Mohnish Pabrai Lecture at Univ. of California, Irvine (UCI), June 7, 2017
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- Опубліковано 11 лип 2024
- Few Bets. Big Bets. Infrequent Bets.
In his talk at the University of California at Irvine’s Paul Merage School of Business, Mohnish discusses five decisions by Warren Buffett and Charlie Munger over a 20-year period (1968 - 1988) that moved the needle for Berkshire. Mohnish also talks about some of the intense difficulties that Warren Buffett and Charlie Munger faced along the way. No pain, no gain!
Here is the edited version:
00:00:00 Introduction
00:03:00 S & H Green Stamps
00:05:20 Blue Chip Stamps
00:13:00 Diversified Retailing
00:14:50 See’s Candy
00:16:00 Buffalo News
00:19:35 Wesco Financial and Freddie Mac
00:24:45 Wheeler Munger Partnership
00:31:20 Tenneco Stock
00:36:14 Difference in Pabrai Funds and Dhandho
00:38:38 Patience is like law of physics in investment
00:42:56 Few Bets, Big Bets, Infrequent Bets.
00:58:00 Compounding is the 8th wonder of the world
00:59:26 Investing is for those who love to watch paint dry
01:03:54 Time spent on analysing a company’s product and services.
01:09:20 Philanthropic efforts; Dakshana Foundation
01:15:04 Principles of value investing on diversified businesses
01:20:27 Portfolio Diversification
01:24:50 Work life balance
01:28:50 Mental Models
01:34:00 Investment in Chinese market and Circle of competence
01:36:34 High uncertainty and high risk
01:46:11 Extreme patience with extreme decisiveness
01:48:15 How to network to get investment ideas
01:53:18 Leverage
02:03:41 Auto insurance
02:16:23 South Korea market
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.
Dear Monish please keep on uploading your videos as for people like me it is pure wisdom. Learning from your lectures and trying to adopt those principles. With lot of love and best wishes.
Dr Bilal Jeddah
As Albert Einstein said, if you can’t explain it simply you don’t understand it enough.
Mohnish is one of the incredibly rare humans whom understands a vast array of information so completely that he is able to discuss it in a simple and succinct way so as learners can be imbued with fractions of his wealth of wisdom. That is just one reason Mr Pabrai is one of my favourite people to study.
Couldn’t agree more. The algorithm blessed my feed with this man, suggesting one of his lectures to me only last week, been binging ever since.
Thank you Mr Pabrai. Thank you YT gods.
Mohnish dropping the wisdom. As always.
Thank you for sharing this, Mohnish! Your presentations are great!
it gives me goosebumps whenever i listen to your talks
Words of wisdom. Thank you so much. Loved every minute of it
Love from Bihar,India 💛❤
Brilliant Mohnish. Thanks
Brilliant. Great back story
2nd time of listening to both talks, hammering home the teachings. Thanks monish
Thanks Mohnish, Great talk.
Nice. Insightfull talk.
Well time to start searching then excellent video Thanks
Awesome talk! This lecture equates to reading 5-10 good value investing books.
Monish Pabrai your awesome I'm learning soo much from you and I read your book very nice.
Enjoyed.
Thanks you for the great lecture
Awesome session
Thank you Mr Pabrai v insightful
Great answer at 40:00 and beyond
Please keep update this types of videos.
Be a learning machine .keep compounding 😃
This is awesome thank you for such valuable knowledge 🙏🙏
Thanks for sharing
Very interesting idea on the tyre companies. They are also using the rubber in more applications such as my sports shoes which work better.
My Guru Monish Pabrai Sir
Gold.
Nice Coat Mohnish.
Thank you and great talk! Anyone with any thoughts on what the Korean tyre company could be?
Nexen tire?
He didn't mention it was Korean did he? Was thinking it could be Indian
In other talks he's mentioned about a korean tyre company preferred stock.
It's indian Tyre company
Thé guy gave him a tip worth 100 million and he thanked him what a gyp
Its awesome talk thank you so much for this talk
Heads i win, tails i dont lose much
@ 1:29 Mental Models
Few Bets. Big Bets. Infrequent Bets
a. Amount of money invested
b. Rate of return
c. Length of time
i like his stalin outfit & mustache!
keimo2007 don't think it is Stalin outfit ... it is a typical Indian outfit ...
its a Prince coat and a moustache: quintessential Indian men's accessories
I’ve never agreed with an investor more
Buffett touched on why the Korean stocks are sold at such a discount and I believe a part of it has to do with the fact that they share a border with North Korea and the threat of nuclear weapons is always lingering.
Actually more than 5 decisions more like 100s of décisions but only 5 buys!
Why is Joe Biden in your thumbnail?
The idea of *CLONING* ... sound *Good* Is it really.. worth as it seems to be ... What's ur views
plz *COMMENT* ...
How come market returns are so low. Putting 100000 dollar and getting just 285000 dollar out of it.