In this engaging conversation, Mohnish Pabrai shares insights into his life, investment philosophy, and the impact of his work with the Dakshana Foundation. Pabrai discusses his recent move to Austin TX, the design of his library, and reflections on turning 60. Pabrai emphasizes the importance of compounding, cloning in investing, and the significance of maintaining a concentrated portfolio. He also highlights the value of games like bridge in enhancing probabilistic thinking, and the role of share buybacks in wealth creation.KEY TAKEAWAYS:
- Mohnish believes that playing bridge enhances one's skills in probabilistic thinking; beneficial for investing
- Cloning successful investment strategies is a fundamental part of Pabrai's approach
- Identifying compounders takes time and often reveals their true value only after ownership
- Concentration in a portfolio can lead to significant wealth accumulation over time
- Share buybacks can be a powerful tool for enhancing shareholder value when executed wisely
#investing #stocks #personalfinance #wealth #podcast
🎙️WANT TO BE A GUEST? Email me at r.speziale@gmail.com
📰 SIGN UP TO MY FREE NEWSLETTER (JOIN 5,000+): https://robinspeziale.substack.com
📚 BUY MY BOOKS:
Market Masters: https://amzn.to/3Vfexu6
Capital Compounders: https://amzn.to/4eYP7bn
Lessons From The Successful Investor: https://amzn.to/3Zj2ai1
𝕏 FOLLOW ME: https://x.com/RobinSpeziale
💰 DOWNLOAD KOHO AND ADD $50 CASH TO GET $20 FREE: https://web.koho.ca/referral/UGXXKO6S
***
DISCLAIMER:
This content is for informational purposes
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.