Mohnish Pabrai’s Q&A session with students at William & Mary College
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- Опубліковано 2 сер 2024
- William & Mary College | October 26, 2021.
00:00:00 Introduction
00:02:10 Learnings from Charlie Munger
00:02:40 Avoiding Self-pity
00:07:00 Investing 101
00:08:25 Buffett’s investing punch card
00:14:58 Circle of competence
00:15:54 Recruiting
00:18:20 Learning from mistakes
00:21:31 Startup Tips
00:23:45 Leverage
00:25:35 Adventures with Tech Cominco
00:35:51 DCF Models
00:39:39 Investment 102
00:42:10 Stonetrust Insurance
00:47:00 Dakshana Foundation
00:49:52 Philanthropy, high risk and return
The contents of this video 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.
Big Takeaway: One condition for managing other people's money is that you should be financially independent. What's the point, you might ask? You're doing it because you love the game, not because you're chasing the prize. It's a very different psychology.
Very good point Brad 👍
Hahhah...it's same like romantic love...if you just love a girl because you simply love and enjoy it she follows you but if you love because you want something from her she runs away.
And like Mohnish and Buffett, you aren’t afraid to share the process
@@sheanathan3566 👍
And at that stage, you can have the freedom to hand pick your investors
Thank you very much Mr. Pabrai, for so generously sharing these conferences (a great material for every student of investing).
Mohnish sir....you are my rockstar!!
Excellent intellect here. I could sit under your learning tree and listen to you speak all day long. I also admire your integrity and humbleness...reminds me a lot of our teachers: Mr. Munger and Mr. Buffett. You have my admiration.
Selling $BABA was a big mistake IMO! It’s one of the best Investments to have. He might have done it for tax purposes and then will re-buy. (Idk) But, Alibaba is solid. Don’t let his selling change your perspective. Mohnish makes mistakes too. In the future we will be watching a video of him talking about his regret selling if he doesn’t buy back.
Solid on what basis? Alibaba isn’t the monopoly in the Chinese network shipping logistics. In 2017, they self proclaimed they were slowing down rapidly. The turmoil that’s going to hit China with all the aggressive military action they’re taking makes a Chinese investment bad. Better to buy when price drops
I think he sold for tencent + tax reasons
Shocked to see another video so soon! Thanks Mohnish!
This channel is the best of UA-cam. You should put a link to donate to your charity on your videos.
stoic behavior, to the power of stoic behavior, so simple but deep
Thank you so much, Mohnish! Fascinating story for the university endowment investment in Iowa! A tiny correction for the average $ for each student -- $1billion/1000 students= 1 million each, not 10 million.
3rd video in a week. What a diwali! 🪔🪔
Where did you watch the first two ?
@@domino6567 same channel
@@VikrantArora Ok thanks, I didn't notice and will look for them.
@@domino6567 👍
Thanks mohnish. Been following your stuff for years
Thanks for sharing such a good leassons!
Thank you for the video!
Love Mohnish’s thinking, sharing, advice etc.,. Just one thing I think he is inconsistent on what companies in his portfolio he discusses. While he generally doesn’t like to talk about existing holdings, he has spoken at length about the Turkish warehouse company in almost all videos, spoken about Rain industries, GM etc but doesn’t like to discuss Alibaba. Anyway that was just an observation. Huge respect for Mohnish. I always watch his video as soon as they appear in my feed- 1st day 1st show 😀
Thank you so much for everything.
So much good information.
Happy Diwali sir!
Great insights. Thanks for sharing
Sir,
Thank you for sharing the secret sauce of great companies...
What you do with your cash, it separates you from peers....👌👌👌
Thanh You!
Mohnish can you please comment on BABA?
Thank you
Why sold BABA? ,,do not sell at a loss within 2-3 years unless you can say with a high degree of certainty that the current intrinsic value is less than the current price’’
Maybe he hasn't sold, and instead he has swapped for hong kong shares..
Keep them coming !!!
Great lecture. For those wanting to learn more A Teenager’s Guide on how to Invest Like Warren Buffet and Charlie Munger is a good resource.
You are great Mr. MOHNISH PABRAI SIR
another video?? is this a dream!
Maybe only a side remark, but Pabrai is definitely cloning my haircut!
Avoiding talking about BABA was a cop out! Everyone makes mistakes but we must own them in order to grow and keep learning
How can someone dislike Pabrai? Can't understand, honestly
Happy Diwali Sir
Thanks for the video!
Can you please give a comment on selling more than 70% of your position in BABA?
Love you ❤️
He sold 78% of his Alibaba shares!!
This is really crazy, I am truly shocked!!
Yes I have also seen, if I can ask, what do you think about that?
It’s a big mistake
yeah xmas is here
Thanks Mohnish! Some more nuggets!
its the 3rd in just a week.......2 completed watching and here I go...
thanks Mohnish
Always excited to see your new video
Anyone want to write Poor Mohnish's Almanac?
Wow love the back to back posts
Hey Mohnish, did you really sell baba or did you swap to 9988?
I have also seen, if I can ask, what do you think about that?
@@omarpetrillo9389 no idea cause it could be a few things. However, at BABA’s current price I think the upside to it’s intrinsic value is significant. So if he really did sell 😅 he must’ve either had a big change in his valuation of Alibaba (in which case I’m curious to know) or he just managed to find something much better, but then why sell BABA instead of the other stocks he is holding 😅
Mohnish pls publish something from an Indian college or university
Sir aap Unilever ka share kyu nahi karhidta in America because its price and fundamentals are also good
In amarica share market its price os good
I think Indian government should think about to giving him Padam Shri because of his novel cause n Philanthropy
At 32.45 , ken Iverson Plain Talk: Lessons from a Business Maverick
Please, what was the name of the biography? (Around minute 32)
What’s the title of the autobiography of a CEO and founder mentioned at 32:45 ?
Plain Talk: Lessons from a Business Maverick.
I came here after reading the psychology of money book,
19:00
Hi I am an 18 year old high school student who suddently fell in love with educational finance. Is there a way for me to speak to Mr.Pabrai directly or to people who have a lot of knowledge about the stock market? I am not interested in meeting other beginners since almost everyone act irrationally and try to sell their self made formula that they haven't even tried themself or for long with good results. Is there somewhere I can talk to patient investors who are a bit more experienced who would like discuss and share their journey?
Read books i guess
34:00 what do you think about PriceSmart stock $PSMT?? Looks like a good deal, if it is the same as costco...
$PSMT is worth ~$2 billion and make net income of ~$97 million in past year. $2 billion/$97 million is ratio of ~20. Costco is worth ~$222 billion and made net income of ~$5 billion last year. $222 billion/$5 billion is ratio of ~44. $PSMT has alot more room to grow
So is $PSMT A BUY??
Monish - we can hear you very clearly but the question from other side is not much audible
Mohnish, call me ASAP. You SOLD Alibaba, instead of BUY!
Nice with bulk release
30:55 1 million*
Sol Price Retail Revolutionary & Social Innovator book
munger ke Murti ke aagey agarbatti toh jala
Christmas has come early
😂😂👍👍
Wooah. Hat trick in a week ❤️
dear sir, do you in invest in BTC?
* Через несколько лет люди определенно будут сожалеть о том, что упустили возможность покупать и инвестировать в криптовалюты *
Потому что настоящая криптовалюта выгодна
Это вас не беспокоит, если вы переключитесь на профессионала вроде мистера Ивана Брюса.
Да! моя первая инвестиция в 5000 долларов с г-ном Иваном Брюсом принесла прибыль в размере более 25 530 долларов с тех пор, он поставляет
Это явно лучший вариант. Я вложил в него 2000 долларов и получил прибыль в размере 9101 доллар за 14 дней.
Их истории повсюду 😱
Mohnish yourself entering into the insurance business was so close to clonning buffet, both buffet and you are great investors...only thing is it didn't worked out with you as you couldn't find someone like Ajit jain as warren buffet. did. You can still take second bet if you find ajit join clone and repeat the story at a much larger scale than Berkshire.