Mohnish Pabrai & Guy Spier on Principles For Building Wealth & Wisdom (Helvetian Investment Club)

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 74

  • @piyushjain9929
    @piyushjain9929 2 ปีที่แล้ว +29

    The Guy Spier- Mohnish Pabrai Comradery is extremely special. They both deserve every bit of success they have achieved and more

  • @alphabeta8403
    @alphabeta8403 5 หลายเดือนก่อน +3

    11:10 Cloning and asymmetry
    19:55 Investing is NOT a team sport
    29:30 Circle of competence
    36:50 Generic traits; know yourself
    41:00 Current education system
    45:30 *Importance of concentration*
    51:30 We’re old too soon and wise too late
    54:30 How to grow initial capital

  • @Historyteacheraz
    @Historyteacheraz ปีที่แล้ว +2

    Guy and Mohnish make a great team. Always learning something valuable from these two. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the key investment principles to their success.

  • @p6blue
    @p6blue ปีที่แล้ว +5

    I heard this conversation 3 times, and I still feel like I'm learning something new each time. May sound like an exaggeration but it changed my life in one meaningful way -- got me to commit to living more honestly, fighting the urge to play a character when I'm around others. The Power vs. Force lesson is increasingly permeating my life, and while some relationships are getting strained as a result, I feel more peaceful, and am confident that it'll serve me well over the long run. Sincerely, thank you Guy and Mohnish. 🙏

  • @HamishHodder
    @HamishHodder 2 ปีที่แล้ว +18

    thanks for putting this together Mohnish, Guy, and Julius, super valuable!

  • @thegreattheone
    @thegreattheone ปีที่แล้ว +2

    Thank you Guy for getting Mohnish to do this. Amazing lessons from you both!

  • @guharup
    @guharup 2 ปีที่แล้ว +8

    Guy spiers book on value investing is the best book on value investment i read

    • @interests1094
      @interests1094 ปีที่แล้ว

      Care to share some insights from the book

  • @pareshpatel2642
    @pareshpatel2642 2 ปีที่แล้ว +4

    Both Monish and Guy are humble and honest. I listen to them over and over. There is always something more you learn. Thank you.

  • @peerguy
    @peerguy ปีที่แล้ว +1

    Guy, Mohnish - I’m forever in gratitude for your knowledge sharing.

  • @hhhrobi
    @hhhrobi 2 ปีที่แล้ว +10

    Good job with the mic, Mohnish! :D

  • @tshepokotelo3162
    @tshepokotelo3162 ปีที่แล้ว +1

    Mohnish pabrai inspires me because he didn't work in a hedge fund before he started his own. My dream is to do the same thing as he did

  • @tima7116
    @tima7116 2 ปีที่แล้ว +2

    Thank you Guy for putting this Q&A together! For everyone who consistently watches your videos it is a free investing/lessons on how life works education. Thank You Kindly!

    • @lucdo1278
      @lucdo1278 7 หลายเดือนก่อน

      🎉

  • @Value_Pilgrim
    @Value_Pilgrim 2 ปีที่แล้ว +1

    What a treasure I have found! Your channel is invaluable and I will explore it fully.

  • @RameshVishwakarma-wk2ls
    @RameshVishwakarma-wk2ls 2 ปีที่แล้ว

    Full of knowledge, all the time I have listened about Guy Spier in Mohnish talk but fist time got chance to listen Mr Guy Spier. Thank for sharing the your wisdom to us. Made a huge difference in my investing life.

  • @Jamespeats
    @Jamespeats 2 ปีที่แล้ว +2

    i like how you both talk about regrets of selling companies you shouldn't have and you dont look sad about them regrets, i hope at the end of my life i look back and i'm not sad about my regrets. Thank you all for organizing this.

  • @viktortischlik9948
    @viktortischlik9948 2 ปีที่แล้ว +3

    Hey Guys, thanks so much for your Time!

  • @alexzdragutz
    @alexzdragutz 2 ปีที่แล้ว +3

    Thank you all!

  • @ugeshinvestor2414
    @ugeshinvestor2414 ปีที่แล้ว +1

    What a profound sharing!! Love to mohinsh and guy spier❤

  • @ChristianSoschner
    @ChristianSoschner 4 หลายเดือนก่อน

    Fantastic content. Thanks for sharing.

  • @yanxiang1987
    @yanxiang1987 2 ปีที่แล้ว +1

    thank you so much Monish, Guy and Julius

  • @rss6999
    @rss6999 2 ปีที่แล้ว +2

    Tons of honest Knowledge in this talk from two Geniuses. Love their honesty & humbleness.Thank You Julius

  • @Deepak_Tao
    @Deepak_Tao ปีที่แล้ว

    Love and tremendous respect to you folks🕉🙏

  • @ConvergenceTrader
    @ConvergenceTrader 2 ปีที่แล้ว +2

    Love from Bihar,India 💛

  • @community1854
    @community1854 ปีที่แล้ว

    Austin. Great place to be!!

  • @_cipriangg_
    @_cipriangg_ 2 ปีที่แล้ว

    Thank you for everything!

  • @govindadhakal1990
    @govindadhakal1990 3 หลายเดือนก่อน

    Great ❤

  • @stockchemistry8313
    @stockchemistry8313 2 ปีที่แล้ว +1

    24:15 - Public Market vs Private Market ( other equity )

  • @mgusty
    @mgusty 2 ปีที่แล้ว +1

    Was the book Monish referenced about telling the truth 'Power vs. Force' by David Hawkins?

  • @johnbwill
    @johnbwill 6 หลายเดือนก่อน

    Mohnish instinctively understands that the secret to building trust is to do small kindnesses and to make small promises and keep them no matter what.

  • @investwithjosh
    @investwithjosh 2 ปีที่แล้ว

    It is always great to hear from Mohnish or Guy, but to have both in the same interview is excellent!

  • @RadMan24
    @RadMan24 2 ปีที่แล้ว +1

    Thanks for sharing - excellent video and great ideas to think about.

  • @AmitAujla20
    @AmitAujla20 2 ปีที่แล้ว +1

    Always great to hear Mohnish and Guy speak. Although on the Walton family and Walmart point he is wrong. The Walton family exerts significant control over Walmart with significant seats on the board and voting control of its over 50%

  • @nicholasdeguzman7144
    @nicholasdeguzman7144 2 ปีที่แล้ว

    I enjoyed hearing you and Mohnish speak Guy!

  • @gyulazen
    @gyulazen 2 ปีที่แล้ว

    Great interview with great investors 👍 Thank you for sharing it 👍

  • @abcdefg8465
    @abcdefg8465 2 ปีที่แล้ว

    More of this! Much more

  • @allanchoi7394
    @allanchoi7394 2 ปีที่แล้ว

    Thank you for arranging such a nice session! It’s great to hear both Guy and Mohnish speak :)

  • @GSpier12
    @GSpier12  2 ปีที่แล้ว +4

    Daan Voskuil created some notes for the call - which you can view here: aqfd.docsend.com/view/4gdvrt6pxh6nb6wj

  • @JamrockVybzTV
    @JamrockVybzTV 2 ปีที่แล้ว

    Julius this was an awesome interview. That you Guy & Monish

  • @varunjain2250
    @varunjain2250 2 ปีที่แล้ว

    Wow what a great conversation

  • @longboarderanonymous5718
    @longboarderanonymous5718 6 หลายเดือนก่อน

    Monish is a great storyteller of Randomness.

  • @community1854
    @community1854 ปีที่แล้ว

    Very interesting!

  • @Cloninginvesting
    @Cloninginvesting 8 หลายเดือนก่อน

    ❤🤝🤝🤝🤝🤝🙏🙏🙏 listening 2nd time

  • @All_Cylinders
    @All_Cylinders 2 ปีที่แล้ว +1

    Would love to see a podcast that's just Guy and Mohnish having a chat once a week or so

  • @jesperkondrup5681
    @jesperkondrup5681 2 ปีที่แล้ว +1

    This is such a great lesson at 52:30 - 54

  • @minhquach6875
    @minhquach6875 ปีที่แล้ว

    Thank you monkish, guy and judiush.

  • @jaspier8439
    @jaspier8439 ปีที่แล้ว +1

    Finally mohnish has the sm7b.

  • @BradKaellner
    @BradKaellner 2 ปีที่แล้ว +4

    A team is going to have difficulty getting to consensus on stuff that's distressed or hated or unloved. Few fund managers understand this.

    • @drwilycoyote3804
      @drwilycoyote3804 2 ปีที่แล้ว

      The "team" of Berkshire Hathaway - Warren Buffett, Charlie Munger, Todd Combs, and Ted Weschler would disagree. The point of having a team is bringing the different perspectives to challenge your biases and protect you from your blindspots i.e. confirmation bias, etc. This is also the example of how they decided on Apple as an Investment.
      Now if he said most fund managers form bad teams and set bad culture - different topic. That's a discussion of organizing how a team operates and the norms expected to combat the worst of human behaviors. That's what great teams do.
      Also, no one ever said every team has to make decisions by consensus - although it can be argued that structuring a great & balanced team around you means that consensus process will be very powerful. Surely the decision rights have to be clear in a team but when Mohnish says it must be a dictatorship, it suggests he prefers to operate with a degree of self-sufficiency & hubris that is disconcerting to say the least. Hopefully his conversations with Guy and Charlie help keep him grounded.

    • @gauravthadanii
      @gauravthadanii ปีที่แล้ว

      @@drwilycoyote3804 I can see you are not very fond of him

  • @ITOXIC_YT
    @ITOXIC_YT 2 ปีที่แล้ว

    I’ve noticed Indians do sometimes think differently and see opportunities where others don’t. Very good at business and creating wide moat opportunities.

  • @worldtravel4973
    @worldtravel4973 2 ปีที่แล้ว +2

    Who is this Turkey fund guy?

  • @thomasrust6637
    @thomasrust6637 ปีที่แล้ว

    One topic I have never heard any intelligent investor talk about is bad information/advice entering their mind and how they screen for it to be discarded. How do they protect their mind from bad information being logged in their memory?

  • @mohlini1
    @mohlini1 2 ปีที่แล้ว

    WOW!

  • @christopherfairhurst978
    @christopherfairhurst978 2 ปีที่แล้ว +6

    Guy Spier - absolute legend

  • @fmalexander5555
    @fmalexander5555 ปีที่แล้ว +1

    Crypto massacres stonks for beginners ✌️😯✨️

  • @dolevmazker736
    @dolevmazker736 2 ปีที่แล้ว +1

    Did anyone notice Monish's new microphone.
    Thank you Mr Pabrai for buying a new one.

  • @simba1608
    @simba1608 2 ปีที่แล้ว +2

    Will we ever have an interview with Mohnish where most of the time isn't talking about his friendship with Munger and Buffett?

  • @Mafia_playz937
    @Mafia_playz937 11 หลายเดือนก่อน +1

    hi from india

  • @paganini0332
    @paganini0332 2 ปีที่แล้ว +1

    I sense that a lot of META stock will be sold!

  • @tjahjadialdo3012
    @tjahjadialdo3012 2 ปีที่แล้ว +1

    Yes, Candor works great with me. Except, the wife don't like it that much .LOL.

  • @joezawinulreviewsandreacti2509
    @joezawinulreviewsandreacti2509 2 ปีที่แล้ว

    don't get why Guy and Munger don't like Turkey

    • @BradKaellner
      @BradKaellner 2 ปีที่แล้ว

      Outside circle?

    • @emrahny
      @emrahny 11 หลายเดือนก่อน

      political risk. You cant send and recieve large funds easily.

  • @in_neerajpandey
    @in_neerajpandey 2 ปีที่แล้ว

    Hour worth gold.

  • @lorenzmuller3542
    @lorenzmuller3542 2 ปีที่แล้ว +1

    High-quality person, lol

  • @Johnsmith-do2js
    @Johnsmith-do2js ปีที่แล้ว

    Mohnish track record is not great. Guy’s is great though

  • @menash07
    @menash07 2 ปีที่แล้ว +5

    Guy, I’m not a fan of Mohnish Pabrai. He doesn’t really practice what he preaches on value investing. On many instances, he would come out speaking highly of a stock then the following quarter he would sell his entire position.
    I understand that he is friends with Munger but that doesn’t mean anything. Pabrai is just an example of chauffeur knowledge.

    • @joezawinulreviewsandreacti2509
      @joezawinulreviewsandreacti2509 2 ปีที่แล้ว +1

      True but his track record is still good

    • @menash07
      @menash07 2 ปีที่แล้ว +3

      @@joezawinulreviewsandreacti2509
      After receiving the Nobel Prize in Physics in 1918, Max Planck went on tour across Germany. Wherever he was invited, he delivered the same lecture on new quantum mechanics. Over time, his chauffeur grew to know it by heart: “It has to be boring giving the same speech each time, Professor Planck. How about I do it for you in Munich? You can sit in the front row and wear my chauffeur’s cap. That’d give us both a bit of variety.” Planck liked the idea, so that evening the driver held a long lecture on quantum mechanics in front of a distinguished audience. Later, a physics professor stood up with a question. The driver recoiled: “Never would I have thought that someone from such an advanced city as Munich would ask such a simple question! My chauffeur will answer it.”

  • @cesarmolina2328
    @cesarmolina2328 7 หลายเดือนก่อน

    Freaking stupid conversation. None of this really helps

  • @shahbazyusuf1190
    @shahbazyusuf1190 6 หลายเดือนก่อน

    shameless cloning