It would be great if you would do a talk about ideas or investments that didn't work out for you. I believe that would also hold lot of insights for everybody to learn from.
30:00 Thanks Mohnish, I remember this conversation, you mentioned this university student edge to a Black girl in an online session you had a few months ago
A funds manager is a human and can make mistakes just like retail investors. But retail investors can choose a good fund manager by a few metrics (for example using "Rolling returns" metrics for choosing Mutual funds). Those retail investors who choose fund managers wisely are SMART investors. So, suppose your friend is starting a new hedge fund with 0 metrics to support his claim that he will manage your money wisely, and you being a retail investor gave your money to him by believing your friend's words... Then essentially you r the fool here because you chose your fund manager based on trust and not due diligence and research
I know Coke has become very powerful but I'm wondering how their brand has been impacted by supporting Israel. I know a lot of countries have boycotted Starbucks McDonald's and Coke. I imagine things won't look good in the long run If this trend continues
Investing in this economy is a hell at times for the average person that wants full control of their finances. Even investing in ETF stocks can be risky.
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the payroll is not in your favor.
what measure would you consider then to better stock investments? What you should be thinking about is where you’re gonna put the money you have in your bank.
One of my major problems with a decentralized system is that governments did not want it. Not that it's was not possible but it was just unlikely, I personally believe the government began to bring the hammer down on Bitcoin, because it attacks their ability to mismanage the currency, now it's a different story.
Bill Ackman said that Chipotle can't be cloned, don't remember the rational, but something about their relationships with farmers or supply chain, like the unbreakable moat.
@mohnishpabrai 53:10 Love all your interviews, Mr. Pabrai! Thank you for all that you do to share your philosophy. In the Q&A session here you mentioned that Chipotle had no clones yet. While that may be true in terms of size, I believe that Chipotle is actually a clone of a smaller chain Freebirds World Burrito. I’d be fascinated to know if you think Chipotle actually benefitted from being a highly motivated (and likely well heeled) second mover rather than a true innovator. Thank you!
The President. Don Keough. But he never smoke to Don about his investment and when done saw the a broker in the midwest was buying a TON of their stock, he called up his old neighbour and asked warren if it was him. Warren said yes, but to keep it hush because he wasn't done buying.
From last 2 days , multiple videos are getting uploaded and getting deleted as soon as I click on them ....please clarify when you will be uploading like before on regular basis ?
Are you kidding. Her English is horrid. Almost unintelligible, and this is in the states, where she has students listening to her. Not China. The school should've picked a more fluent moderator. Must be a DEI thing.
Are you kidding. Her English is horrid. Almost unintelligible, and this is in the states, where she has students listening to her. Not China. The school should've picked a more fluent moderator. Must be a DEI thing.
He's not here to gain popularity or fame, if you read enough about him you should know. His messages are always the same b/c he's not a content creator and he's here to share his wisdom on life and investments. Investing philosophy is concise, simple, and consistent; it's been like that from Warren and Charlie to people like Mohnish
The greatest investors align all incentives. If he is a great steward of capital, becoming more famous than TikTok finfluencers, with his audited track record and common sense, is a public service. He will attract long-term minded investors who know they can trust him and agree with his ideas from watching all his videos saying a stable, consistent message over 20 years. Do you want your college fund managed by someone who is pumping a different cryptocurrency every week? You may argue that Mohnish tries to monetize his friendship with Charlie Munger and Warren Buffett, when in fact Charlie and Warren brag on Mohnish publicly and say, more investment managers should adopt his fair fee structure. You can say that he shamelessly advertises his non-profit Dakshana just to show what a great guy he is. At the same time it is the most capital-efficient way in the world to help smart, energetic students out of poverty, and puts all American charities to shame.
He is a truly genuine, calm and humble guy. Lots to learn from such beings. Very articulate and at peace with himself.
thanks for uploading this. wonderful interview
It would be great if you would do a talk about ideas or investments that didn't work out for you. I believe that would also hold lot of insights for everybody to learn from.
30:00 Thanks Mohnish, I remember this conversation, you mentioned this university student edge to a Black girl in an online session you had a few months ago
Love his book dhando investor. He’s so clear and smart
The book actually sucked
THANK YOU MOHNISH PABRAI.
The first 25-30 minute intro is very deep. Not sure many can appreciate it. Mohnish is incredibly generous as usual. Thank you.
You should explain your horsehead holding where there was the same thesis re zinc.
A great video this time. There were a few slightly new things.
Right question was asked by the team... atlast an hungry team to learn.
Perfect
I didn't understand the fools part. What did he really mean by that?
A funds manager is a human and can make mistakes just like retail investors. But retail investors can choose a good fund manager by a few metrics (for example using "Rolling returns" metrics for choosing Mutual funds). Those retail investors who choose fund managers wisely are SMART investors.
So, suppose your friend is starting a new hedge fund with 0 metrics to support his claim that he will manage your money wisely, and you being a retail investor gave your money to him by believing your friend's words... Then essentially you r the fool here because you chose your fund manager based on trust and not due diligence and research
Where can i find Charlie's movie.
I think his talking about the one that was shown on Bershire Hathaway annual meeting.
Verallia SA stock and Thungela resources limited
I know Coke has become very powerful but I'm wondering how their brand has been impacted by supporting Israel. I know a lot of countries have boycotted Starbucks McDonald's and Coke. I imagine things won't look good in the long run If this trend continues
I wish I could have lunch with Mr. Mohnish Pabrai!
What is the fab 4
The US tech giants, google, meta, apple, see also: FAANG
🙏🤝❤
Mohnish usually has very severe diarrhea. Sometimes he sprays his diarrhea as a defense mechanism.
I see why the Chinese woman is there
Investing in this economy is a hell at times for the average person that wants full control of their finances. Even investing in ETF stocks can be risky.
I gotta admit. I took a hit in the profit department with my stock moves. But every red chart has a chance of turning green.
The question to be asked at times is not if the government or the economy is responsible for the sudden dramatic shifts in the economy but if we are taking the necessary measures to avoid making losses no matter the situation even if the payroll is not in your favor.
what measure would you consider then to better stock investments? What you should be thinking about is where you’re gonna put the money you have in your bank.
At times not just creating smart investments but buying assets can improve your profit margins in the long run.
One of my major problems with a decentralized system is that governments did not want it. Not that it's was not possible but it was just unlikely, I personally believe the government began to bring the hammer down on Bitcoin, because it attacks their ability to mismanage the currency, now it's a different story.
Thank you for sharing Mohnish 🥳
Wow..the honesty..the clarity of thought.
Learnt a lot guruji🙏
Bill Ackman said that Chipotle can't be cloned, don't remember the rational, but something about their relationships with farmers or supply chain, like the unbreakable moat.
bill ackman is not as smart
@mohnishpabrai 53:10 Love all your interviews, Mr. Pabrai! Thank you for all that you do to share your philosophy. In the Q&A session here you mentioned that Chipotle had no clones yet. While that may be true in terms of size, I believe that Chipotle is actually a clone of a smaller chain Freebirds World Burrito.
I’d be fascinated to know if you think Chipotle actually benefitted from being a highly motivated (and likely well heeled) second mover rather than a true innovator.
Thank you!
They couldnt choose a moderator with worse english, could they?
Her English is perfectly fine. She just has a bit of a Chinese accent. God, how racist can you be?
"I have want to ask you how many of you are value investors?"...the interviewer is absolutely clueless...
Great job Monish! I appreciated the information you shared. Definitely love Chipotle!
Good talk, thanks - not the same things repeated.
I want the same things repeated
I want to talk to the chinese host. Can someone provide her name and number please. I am officially obsessed with her
Hi Monish: Interesting talk, you might want to look at Karl Marx's distinction between use value and exchange value.
Thank you Mohnish for keeping the flame going in the spirit of Graham, Munger and Buffett.
What is hanging around his neck? Is that a camera or something?
Long live cloning!
baba crushed this dude
This guy is amazing
28:07 Wait a minute, wasn't the CEO of Coca Cola at the time Warren Buffett's neighbor or something?
The President. Don Keough. But he never smoke to Don about his investment and when done saw the a broker in the midwest was buying a TON of their stock, he called up his old neighbour and asked warren if it was him. Warren said yes, but to keep it hush because he wasn't done buying.
Does anyone have a link to the Ken Langone interview he talks about?
Its on “invest like the best” with patrick oshaunessy
@@harrisonhonor Thanks, will look it up. Appreciate the tip.
From last 2 days , multiple videos are getting uploaded and getting deleted as soon as I click on them ....please clarify when you will be uploading like before on regular basis ?
There was one video of him that got deleted talking to school students !!!
The chinese moderator speaks perfect english. So perfect.
I am stunned by the perfection of the moderator’s english.
Are you kidding. Her English is horrid. Almost unintelligible, and this is in the states, where she has students listening to her. Not China. The school should've picked a more fluent moderator. Must be a DEI thing.
Are you kidding. Her English is horrid. Almost unintelligible, and this is in the states, where she has students listening to her. Not China. The school should've picked a more fluent moderator. Must be a DEI thing.
Mohnish is a UA-cam personality. Not a real investor. The ulterior motive is publicity.
Oh please show your multi hundred million dollar portfolio as well pls
Just watch his videos. No real content. Same information over and over
He's not here to gain popularity or fame, if you read enough about him you should know. His messages are always the same b/c he's not a content creator and he's here to share his wisdom on life and investments. Investing philosophy is concise, simple, and consistent; it's been like that from Warren and Charlie to people like Mohnish
The greatest investors align all incentives. If he is a great steward of capital, becoming more famous than TikTok finfluencers, with his audited track record and common sense, is a public service.
He will attract long-term minded investors who know they can trust him and agree with his ideas from watching all his videos saying a stable, consistent message over 20 years. Do you want your college fund managed by someone who is pumping a different cryptocurrency every week?
You may argue that Mohnish tries to monetize his friendship with Charlie Munger and Warren Buffett, when in fact Charlie and Warren brag on Mohnish publicly and say, more investment managers should adopt his fair fee structure.
You can say that he shamelessly advertises his non-profit Dakshana just to show what a great guy he is. At the same time it is the most capital-efficient way in the world to help smart, energetic students out of poverty, and puts all American charities to shame.
He’s giving you a huge gift on this video, but you know better, so enjoy your hubris.