I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. Especially since the stock market has been excellent lately.
Stock market is picking up pace right now no doubt but I think the importance of mitigating risks might be why many investors are turning to advisors for guidance.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staaufer’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
This is very inspiring. I'm working on my dream and always feel like nothing working out right for me. This video made me motivated to move forward. When I was 24, my company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances?
target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a fiduciary to avoid mistakes
Great! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Teresa L Athas turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a Financial Consultant or other professional for advice.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
Exploring U.S stock trading from Australia changed how I view investing. With a 30% surge, I gained about $50,000 But it also revealed the complexity of its market factors it demands skill and strategy.
as a lawyer ill say offshore trusts are a smart move for the wealthy to cut down on taxes. Taxes eat up the most money in our lifetimes, using offshore trusts helps keep more of what you earn. Its a smart money saving strategy for the rich
Having to deal with both local and international tax laws while managing investments sounds like walking a tightrope, that's only limiting options and adding to the pressure
I opted for an offshore trust due to its excellent tax efficiency and asset protection benefits especially for my international investments, after thorough research, I entrusted *Julianne Iwersen Niemann* a skilled tax professional and active fund manager, years ago. Through this, I've also invested in properties in New Zealand and the US, benefiting from low taxes on both assets and property investments. Additionally, the inheritance tax advantage, particularly in the US, would be significant, given the comparatively high tax rates in that jurisdiction
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@@Jonathan-hardwick95 You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@christian-x6r4h Rebecca Lynne Buie is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Just learnt few ways productivity can be managed, Appreciate the sense of detailed content...Everything can be made easier although a lot of ways to gamble on productivity has made it tough, It's so common that to some extent you have to participate at least attempt to get ahead and hopefully secure a comfortable retirement. Money sitting in the bank does not grow, money not invested well can be unproductive
Could be anything, real estates, stocks, bonds, anything... Just make sure you just don't buy anything but something you've looked into properly and objectively... If you don't have the time, you could use an F.A or realtor or any expert there... For me, it was stocks because it was the cheapest to get into. I have made up to 400,000 in profits with a guide, There are more options these days..
Totally settle on utilizing an aide, yet where do one even track down a decent F.A ? I'm prepared to get serious about expending, however the choices out there are overpowering
The greatest episode ever. Wisdom, psychology of money, how to start, how to grow, how to execute, how to invest, how to be rich and how to give. Just wow.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Meeting Mohnish earlier this month at the Berkshire Hathaway event was a highlight of my week! When I mentioned the upcoming MGM episode with Sean, his enthusiasm was infectious. He's truly a giant in the field ( and physically), yet incredibly gracious. Not only did he chat with me, but he also signed his book, "The Dhandho Investor," making the encounter even more memorable. This episode is unreal-I keep thinking it can't get better, but Sean, Sam, and the MFM team keep exceeding expectations!
i had the same thought. Basing it on tbe Hindu way of life, I would say Mohnish, Warren,Charlie and such thinkers can be called Saints of Capitalism though it might sound weird. I want to live my life like these people
I regret not watching this interview earlier. I missed judge thinking it was just going to be bla bla.. This guy is down to earth, comes across as honest and extremely experienced. Transparent
I had never heard of Mohnish before Shaan mentioned him a couple weeks ago, but seriously I think this guy a gem of a find.. he seems so genuine and he’s not trying to push some agenda.. just sharing his thoughts and lessons.. he seems chill and really values his life and time.. I hope to keep these thoughts in mind throughout my life so that I can try to craft a life similar (at much less magnitude) to his! Awesome conversation
Felt like this could have been a 5 hr long conversation and would have still felt too short! Never have listened to something 2 hrs long and felt what a gem but sad it's over so quickly
This is episode of the year hands down. Watch all your videos and love them all, but this is on another level. Mohnish is an incredible mind and guest.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Aria Cookings, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Her technical analysis is excellent and her interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Aria is the perfect trader to follow for advise and daily signals.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
Just watched the full 2 hours non-stop! Amazing interview leaving space for Monish to speak and asking beautiful questions. Monish is unique. Thank you!
This is by far THE BEST mohnish interiew I saw. The interviewer was GREAT and had excellent scope of questions. Mohnish was focused and mentioned the most important attributes of an investor and shared great stories. THANK YOU !!! 🌹🌺🌻🌼🌷
This might be episode of the year - if you haven’t listened yet, make sure you have your note pad. It took me 3.5 hours to finish because I kept rewinding and taking notes 🔥🔥🔥🔥
What a fantastic guest! You need to bring Mohnish back on soon. A true wealth of knowledge. I write this as an adult who had multiple lemonade stands and a pretty solid Christmas time mistletoe hustle. 😂
First time commenting here. Mohnish, you're an inspiration for every immigrant hustling to make it, and Shawn, you were amazing. Listening to this brought both tears and joy.
One of the most impressive aspects of Michael Hugh Terpin trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.
Michael Hugh Terpin’s trading strategy is marked by a disciplined approach and a focus on risk management. He employs a diverse range of analytical tools and techniques to identify lucrative trading opportunities while mitigating potential risks. This meticulous approach has not only safeguarded my investments but has also generated substantial profits over time.
It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church
I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.
After the market dips deep and goes and starts going up on the other side there will be one week there will be a long tail down and it will close hi to 50 day and the 200 day will cross then the market will keep going up above the 200 day and stay above the 50 day don't sell Until It Breaks the 50-day hard it's allowed to go under the 50-day for 4 weeks in a row then let it keep on going up when it really breaks it hard which will probably be in 2 years can you sell you won't make millions but you'll do better than most
Amazing interview. Mohnish exudes wisdom- an extremely intelligent, talented, generous human being. Always so humble too. And what a story teller. Thank you both.
Was looking forward to this one since you mentioned it a month ago. Thank you so much for bringing Mohnish on. Love this guy! At this point, maybe I should do a documentary about him :D
Its the most incredible interview i have seen in a long time. As a fellow indian tryna make it in business in us, this is by far the most inspiring videos ever.
Where did you find this guy, he's so knowledgeable and his story telling way is awesome. Thanks for bringing him in this podcast and I have heard a best interactive podcast after a long time❤
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
Amazing interview, Amazing interviewee, amazing, hard hitting essential questions. I feel blessed to have had the opportunity to listen to the words of wisdom. Great job.
Thanks a lot, Shaan! I especially liked the idea of finding something hated and unloved. You can often find a lot of mispricing in things that are disliked or hated.
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
You should obviously consult a professional. However you have multiple options. 5% CD/Bond rates very low risk. Or buy equities and purchase puts for insurance. Either way you win.
The issue is most people have the "I want to do it myself mentality" but not equipped hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
Seeing my broker talked on TH-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
1:58:06 when he spoke about Charlie Munger, I had a burst of laugh and then a tear in my eyes. That story of reading 📚 was fantastic. Thank you so much for sharing such a wonderful story about him. That is how a man should be, no complaints, just go on.
Great conversation and amazing lessons! Aside from the "lemonade stand theory", which is complete nonsense xD. Some skills take decades to master, and many lessons are learned through the journey of life. Many people only find the real motivation to do something more than work for someone else later in life. That's why the average age of a US successful startup founder is in their 40s, and it's not just me saying it, but data. Sometimes it's a bit of luck, timing, and motivation, sometimes opportunities appeal later. Thank you for sharing this amazing content.
Have seen many interviews with Monish, but this one is different. Shaan gets the best out of his podcast guest. Thank you! I am pumped to continue pursuing asymmetry
There are three variables that matter for compounding: 1) Starting capital 2) Rate of return 3) Length of the runway "Give and take" by Adam Grant Book about types of people.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 120k I have saved so far for retirement which has depleted over the years?
I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.
I didn't knew Mr Pabrai before this, I never knew there is a guy who has the exat same thoughts as I do, even his quotes mean the same that I give to my friends and my patients, Absolutely loved the pod cast, would love to see Mr Pabrai once and may be partner with him in doing something even greater. One thing I noticed is our hunger for knowledge, what an excellent way to put that in words. Salute
Investing well requires mental discipline to go against human nature, which is a laborious process. Purchasing during a panic, selling amid exhilaration, and hanging on while uninterested and yearning for any stimulation. Investing is 95% temperament and 5% intellect.
For many years, government policy has disregarded the future. The judgement day is almost here. I'm predicting the stock market to tumble by 80%. Real estate will become more appealing to investors than equities. There won't be any cash in banks. You need to think of a plan for surviving.
It's frequently the case that people don't realise how important financial advisors are until they suffer the consequences of making rash decisions. A few summers ago, following a difficult divorce, I recall needing support for my faltering business. After doing some research, I located a qualified advisor who worked hard to increase my reserves in spite of inflation. As a result, my reserves went from roughly $275k to $750k.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
What an amazing interview. I’m delighted to meet and listen from Mr Mohnish. I appreciate his deep respect to the investment gurus Charlie and Warren, and his exceptional articulation of his thoughts. Many thanks to your channel for making this interview 🙏🏻😊
@Shaan Puri, a humble suggestion. The title needs to have the name " Mohnish Pabrai" mentioned somewhere .... can't miss that on such a classy interview.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional
I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Well-done. Gertrude Margaret Quinto appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Shaan is always joking around and having fun with learnings...so in that vein here goes....Mohnish is not just the Indian W. Buffet, with that mustache and features he looks like he could pulll of the Monopoly man role also! Anyone else think so?
He's literally wearing a latex fake head. Mission Impossible was trying to tell us in the 90s. High net worth and operatives do this regularly. You can tell from how it doesn't look like a real human head, the "wet look" shiny head, neck, fake ears etc.
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. Especially since the stock market has been excellent lately.
Stock market is picking up pace right now no doubt but I think the importance of mitigating risks might be why many investors are turning to advisors for guidance.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staaufer’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
This is very inspiring. I'm working on my dream and always feel like nothing working out right for me. This video made me motivated to move forward. When I was 24, my company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances?
target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a fiduciary to avoid mistakes
Great! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Teresa L Athas turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a Financial Consultant or other professional for advice.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid corona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
@@ThomasChai05Hope you don't mind if I ask you to recommend this particular professional you use their service?
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
Exploring U.S stock trading from Australia changed how I view investing. With a 30% surge, I gained about $50,000 But it also revealed the complexity of its market factors it demands skill and strategy.
It is a bit different but nothing too complicated that makes it too difficult to manage after some awareness of it all. Cheers
as a lawyer ill say offshore trusts are a smart move for the wealthy to cut down on taxes. Taxes eat up the most money in our lifetimes, using offshore trusts helps keep more of what you earn. Its a smart money saving strategy for the rich
Having to deal with both local and international tax laws while managing investments sounds like walking a tightrope, that's only limiting options and adding to the pressure
I opted for an offshore trust due to its excellent tax efficiency and asset protection benefits especially for my international investments, after thorough research, I entrusted *Julianne Iwersen Niemann* a skilled tax professional and active fund manager, years ago. Through this, I've also invested in properties in New Zealand and the US, benefiting from low taxes on both assets and property investments. Additionally, the inheritance tax advantage, particularly in the US, would be significant, given the comparatively high tax rates in that jurisdiction
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@@Jonathan-hardwick95 You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counsellor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@@pentagon1985 That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
@@christian-x6r4h Rebecca Lynne Buie is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@@pentagon1985
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Just learnt few ways productivity can be managed, Appreciate the sense of detailed content...Everything can be made easier although a lot of ways to gamble on productivity has made it tough, It's so common that to some extent you have to participate at least attempt to get ahead and hopefully secure a comfortable retirement. Money sitting in the bank does not grow, money not invested well can be unproductive
How do you know what to invest in? How can you know if it is the right choice?
Could be anything, real estates, stocks, bonds, anything... Just make sure you just don't buy anything but something you've looked into properly and objectively... If you don't have the time, you could use an F.A or realtor or any expert there... For me, it was stocks because it was the cheapest to get into. I have made up to 400,000 in profits with a guide, There are more options these days..
Totally settle on utilizing an aide, yet where do one even track down a decent F.A ? I'm prepared to get serious about expending, however the choices out there are overpowering
Consistent results aren't luck. Research was the challenge however it led to Lisa Michelle Pacillas, a top CFA well known with an impressive strategy.
she might be worth checking out online
The greatest episode ever. Wisdom, psychology of money, how to start, how to grow, how to execute, how to invest, how to be rich and how to give. Just wow.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
I appreciate that Shaan lets him speak without interruption.
Exactly
Yes agree,too much interruption. Actually he wants to speak much not the guest😂
that's a real podcaster do I believe whi h shaan did
Unlike Sam
Unlike L Howes
Unreal, this video is easily the best yet. Monish is a next level mind! The first 10 minutes around children was a life changing paradigm shift
The GOATED episode of the Pod
Meeting Mohnish earlier this month at the Berkshire Hathaway event was a highlight of my week!
When I mentioned the upcoming MGM episode with Sean, his enthusiasm was infectious.
He's truly a giant in the field ( and physically), yet incredibly gracious.
Not only did he chat with me, but he also signed his book, "The Dhandho Investor," making the encounter even more memorable. This episode is unreal-I keep thinking it can't get better, but Sean, Sam, and the MFM team keep exceeding expectations!
Is he part of Berkshire Hathaway?
@@jetpark3743 No. He's a Shareholder but also friends with the Chairman - Warren Buffett
@@MONEYWISEDOCTOR At 1:36:53 Mohnish says "we".
I always say " Entrepreneurs take risks" but i got corrected today.. thank you sir! "Entrepreneurs minimize risk" . Learned a lot from this interview!
I don't think we realize how lucky we are to have this podcast interview with Mohnish.
🤣😂😂 Mohnish is just talk. He has no record of achieving anything at all.
Imagine a prospective PE firm offers you a position and subsequently comes across this comment. I’d rescind that offer.
i had the same thought. Basing it on tbe Hindu way of life, I would say Mohnish, Warren,Charlie and such thinkers can be called Saints of Capitalism though it might sound weird. I want to live my life like these people
I hope we realize though, that everyone won't be nearly as lucky as Pabrai if you practice a strategy like that.
Sure he made billions doing nothing. People on the internet are funny
At any party everyone will gather around him and listen to his stories for hours without ever getting bored. This alone is an incredible talent.
Correct
I regret not watching this interview earlier. I missed judge thinking it was just going to be bla bla.. This guy is down to earth, comes across as honest and extremely experienced.
Transparent
This is the single best podcast in history for any business person looking for real knowledge
I had never heard of Mohnish before Shaan mentioned him a couple weeks ago, but seriously I think this guy a gem of a find.. he seems so genuine and he’s not trying to push some agenda.. just sharing his thoughts and lessons.. he seems chill and really values his life and time.. I hope to keep these thoughts in mind throughout my life so that I can try to craft a life similar (at much less magnitude) to his! Awesome conversation
He has a book called the Dhando Investor.
Felt like this could have been a 5 hr long conversation and would have still felt too short! Never have listened to something 2 hrs long and felt what a gem but sad it's over so quickly
Same
my grandma always told me: Always trust every word coming from bold Indian man with a mustache..........................
😂 Indeed
This is episode of the year hands down. Watch all your videos and love them all, but this is on another level. Mohnish is an incredible mind and guest.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Aria Cookings, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Aria Cookings program is widely available online.
Her technical analysis is excellent and her interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Aria is the perfect trader to follow for advise and daily signals.
Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
Trading with an expert is the best strategy for beginners and busy investor's who have little or no time to monitor their trades.
these stories of warren buffett are pure gold. So resourceful.
Most valuable interview yet. Wisdom about starting, not just expanding existing wealth.
One of the most insightful discussions I've ever heard which just changed my life. Thks for interviewing Mr. Mohnish.
I flew to Toronto in April just to tell him thank you. He changed my life.
Okay bot
There are Givers, Takers, and Matchers... That just changed my life....
Just watched the full 2 hours non-stop! Amazing interview leaving space for Monish to speak and asking beautiful questions. Monish is unique. Thank you!
2 hours of pure gold!
Phenomenal mind, and great ability to explain things in a digestible way. One of my favorites on MFM
I owe Shaan a tuition bill
🔥🔥 comment lol
Bidding for lunch starts at $50,000
100000
This is by far THE BEST mohnish interiew I saw. The interviewer was GREAT and had excellent scope of questions. Mohnish was focused and mentioned the most important attributes of an investor and shared great stories. THANK YOU !!! 🌹🌺🌻🌼🌷
I just started listening and I caught myself thinking - this podcast is my favorite piece of content out there
mine too
Very impactful session. Can’t remember the last time I completed a full interview on TH-cam. Thanks for the interview.
Hi I am from India and father of kids below 10, the information you gave from this podcast is priceless
Thank you very much to both
This might be episode of the year - if you haven’t listened yet, make sure you have your note pad. It took me 3.5 hours to finish because I kept rewinding and taking notes 🔥🔥🔥🔥
thats the sign of a great ep
Sell those notes buddy!
@@MyFirstMillionPodsell those notes buddy
@@eastkailash7037 🤣🤣
I’m trying to apply these notes to my OF business 🤔
This is an ecxeptional interview. One that keeps on giving in every minute of it.
What a fantastic guest! You need to bring Mohnish back on soon. A true wealth of knowledge. I write this as an adult who had multiple lemonade stands and a pretty solid Christmas time mistletoe hustle. 😂
nah.
First time commenting here. Mohnish, you're an inspiration for every immigrant hustling to make it, and Shawn, you were amazing. Listening to this brought both tears and joy.
One of the most impressive aspects of Michael Hugh Terpin trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.
Michael Hugh Terpin’s trading strategy is marked by a disciplined approach and a focus on risk management. He employs a diverse range of analytical tools and techniques to identify lucrative trading opportunities while mitigating potential risks. This meticulous approach has not only safeguarded my investments but has also generated substantial profits over time.
*HE'S ALWAYS ACTIVE ON TELEGRAMS*
*@michaeltpin*
It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church
*what s a p*
I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.
I've seen a lot of positive reviews about this professional, she must be exceptional for people to talk about her goodness
Please how can someone get to speak with her?
After the market dips deep and goes and starts going up on the other side there will be one week there will be a long tail down and it will close hi to 50 day and the 200 day will cross then the market will keep going up above the 200 day and stay above the 50 day don't sell Until It Breaks the 50-day hard it's allowed to go under the 50-day for 4 weeks in a row then let it keep on going up when it really breaks it hard which will probably be in 2 years can you sell you won't make millions but you'll do better than most
Oh you have to learn how to read a chart for this learn how to read stock charts
Nice try
Shaan What I loved about you is the ability to wait and listen, it's phenomenal how you just wait!
He's in the right country at the right time. India is on the upswing.
Amazing interview. Mohnish exudes wisdom- an extremely intelligent, talented, generous human being. Always so humble too. And what a story teller. Thank you both.
Was looking forward to this one since you mentioned it a month ago. Thank you so much for bringing Mohnish on. Love this guy! At this point, maybe I should do a documentary about him :D
One of my heroes.
@@lennard3204зддддд😊😊йййййпйй❤❤й❤ййиййс ❤й
Doooooo it!!!
Yes!
I haven’t even watched yet but I think this is early candidate for episode of the year.
Everyone in the comments focused on themselves, their ideas, their situation
No one focused on the video, it's ideas, etc.
It was really inspiring talk. 2h passed like a minute. Monish once copying his investment gurus, now become guru himself.
Such a fantastic interview!!! Really enjoyed every minute of this 👏
you can really hear the influence from Charlie and Buffet in his takes. thanks for introducing me to Mohnish
🔥🔥🔥 quality of guests lately. Unreal
I start coding at 11 and I’m now building my own blockchain and run 3 startups.
Its the most incredible interview i have seen in a long time.
As a fellow indian tryna make it in business in us, this is by far the most inspiring videos ever.
Where did you find this guy, he's so knowledgeable and his story telling way is awesome. Thanks for bringing him in this podcast and I have heard a best interactive podcast after a long time❤
Haydar Acun at Marmara Capital was who showed Mohnish Pabrai the companies in Turkiye. I hadn't known this nugget before this interview.
thanks man ...
The level of this channel is skyrocketing
3 words, just like Buffet. BUY and HOLD forever
This easily made my top 3 MFM ep! Mohnish appears to be such a humble gentlemen! I enjoyed all his stories.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
This the only podcast I have seen fully….. 2hrs of my time inside a library…. Worth it
So humble and wise, Time well spent listening to Mohnish absolute legend
The dude so full of it .he made up those stories. Such an egomaniac. He was a conman some say.
@@matrixllc.5950 and you know this how exactly?
Two hours of Mohnish Pabrai preaching is a gift.
Best intro by far. I love that narrative style
Amazing interview, Amazing interviewee, amazing, hard hitting essential questions. I feel blessed to have had the opportunity to listen to the words of wisdom. Great job.
I thought Rakesh Jhunjhunwala is called India’s Warren Buffet
Thanks a lot, Shaan! I especially liked the idea of finding something hated and unloved. You can often find a lot of mispricing in things that are disliked or hated.
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how w0rthless 'cash savings' are in this current unstable economy. D0 you suggest I invst in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
You should obviously consult a professional. However you have multiple options. 5% CD/Bond rates very low risk. Or buy equities and purchase puts for insurance. Either way you win.
The issue is most people have the "I want to do it myself mentality" but not equipped hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
I watched the video with my 8 year old daughter and she enjoyed watching it. Thanks! :)
Podcast introduction…. Beautifully done
This guy is fregin brilliant . Not sure about the circus stache but I find myself googling and buying into his fund. So smart.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
Seeing my broker talked on TH-cam, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.
Thanks to my co_worker who suggested Mr Lucy Mary Liam to me
Please how ?
1:58:06 when he spoke about Charlie Munger, I had a burst of laugh and then a tear in my eyes. That story of reading 📚 was fantastic. Thank you so much for sharing such a wonderful story about him. That is how a man should be, no complaints, just go on.
Great conversation and amazing lessons!
Aside from the "lemonade stand theory", which is complete nonsense xD.
Some skills take decades to master, and many lessons are learned through the journey of life. Many people only find the real motivation to do something more than work for someone else later in life. That's why the average age of a US successful startup founder is in their 40s, and it's not just me saying it, but data.
Sometimes it's a bit of luck, timing, and motivation, sometimes opportunities appeal later.
Thank you for sharing this amazing content.
What's the data about the startup founders entrepreneurial history?
Not everything a rich man says is wisdom, this episode is the perfect example.
This is definitely one of your best podcasts yet. Thank you.
Have seen many interviews with Monish, but this one is different. Shaan gets the best out of his podcast guest. Thank you! I am pumped to continue pursuing asymmetry
He is exceptional in every aspect.
There are three variables that matter for compounding:
1) Starting capital
2) Rate of return
3) Length of the runway
"Give and take" by Adam Grant
Book about types of people.
Thank you for making this video. Very valuable information
Assigned this podcast to my teens for summer HW. Very valuable info.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 120k I have saved so far for retirement which has depleted over the years?
Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.
I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.
In my opinion, create a budget including income and expenses, do this with a financial advisor.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.
Very, very nice interview…on both sides….and you both, quite gracious and generous in your choice of words
Incredible episode one of your top 10 for sure!
Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett. Thank you
I didn't knew Mr Pabrai before this, I never knew there is a guy who has the exat same thoughts as I do, even his quotes mean the same that I give to my friends and my patients,
Absolutely loved the pod cast, would love to see Mr Pabrai once and may be partner with him in doing something even greater. One thing I noticed is our hunger for knowledge, what an excellent way to put that in words.
Salute
Investing well requires mental discipline to go against human nature, which is a laborious process. Purchasing during a panic, selling amid exhilaration, and hanging on while uninterested and yearning for any stimulation. Investing is 95% temperament and 5% intellect.
For many years, government policy has disregarded the future. The judgement day is almost here. I'm predicting the stock market to tumble by 80%. Real estate will become more appealing to investors than equities. There won't be any cash in banks. You need to think of a plan for surviving.
It's frequently the case that people don't realise how important financial advisors are until they suffer the consequences of making rash decisions. A few summers ago, following a difficult divorce, I recall needing support for my faltering business. After doing some research, I located a qualified advisor who worked hard to increase my reserves in spite of inflation. As a result, my reserves went from roughly $275k to $750k.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
I'm happy with the advisor's professional and timely help. Their expertise gives one confidence. eager for further conversations.
What an amazing interview. I’m delighted to meet and listen from Mr Mohnish. I appreciate his deep respect to the investment gurus Charlie and Warren, and his exceptional articulation of his thoughts. Many thanks to your channel for making this interview 🙏🏻😊
@Shaan Puri, a humble suggestion. The title needs to have the name " Mohnish Pabrai" mentioned somewhere .... can't miss that on such a classy interview.
Yes
Fantastic interview. If I can just internalize a tenth of his knowledge, and keep my emotions in check, I think things will be looking up soon.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional
I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
She's known as *Gertrude Margaret Quinto* One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Well-done. Gertrude Margaret Quinto appears to be highly knowledgeable and very qualified, came across her consulting page just after inputting her full name on the web. In fact, Ive seen commentaries about advisors, but not one looks this phenomenal.
Your experience in the financial industry really shines through in this video. It’s great to get advice from someone who truly knows the field.
Mohnish calling Mark Zuckerberg a Patel was a serious compliment that shouldn't be looked over.
I was captivated by his story telling skills. Thanks for having him on.
our pleasure
Is this Sadhguru of investing?
Hope not. Sadhguru is a fraud.
Yes, inner investing
He is a con man
No. This man is real!
Chadguru is a scam
Wonderful interviewing skills Shaan - Joe Rogan level! Awesome to hear such an unfiltered 2 hours from Monish, the stepchild of Warren and Charlie
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
What a pod ? All this wealth of information for free...unbelievable..sincere thanks Shaan and Sam for bringing us nothing short of the best
"if you're not 10y old when you're in business, then you're not built for it" - a few moments later - "yeah so my dad got me into the family business"
Extraordinary interview. A life’s worth of knowledge (actually, multiple lives). Thank you.
Shaan is always joking around and having fun with learnings...so in that vein here goes....Mohnish is not just the Indian W. Buffet, with that mustache and features he looks like he could pulll of the Monopoly man role also! Anyone else think so?
No
He's literally wearing a latex fake head. Mission Impossible was trying to tell us in the 90s. High net worth and operatives do this regularly. You can tell from how it doesn't look like a real human head, the "wet look" shiny head, neck, fake ears etc.
Appreciation of mind not caring of outer look is more important