Mohnish Pabrai’s Q&A with London School of Economics on January 18, 2023
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- Опубликовано: 31 май 2024
- Mohnish Pabrai’s Q&A with London School of Economics on January 18, 2023 |
00:00:00 Intro
00:01:01 Durable Moats
00:04:27 Coca-Cola
00:07:57 Apple
00:08:52 Burlington Northern Railway
00:10:57 Patience is your most valuable asset
00:14:40 The Quest for 100 baggers
00:16:08 Charlie’s greatest investing mistake: Belridge Oil
00:19:27 Reysas
00:25:30 Japan Company Handbook
00:30:09 Circle of competence
00:32:28 Margin of safety
00:32:51 Be unreasonable
00:34:12 Be an independent thinker
00:35:46 Cloning ideas
00:40:01 Thou shall never use Excel!
00:41:22 Charlie’s mental models
Please Note: The image in the thumbnail is an image of an actual Belridge Oil Well Identifier plate from the 1970s.
The contents of this transcript 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.
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Soft spoken and a humble teacher.
Talk about the discipline it takes to sit and do nothing for 20 years. Thank you for these talks and glorious wisdom.
Every day now for weeks for at least 20 minutes im listening to this guy,his voice is relax,eyes friendly and message clear and simple.Thank you Monish to share the wisdom
Always a treat when Mr. Pabrai uploads new videos!!!
Another wonderful talk. I can listen to Mr. Pabrai all day.
Thank you sir for sharing your knowledge
It really helps to shape my future and decision making
Thank you sir once again.
This is wonderful.
Thank you for the video! Learn something new every day
Biggest form of dakshana Mr. Pabrai. Thank you.
Loved it...
Thank you Mohnish.
Much love👍🏻
Thank you for all the information that you have shared.
Great video thank you so much Mohnish!
Thanx sir for everyone
Thank you Monish for your wisdom!
Thank you sir
Nice! Always a pleasure to listen to this guy
That intro music has become like Pavlovian conditioning. Every time I hear it, I start to salivate for wisdom.😅
Skillz lad.
love you
Mohnish Pabrai is great
Love you ♥️
Love from Bihar, India 💛
Dear Mr. Pabrai, thank You for exposing us to insights in Your knowleage as well as in the teachings of Munger and Buffett! When editting if You can please don't cut Yourself so harsh, I like when You laugh, or even just pause. Like in older talks You have broadcasted on YT. Thank You!
Back again with another one!
HEX is killing it 💚💚💛💛❤❤💜💜💙💙✨✨🚀🚀
Is there book like Moody Manual for india company's
Modern age wisdom guru..
The company that is most likely to stay around for 100 to 200 years is Berkshire Hathaway! 🔥 🔥 🔥 🔥 🔥 🔥
If companies are trading for the fraction of their liquidation value, then why they're not getting liquidated?
Sir,
Will the Turkey earthquake have long term effects on Reysas?
Actually I like the taste of Coke, it's distinct from other drinks. Even if I like brand, I wouldn't probably buy it if it tasted differently.
Can anyone do a videos explaining the financial reports showing what he likes ?
Who, Mohnish or Munger? If you're going to pick a strategy to copy, it should probably be Mohnish, because he mostly focuses on smaller cap businesses like Warren Buffet did when he started off and eventually had too much capital and was forced to do large cap businesses. First thing you look at is revenue growth, then you look at the P/B ratio, then return on capital, then you look at gross income compared to net income. If net income is tiny or negative relative to gross income, you look at the total assets and total debt and see if the businesses is putting their gross income back into the business to pay down debt, or buying more assets. If net income is negative and they're not doing these things, they're not profitable and they're not building their business. Then you look at asset to debt ratio, usually you want no less than 2:1, but it depends on what sector the business is in. Then you look at share dilution and make sure the management is not over diluting the shares to cause share inflation and pull capital out of the shareholders. Sort of how the US federal government caused inflation, but we'll just pretend it was from Ukranian wheat exports.
That's just the start, there's a lot more to it, but those things can screen in businesses you want to look into further pretty quickly, or those you want to throw away.
Booring company might change the railway thing. I know not important.
No offense to Charlie but your speeches are much more informative, not Charlies fault. Daily Journal questions, one was how often do you exercise or do you use a cane etc. Let's just hope we can even remember our biggest error of ommission, let alone coherantly talk to shareholders/students when were 90+. Thank you Mohnish. I would love to charity bid to have a lunch with you.
The title should be Munger and baba 😂
Still holding
I thought it was BABA and not Belridge Oil 🤣🤣
First
Charlie Munger reads 4 or 5 hundred books a year? So more than one book a day?
He skims them and only reads the parts he is interested in.
What is the Turkish company lol
Reysas
Charlie biggest investing mistake was Tesla not BABA? He has made a lot of mistake
What i never like about Monish speaches is when he says that you are the same from 5 until 85
I have such an opposite opinion and i find his, pessimistic and like meaning that there can be no improvement and what you are is based to luck... i don't believe any of it.
You are not chained to anything the power of mind is too great for me to admit that!
from munger's mistake on baba :(
i don't think munger and value investors declare victory or defeat based on 1 year timeframes...
@@jc5688 *he(munger) said he was one of the biggest mistake
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Hilson Ferguson. I now make huge profits by weekly through her services while still learning to stand on my own.
I think he trades for everyone I meet. I met him twice at a meeting in Germany and after him lectures from Hilder I had to personally ask him to be my financial advisor. He is definitely good
I'm new at this, how can I reach him?
"Tradewithferguson"
Telegram
I just looked up his name online. He is licensed with credible certificates and has an amazing track record.