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
Mohnish Pabrai: Which Berkshire Businesses Will Be Around In 200 Years
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
Mohnish Pabrai: Most Potential Investments Will Have Some ‘Hair’ On Them
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
Mohnish Pabrai: Margin Of Safety – The Free Lunch In Investing
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
Mohnish Pabrai: How Warren Buffett Maximizes His Investment Returns Without Doing Any Heavy Lifting
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
Mohnish Pabrai: It’s OK To End Up With 80%-90% Of Your Net Worth In One Stock
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
Mohnish Pabrai: Investors Who Find Themselves At The Bottom Of A Deep Well Need A Long Rope To Get Out
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
Mohnish Pabrai: Markets Provide Investors With Very High Error Rates
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