Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 30, 2017
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- Опубліковано 5 сер 2024
- Distinguished Speaker Series
Applied Fundamental Analysis & Worldly Value investing
Professor Arvind Navaratnam
00:00:00 Introduction
00:03:23 Compounding is the 8th wonder of world
00:17:20 Wilson’s Coin Operated Company
00:26:27 Warren’s obsession about compounding
00:29:11 Rule of 72
00:38:10 Mr. Money Mustache
00:40:50 Rate of compounding
00:46:11 Compound 26%
00:55:10 Mindless Cloning
01:04:09 Comparative advantage of a Hedge fund
01:12:05 Portfolio Management
01:19:35 Kelly formula
01:22:00 Thou shall not forecast recession
01:30:25 Best source of ideas
01:35:00 Market trends and Passive investing
01:42:35 Doing the best job as a manager
01:50:56 Insurance business
01:52:37 Entrepreneur’s Advantage
01:56:40 Investing in Commodity Businesses
02:02:40 Technology and Investment
02:04:25 Insights on Charlie Munger
02:11:08 Difference in profit and non-profit world; Dakshana Foundation
02:15:45 Advantage of being Part-time Investor
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.
I just want to say a million thanks to Mohnish . He's giving away expensive IP for a few cents of Adsense revenue. Cheers from Bangalore!
What a great teacher, thank you for being generous with your time.
Thank you for posting, I am just trying to absorb everything I can from wise people.
Loved the Wilson Coin Company story. I've followed Buffett for decades and never heard that story. Thanks for posting these lectures.
same here i knew about the business just not the execution its amazing how he figured that at 11
very clever
i love this great value investor Mohnish is a amazing teacher and improve me a lot
Thank u Mohnish Sir.. Was a treat to listen and gain valuable insights from you
The one talk every one should listen to once every year from age 11 till rest of their lives.
I am listening to this second time (after a couple yrs) and getting compounding reinforced feels so refreshing.
Thank you Mohnish 🙂
Thank you very much for sharing your knowledge and being so candid with your experiences.
You really learn the business after you own it!
Thank you so much for posting these lectures Mohnish. I can watch them over and over.
Thank you so much Mohnish sir for sharing so many great thoughts about value investment. Everytime I get to learn something new when I watch your lectures. Once again thank you so much.
Was eagerly waiting and it's finally here . Very clearly drove the point on compounding
Always good to hear Pabrai's thoughts on investing. Value hustle tries to follow a similar approach - see twitter and instagram plus the website...
Thank you so much Mohnish for posting this. Very helpful for any value Investor!
Great insight to investing, Down to earth approach and more over great human being.
This is just so valuable to me, I am reading Dhandho Investor and it's excellent
Thank you , hope you repeat every year
Thank you so Mohnish for giving very valuable knowledge. . .
Another great Xmas gift from Uncle Mohnish!
super extraordinary fantastic explain
Can you do a video/blog on company debt? Some businesses you buy have a lot more debt than Buffett would normally take on. Would be great hear your view on the subject.
Trying to sear in my memories but very hard to make it seared into my kids memories.. Trying my best...
Thank you so much great lecture, where can I find and read your letters to fund holders? very interesting and new to value investing, Thanks again Mohnish!!
Hi, know I'm late to the party here (ha ha) but a small comment if you don't mind. Great presentation and info overall, Mohnish; however, I did take real exception with your umbrage over your daughter's "slave labor" wages for her internship. Believe it or not, in times past, people like me and others I knew actually worked their way through university (because their parents didn't or couldn't pay for it) by working 20 hours a week doing whatever work was available (cleaning apartments, secretarial, etc), scrimping on EVERYTHING, and getting a tuition scholarship in order to graduate WITHOUT student debt. And, yes, I graduated into a bad several years long depression as well. Shocking, I know! :) But you know what, an irreplaceable life lesson on money, budgeting, self sufficiency, job choices, etc that bears fruit throughout a career and a lifetime. Why has it become the expectation that internships or starting salaries or what have you should be at some high number so that parents won't feel bad about their adult children suffering an eensy teensy bit (after they've paid their way through school as well!)? Honestly, this entitlement is one of my pet peeves and it's not doing the world any favours! Thanks for listening :)
Improving 1000s of indian students economic background
Value investing is only one else way of investing.. My recommendation the best style which works for any one is price based investing which tracks and encapsulate everything and only that that is real.
Priced based investing has worked wonders for me.. I have had more than 20 stocks that turned into 7 to 10 baggers in the last 2 years..
@@rishithrao7530 that's great, pls name few so that I can study and invest
@@knsivam pretty simple..... You need to track the stock prices.... Buy stocks which are making new highs on a correction and sell stock which are making new lows on a move upwards in price... For more info call me 9448001893 as I can't write in detail and explain
Hi! thanks so much for the video. excellent talk again Mohnish
Does anyone know what company Munger initially invested in? 'Tenico' or something?? Mentioned at 2hrs06 mins
Just wanted to clarify a minor point. Mohnish confuses Don Danly with John Houbolt when he talks about Don's background in his Wilson story. Don Danly worked for Monsanto while Mr. Houbolt was the NASA employee who helped put a man on the moon.
Hi Mohnish and friends. During the speech he mentioned the blog posts of Joe the investor (if I and recalling that correctly. I cannot find such a blog. If someone could provide me with the URL, I will be very grateful. Thanks.
joe investor is like joe public. It means common man
I like the point he makes om that its an advantage to be a part time investor rather than full time. The reason is behavioral. Studies show that in general more activity leads to less returns. I think its powerful to not be too involved into the market and only act when a really great bargains become available. My moma called me and warned me about investing in stocks in 2009. Then I knew it was a good time to increase My effort and look for stocks to buy. Before that I had ignored the markets. Conclusion: your mama might be the best contrarian indicator.
I think the overall net effect of being a part time investor is a major disadvantage. You can't beat the market by being part-time (neither monitoring your current investments with as much scrutiny as you should as well as your watchlists)
This rain industries is really a powerful company. I used word powerful because it really makes you feel awesome when you are owning it in your portfolio at very low levels. And yes, when you dive deep into its business, you really fall in love with it. Not because it has given good return but it makes me think that I'd rather prefer to get less profit than to sell it at this level. I went through the transcript of a con call of last three quarters several times and it gives me a feeling that management isn't aggressive but active.
Read annual report and quarterly results and thought the price is good to buy now, bought some , can you pls tell me how much earnings will increase in next quarter if their new productions capacity increases? Thanks
What is Fund three (If that is what he said)? He mentioned if I could I will put all my family assets in "Fund three"
Pjtopj J - Mohnish has multiple funds - dhando and pabrai holdings. (Sear the EDGAR website) I would guess he is referring to his own "fund 3"
It's by Vivekananda
at the end you gave it out man: Rain Industries. Was it intentional or a slip of tongue, one wonders
Maharaja Mohnish is back, if you will..
🙌🙌🙌
Also: COMLB26 = COMpounding Like Buffett 26%
It's a Vivekananda quote...not Einstein
i will be back
Anyone interested in the Nigerian market?
2 hrs and 20 mins is a really long class.
Not at all!
love this guy!!!! however having munger's statue may be ott. all he needs now is lord ganesh next to munger's status....lol
This guy is a joke. Not one original idea. He steals other people’s trades and then charges his investors a fee for that privilege. When people disareee with him online, he blocks them. This his MO. All his channels sound like he’s a wise man or something.
LOOOL STFU
He is rich