Mohnish Pabrai: Stock Investing (TIP442)
Stig Brodersen talks with legend value investor Mohnish Pabrai. In the interview, Mohnish Pabrai shares his thoughts on Alibaba, Tencent, a person
al letter from Warren Buffett, and much more.
IN THIS EPISODE, YOU'LL LEARN:
00:00:00 - Intro
00:00:42 - What Warren Buffett’s letter to Mohnish Pabrai said
00:05:44 - What is Mohnish Pabrai’s driver for being an asset manager?
00:20:10 - Mohnish Pabrai’s natural biases
00:24:32 - How Mohnish Pabrai talks to his daughters about investing and money?
00:27:41 - What to look for in an asset manager
00:27:41 - What is Mohnish Pabrai’s role with Dakshana Foundation
00:32:47 - Investment portfolio
00:44:39 - How and why to invest in a country with secular inflation
00:44:39 - The investment case for Reysas Logistics
00:57:09 - Thoughts on Tencent and why it might be a better business than Alibaba
01:05:20 - Thoughts on Alibaba and why there is no concern with the VIE structure
01:07:15 - When do we know that we know enough to build a position?
- Is it an advantage to spend money on research tools
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📖 BOOKS MENTIONED:
- The Dhandho Investor by Mohnish Pabrai - amzn.to/3Ngv8ru
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▶️ PAST EPISODES MENTIONED
- TIP347: Value Investing In 2021 W/ Mohnish Pabrai - • Mohnish Pabrai: Value ...
💡OTHER RESOURCES
- Mohnish Pabrai’s Dakshana Foundation - dakshana.org/
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Gotta love that mustache. It's 90% of his networth
@bluemiltank
2 жыл бұрын
90% of the time it works all the time
What gives you an advantage in investing? 1. Amount of money you manage (the less you manage, the greater the advantage) 2. How many decisions you make (the less active you are, the greater the advantage) Poor & Lazy = Winning ;)
@siddrishistudio
2 жыл бұрын
I wouldn't say its being lazy, but being smart. There is a big difference
@simba1608
2 жыл бұрын
His buying and selling in the last year contradicts that.
@BradKaellner
2 жыл бұрын
@@simba1608 to be fair he's far less active than the typical fund manager
@simba1608
2 жыл бұрын
@@BradKaellner True, but the typical fund manager doesn't constantly preach a buy and hold phylosophy.
@corbin9501
12 күн бұрын
If I am managing less than 2500 dollar😅s, do I need to register my company with the Feds?
Dakshana is super impressive. I went to Dilworth School in NZ, which ran a similar (although far more expensive per student!) model
@TheInvestorsPodcastNetwork
2 жыл бұрын
Thanks for watching, Tom!
This is the EPIC Interview. Enjoyed a lot Thank You very much ❤️
Wow Stig Congratulations for investing in Pabrai Funds. I think minimum investment is 7-figures (usd) by now
Yes, in countries with high inflation there is a bias towards gold and US $100 bills.
Fantastic interview - I very much enjoyed Mohnish’s previous conversation with Stig, and this one was a real treat; you covered a lot of ground and it was great to hear him expound on his investment idea. Well done Stig and team and I’ll be looking to become a Dhando investor myself. Please continue to have him back 🙏🏽
@TheInvestorsPodcastNetwork
2 жыл бұрын
Glad you enjoyed the episode!
Pabrai on TIP 👍
Great interview!
@TheInvestorsPodcastNetwork
2 жыл бұрын
Our pleasure!
good show. thx
@TheInvestorsPodcastNetwork
2 жыл бұрын
Our pleasure!
great stuff!!!!!!!!!!!!!!!!!!!!!
@TheInvestorsPodcastNetwork
2 жыл бұрын
Thanks for watching, Chris!
Very interesting podcast
@TheInvestorsPodcastNetwork
2 жыл бұрын
Thank you for the support!
Great interview was able to spot so many gems from it too will add it to my mindset
@TheInvestorsPodcastNetwork
2 жыл бұрын
Glad it was valuable for you!
@enhancedutility266
2 жыл бұрын
@@TheInvestorsPodcastNetwork you're welcome and I'm a recent sub that subbed yesterday by the way to help on your analytics
Where can we buy Reysas?
What is the book at the start?
That is exactly what I am saying about the Turkish market, buy companies with high export records and no debt and you will be very well.
@3418hakan
2 жыл бұрын
But what are they? I mean most of the exporting companies are subjected to imported raw materials/commodities in USD. So, they spend USD/Euro to buy commodity first and then export products. What companies are u talking about?
@jasonwhiteley3612
2 жыл бұрын
also governments force you to use incorrect exchange rates that behave as an a extra tax
Does anyone know a brokerage in europe that trades in turkey? specifically RYSAS.
@hawtwax
2 жыл бұрын
Does he own RYSAS or RYGYO
I would only invest with him because he has such a great personality and great mustache😊
Does anyone have any idea wich juice company he anonymously talks about ?
Which Reysas does Monish own? RYSAS or RYGYO?
@lifeisgood1631
2 жыл бұрын
RYSAS
is the Turkish bottling company Monish refers to Coca-Cola İçecek and the juice company Ersu? 90% sure it is just wanted some confirmation
@venelinkabakchiev9942
11 ай бұрын
Looking for the same info, did you manage to find out?
Much respect to you but a lot of kids can have tolerance to not sell if their family is well off. Lose it all and then see how hard it is to not sell. You are a legend!Ty:)
How much is the minimum investment required in Pabrai Funds ?
@iirgendsonTyp
2 жыл бұрын
7 Figures, last time i checked it was 3mil
It would be interesting to know how you invested into Mohnishs fund. Do you need to have personal contact with him to do so? What is the minimum amount you need to invest? Do you have any other obligations like leaving your money for at least x years in the fund?
@achillemonnet3972
2 жыл бұрын
Tune in May 21st. Hopefully we’ll all find out more
@Herschauen
2 жыл бұрын
Monish Pabrais funds have not performed well. Better stick with index investing.
@marcobaruzzi3149
2 жыл бұрын
According to Google, the minimum amount is 2.5 million
The best Quote from Pobrai I ever heard " Pakistan and is not some Mickey Mouse country " :D
Is he attendant this annually meeting for. Berkshire Hathaway.
@chrismullarkey3181
2 жыл бұрын
?
@fuhat1040
2 жыл бұрын
@@chrismullarkey3181 it's happening thia year on April 30th it's going to be live streamed.
Contrarian thoughts on turkey. Thank you mohnish
@TheInvestorsPodcastNetwork
2 жыл бұрын
Thanks for watching!
Drinking from the fountain!
"Medium talent."--Bill Murray
meh
philanthropist = not paying tax 🤔🤫😑😏