Mohnish Pabrai's Presentation and Q&A at Boston College and Harvard Business School on Oct 27, 2022
Рет қаралды 48,510
Күн бұрынMohnish Pabrai's Presentation and Q&A at Boston College and Harvard Business School on Oct 27, 2022.
00:00:00 Introduction
00:02:16 The Uber Cannibals Investing Framework
00:27:30 Henry Singleton - The ultimate Uber Cannibal
00:36:56 The magic of buybacks
00:43:48 Investing in a high interest rate environment
00:46:58 Rules for philanthropy vs. capitalism
01:01:16 Figuring out intrinsic value
01:10:09 Creative destruction in capitalism
01:18:11 Mental models
01:22:27 Active vs. Passive Investment Management
01:25:54 Investing in global markets
01:44:08 Advice for students
The contents of this video 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.
@BradKaellner Жыл бұрын
Reupload because the slides weren't properly synched with audio, now fixed. Big takeaway: Henry Singleton was singularly focused on growing his own wealth through acquisitions and buybacks. Warren Buffett cared deeply about bringing his shareholders (partners) along for the ride.
@user-pl5zx4sp5c Жыл бұрын
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@edwardbrown1781 Жыл бұрын
Thank you for posting this. I watched and learned a few things. It is humbling to listen to people who have real mastery of the subject. Sincerely appreciated.
@aristark559 Жыл бұрын
You are doing Gods work here. Please more content like this!!!!! finally a more deeper insight in how to evaluate a company. all videos before people asked the same questions, this is the first time, you took the initiative and prepared so much quality for the outside world. i can learn so much from this. thank you so much Monish
@JC-ed9yi Жыл бұрын
It is crazy that we can get this every single year, thanks Mohnish.
@ericchen1008 Жыл бұрын
Again big thank you master Mohnish. You explained buy back and Henry Singleton so clearly!
@ghalibkhan80 Жыл бұрын
yes, every year we wait for the presentation at Boston College
@dishantkumar77 Жыл бұрын
Thank you Sir! For such a real world great education..🙏
@varunjain5789 Жыл бұрын
Always a treat to watch !!!!
@damansahni9039 Жыл бұрын
Thank you Arvind and Mohnish. Another set of benevolent insights from Mohnish. Arvind, Mohnish suggested that he'd leave the contract of the Industrial Psychologist with you. What is the best (least intrusive) way to receive that contact from you. Thank you.
@mohlini1 Жыл бұрын
Thanks Mohnish lovely presentation as always. It be nice if you shared your wisdom with less fortunate educational institutions where the quality of teachers is substantially low. Just saying.... this is why the rich get richer.... its starts at these very institutions. Someone like you can make a huge difference to the less fortunate student who dont make it to these kinds of schools.... Just my thoughts...
@LearningWithAnishSrinivas Жыл бұрын
Thank you Mohnish.
@davorsostaric Жыл бұрын
what happened? can you give us the link/contact for "owners manual"
@Mateo-zm2vo Жыл бұрын
Hi Mohnish hope you're doing great! Thanks a lot for all these marvellous learning opportunities to us mere mortals hehe. I think buying a better microphone would improve a lot the quality of the lectures, not just for us but also for the guys in the zoom meeting. I highly suggest it. Once again thanks a lot for your teachings and I wish you the best of luck
@ConvergenceTrader Жыл бұрын
Love from Bihar,India 💛
@yashagar4443 Жыл бұрын
Thanks a ton sir
@sannayodedra8403 Жыл бұрын
War can we find this slide for download
@PickingNuggets Жыл бұрын
Thank you Mohnish! Taking one percent of Apple per year is a sweet compensation 🍪💰
@AlexanderDiArmani Жыл бұрын
The mic is not good. The voice keeps cutting off.
@AndreHyperD Жыл бұрын
Does anyone know who, Mohnish is referring to that can assist with learning our “owners manual”? Any help would be great!
@tadakimasu Жыл бұрын
Sounds like a personality test. On search seems they ended it april 2022.
@susymay7831 Жыл бұрын
What do you think of investment bank Jefferies? How about LPX?
@diegoferrara7023 Жыл бұрын
i love this videos, but mr. Pabrai audio is always terrible... would be really nice to fix it :/
@HepCatJack 7 ай бұрын
At 20:43 "Need stable/growing business that is profitable. The business cannot be in decline" . I think not necessarily since Berkshire and Hathaway was a textile mill that was in decline. Buffett used the money still in that business to purchase shares of quality companies that were not in decline such as Geico. So instead of buying back its own shares, it bought other company's shares.
@gurkamalkanwar5776 Жыл бұрын
Mohnish cuts off and cant hear him at times. I want to hear every word he says. :)
@suzygarry6251 8 ай бұрын
Yes,change the microphone please
@IMSRGURJAR Жыл бұрын
Love you 💖
@thomasrust6637 Жыл бұрын
Very interesting... Brookfield asset management isn't on the list
@honeyjain6655 Жыл бұрын
someone tell me, how did he got expansion in the formula!! NVR = 0.95 I didn't get it!
@MaynardP 8 ай бұрын
Expansion reflects the change to the PE multiple over the buyback timeframe. For NVR 0.95, it reflects the PE has declined by 5% over the buyback timeframe.
@rishabhnair3789 Жыл бұрын
Can someone explain what Multiple Expansion is in the equation at 5:50 What does it mean and how to calculate that
@user-oy4tv6de6s Жыл бұрын
I can't english well. I think Multiple expansion means How much up or down trailing PE annually. so it can calculation like this first year trailing PE * (Multiple Expansion) = last year trailing PE I don't know you can read haha. I hope you can understand.
@chibaxi1982 Жыл бұрын
@@user-oy4tv6de6s thank you so much for this. the calculation is correct. but is this the way to calcualte multiple expansion?
@user-oy4tv6de6s Жыл бұрын
Yes i just change multiple expansion mean as a formular.
@tadakimasu Жыл бұрын
@@chibaxi1982 How's it correct? If we take the NVR example: 9.7/12.1= 0.8 not 0.95 as shown on the slide
@shakeelabdal-karim6488 22 күн бұрын
Incredible. AN is getting into auto financing. Juicy.
@glennnielsen8054 Жыл бұрын
It will be interesting in the future to see if Turkey's industry will benefit from access to Russian natural gas.
@dolevmazker736 Жыл бұрын
your content is very good, but you really need to fix your microphone when you speak. there are many times that you speak and I cant hear anything. Just buy a microphone and the podcasts will be much better understood. Thanks
@coachbrendan456 Жыл бұрын
34:46 list of cannibals (for future reference)
@mayurmarathe9992 Жыл бұрын
Sir I want to work with you and want to learn a lot from you
@rishabhnair3789 Жыл бұрын
His entire video spoke about how he doesn’t want to work with anyone, and you come and say this?
@ReflectionOcean Жыл бұрын
Mohnish: you don't need to use a spreadsheet to evaluate a business. Do you keep a record of your decision?
@allanpickett9419 Жыл бұрын
The parking lot is the icing on the cake for a poor business.
@fmalexander5555 Жыл бұрын
Richart Heart made bigger returns than Mohnish - FACT ✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨
@indivisibleman8596 Жыл бұрын
uber cannibal? wtf?
@allanpickett9419 Жыл бұрын
When are you going to add a cannibal to your 13F?
@georgesotiriou7051 Жыл бұрын
Oh NVR... The legendary pick by charlie479.
@n0cturnalgamer Жыл бұрын
monish - can you take a look at SQM for us? I am making a fortune with this stock. earnings is going through the roof.
@menash07 Жыл бұрын
Pabrai is not a credible person in my opinion. He praises companies and relatively shortly afterwards exists the positions (Alibaba. Seritage, Shinoken just as examples). Now there is nothing wrong with changing your mind, but if you have the confidence to praise companies into heaven to your audience, you should know enough about them and not have to change your thesis every five minutes. If your own commitment ist so volatile, you should not praise these companies as if you have figured them out.
@rishabhnair3789 Жыл бұрын
just for research purposes, where do you track Pabrai's holdings or transactions ? Do you have a legitimate source?
@menash07 Жыл бұрын
@@rishabhnair3789 Dataroma
@menash07 Жыл бұрын
@@thanksforyouruploads all of these things are great but it is only an act. He is not truthful and deceived his investors and followers many times. Please go look up his returns during the last 10 years. 0 returns
@dlangere Жыл бұрын
@@menash07 wow, zero return in the past 10yrs?
@menash07 Жыл бұрын
@@dlangere Yes…. He is just an imposter tied up to Buffett and Munger
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