Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024
Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024.
00:00:00 Introduction
00:00:30 Why entrepreneurs make the best investors
00:03:05 Buffett's early entrepreneurial adventures
00:08:09 Buffett's introduction to Ben Graham
00:11:35 See's Candies
00:17:55 My entrepreneurial journey
00:30:21 Entrepreneurs don’t take risks
00:32:32 Richard Branson: Virgin Atlantic
00:36:15 The Patels' motels business in the US
00:41:12 Introduction to Warren Buffett
00:46:08 Pabrai Funds
00:54:33 Lunch with Warren Buffett
00:59:12 Learnings from Buffett: Be a harsh grader
01:05:28 Dhandho Investing: Heads I win, Tails I don’t lose too much
01:07:17 IPSCO
01:09:05 Investing in coal
01:10:08 Private vs. Public auction-driven markets
01:12:49 Index funds
01:14:14 What Puddy (of Seinfeld) can teach us about investing!
01:17:17 Compounding; The rule of 72
01:22:36 Berkshire's 12 best decisions; Ajit Jain
01:28:58 John Templeton: Trouble is opportunity
01:29:52 Cryptocurrency
01:30:57 Nick Sleep; Amazon
01:36:17 The Walton's Family; Walmart
01:37:09 Reysas
01:42:22 Capital allocation: Meta
01:44:09 Elon Musk
01:46:07 Learnings from Charlie
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