Mohnish Pabrai's Presentation and Q&A at Boston College and Harvard Business School on Oct 27, 2022
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- Опубликовано: 1 июл 2024
- Mohnish Pabrai's Presentation and Q&A at Boston College and Harvard Business School on Oct 27, 2022.
00:00:00 Introduction
00:02:16 The Uber Cannibals Investing Framework
00:27:30 Henry Singleton - The ultimate Uber Cannibal
00:36:56 The magic of buybacks
00:43:48 Investing in a high interest rate environment
00:46:58 Rules for philanthropy vs. capitalism
01:01:16 Figuring out intrinsic value
01:10:09 Creative destruction in capitalism
01:18:11 Mental models
01:22:27 Active vs. Passive Investment Management
01:25:54 Investing in global markets
01:44:08 Advice for students
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.
Reupload because the slides weren't properly synched with audio, now fixed. Big takeaway: Henry Singleton was singularly focused on growing his own wealth through acquisitions and buybacks. Warren Buffett cared deeply about bringing his shareholders (partners) along for the ride.
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Mr. compounder please help me. You have a special power. IMODIUM MAN!!!
Thank you for posting this. I watched and learned a few things. It is humbling to listen to people who have real mastery of the subject. Sincerely appreciated.
You are doing Gods work here.
Please more content like this!!!!! finally a more deeper insight in how to evaluate a company. all videos before people asked the same questions, this is the first time, you took the initiative and prepared so much quality for the outside world.
i can learn so much from this.
thank you so much Monish
It is crazy that we can get this every single year, thanks Mohnish.
Again big thank you master Mohnish. You explained buy back and Henry Singleton so clearly!
yes, every year we wait for the presentation at Boston College
Always a treat to watch !!!!
Thank you Sir! For such a real world great education..🙏
Thanks Mohnish lovely presentation as always. It be nice if you shared your wisdom with less fortunate educational institutions where the quality of teachers is substantially low. Just saying.... this is why the rich get richer.... its starts at these very institutions. Someone like you can make a huge difference to the less fortunate student who dont make it to these kinds of schools.... Just my thoughts...
Thank you Arvind and Mohnish. Another set of benevolent insights from Mohnish.
Arvind, Mohnish suggested that he'd leave the contract of the Industrial Psychologist with you. What is the best (least intrusive) way to receive that contact from you. Thank you.
Thank you Mohnish.
Hi Mohnish hope you're doing great! Thanks a lot for all these marvellous learning opportunities to us mere mortals hehe.
I think buying a better microphone would improve a lot the quality of the lectures, not just for us but also for the guys in the zoom meeting. I highly suggest it. Once again thanks a lot for your teachings and I wish you the best of luck
Love from Bihar,India 💛
Thanks a ton sir
Thank you Mohnish! Taking one percent of Apple per year is a sweet compensation 🍪💰
what happened?
can you give us the link/contact for "owners manual"
What do you think of investment bank Jefferies?
How about LPX?
At 20:43 "Need stable/growing business that is profitable. The business cannot be in decline" . I think not necessarily since Berkshire and Hathaway was a textile mill that was in decline. Buffett used the money still in that business to purchase shares of quality companies that were not in decline such as Geico. So instead of buying back its own shares, it bought other company's shares.
War can we find this slide for download
Does anyone know who, Mohnish is referring to that can assist with learning our “owners manual”? Any help would be great!
Sounds like a personality test. On search seems they ended it april 2022.
Mohnish cuts off and cant hear him at times. I want to hear every word he says. :)
i love this videos, but mr. Pabrai audio is always terrible... would be really nice to fix it :/
The mic is not good. The voice keeps cutting off.
Yes,change the microphone please
Love you 💖
Very interesting... Brookfield asset management isn't on the list
Incredible. AN is getting into auto financing. Juicy.
Can someone explain what Multiple Expansion is in the equation at 5:50
What does it mean and how to calculate that
I can't english well. I think Multiple expansion means How much up or down trailing PE annually. so it can calculation like this
first year trailing PE * (Multiple Expansion) = last year trailing PE
I don't know you can read haha. I hope you can understand.
@@user-oy4tv6de6s thank you so much for this. the calculation is correct. but is this the way to calcualte multiple expansion?
Yes i just change multiple expansion mean as a formular.
@@chibaxi1982 How's it correct? If we take the NVR example: 9.7/12.1= 0.8 not 0.95 as shown on the slide
someone tell me, how did he got expansion in the formula!! NVR = 0.95
I didn't get it!
Expansion reflects the change to the PE multiple over the buyback timeframe. For NVR 0.95, it reflects the PE has declined by 5% over the buyback timeframe.
It will be interesting in the future to see if Turkey's industry will benefit from access to Russian natural gas.
34:46 list of cannibals (for future reference)
Sir I want to work with you and want to learn a lot from you
His entire video spoke about how he doesn’t want to work with anyone, and you come and say this?
your content is very good, but you really need to fix your microphone when you speak.
there are many times that you speak and I cant hear anything.
Just buy a microphone and the podcasts will be much better understood.
Thanks
Mohnish: you don't need to use a spreadsheet to evaluate a business.
Do you keep a record of your decision?
The parking lot is the icing on the cake for a poor business.
Richart Heart made bigger returns than Mohnish - FACT ✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨✨
uber cannibal? wtf?
When are you going to add a cannibal to your 13F?
Oh NVR... The legendary pick by charlie479.
monish - can you take a look at SQM for us? I am making a fortune with this stock. earnings is going through the roof.
Pabrai is not a credible person in my opinion. He
praises companies and relatively shortly afterwards
exists the positions (Alibaba. Seritage, Shinoken just
as examples). Now there is nothing wrong with
changing your mind, but if you have the confidence
to praise companies into heaven to your audience,
you should know enough about them and not have
to change your thesis every five minutes. If your
own commitment ist so volatile, you should not
praise these companies as if you have figured them
out.
just for research purposes, where do you track Pabrai's holdings or transactions ? Do you have a legitimate source?
@@rishabhnair3789 Dataroma
@@thanksforyouruploads all of these things are great but it is only an act. He is not truthful and deceived his investors and followers many times.
Please go look up his returns during the last 10 years. 0 returns
@@menash07 wow, zero return in the past 10yrs?
@@dlangere Yes…. He is just an imposter tied up to Buffett and Munger