Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- Mohnish Pabrai's Interview at the mint-Equitymaster Investor Hour on April 11, 2023.
00:00:00 Introduction
00:00:58 My childhood
00:12:49 My journey towards investing
00:24:01 Starting Pabrai Funds during the dot-com bubble
00:26:54 IPSCO
00:30:31 2009 financial crisis
00:32:43 The Fiat Chrysler Investment in 2012
00:35:05 Meeting Michael Burry in 2008
00:38:45 COVID-19 pandemic
00:44:30 Satyam Computers & Blue Dart
00:53:06 Rakesh Jhunjhunwala
00:54:32 Anomaly-based investing
00:56:18 Reysas
01:00:30 Varun Beverages and Coca-Cola Icecek
01:05:06 When to sell a stock?
01:08:33 Equities vs other asset classes
01:13:19 PeopleSoft
01:17:58 Teaching kids about money
01:24:03 Reading advice
01:28:30 Dakshana Foundation
01:35:14 Compounding is the 8th wonder of the world
The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, 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 outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
It would be a very innovative suggestion to look out for Financial Advisors like Monica Payne Tutorials who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm.
God loves me so much that I found Mohnish🙏
😂 Same!
I try to listen to all talks here. This is probably the best one!! (since now I guess I got the essence of modern day value investing)
Great great questions as well!
Thank you Rahul
Many many thanks Mohnish!
Especially for sharing wisdom and life long learning!
I usually only comment just once or twice in a year..
Thank you Mohnish 🙏🏼
Rahul has asked such good questions that made this interview one of my favorites. Thanks, Monish for sharing so much of your experience.
From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?
I have learned from past experience that basing market judgements and decisions solely on rumors and hearsay can lead to detrimental results. In 2020, I fell victim to such a situation and was left holding worthless positions in the market. To overcome this, I sought the assistance of a professional advisor and made significant changes to my portfolio. Over the past two years, I have worked with this advisor and have seen a growth of 350k in my portfolio, demonstrating that profitable opportunities can be found in both bullish and bearish market conditions, it is a matter of strategic investment approach.
@@lowcostfresh2266 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help ?
@@TomD226 My advisor Laurel Dell Sroufe is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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.
@@lowcostfresh2266 thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!
Thankyou sir feel great the first one to listen your word thank you sir for all your work you are doing for us and sharing knowledge
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months
I'll suggest you find a mentor or someone with experience to guide you especially in this recession
You make a really good point; when I first started investing on my own, the market was seriously taking advantage of me. I hired a broker despite my initial skepticism, and I outperformed the market by more than 9%. I initially believed it was an anomaly, but after it occurred twice in a row, I decided to remain with investing through an analyst.
I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
My Financial Advisor is MONICA PAYNE TUTORIALS. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
This is one of the best set of questions of all Pabrai's lectures
Amazing narrative of an outperformer! 💝 The more I listen to M Pabrai, the more I plead to hear! Such a great teacher!
Fantastic interview. What a hugely talented, driven, successful yet humble and generous guy Mohnish is.
Thank you for making the chapters in the video
It's always pleasure hearing Mohnish and thanks for uploading it to youtube
Dear Mohnish, I recently read a philosophical book called “Capitalism and the death drive”… where I discovered the public company Acxiom, now known as LiveRamp… Thank you for all the lessons you’ve made public.
Sincerely,
Dan Charrois
love this interview! Great job Mohnish
thanks for the lessons
Thank you
Thank you.
Thanks sir,
Thanks jio, for making us reach such an amazing people like you, sir.......
one of the best podcast I can say, thank you both of you
My wife said she will leave me if I pay to have lunch with Monish Pabrai. I'll miss her 😢
Rahul nailed this interview. Great listener and great Q and A .
I started my account in Jan of 2013, and id I only did what Mohnish preaches then I would have been a rich person. I started with 32K. Watch him almost yearly, but fail to follow. I am 40 now and I hope it’s not too late to start emulating him and his approach….anyone here who relates to me?
Thanks Mohnish for all the knowledge.
Thanks mohnish , sharing your experiences I’ve found valuable as a investor 👍
The interviewer asked just the perfect questions
Thank you very much Mohnish. You said God love You to bless you with all the investments opportunities You had, and God really love Us also to have us live with You in the same Era. We are very fortunate, and God love Us.
Always amazing
Great
Great stuff. Would love to hear Mohnish talking about his errors in stock picking and its learnings.
Do you release these on podcast at the same time?
whats the name of this intro song? it puts me in a dhandho investor state all the time😌
hahaha loved the burry part, "ok, that was weird" 🤣
Good
❤❤❤
“What we are looking for in investing is things that when you look at them, you say ‘we are astonished!’”
i like the intro music
Imaging your dad learned about value investing and getting all in on it.
I’d like to meet you just to get a photo. I’ve listened to so many of your TH-cam videos
Where can we meet and greet Mohnish next week in Omaha?? Want to give him a hug!
Investors need to read widely.
When reading, look for something that interests you or leave it for something else.
Pabrai fans, suppose we did find 1 or 2 companies that astonished us and we do wish to hold them forever. Why not allocate our capital to those two ideas alone? Because black swan events can happen. Because business are run by people and they too can make mistakes. Because it is easy to start doubting our thesis if Mr (efficient?) Market disagrees with us for too long. What would be your maximum portfolio allocation in a single stock?
If it's running I'm ok with two thirds in one stock but I think 5 stocks is generally better
Michael burry was hoping to get lucky second time by selling everything. 😮
Wondering if he got the idea for funeral homes out of Peter Lynch's book 😂
I am struggling to find which part of this interview has to do with Michael Burry 🤣
I think Bill ackman gets too much credit for his covid call 😂 I saw that coming and I don't have research department
Pls share ur daughter psychology channel
Parbai dad is even more interesting! He sounds like he was in the wrong country. The only way you could have a successful business in 1970s india was to have license access. If he didn’t have it, it’s not his fault he failed.
Jeez that host needs a better mic - sucks that an organization can’t even seem to care about the most basic requirements of a pod
He has a Charlie Munger bust in the background... I'm gonna have Monish Pabrai bust in my office when my Investments explode...
Mohnish usually farts uncontrollably. It is a chronic condition. Also, he sprays diarrhea.
Thats why he prefers to do interviews via zoom.
Wtf. Are you alright mate?
True story captain bladder
PLSX - launching soon. Copy of Uniswap. Buy n burn built in. Fantastic business. I brought you to the water. I can't make you drink. ❤️🤍💙 ✌️😯✨️
Thank you