Mohnish Pabrai’s Q&A session with students at The University of Georgia on November 18, 2021

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  • Опубліковано 11 лип 2024
  • University of Georgia | Host: Charlie Warren Oberman | November 18, 2021.
    00:00:00 Introduction
    00:01:58 Buffett: when he has his first stock tip, call me collect
    00:03:40 Relationship with Warren Buffett and Charlie Munger
    00:12:34 Circle of competence
    00:15:09 Sources for Investment Ideas
    00:17:00 Handling Underperformance
    00:18:42 Leverage in Businesses
    00:22:58 Micro vs. Macro
    00:24:14 Avoiding Confirmation Bias
    00:25:43 Identifying Moats
    00:28:52 Evaluating Management
    00:30:08 Investing as a Profession
    00:32:07 Entrepreneur’s Advantage
    00:33:43 Zero Fee Structure
    00:35:36 Pre-investment checklist
    00:39:09 Lessons from Failures
    00:44:11 Calculating Intrinsic Value
    00:47:59 Shameless Cloning.
    00:49:40 Long-term compounders
    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.

КОМЕНТАРІ • 129

  • @NewMoneyYouTube
    @NewMoneyYouTube 2 роки тому +130

    Mohnish, the internet thanks you for upgrading your mic. 😆

    • @josephtuang9775
      @josephtuang9775 2 роки тому +1

      😂

    • @BobbySamsel
      @BobbySamsel 2 роки тому +5

      Next up. Webcam

    • @prateeksen
      @prateeksen 2 роки тому

      😂😂

    • @HuiChyr
      @HuiChyr 2 роки тому

      Yeah .. his last words in a sentence always disappear. Can't make what he was saying.

    • @tuabenjamin
      @tuabenjamin 2 роки тому

      haha yes indeed 🙏

  • @quantifiedmarkets
    @quantifiedmarkets 2 роки тому +73

    it's astonishing how the internet (UA-cam in this instance) enables us to "access" the minds of such great thinkers. Thank you so much for sharing your thoughts, learnings and unique perspective Mr. Pabrai

  • @zzd7ry
    @zzd7ry 2 роки тому +1

    Awesome learning session, would love an exclusive session where Mohnish talks about Warren and Charlie and their quirks! So happy I once worked for a company that made what YT is today!!

  • @Hawxxfan
    @Hawxxfan 2 роки тому +17

    great wisdom every time from this man. btw, nobody asked about alibaba because this interview took place on Nov. 18th and all the student questions had to be submitted ahead of time.

  • @Mesozoic_mammal
    @Mesozoic_mammal 2 роки тому +28

    So what about BABA? On the one hand he says he does not want to discuss current positions on the other hand he has praised BABA for more than half a year now. Obviously people want to know why the position was massively reduced.

    • @Motivation2Invest
      @Motivation2Invest 2 роки тому +2

      Here is why Mohnish Sold Alibaba: ua-cam.com/video/Fq4ts1SoTjE/v-deo.html , Enjoy 🤫

    • @hichangkyu
      @hichangkyu 2 роки тому

      @@Motivation2Invest Short answer is you don't know and can only guess why. But thanks for spamming your channel.

  • @mrgyani
    @mrgyani 2 роки тому

    How nice are Warren and Charlie.. I am blown away by their humility.

  • @BradKaellner
    @BradKaellner 2 роки тому +12

    New mic! You starting a podcast Mohnish?

    • @MrPinoCavallo
      @MrPinoCavallo 2 роки тому

      If he now invests a few bucks in a new webcam, there he is the new youtube star ;)

  • @luispaz6908
    @luispaz6908 2 роки тому

    Sweet new set up! Wonderful session. Thank you very much. 🙏🏼💪

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @FoleyFamilyLaw
    @FoleyFamilyLaw 2 роки тому +1

    Thank you for this - so much value in this! Much appreciated!

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @fabiopompeo9095
    @fabiopompeo9095 2 роки тому +1

    Thank you so much Monish . Big hugs from Brasil 🇧🇷.

    • @vcash1112
      @vcash1112 2 роки тому

      Brazil rules....🤙

  • @introinvest3543
    @introinvest3543 2 роки тому

    Thanks. Very good interview

  • @roypetith161
    @roypetith161 2 роки тому

    Thankyou, so much value.

  • @tymurmylosvietov4120
    @tymurmylosvietov4120 Рік тому +1

    Mohnish you're amazing! Both as teacher and as investor

  • @InvestingwithTom
    @InvestingwithTom 2 роки тому +6

    MP back at it again!

  • @edoardoRss
    @edoardoRss 2 роки тому

    Thank you, gifting to us your time is a great service

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @luqmanbabalola7978
    @luqmanbabalola7978 2 роки тому

    Great interview. Love from Africa.

  • @kikolatulipe
    @kikolatulipe Рік тому

    Thanks Monish for ur generosity!

  • @webentwicklungmitrobinspan6935
    @webentwicklungmitrobinspan6935 2 роки тому +2

    i have learned so much from your talks.
    your book suggestions is a great filter for books to read and i feel like every book is another homerun.
    thank you so much mohnish

  • @BhavinDhayani
    @BhavinDhayani 2 роки тому +4

    Does anyone know how to get the check list of 160-170 question that Mohnish has referred here at 37:37 minutes over this video?

  • @gszabo7464
    @gszabo7464 2 роки тому

    Thanks for the video

  • @danilodrocco9180
    @danilodrocco9180 2 роки тому

    Is there a chance to do a interview with SAA- School of Management in Turin? It’s the first American business school in Italy

  • @raunakmitra9973
    @raunakmitra9973 2 роки тому +14

    Why did you sell Alibaba?

    • @Motivation2Invest
      @Motivation2Invest 2 роки тому +1

      Here is why Mohnish Pabrai Sold Alibaba: ua-cam.com/video/Fq4ts1SoTjE/v-deo.html , Enjoy 🤫

  • @gauti_
    @gauti_ 2 роки тому +4

    54:00 , when he starts talking about IEX (INDIAN ENERGY ECHANGE).

  • @georgeward3708
    @georgeward3708 2 роки тому +7

    Hey Mohnish, thank you for doing these interviews, I watch everyone.
    I know Warren lost 80-90% of his money in some Irish banks around the GFC. They were small investments but I thought you'd like to research a banking mistake of his (as he has so few).

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @arpanpatel2371
    @arpanpatel2371 2 роки тому

    Sir i am live in atlanta and I would like to meet to you ! I miss that , so which state i can come sir

  • @navinbkk
    @navinbkk Рік тому

    Thank you very much for your experience shared with us Monish sir.. it is very insightful indeed... Is it possible for you to share the investment checklist that you have talked about in the video Sir ? We would be very grateful if you can 🙂

  • @kiranvrao9714
    @kiranvrao9714 2 роки тому

    ThANKS

  • @brentarchibald7605
    @brentarchibald7605 2 роки тому +10

    Since I can’t afford the zoom call or the lunch with Mohnish on eBay this is the next best thing 😂

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @martinlutherkingjr.5582
    @martinlutherkingjr.5582 2 роки тому +9

    Imagine if CNN and Fox News asked such great questions

  • @kikolatulipe
    @kikolatulipe Рік тому

    Hu guys , what is the exact name for American power company !?

  • @JaiiDesaii
    @JaiiDesaii 2 роки тому +2

    I believe you said in earlier videos you sold IEX before the run up. Also additionally latest quarterly shareholding pattern doesn’t show Pabrai Investments. Did your fund reduce holding below 1% in IEX?

    • @satyendra0205
      @satyendra0205 2 роки тому

      As per my understanding, sometimes big people dont work alone they work with group of people. I think this can be the reason the share price is surged 3x in a year.

  • @supersonicej
    @supersonicej 2 роки тому

    Thank you Mohnish!

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @_cipriangg_
    @_cipriangg_ 2 роки тому

    Thank you!

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @Random.Adventures.
    @Random.Adventures. 2 роки тому +1

    Any thoughts on your Baba investment?

  • @JustInvestToday
    @JustInvestToday 2 роки тому +2

    thanks mohnish again, dam!!!

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @Cheapguyrahul
    @Cheapguyrahul 2 роки тому

    Awesome video sir

  • @yankeedoodle6293
    @yankeedoodle6293 2 роки тому

    I even enjoyed the intro music 👍

  • @hurshvardhansingh953
    @hurshvardhansingh953 2 роки тому +1

    It's my lucky day 🥳🥳

  • @charlielim1179
    @charlielim1179 2 роки тому +5

    Wow… pre investment checklist 160 or 170 question is a lot. Good points to have checklist . I’m curious about your 160-170 question … 🤔🤓

  • @amirjon
    @amirjon 2 роки тому

    What is the general consensus on financing deprecating assets (cars)? Was curious what your thoughts are and why Mohnish suggests it.
    Thanks

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @Unknown-ii7iw
    @Unknown-ii7iw 2 роки тому

    the iex part is cut off 😅

  • @dhireshparab5190
    @dhireshparab5190 2 роки тому +1

    I have one small doubt, inspite of the fact that Mr pabrai is not comfortable investing in in banks, nbfcs and financial institutions, why such a huge bet on edelweiss finance in india, worth giving a thought for cloning.

  • @santanubhatt78
    @santanubhatt78 2 роки тому

    Awesome and great learning Mohnish . There is something mentioned Ddaroma - I did not quite get that , Request to mention where I can get the top holdings of top investors

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @Schecterbaby
    @Schecterbaby 2 роки тому +1

    Thank you for sharing these fruitful conversations, Mohnish. However what I feel this community really needs is a mustache tutorial.

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @JaiiDesaii
    @JaiiDesaii 2 роки тому +1

    I’m confused and asking coz I’m in dilemma that did you sell coz it got overvalued & regret it (as you said I believe in one of earlier videos) or you changed your thesis on IEX….

  • @mehdan5618
    @mehdan5618 2 роки тому

    My Pabrai thanks a lot for the wit and wisdom. Bty, I think u should check your Mic, the sound quality has ups and downs

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @ATSInvest
    @ATSInvest 2 роки тому +8

    Lets see if the Baba question pops up now that it is sold hehe

    • @gehp5238
      @gehp5238 2 роки тому

      Did it?

    • @sajalchoudhary2
      @sajalchoudhary2 2 роки тому

      Not till now.....I am at 40minutes

    • @Motivation2Invest
      @Motivation2Invest 2 роки тому +1

      Here is why Mohnish Sold Alibaba: ua-cam.com/video/Fq4ts1SoTjE/v-deo.html , Enjoy 🤫

  • @chrishung7582
    @chrishung7582 2 роки тому

    00:28:52
    track record of management, what did they say 5 years ago, did they competent / overdelivered ?

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @gurkamalkanwar5776
    @gurkamalkanwar5776 2 роки тому

    Can someone ask MOhnish how a retail investor from Australia buys stocks in Turkey ? I haven't figured it out. :)

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @EverythingMoney
    @EverythingMoney 2 роки тому +10

    Great interview! I really like this video. - Timo

    • @sven4880
      @sven4880 2 роки тому +1

      100% sounds like you never watched the video lol

    • @tuabenjamin
      @tuabenjamin 2 роки тому

      @@sven4880 lol agreed. Almost like he wants us to click on his channel. Hard pass. 🥱

  • @ConvergenceTrader
    @ConvergenceTrader 2 роки тому +1

    Love from Bihar, India ❤

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @nunofreitas8838
    @nunofreitas8838 2 роки тому

    If you only copy others you'll never outperform others ;) but possibly will have good returns long periods!

  • @Sjindal0126
    @Sjindal0126 2 роки тому

    Would like to know more about his reasoning for investing in edelweiss financials. If anyone could ask about the same in the next session

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @sunilhpatel
    @sunilhpatel 2 роки тому

    I like listening to your sessions, it is so inspiring, I just hope I had found you 25-30 years ago, I am 53 so I am so late to start, but would like to give the same advice to my daughter aged 21. Any help advice would be greatly appreciated. When are coming to Leicester, UK. Thank you

    • @k.h.6991
      @k.h.6991 2 роки тому +1

      I'm not pabrai, obviously. But the main advice I'd give is to watch the ramsey show. Then, if you're financially healthy, investment advice becomes relevant.

    • @derkmerv6725
      @derkmerv6725 2 роки тому

      Check out David Sinclair and NMN

  • @vigchand8849
    @vigchand8849 2 роки тому +2

    One point I would disagree with Monish is on having debt on depreciating assets. I agree on everything else, margin debt stupid, options trading is dangerous

    • @harrycheverlyinvesting7737
      @harrycheverlyinvesting7737 2 роки тому +1

      What’s your reason for not financing depreciating assets ?

    • @mariov767
      @mariov767 2 роки тому

      Totally Agree - don’t see logic on that comment too

  • @WorldPlaysAll
    @WorldPlaysAll 2 роки тому

    Sir can you please improve video quality
    धन्यवाद आपका दिन शुभ हो

  • @malaikallanmayavi9153
    @malaikallanmayavi9153 2 роки тому

    Thanks for the great video. I am a filmmaker from Australia. I want to fund my own film. How can I create a fund with an investment? Thank you.

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @hiteshvevo
    @hiteshvevo 2 роки тому +1

    Some information was cut at 64.35 :/

    • @davidcob4333
      @davidcob4333 2 роки тому

      Feel free to contact on «WhatsApp>for trading
      informations and strategies

  • @gilbrennan8867
    @gilbrennan8867 2 роки тому

    I like your Gogia Pasha plaque. I've heard he was the original Gilly Gilly Man. My name is Gil and my friends call me Gilly. Thought that was funny.

  • @RAGEBJK
    @RAGEBJK 2 роки тому

    Reysas lojistik in içinden geçtiniz durmuşla beraber 👏👏👏

  • @ManOfSteel1
    @ManOfSteel1 2 роки тому

    I was expecting something on turkey

  • @hasankothiwala4974
    @hasankothiwala4974 2 роки тому +5

    Pabrai why did u sell $BABA come on my guy

  • @aristark559
    @aristark559 2 роки тому

    which indian company is he talking about?

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @AuditorInvestor
    @AuditorInvestor 2 роки тому

    Mohnish is so damn funny - caught myself chuckling multiple times during this.

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @MADMAX7330
    @MADMAX7330 2 роки тому

    Clemson Tigers for the win!!

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @WillChousThoughts
    @WillChousThoughts 2 роки тому +1

    lol name of the host... charlie warren

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @vcash1112
    @vcash1112 2 роки тому

    Monish needs to invest into a new camera.... Looks like he's using dial up internet.🤪😃😆

  • @englishi5799
    @englishi5799 2 роки тому

    GIGL Se Mom kon aaya h yaha

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand 🖕

  • @c2225
    @c2225 3 дні тому

    5x is less than sp500 😂

  • @buckyfanksy
    @buckyfanksy 2 роки тому +1

    So weird to be named Charlie Warren wtf, how is that cute. What if i name my kid Michael Jackson van Damme Schwarzenegger, nothing wrong with that. Or even XAE...oh wait

    • @amirjon
      @amirjon 2 роки тому

      Lol. So good.

  • @Motivation2Invest
    @Motivation2Invest 2 роки тому +1

    Here is why Mohnish Sold Alibaba: ua-cam.com/video/Fq4ts1SoTjE/v-deo.html , Enjoy 🤫

    • @whatp-vw6kv
      @whatp-vw6kv 2 роки тому

      Tex me back for more knowledge and experience skills and understand📷📷▶️

  • @heals630
    @heals630 2 роки тому

    Quote of the video...."If you see a cow that is HUGE, you don't need to know to it's weight to know if it's BIG & FAT."

  • @ManOfSteel1
    @ManOfSteel1 2 роки тому

    how unfortunate to have someone else's name rathar than a meaningful one.