His Dhandha-Book is about the Patel-Motel-concept. Not Dhandho. "Dhandha" means simply business. And "Dhan" means a larger sum of money. Usually they are speaking about 150K US-$.
moat=competitive advantages, durable competitive advantages, strategy---its an ability of a business some types of enduring competitive advantages thAT ALLOW IT TO EARN BETTER THAN AVERAGE return over an extent period of time. some has narrow moat, wide moat, deep moat but filled up quickly. we are looking deep moat and getting deeper by the day. thats great business.
every business needs to find out who is there ideal customers are----our who does their homework and entireperiner who made their money from business, smart, wider range of industries, they are my analysts, i call them when i need to understand any industry , best advisor cheapest price with no conflict of interest.
Although Mohnish is a good speaker, he could be a second Bernhard L. Madoff. After this scandal it's difficult to trust anybody. Although I don't think he's a cheater, but who knows?
only way to buy it if you understand the underline business, stay within the circle of competence, if you understand business you understand what they worth
Pabrai is nothing more than a self promoting parrot. While he quotes Munger and Buffett all the time, he hasn't yet figured out value investing or actually learned from them. He just copies other value investor's ideas. Every time he has tried to come up with his own ideas he has completely failed (e.g. ZINC).
Even for great investors, One out of three investment ideas might fail . It’s very easy to criticize someone with benefit of hindsight. Better look at track record of 10-15 years & judge a manager. Fact is he made ~ 11x returns in 25 years which is phenomenal Happy Investing!
rich-- if you consistently spend less than you earn and invest in index fund you will be rich in 20 or 30 years. chances of you managers will beat the index fund is less than 1%.
I like Mohnish Pabrai a lot. I met him in Omaha. He is down to earth, not arrogant at all. His book about the Patel family is also great.
One video of Monish is like an encyclopedia of investing, amazing guy, you can listen to him for hours
Exactly ... gonna make a checklist ASAP, never thought about it
💯
its not about IQ its about patient and waiting for the right pitch for many years
the key to investment is to protect your downsides.
Fascinating. A fine exposition of how to avoid stupid investing mistakes.
His Dhandha-Book is about the Patel-Motel-concept. Not Dhandho. "Dhandha" means simply business. And "Dhan" means a larger sum of money. Usually they are speaking about 150K US-$.
great wisdom.mohnish knows the real thing the real thing of investing.
low risk and high uncertainty. we want free lunches, low-risk bets high return possibility.
A great man.
enterperior are very good in minimizing risk and comfortable with uncertainty.
great thoughts
you dont make money by buying stock or selling stock but you make money by waiting
Does anyone know the name of his second business that he said failed?
yes, no, or too difficult---98% too difficult
moat=competitive advantages, durable competitive advantages, strategy---its an ability of a business some types of enduring competitive advantages thAT ALLOW IT TO EARN BETTER THAN AVERAGE return over an extent period of time. some has narrow moat, wide moat, deep moat but filled up quickly. we are looking deep moat and getting deeper by the day. thats great business.
superb speech
every business needs to find out who is there ideal customers are----our who does their homework and entireperiner who made their money from business, smart, wider range of industries, they are my analysts, i call them when i need to understand any industry , best advisor cheapest price with no conflict of interest.
the enterperiner principle is low risk and high uncertainty--- it should not capital. nap room.
What year was this recorded?
fee structure--- be a copy cut---warren charge no management fees---25% of profit after 6% hardle
i am comfortable with this probablities or not and then go ahead or not.
1. how can i lose money on it, 2. can i absolutely minimise my downside and upside will take care itself
i want to become a value investor, what course can i take or books can I read to learn how to start?
Rule one investing workshop (Phil Town)
gtavsmsg10 the intelligent investor, one up on wall street
Invested podcast with phil and danielle town. There are a few books they have put out
Rishabh Somani one up on Wall Street is not value investing, it is growth investing
@@ishmaelsantos2275 they both are the same
Although Mohnish is a good speaker, he could be a second Bernhard L. Madoff. After this scandal it's difficult to trust anybody. Although I don't think he's a cheater, but who knows?
+Sanjay Germany any scandal after him? sorry I dont know thts why asking
Far from it my friend, far from it... thanks for the laugh
we take 10 to 15 basis point a year for running costs, we take our salaries after 6% from performance fees
all investors inability to sit alone and do nothing, when the world is severly fearful then to act.
we are going low risk high returns
intengible and tengible , qualitative and quantative factors to look into
only way to buy it if you understand the underline business, stay within the circle of competence, if you understand business you understand what they worth
Great job Mohnish Sahib.
'I don't invest in tech' 😂 His biggest holding is Micron... About as tech as you can get...
Mohnish wakes up late and takes so many naps not because he is wise but "fat and lazy".
But he stills compounds at 26% a year so what’s your point ? Being lazy is actually good for a long term investor
average company has three set of books one for the compsny one for the gov , one for govt , one for the mistress
vangard is great way to go, s&p500, Russel 2000, emerging market index take three put 1/3 you will be fine
durability of tech moat is many time hard
you make money buy eating curry half price
Pabrai is nothing more than a self promoting parrot. While he quotes Munger and Buffett all the time, he hasn't yet figured out value investing or actually learned from them. He just copies other value investor's ideas. Every time he has tried to come up with his own ideas he has completely failed (e.g. ZINC).
I lost money on ZINC too after Cramer had pumped it on his show.
Agree 100% Leggo... this chap and that Guy Spier use all the jargon... but flukes and fakes. They.re also small time.
Even for great investors, One out of three investment ideas might fail . It’s very easy to criticize someone with benefit of hindsight. Better look at track record of 10-15 years & judge a manager.
Fact is he made ~ 11x returns in 25 years which is phenomenal
Happy Investing!
Murari Kaushik but guess what ??... they have more money than you
i am a better investor because i am a better businessman and i am a better business man because i am a better investor
rich-- if you consistently spend less than you earn and invest in index fund you will be rich in 20 or 30 years. chances of you managers will beat the index fund is less than 1%.
value investor always try to protect the downside
short selling-- maximum gain double maximum lose bankrupt.-it does not make sense to me,
Very unique? That's a bit like being very pregnant...
@2.50 Q. "Define moats" - A. "deep moat with lots of piranhas in it" What a load of BS. And whats he doing with his hidden right hand?