Mohnish Pabrai speaks at Trinity College Dublin - February 21, 2019

Mohnish Pabrai lecture to Trinity Student Managed Fund at Trinity Business School, Trinity College Dublin, in Dublin, Ireland, on February 21, 2019.
00:00:00 Introduction
00:03:50 BULL! A history of the boom and bust, 1982-2004 by Maggie Mahar
00:05:13 THE DOW (1896 - 2019)
00:10:38 Market conditions when Pabrai Funds started
00:13:00 Price matters
00:16:35 S&P 500 (1928 - 2019)
00:17:13 Nasdaq (1971 - 2019)
00:18:00 Sensex (1979 - 2019); Dax (1988 - 2019)
00:18:50 Property bubble to NIKKEI (1970 - 2019)
00:22:21 KOSPI (1980 - 2019)
00:34:00 Lessons from Charlie Munger and Warren Buffett
00:41:17 Advice on Starting a Career
00:44:29 Definition of Success
00:48:39 Hedge Fund Fee Structure
00:59:54 When should one start a Fund
01:09:27 Succession plan at Pabrai Funds
01:10:42 Mental Models with Philanthropy; Dakshana Foundation
01:20:58 Low Risk and High Uncertainty Bets
01:29:57 Finding your own rope during drawdowns
01:35:42 Thoughts on current market levels
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.

Пікірлер: 80

  • @InvestingwithTom
    @InvestingwithTom5 жыл бұрын

    Thanks for sharing this Mohnish. Incredible wisdom!

  • @benjaminlegeard3190

    @benjaminlegeard3190

    2 жыл бұрын

    Hey Tom!

  • @TheWolfgangplayer
    @TheWolfgangplayer5 жыл бұрын

    Thank you sir. I found it really great of you to give this many speeches and condense a wide varriaty of topics in an easy way to anderstand matter. great fan of your's. Wish you and your family just the best.

  • @amirjon
    @amirjon5 жыл бұрын

    “If you take the whole history of Berkshire Hathaway and take out the 20 best transactions our record is a joke. Life is not just bathing you in unlimited opportunities” Charlie Munger

  • @1800options
    @1800options5 жыл бұрын

    The time just flew with Manish. Great conversationalist.

  • @shreyaslahoti7542
    @shreyaslahoti75423 жыл бұрын

    Every time you teach us something new. Thank you so much! 🙏

  • @RDd188
    @RDd1885 жыл бұрын

    THANK YOU FOR THOSE 1.4 HOURS IT'S BEEN GREAT LEARNING EXPERIENCE. THANK YOU FOR MAKING IT PUBLIC.

  • @humptydumpty1835

    @humptydumpty1835

    2 жыл бұрын

    Its 1.66 hours ;)

  • @aidanfogarty3768

    @aidanfogarty3768

    2 жыл бұрын

    I love it. embarrassing it took me a minute.

  • @gszabo7464
    @gszabo74642 жыл бұрын

    Thank you Mohnish. Always great to listen.

  • @aidanfogarty3768
    @aidanfogarty37682 жыл бұрын

    Truly grateful to KZread for letting me rub shoulders with all these great leaders in life. I wanted to be rich for a long time. but now I'd trade riches to be around people who enrich my life.

  • @localfox1000
    @localfox10005 жыл бұрын

    I had not heard the story about his father and the astrologer before despite listening to many of his previous talks. Incredibly moving.

  • @shashikantamishra5399
    @shashikantamishra53995 жыл бұрын

    Keep recording and uploading all of your videos...My humble request sir

  • @pabdulhakkeem
    @pabdulhakkeem5 жыл бұрын

    Mohnish JI... Thank you.... Much awaiting to watch your latest lecture.

  • @russzee
    @russzee5 жыл бұрын

    Incredible talk. I admire his wisdom and core principles in life and investing. I need to watch all his videos. Thank you Mohnish!

  • @aamirsayani7101
    @aamirsayani71015 жыл бұрын

    Thank you soooo much for sharing this with us.

  • @kmukul
    @kmukul5 жыл бұрын

    Thanks a lot Pabrai for uploading to youtube, Happy to learn and reeducate myself

  • @qaisurrehman
    @qaisurrehman5 жыл бұрын

    long awaited video..thank you Mohnish.

  • @maheshchander2415
    @maheshchander24155 жыл бұрын

    Thanks for sharing the lecture . GRT as always. Wonderful way to explain the issue with examples. Having watched your so many vedios , there was a repeat of examples ,but still it is always a pleasure to listen .So thanks once again and waiting for the next one.

  • @jagankrantihcu
    @jagankrantihcu5 жыл бұрын

    Thank u sir for sharing ur precious sessions

  • @guharup
    @guharup3 жыл бұрын

    This academic location had the most animated and engaged students, thats my feeling after watching all of Mohnish's lectures to different colleges

  • @YOUAREMOVINGUP
    @YOUAREMOVINGUP5 жыл бұрын

    Very informative, the new a Warren Buffett. I had never heard of him until this video, thank you for shareing.

  • @clintonrezeki4243
    @clintonrezeki42435 жыл бұрын

    Always a joy listening to you, Mohnish

  • @shashikantamishra5399
    @shashikantamishra53995 жыл бұрын

    I don't know sir how much I can thank you for your lectures...m in stock market for 5years ... everytime I repeatedly see your vdos gain some new things...m working in a psu ...But if u allow me I can quit job n work in your organization for free of cost...It's amazing to learn from ur sea of knowledge...

  • @varunjain7895
    @varunjain78955 жыл бұрын

    Excellent presentation upfront !!!

  • @itsmeraju809
    @itsmeraju8094 жыл бұрын

    Nobody in the investment world had a greater impact on me than you, you are a great investor, a great teacher and above all a great human being, i admire a lot about your Philanthropy too.

  • @PhillCurtis
    @PhillCurtis2 жыл бұрын

    Thank you for sharing this Monish!

  • @ppnair9
    @ppnair95 жыл бұрын

    sharing knowledge is great karma. Thank you, sir, for the kindness to share and educate in the art of investing.

  • @nslcap

    @nslcap

    5 жыл бұрын

    so true... what a generous act

  • @MoncoCarser
    @MoncoCarser5 жыл бұрын

    Thank you for great talks :)

  • @mubarakali1984
    @mubarakali19845 жыл бұрын

    Sir, Thanks for Sharing & Very insightful

  • @sushovankonar619
    @sushovankonar6195 жыл бұрын

    Thank you so much ❤️ sir...

  • @saravananj8042
    @saravananj80423 жыл бұрын

    Great lecture.. Thanks

  • @jayantpatel90
    @jayantpatel90 Жыл бұрын

    Thanks Mohnish for sharing

  • @bhavinpande8095
    @bhavinpande80954 жыл бұрын

    Thank You !

  • @TheThirdEye122
    @TheThirdEye1225 жыл бұрын

    Really genuine person.

  • @alextitaus
    @alextitaus5 жыл бұрын

    Thank you:)

  • @rajanachiket3172
    @rajanachiket31725 жыл бұрын

    Thank You Sir

  • @atangbingana283
    @atangbingana283 Жыл бұрын

    thanks Mohnish

  • @luciaconk
    @luciaconk5 жыл бұрын

    Great talk

  • @Xyz19781i
    @Xyz19781i5 жыл бұрын

    Really good as always

  • @magalengo
    @magalengo3 жыл бұрын

    Peter Drucker, "if you can't measure it, you can't improve it."

  • @PrytexAcademy
    @PrytexAcademy4 жыл бұрын

    Great video!

  • @drjems
    @drjems3 жыл бұрын

    Insightful

  • @KS-it2qc
    @KS-it2qc2 жыл бұрын

    The internet is truly mighty.. I’m standing here in my kitchen eating leftovers and sipping beer on the bar… meanwhile getting lectured like I am In a business Akademie, blessed with the visit of one of the greatest humans ever lived.. Salute

  • @jayangli

    @jayangli

    2 жыл бұрын

    K S ✌️

  • @sanjibanichoudhury8247
    @sanjibanichoudhury82475 жыл бұрын

    Uncertainty can create great opportunities in an auction driven market

  • @ralphrau
    @ralphrau5 жыл бұрын

    What does Desmond run now? Can we invest with him ?

  • @mdmosiurrahman2526
    @mdmosiurrahman25262 жыл бұрын

    Sir,Now i am thinking why i can not find your SPEAC before...Thanks

  • @learnearninvest9917
    @learnearninvest99174 жыл бұрын

    Awesome sir

  • @nicolasallen8072
    @nicolasallen80724 жыл бұрын

    His talk at Google is good too.

  • @Commando303X
    @Commando303X Жыл бұрын

    The Dax and Nikkei charts clearly are (I imagine accidental) duplicate-slides. Which is correct? Thank you.

  • @syremusic_
    @syremusic_2 жыл бұрын

    Did anyone catch the name of the auto parts company Buffet found in Barron's?

  • @edgarquismorio8464
    @edgarquismorio84642 жыл бұрын

    If I have to clone I will clone Monish and not Warren. Monish has a higher average return than Warren. “Numbers don’t lie” for starters.

  • @lightcapture
    @lightcapture5 жыл бұрын

    Not sexy, but sound advice! Thank you Monish!

  • @denissutherland3653
    @denissutherland36535 жыл бұрын

    John 8 : 42 " For it was from God that I came forth and have come here. I had nothing to do with my coming, but it was He who sent me."

  • @hvac_airpurifier_airfiltration
    @hvac_airpurifier_airfiltration4 жыл бұрын

    My Ideol.....Pabrai sir.

  • @palestineViper
    @palestineViper2 жыл бұрын

    Does Alibaba fit the "low risk high uncertainty" model right now?

  • @DavidSmith-do6ji
    @DavidSmith-do6ji2 жыл бұрын

    What a guy!

  • @AnlamK
    @AnlamK5 жыл бұрын

    He uses price indices which don't include dividends and not total returns indices which consider the dividends reinvested.

  • @moosesnWoop
    @moosesnWoop Жыл бұрын

    hahahahaha omg I heard the intro from 00:00 and then looked to see "University of Dubln" - lol slowly but surely Monish is colonising the universities with classical Indian music.

  • @Northstar2000
    @Northstar20004 жыл бұрын

    Dhandho kar!

  • @Vinod_Passy
    @Vinod_Passy5 жыл бұрын

    Which are Parai Funds?

  • @joezawinulreviewsandreacti2509
    @joezawinulreviewsandreacti25095 жыл бұрын

    I still am trying to figure out why so few people besides you trust the Fiat Chrysler forcast but I'm betting you're right.

  • @1964mjc

    @1964mjc

    5 жыл бұрын

    Also been of the cheapest stocks on Toby Carlisle’s acquirers multiple platform for about 2+ years - If Monish got in then (I suspect he did) - He’s already in the money...

  • @Angad_24
    @Angad_242 жыл бұрын

    WHOA.

  • @bismarcko4847
    @bismarcko48474 жыл бұрын

    anyone from dublin ?

  • @SuccessSequence
    @SuccessSequence4 жыл бұрын

    "Out of the park", if you will..

  • @guCCI-sy5de
    @guCCI-sy5de4 жыл бұрын

    1:15:00 "RIff Raff" Businesses dont survive.

  • @thewarrenbuffettspreadsheet
    @thewarrenbuffettspreadsheet3 жыл бұрын

    Today is kind of 1999 in repeat. All money goes into Tesla and high flying it stocks. Funds throwing in the towel and buy into the eufhoria.

  • @BT-kf4kx
    @BT-kf4kx Жыл бұрын

    It hurts to not able to eat some isn’t it

  • @thedumbiitian
    @thedumbiitian3 жыл бұрын

    35:00

  • @denissutherland3653
    @denissutherland36535 жыл бұрын

    1 Corinthians 11 : 3 " I want you to know that Jesus is the head of man and man is the head of woman and GOD is the head of Jesus."

  • @anilbabudaggu
    @anilbabudaggu2 жыл бұрын

    The bigger the party the greater the Hangover. It looks funny but it is fact.....

  • @jsnrt9485
    @jsnrt94855 жыл бұрын

    same redundant speech every where.. I have been following his guest lectures from years..

  • @skassociatesnz5940

    @skassociatesnz5940

    4 жыл бұрын

    And you are still following his speeches😀

  • @guharup

    @guharup

    3 жыл бұрын

    I felt his Boston college lectures have something new every year by design since he takes that lecture every year.