PabraiLeave a Comment

We’ve just been watching a recent presentation with Mohnish Pabrai at the Carroll School of Management – Boston College. Pabrai is discussing his ten commandments of investment management as follows: 1. Thou shall not skim off the top [fees] 2. Thou shalt not have an investment team 3. Thou shalt accept that thou shalt be wrong at least one-third of … Read More

Mohnish Pabrai: 20 Books That Every Investor Should Read

Johnny HopkinsInvesting Books, Mohnish PabraiLeave a Comment

We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor Should Read Bill Ackman: 11 Books That Every Investor Should Read Joel Greenblatt: 17 … Read More

Mohnish Pabrai: Volatility Is The Friend Of A Long-Term Investor

Johnny HopkinsInvesting Strategy, Mohnish PabraiLeave a Comment

Here’s a great recent interview with Mohnish Pabrai at The Economic Times. Pabrai discusses how he finds opportunities in todays bull market, portfolio concentration, his investing checklist, cloning, and why he’s shifted his stock-picking focus from the U.S to India saying: “One of the reasons it’s probably becoming harder is that the number of companies listed in the US have gone … Read More

Mohnish Pabrai’s Advice For Value Investors – Forbes

Johnny HopkinsInvesting Strategy, Mohnish PabraiLeave a Comment

Here’s a great recent interview with Mohnish Pabrai and Kevin Harris at SumZero in which Pabrai provides some valuable investing insights: Kevin Harris: What or who have been your most important investing influences? Mohnish Pabrai: That’s an easy one. My important influences have been Warren Buffet and Charlie Munger. I was introduced to Warren through reading Lowenstein’s biography ‘The Making … Read More

Mohnish Pabrai: The Yellowstone Factor In Investing

Johnny HopkinsMohnish PabraiLeave a Comment

Some years ago Mohnish Pabrai wrote a great piece about valuing investments called – The Yellowstone Factor. In the article Pabrai provided some great insights on the importance of not relying on absolute and precise mathematics in investing saying: “Investing is not a discipline based on absolutes or precise mathematics. There simply aren’t enough data points available to work out the exact … Read More

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

Johnny HopkinsMohnish PabraiLeave a Comment

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

Johnny HopkinsMohnish PabraiLeave a Comment

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

Johnny HopkinsMohnish PabraiLeave a Comment

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: … Read More

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

Johnny HopkinsMohnish Pabrai7 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

Johnny HopkinsMohnish PabraiLeave a Comment

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

Johnny HopkinsMohnish PabraiLeave a Comment

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