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Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023.
00:00:00 Introduction
00:02:46 The Manhattan deal by American Indians in 1626
00:07:40 Compounding: Eighth wonder of the world
00:08:12 Queen Isabella's funding of Columbus discovery of America
00:11:33 My daughter's introduction to compounding
00:15:15 Factors of compounding
00:20:56 Never interrupt compounding unnecessarily
00:25:13 Large inheritances do more harm than good
00:28:15 Chuck Feeney: The Billionaire Who Wasn’t
00:33:44 My journey of investing
00:40:24 Berkshire's Twelve great decisions
00:43:17 Entrepreneurship vs. Investing
00:45:27 Owner's Manual
00:50:42 Index investing
00:54:06 Reysas
01:00:20 Handling macro risks
01:01:13 Understanding a business
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