Mohnish Pabrai's Lecture to Univ. of Puerto Rico MBA Class - Sept. 26, 2016

Mohnish Pabrai discusses three mental models in the spirit of Charlie Munger’s latticework of mental models in a lecture to the University of Puerto Rico MBA students in San Juan, Puerto Rico.
The three models include:
· The Power of Truth: Commit to candor, however painful or uncomfortable it may be. Being relentlessly truthful (and avoiding “white lies”) will strengthen your relationships with those around you in the long run.
· Compounding is the 8th Wonder of the World: Resist the temptation to pull money out of compounding accounts like 401(k)s; instead, leave them and let them compound over the longest runways possible.
· Dhandho Entrepreneurship: Take advantage of extracurricular time at your full-time job to first test your start-up ideas before quitting your day job to become the next Elon Musk. If you fail, you’ll still have a job. Heads you win, tails you don’t lose much!
Connect to Mohnish thru:
Twitter: / mohnishpabrai
Blog: www.chaiwithpabrai.com
Facebook: / the-compounders-175840...
00:00:00 Introduction
00:01:41 Charlie’s Latticework of Mental Models
00:03:21 The Power of Truth
00:17:47 Compounding - the 8th Wonder
00:24:13 Factors of Compounding
00:34:15 Dhandho Entrepreneurship
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.

[@itsonlymusic1]

I can't believe the empty chairs I saw. IF ONLY I had become interested in investing at their age. Love your talks, Mohnish! Thank you for sharing!

[@it_is_what_it_is2023]

exactly what I thought and some were even leaving. Could listen to him 24/7

[@AjitKumar-xo2lb]

Yess, how can they not listen to him. It's the reason people don't become wealthy.😹

[@jmendoza2007]

To be fair, it was a mistake from the university. If I knew he was in PR I would have attended. The UPR is notorious for not announcing well important guest lectures

[@harbeerchadha]

Mohnish, Your goodwill is compounding at a handsome rate. Thanks for another awesome lesson.

[@WalletDoctor]

Thank you sincerely Mohnish for enriching the lives of my students!

[@thesimplepathtowealth]

awesome talk, thanks for sharing Mohnish

[@hirenpatel247]

Great talk. Its always great to listen to your mental models and learn from them. Thanks a lot.

[@sirazrocky9235]

Thank god for RUclips and brilliant people like Monish.

[@yoelflores4703]

Thank you Mohnish for all the fantastic life lessons.

[@ConvergenceTrader]

Love from Bihar,India ❤💛

[@shohruza3277]

That's phenomenal thank you Mr Pabrai

[@nikunj150188]

Just finished the second listen on this talk. Great one!

[@kaushalchawla]

Thank you very much....awesome message. Thanks again.

[@KriptikOfficial]

Thank you so much for speaking. Knowledge sharing phenomenon.

[@lessonsfromtheheroesofthei9034]

Thanks for sharing your wisdom Monhish.

[@RavindraSingh-xn4wd]

Thank you so much to teach wonder full lesson.

[@danielpisani]

Thank you Mohnish for sharing this very thoughtful lecture, the three mental models shared are noteworthy.

[@VikasSingh-mg5fw]

just mind blowing😊

[@AnkushSharma-zv5hv]

u are such a great public speaker

[@karanmalik7336]

I will definitely try these models sir and will follow your sage words.

[@worldtravel4973]

Excellent topic.
This to be mandatory topic in early education

[@dolevmazker736]

This content is amazing

[@punjacksond]

Great stuff from Master Pabrai

[@eswaranwaran9011]

Brilliant. Why did they not teach me this at school? I suppose plastics and woodwork for 3 months employs more people than a one hour lecture on compounding!

[@tusharchoudhary2390]

Thank you Guru ....

[@davorsostaric]

Love the “different kind” od talking theme

[@Cloninginvesting]

Thank You

[@lokeshchandran1]

Amazing guy mohnish

[@Xyz19781i]

awesome speech

[@AnkushSharma-zv5hv]

I also clapped when the video ended

[@mqwerty9564]

Your great

[@veritasimmigration]

Mr Pabrai, I`m thinking about getting a Mohnish Pabrai bust!

[@keimo2007]

outfit 5/5

[@ghalibkhan80]

i loved the point about power vs force

[@investireocaminho33]

great

[@djhesq1]

This truth theory will be tested Nov 2020.

[@qaisurrehman]

02:30 - Chalie Mungers talk on Psychology of Human Misjudgments - ruclips.net/video/pqzcCfUglws/видео.html

[@andrewpatterson5580]

what is this guy doing Puerto Rico? Seriously bro? You need to be at home managing your fund. Who is doing that btw? Since you all about traveling?

[@davidang8003]

You clearly don't know who TF is he and his schedule