Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023

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Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023.
00:00:00 Introduction
00:00:58 My childhood
00:12:49 My journey towards investing
00:24:01 Starting Pabrai Funds during the dot-com bubble
00:26:54 IPSCO
00:30:31 2009 financial crisis
00:32:43 The Fiat Chrysler Investment in 2012
00:35:05 Meeting Michael Burry in 2008
00:38:45 COVID-19 pandemic
00:44:30 Satyam Computers & Blue Dart
00:53:06 Rakesh Jhunjhunwala
00:54:32 Anomaly-based investing
00:56:18 Reysas
01:00:30 Varun Beverages and Coca-Cola Icecek
01:05:06 When to sell a stock?
01:08:33 Equities vs other asset classes
01:13:19 PeopleSoft
01:17:58 Teaching kids about money
01:24:03 Reading advice
01:28:30 Dakshana Foundation
01:35:14 Compounding is the 8th wonder of the world
The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

Пікірлер: 80

@chalermyotwongmueang6372 Жыл бұрын

God loves me so much that I found Mohnish🙏

@islandinfluence231 Жыл бұрын

😂 Same!

@AEVMU Ай бұрын

But not that much.

@favoursmith8501 Жыл бұрын

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

@fxkathybviatelegramonly4016 Жыл бұрын

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

@masangogabriel3356 Жыл бұрын

I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

@nobuhlerodrigocath2755 Жыл бұрын

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.

@debocknolan6273 Жыл бұрын

Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls

@nobuhlerodrigocath2755 Жыл бұрын

It would be a very innovative suggestion to look out for Financial Advisors like Monica Payne Tutorials who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.

@HabibQureshi Жыл бұрын

I try to listen to all talks here. This is probably the best one!! (since now I guess I got the essence of modern day value investing) Great great questions as well! Thank you Rahul Many many thanks Mohnish! Especially for sharing wisdom and life long learning! I usually only comment just once or twice in a year..

@arfinsyed Жыл бұрын

Rahul has asked such good questions that made this interview one of my favorites. Thanks, Monish for sharing so much of your experience.

@rajg825 Жыл бұрын

Thank you Mohnish 🙏🏼

@airforceandnavyupdate3691 Жыл бұрын

Thankyou sir feel great the first one to listen your word thank you sir for all your work you are doing for us and sharing knowledge

@angelsancheese Жыл бұрын

Thank you for making the chapters in the video

@trader4397 Жыл бұрын

love this interview! Great job Mohnish

@gingerkilkus Жыл бұрын

From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?

@lowcostfresh2266 Жыл бұрын

I have learned from past experience that basing market judgements and decisions solely on rumors and hearsay can lead to detrimental results. In 2020, I fell victim to such a situation and was left holding worthless positions in the market. To overcome this, I sought the assistance of a professional advisor and made significant changes to my portfolio. Over the past two years, I have worked with this advisor and have seen a growth of 350k in my portfolio, demonstrating that profitable opportunities can be found in both bullish and bearish market conditions, it is a matter of strategic investment approach.

@TomD226 Жыл бұрын

@@lowcostfresh2266 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help ?

@lowcostfresh2266 Жыл бұрын

@@TomD226 My advisor Laurel Dell Sroufe is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@hasede-lg9hj Жыл бұрын

@@lowcostfresh2266 thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!

@abkamath Жыл бұрын

It's always pleasure hearing Mohnish and thanks for uploading it to youtube

@jbrunogds 4 ай бұрын

This is one of the best set of questions of all Pabrai's lectures

@Cloninginvesting Жыл бұрын

one of the best podcast I can say, thank you both of you

@drew9312 Жыл бұрын

Fantastic interview. What a hugely talented, driven, successful yet humble and generous guy Mohnish is.

@railwaysgroupdlife5722 Жыл бұрын

Thanks sir, Thanks jio, for making us reach such an amazing people like you, sir.......

@harshitranjan1108 Ай бұрын

Very well conducted interview

@UllahMohd 4 ай бұрын

Amazing narrative of an outperformer! 💝 The more I listen to M Pabrai, the more I plead to hear! Such a great teacher!

@HK629Max 11 ай бұрын

thanks for the lessons

@LiamConnolly8 Жыл бұрын

Thanks mohnish , sharing your experiences I’ve found valuable as a investor 👍

@brandonhooper7748 Жыл бұрын

Thank you.

@ValueMaverick Жыл бұрын

Thanks Mohnish for all the knowledge.

@kiranvrao9714 Жыл бұрын

Thank you

@jayankozhikote5960 Жыл бұрын

Great stuff. Would love to hear Mohnish talking about his errors in stock picking and its learnings.

@aarsethdiane853 Жыл бұрын

“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months

@kimtreasa Жыл бұрын

I'll suggest you find a mentor or someone with experience to guide you especially in this recession

@MargaretDKnapp Жыл бұрын

You make a really good point; when I first started investing on my own, the market was seriously taking advantage of me. I hired a broker despite my initial skepticism, and I outperformed the market by more than 9%. I initially believed it was an anomaly, but after it occurred twice in a row, I decided to remain with investing through an analyst.

@thomaswhiddon9124 Жыл бұрын

I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

@kimtreasa Жыл бұрын

My Financial Advisor is MONICA PAYNE TUTORIALS. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so

@thomaswhiddon9124 Жыл бұрын

I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

@whiterabbit4171 Жыл бұрын

The interviewer asked just the perfect questions

@theintelligentcompounder Жыл бұрын

Dear Mohnish, I recently read a philosophical book called “Capitalism and the death drive”… where I discovered the public company Acxiom, now known as LiveRamp… Thank you for all the lessons you’ve made public. Sincerely, Dan Charrois

@dolevmazker736 Жыл бұрын

Rahul nailed this interview. Great listener and great Q and A .

@tushargaur8528 Жыл бұрын

Great

@aidanfogarty3768 Жыл бұрын

My wife said she will leave me if I pay to have lunch with Monish Pabrai. I'll miss her 😢

@sasmouth 3 ай бұрын

Always amazing

@AhmedBushara-jo3os Жыл бұрын

Thank you very much Mohnish. You said God love You to bless you with all the investments opportunities You had, and God really love Us also to have us live with You in the same Era. We are very fortunate, and God love Us.

@bernardodiazz Жыл бұрын

hahaha loved the burry part, "ok, that was weird" 🤣

@aristark559 Жыл бұрын

whats the name of this intro song? it puts me in a dhandho investor state all the time😌

@user-pj9du6du7j Жыл бұрын

Good

@XOPOIIIO 10 ай бұрын

Imaging your dad learned about value investing and getting all in on it.

@CaptainMatteo Жыл бұрын

i like the intro music

@rahulchahal3824 Жыл бұрын

I’d like to meet you just to get a photo. I’ve listened to so many of your KZfaq videos

@ScalperSpecltr Ай бұрын

I started my account in Jan of 2013, and id I only did what Mohnish preaches then I would have been a rich person. I started with 32K. Watch him almost yearly, but fail to follow. I am 40 now and I hope it’s not too late to start emulating him and his approach….anyone here who relates to me?

@moosesnWoop Жыл бұрын

Do you release these on podcast at the same time?

@Taimurali_0365 Жыл бұрын

❤❤❤

@mxtthompson Жыл бұрын

“What we are looking for in investing is things that when you look at them, you say ‘we are astonished!’”

@florentlabeille694 Жыл бұрын

Where can we meet and greet Mohnish next week in Omaha?? Want to give him a hug!

@ReflectionOcean Жыл бұрын

Investors need to read widely. When reading, look for something that interests you or leave it for something else.

@ReflectionOcean Жыл бұрын

I am struggling to find which part of this interview has to do with Michael Burry 🤣

@extremecouponing91 Жыл бұрын

Wondering if he got the idea for funeral homes out of Peter Lynch's book 😂

@extremecouponing91 Жыл бұрын

I think Bill ackman gets too much credit for his covid call 😂 I saw that coming and I don't have research department

@drdk858 Жыл бұрын

Michael burry was hoping to get lucky second time by selling everything. 😮

@rohtkumar8279 Жыл бұрын

Pls share ur daughter psychology channel

@charalambosmichael4678 Жыл бұрын

Pabrai fans, suppose we did find 1 or 2 companies that astonished us and we do wish to hold them forever. Why not allocate our capital to those two ideas alone? Because black swan events can happen. Because business are run by people and they too can make mistakes. Because it is easy to start doubting our thesis if Mr (efficient?) Market disagrees with us for too long. What would be your maximum portfolio allocation in a single stock?

@joezawinulreviewsandreacti2509 Жыл бұрын

If it's running I'm ok with two thirds in one stock but I think 5 stocks is generally better

@vdokurt Жыл бұрын

Jeez that host needs a better mic - sucks that an organization can’t even seem to care about the most basic requirements of a pod

@Thecaptainblackadder Жыл бұрын

Parbai dad is even more interesting! He sounds like he was in the wrong country. The only way you could have a successful business in 1970s india was to have license access. If he didn’t have it, it’s not his fault he failed.