Student pitches 1. byd-ca (Toronto) 2. angi 3. copart 4. OLLI 5. danimer scientific and comp rwdc 6. vrm - vroom 7. pd - pager duty several of those were recent IPOs within 3-4yrs barely profitable, the others way overpriced in my opinion But you do your own research.
I have learned one very important rule when it comes to finding an undiscovered treasure: Before you tell everyone where it is, make sure you loot the sucker first. This is why Buffett NEVER talks about his investment ideas.
I loved hearing the students picks and the fact Monish asked for them, I find a lot of these videos to be very repetitive, most of the questions and answers and stories are repeated but having the students bring up new ideas was a nice twist.
HI Mohnish, One of your past holding in India. Kaveri Seeds Company is an example of UBER Cannibal.? .Can you Please share your rationale in it, you promised you would share it when you no longer hold it. Thank you...!!
Can listen to this guy all day long!. Great entrepreneur, thinker, story letter, investor and philanthropist. Overall a great guy. Makes the most of opportunities in the kindest and gentlest of ways.
Thanks Mohnish . There is a lot of knowledge in this talk . This format is much more interesting . Please stick to this format in your interaction with other B Schools as well
Thank you so much for the glimpse into anylizing those pitches! Its like sitting behind the homeplate watching you contemplate hitting or not ;) I dont even like baseball! 😂🙏🏼
The thing that impresses me about Mohnish is that he really dives into understanding the businesses very deeply. He is able to describe and explain the businesses. He doesn't just find a stock and invest
Well Mr.Pabrai, I have been trailing you for long long time & the thing I liked most about you is the way you explain things so clearly & in detail which is really Appreciable. That's one of the biggest Charity you doing to Business Community. Even I want to recycle my wealth ( yet to be created) back to society the way you are doing with Heads & hearts. Hats Off Mr.Pabrai. Thanks Mr.Duggal to you too :-)
Obviously many of the pitches didn't turn out very well. I guess it was a good thing it was a school project and not actually backed by their own money. In fact, the students who picked the worst performers probably learned the most. Anyway, it was an interesting video, so thanks for sharing!
Dear Mohnish, when you read Nick Sleep‘s Nomad letters, did it dawn on you that you described the exact same phenomenon years earlier in the Dhando investor when telling your story of the Patels (lowering the production costs and sharing the cost advantages or rather handing them over to the customers and, by way of doing so, pricing the competitors out of the market)?
I am still not able to process it, they have pitched loss making, recently listed companies only olli and copart was good. I mean I still don't get it why they are even looking into businesses with no track record and yet to earn any profits. And they arent great businesses, all of them are gruesome businesses. Value investing is not private equity.
As soon as you started talking about the lunch in Omaha with Warren, then in LA with Charlie, and the Debbie stories, you're almost jumping out of your chair. The passion for these guys really shines through. I remember tears coming down my face on Saturday after the meeting thinking about how much I miss being in Omaha. A part of how we feel about these people is passion, respect, admiration, but a big big part of it is real love. Even for those of us like me, who've never had a chance to meet them one on one.
Always waiting for the next talk/ lecture by Mohnish. As usual a great learning . He is helping the investors to become a better investor. Thanks a lot.
I see Mohnish talks one after another right after he publishes each of them and there's not a single one you get bored, there's not a single one where he repeats himself or you do not learn something new and on top of that they only get better and better. Mohnish has really cloned even Buffets ability to give more than what you are paying for. Infinite thanks Mohnish!
If anyone is interested in 2-years performance of the stocks the students pitched to Mohnish, here they are (from 03/18/2021 to 09/26/2023 and adjusted to dividends): 19:10 - Boyd Group Services IncTSE (BYD), Return = +4,99% (from 230.49CAD to 242.00CAD per share) 20:45 Angi Inc. (ANGI), Loss= -88.61% (from 16.51$ to 1.88$) 22:25 Copart, INC. (CPRT), Return = +56.81% (from 27.25$ to 42.73$) 26:00 VIVA (1873.HK), Loss= --82.65% (from 7.26HKD to 1.26HKD) 26:50 Ollie's Bargain Outlet Holdings Inc (OLLI), Loss= -12.34% (from 86.01$ to 75.40$) 31:20 Danimer Scientific, INC, Loss = - 96.24% (from 47.84$ to 1.,80$) 32:50 Vroom Inc (VRM), Loss = -97.02% from (35.96$ to 1.07$) 35:35 Pagerduty Inc (PD), Loss = -41.9% from (37.56$ to 21.82$) And... this is not a joke. It's real values
I’m in my mid 40’s never graduated high school. Built a 13,000,000 real estate portfolio by purchasing distressed properties/ bank foreclosures. Just bought my first stocks - 1000 shares of “BABA fits in with my mindset of buying deeply discounted assets. I’m working with approximately $800,000 cash, looking for my next stock to buy. Mohnish is super cool, and appreciate his relaxed vibe. 👍
Love your wisdom Monish. But dont think giving your kids any headstart in a running race is good. Let them compete fairly with everyone else or else they cannot claim they won the race... Nor would anyone respect them. Starting ahead because of your parents is cheating, period.
yeah she obviously did not know what she was talking about. pd fails at the it-guy level, i will never advocate pagerduty because i dont want to work outside of the regular schedule, conflict of interest
