Timestamps for ease of reference, great lecture by Mr. Pabrai: 2:23 - Introduction / Start of value investing for Mohnish Pabrai 8:28 - Investments in Indian markets 15:22 - Looking back on Indian investments later 18:50 - Framework on holding vs. selling 20:26 - First type of 100-bagger (tailwinds businesses, high ROE, no debt, good management, but doesn't require it - MCO, AXP, KO, MA, V, See's Candies) 26:48 - Second type of 100-bagger (similar to first, but requires good management - AMZN, COST, Geico, Kotak Mahindra, BlueDart, Satyam, RBI, MCD, YUM, DPZ) 28:06 - Third type of 100-bagger (when the market gets confused between risk and uncertainty - IPSCO Steel - low risk, high uncertainty) 49:30 - Fourth type of 100-bagger (bankruptcies, reorganisations, LBOs, special situations) 55:00 - Fifth type of 100-bagger (upside without downside) 1:00:10 - Q/A begins 1:01:10 - What are the core competences of an investor, how does one investor differentiates him/herself from the rest? (Extreme patience) 1:05:40 - Mohnish's proportion of the 5 categories (Graham and Munger Supermarket metaphor) 1:10:30 - Shipping cyclicality - did the managers learn? 1:12:55 - How much Mohnish relies on public data sources? (All are open) 1:18:10 - How is the lifestyle of Mohnish? 1:31:20 - Opinion on differences between value and strategic investor
There's a young guy who makes videos about smoking cigarettes that has thousands more subscribers than Mohnish. The information here, that can make you very wealthy, is actually interesting to a very small percentage of people. I'm glad I'm one of them!
Thin crowd at the university to give a 90 minute talk. That's why the internet is so great, as I write this 21,000 views making it much more worth his time.
Honestly this is the best channel on investing. I have my own small channel and have found multi baggers before but I'm not full time and haven't got the sheer depth and breath of knowledge nor experience. Your sharing of this knowledge is extremely generous. I feel very lucky to be able to watch these videos
Thanks for the talk and thanks for sharing the video. Below are the 5 mental models/ strategies that Mohnish talked about: 1. Huge industry tailwinds with an idiot mgmt. 2. Huge industry tailwinds with smart mgmt to run it, an idiot will not do! 3. Markets get confused between risk and uncertainty 4. Bankruptcies, special situations 5. Upside without downside.
Hi Mohnish, greetings from New Delhi. Great Talk. Thanks for sharing. I always look forward to learning from you and compounding the knowledge. Cheers.
Thank You Mohnish.... Started listening from the oldest video and now i am on this one just completed. As usual golden nuggets all over if I pay attention.
Great session, I really love it and always learn a lot from your videos (and your books). Also following your pathway with my private investments (it's a zero-stress route as you say, this I can swear). Thanks a lot for uploading all these materials, Mr. Pabrai.
1. We are not looking for a superior information. What we are looking for is superior analytics on the commonly available information 2 Sam - The grave dancer 😂. Will look him up
One Up on Wall Street by Peter Lynch The Intelligent Investor by Benjamin Graham The Dhandho Investor by Mohnish Pabrai Common Stocks and Uncommon Profits by Phil Fisher Market Wizards by Jack Schwager New Market Wizards by Jack Schwager
thanks Mohnish for sharing your thoughts publicly - thoroughly enjoy your talks! you seem to have a good heart and your honesty and openness is evident and refreshing. and thanks Peking University for sharing this!
