Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Get our business idea database here ➡️ clickhubspot.com/sop
Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing.
Mohnish is sometimes called the "Indian Warren Buffett" for his track record of value investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett & Munger.
-
Show Notes:
(0:00) Intro
(1:41) Why entrepreneurs make the best investors
(4:40) How Warren Buffett’s pre-paid for his college education
(9:56) Becoming Ben Graham’s Protege
(13:57) What Buffett learned about branding from See’s Candies
(17:53) Buffett’s failed play to be a candy mogul
(20:54) Identifying offering gaps
(21:47) Getting an MBA at age 14 as the son of an entrepreneur
(26:12) The 3 tells of a future millionaire
(28:49) Mohnish builds his first product with maxed out credit cards at 24
(31:21) The 168 hour framework
(33:56) “Entrepreneurs do not take risks”
(36:10) How Richard Branson launches Virgin Atlantic with no money
(39:09) How 0.1 percent of the population owns 70 percent of all the motels in America
(43:45) The unfair advantage of being a low-cost producer
(44:49) How Mohnish turned his first million into $13M in 5 years
(48:18) Pabrai Funds grows to $600M in assets in less than 10 years
(49:42) What Mohnish knows about fundraising that we don’t
(55:46) Pivoting from tech investments in 1999 to value investments
(58:50) $2M lunch with Warren Buffett
(1:04:15) Be a harsh grader of people
(1:08:09) The Givers, The Takers, and The Matchers
(1:11:30) “Heads I win, tails I don’t lose much”
(1:16:41) Private markets v public auctions
(1:21:15) The #1 trait that makes a great investor
(1:22:50) What people of Reddit think of Mohnish Pabrai
(1:24:26) Starting capital, annual rate of return, length of runway
(1:25:04) The rule of 72
(1:26:03) “The most important rule in life is how long something takes to double”
(1:30:21) Circle the Wagons Philosophy
(1:32:14) Losing $3B in one unfortunate event
(1:37:34) Be fearful when the world is greedy; Be greedy when the world is fearful
(1:38:34) What a value investor thinks of bitcoin
(1:39:50) Nick Sleep bets
(1:52:49) The Best Of: Capital Allocators
-
Links:
• The Intelligent Investor - tinyurl.com/3jmpjrmc
• The Dhandho Investor - tinyurl.com/53p9bhfv
• Mohnish on Twitter - / mohnishpabrai
-
Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Somewhere bit.ly/SupportShepherd
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
![[MPD직캠] 베이비몬스터 직캠 8K 'LIKE THAT' (BABYMONSTER FanCam) | @MCOUNTDOWN_2024.6.13](http://i.ytimg.com/vi/8qa-nm9bCLs/mqdefault.jpg)
![ทัศนศึกษาโรงงานผลิตโค้ก [THAI/ENG SUB]](http://i.ytimg.com/vi/M9y-TJBNem0/mqdefault.jpg)
Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
How do I find a financial counselor ?
Kristin Amy Rose 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
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Volume in exchange-traded products increased to $12.8 billion last week, a 55% increase from the previous week.
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.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, 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.
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
just buy gold
As an investment enthusiast, I occasionally wonder how top-tier investors become millionaires through investing. I have a big amount of money to begin with, but I have no idea what tactics or paths I should take to help me earn more than $400k like several others this season.
It is safer, in my opinion, to diversify your investments, especially if you are doing so with professional advice. You may decrease the impact of a market crash by distributing your assets over a range of asset classes, such as stocks, exchange-traded funds, and so forth. Seeking expert advice is essential.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $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'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, Amber Dawn Brummit 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 this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproductible approach from anyone who have build wealth. I have saved up $190k to get started.
First thing i would say is; don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.
@@gagnepaingilly I sincerely believe people often underestimate financial advisors' importance too. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
@@gagnepaingilly I sincerely believe people often underestimate financial advisors' importance too....Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
@gagnepaingilly I sincerely believe people often underestimate financial advisors' importance too. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfolio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay financially secure for over five years, yielding nearly $1M in returns on investments.
That's incredible! What did you invest in? I'm really interested in this, because I'm in a similar position at the moment. more info needed please
’Melissa Jean Taligdan’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
Watching Mohish speak is always an inspiration, I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
MICHELE KATHERINE SINGH 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.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
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
What do you think sets AMS120X apart from other projects? It seems to be dominating discussions lately
I am sure that AMS120X will go 100x just like you said
?
Scam
I actually shorted it and Im making huge gains!
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
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
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!
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
Can anyone explain AMS120X?
Yea it's a scamcoin that bots post in youtube comments about.
You’re telling that to a bot
Amazing. “ITS TIME TO BE RICH, DO THIS”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon.
Give this a try and attain weaIth. Get to her
Trader EIizabeth Green
@@svenoliver6040 How did you get 1M in 2 years? Please
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.
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.
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.
I haven’t even watched yet but I think this is early candidate for episode of the year.
Best intro by far. I love that narrative style
This is definitely one of your best podcasts yet. Thank you.
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
Very impactful session. Can’t remember the last time I completed a full interview on TH-cam. Thanks for the interview.
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
I just started listening and I caught myself thinking - this podcast is my favorite piece of content out there
mine too
Incredible episode one of your top 10 for sure!
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
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!
This was such an incredible interview, thank you so much!
Haydar Acun at Marmara Capital was who showed Mohnish Pabrai the companies in Turkiye. I hadn't known this nugget before this interview.
Consistency matters a lot when it comes to online investment.
As a new beginner you surely need a professional broker to guide you through.
If not Andrea Lund I would have lost my hard earned money to fake manager.
Digital currency has become the most popular and valuable currency in the world today.
How can I reach her ?
Trading live limited.
The insights from Mohnish are pure gold.
Such an amazing interview! I think I could watch it many more times and still keep pulling out nuggets.
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 🤔
🔥🔥🔥 quality of guests lately. Unreal
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 easily made my top 3 MFM ep! Mohnish appears to be such a humble gentlemen! I enjoyed all his stories.
This is brilliant from Mohnish. As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
I think this is a time where financial advisors may come in handy for everyone, not just newbies
IMO, financial advisors are the most sought-after professionals after doctors. My portfolio is well-matched for every market season and just yielded 85% from early last year to date. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.
@@mikegarvey17I appreciate the implementation of ideas and strategies that result to unmeasurable progress, mind sharing info of this person guiding you please?
My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the info, i found her website and sent a message hopefully she replies soon.
I flew to Toronto in April just to tell him thank you. He changed my life.
Okay bot
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.
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
Podcast introduction…. Beautifully done
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.
Superb video. Thanks Shaan for having Mohnish on podcast!!!
Thank you guys...
I owe Shaan a tuition bill
🔥🔥 comment lol
Bidding for lunch starts at $50,000
100000
Shaan What I loved about you is the ability to wait and listen, it's phenomenal how you just wait!
2 hours of pure gold!
Phenomenal mind, and great ability to explain things in a digestible way. One of my favorites on MFM
You guys nailed this one.The best podcast yet. A bucket of nuggets.
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.
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.
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.
Thank you both so much for taking the time to do this. Amazing conversation!
Mohnish calling Mark Zuckerberg a Patel was a serious compliment that shouldn't be looked over.
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 best podcasts I've watched on Finance.
This the only podcast I have seen fully….. 2hrs of my time inside a library…. Worth it
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
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 portfolio allocation.
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
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
One of the best podcasts i came across ❤
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
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.
you can really hear the influence from Charlie and Buffet in his takes. thanks for introducing me to Mohnish
Thank you for making this video. Very valuable information
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life🙏🙏🙏
People should remember: poverty is not an accident, a coincidence or an inevitability. It is something which is manufactured by the step or action we takes
you are right .
Most people don't invest due to ignorance.
People are scared of Investment because of high rate of scammers on the market
But of a truth they are scammers but real brokers are out there too waiting for investors.
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.
Her name is “VIVIAN CAROL GIOIA” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I'm happy with the advisor's professional and timely help. Their expertise gives one confidence. eager for further conversations.
AWESOME interview, excellent questions and great digging for details on Shaan's Part and great answers by Mohnish , Thank you Both!
Profoundly inspirational and deep video. Super on point.
@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
I thought Rakesh Jhunjhunwala is called India’s Warren Buffet
Thank you for this interview! This was great!
Love this episode. One of my favourites by far!
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.
Feel like I got a 2 million dollar lunch
Thank you very much for this highly qualitative interview!
I started listening to this podcast and once and again, i get distracted but something in this discussion keep bringing me back, what a brilliant heart to look into. lovely discussion and so insightful. 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.
F, I have to go to the gym again to listen to this.
That's what I do too. People ask "What music do you listen to?" haha no Music, just pods.
This is an ecxeptional interview. One that keeps on giving in every minute of it.
Big ups on the quality holyyyy got me falling off my seat off the intro
I need to start with turning minus $1548 to $1M , any masterclass on that?
Unfortunately… I am 53 years old but there is something call neuroplasticity. I can grow some new neurons investing oriented my friends.
Stopped listening to your podcast but just happened to see this. Great job. I’m back.
Thanks for tons of knowledge 🙏
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
Whichever option you choose, be careful to seek advice from a trustworthy investment advisor. I do business with one, and she has helped me get a better handle on the stock/ETF market throughout this upheaval.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable 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..
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
So many gems in this. Great podcast
Truly a masterclass! Goes to my watch again and again playlist.
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.
"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"
One of your best episodes
Thoroughly enjoyed every bit of the conversation. Thanks :)
This dude is a total BS. You just look at his investment records and there is nothing to show really except endless talk.
Android user.
Wow... One of my favorite episodes. So many notes... Definitely coming back to this one
Two hours of Mohnish Pabrai preaching is a gift.
This is the single best podcast in history for any business person looking for real knowledge