Mohnish Pabrai & Guy Spier on Principles For Building Wealth & Wisdom (Helvetian Investment Club)
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- เผยแพร่เมื่อ 26 ส.ค. 2024
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We are honoured and excited to host a speaker event with Mohnish Pabrai, value-oriented fund manager and author and philanthropist - the founder of the Dakshana Foundation , in a Q&A setting co-hosted by our esteemed former guest Guy Spier.
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The Guy Spier- Mohnish Pabrai Comradery is extremely special. They both deserve every bit of success they have achieved and more
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. 🙏
Guy spiers book on value investing is the best book on value investment i read
Care to share some insights from the book
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.
Thank you Guy for getting Mohnish to do this. Amazing lessons from you both!
Fantastic content. Thanks for sharing.
thanks for putting this together Mohnish, Guy, and Julius, super valuable!
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!
🎉
Both Monish and Guy are humble and honest. I listen to them over and over. There is always something more you learn. Thank you.
Guy, Mohnish - I’m forever in gratitude for your knowledge sharing.
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.
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
Thank you all!
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.
What a treasure I have found! Your channel is invaluable and I will explore it fully.
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
Good job with the mic, Mohnish! :D
Hey Guys, thanks so much for your Time!
Tons of honest Knowledge in this talk from two Geniuses. Love their honesty & humbleness.Thank You Julius
What a profound sharing!! Love to mohinsh and guy spier❤
thank you so much Monish, Guy and Julius
Love from Bihar,India 💛
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%
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.
Love and tremendous respect to you folks🕉🙏
Thank you for everything!
24:15 - Public Market vs Private Market ( other equity )
Monish is a great storyteller of Randomness.
Austin. Great place to be!!
very nice intro. puts you into the right stage of mind
It is always great to hear from Mohnish or Guy, but to have both in the same interview is excellent!
Daan Voskuil created some notes for the call - which you can view here: aqfd.docsend.com/view/4gdvrt6pxh6nb6wj
Thanks for sharing - excellent video and great ideas to think about.
Wow what a great conversation
More of this! Much more
I enjoyed hearing you and Mohnish speak Guy!
Was the book Monish referenced about telling the truth 'Power vs. Force' by David Hawkins?
Yup
Guy Spier - absolute legend
Would love to see a podcast that's just Guy and Mohnish having a chat once a week or so
Finally mohnish has the sm7b.
Amazing event!
Julius this was an awesome interview. That you Guy & Monish
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?
I’ve noticed Indians do sometimes think differently and see opportunities where others don’t. Very good at business and creating wide moat opportunities.
Great interview with great investors 👍 Thank you for sharing it 👍
Thank you for arranging such a nice session! It’s great to hear both Guy and Mohnish speak :)
This is such a great lesson at 52:30 - 54
Very interesting!
Thank you monkish, guy and judiush.
A team is going to have difficulty getting to consensus on stuff that's distressed or hated or unloved. Few fund managers understand this.
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.
@@drwilycoyote3804 I can see you are not very fond of him
❤🤝🤝🤝🤝🤝🙏🙏🙏 listening 2nd time
Crypto massacres stonks for beginners ✌️😯✨️
Will we ever have an interview with Mohnish where most of the time isn't talking about his friendship with Munger and Buffett?
WOW!
hi from india
Did anyone notice Monish's new microphone.
Thank you Mr Pabrai for buying a new one.
Who is this Turkey fund guy?
Yes, Candor works great with me. Except, the wife don't like it that much .LOL.
I sense that a lot of META stock will be sold!
Hour worth gold.
High-quality person, lol
don't get why Guy and Munger don't like Turkey
Outside circle?
political risk. You cant send and recieve large funds easily.
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.
True but his track record is still good
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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.”
Mohnish track record is not great. Guy’s is great though
Freaking stupid conversation. None of this really helps
shameless cloning