MOHNISH PABRAI: How to Minimize Risk and Maximize Returns - Top Lessons for SUCCESS!

[@EvanCarmichael]

Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: kzbin.info/door/acX6JAo1EpmxT91r6VH53g

[@hackinggreatness]

My favourite quote by Mohnish Pabrai is on patience: "You don't make money when you buy stocks. You don't make money when you sell stocks. You make money by waiting." Love it.

[@EvanCarmichael]

+Hacking Greatness Thanks for sharing! #BTA85 Christina

[@explorersumana4826]

Hacking Greatness

[@ujwalagarwal199]

Thats by Charlie Munger

[@MySweetLuck]

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.- Mohnish Pabrai. I read his book The Dhandho Investor and now I'm uploading chapter by chapter summary. Highly recommended

[@phantomcreamer]

That comes from munger

[@tanyukim5177]

This guy is the combination of warren buffet, charlie munger and Manoj Bhargava. I truly love all the points he carried out. #BTA9

[@EvanCarmichael]

Thank you for the comment Tan. Glad you liked it. Thanks for watching. #BTA171 Shine

[@user-xedwsg]

your comments are never of substance...... what does this hashtag mean?

[@MarnixTroudes]

its just a virtual assistant commenting for him

[@viralbuthow000]

I've gained more insight from foriegn entrepenuers than American ones. Their perspective is so enlightening. Very lean and practical. No salesman BS.

[@leatherDarkhorse]

+roscoegino Asian endup asking you signup for their pyramid scheme as always like ever.

[@viralbuthow000]

I think us Americans got them beat on that.

[@EvanCarmichael]

+roscoegino Thx for watching. #BTA82 Nina

[@mahesharali]

Evan Carmichael ppppppp

[@SBK2480]

Mohnish is an Indian origin American citizen, so not really a foreigner

[@TheDark-Knut]

One of my favorite personality in the world of investing! Great man.

[@EvanCarmichael]

+Top 5 Thanks for watching.. #BTA82 Nina

[@daithiocinnsealach1982]

Dealing with uncertainty and minimizing risk is just great life advice.

[@EvanCarmichael]

If you risk nothing, then you lose everything. 😊 #Believe - Feb

[@dinadorelli4688]

Serious, well spoken, good advice

[@EvanCarmichael]

Glad you like it :) #BTA846 Luka

[@georgecarra]

The point about listening to what the customer wants. Listening to the feedback and acting on it. (The last point) And not going on what was first thought. Thank you Evan Carmichael very much.

[@EvanCarmichael]

Thank you very much for sharing your thoughts and for watching georgecarra. :) Always #Believe! #BTA385 Shine

[@dilip9254]

Thanks man for this video.I know him personally.After seeing him here I felt very happy

[@Motivatedmailman]

These videos are outstanding! I just found this channel yesterday! I wish I'd found it sooner!

[@Newfuturebuilder]

+jls511 Welcome to the #BelieveNation. There has been so much great knowledge dropped here its been amazing!

[@EvanCarmichael]

+jls511 Welcome onbaord. #BTA82 Nina

[@EvanCarmichael]

Check out my NEWEST video: goo.gl/E0eE6m

[@prabhapayila9161]

Evan Carmichael

[@JoshuaCooper]

Mohnish is awesome! Thanks for creating this Evan!

[@EvanCarmichael]

+Josh Cooper Thank you for watching. :) #BTA91 Luka

[@subratadas-um4jp]

@@EvanCarmichael no

[@abdullaalmannaei8641]

One of the BEST advices, although I don’t know how to apply all of them together.

[@EvanCarmichael]

Thank you 😊 #Believe - Feb

[@caribbeanvalueinvestorcorp7934]

Love Mohnish Pabrai and his book The Dhandho Investor. It has taught us a lot.

[@EvanCarmichael]

Thanks for sharing :) #BTA874 Luka

[@stemikger]

One of the few truth tellers in the investing world! I realized the only thing I needed to do was be smart enough to know who to listen to. My favorites have been and still are John "Jack" Bogle, Warren Buffett, Charlie Munger, Walter Schloss and Mohnish Pabrai.

[@EvanCarmichael]

Thank you for sharing and for watching Stephen. 😊 #Believe - Feb

[@jesyca1977]

This guy is all about endurance and marketing, he emphasizes on the competitive edge, analyzing the market from the shoe of an investor rather than from a 'pure' spreadsheet perception, thus adjusting 'company design' to reach a steady flow. He doesn't like what he defines as 'risk' but doesn't mind taking calculated risks to build onto reaching an adequate steady flow, maybe then looping into higher steady echelon ... A lot of business insight, yet we must keep in mind that it also enjoying what is left from the 'sense' it can make of a free-market ... Happy free marketing :) 'n' hopin' their will always be some kindof investment to keep it up... gamblin' goplins financial crashes create a desire for 'safe-interest' - a 'no-free' banking-boss market zone-... or otherwise we need those flow 'motts/moats' with all those piranhas (patelles or not).... then the piranhas can eat us all up...:))))) @diehard

[@EvanCarmichael]

+Jesyca Thank you for sharing with us, and thanks for watching. :) #BTA137 Luka

[@mostlymarymartha]

Thanks! How about interviewing Phil Town. I liked that the idea of what you pitch might not be exactly what the consumer wants, so listen and find out what they do want.

[@EvanCarmichael]

Thanks for the suggestion and for watching. :) #BelieveNation #BTA372 Shine

[@padmakarshetty1020]

It's a great lesson for value investg.He is true disciple of great Warren & Charlie Munger & mastered value investg.Few points picked from the talk he gave were Minimizer your risk . Create competitive advantage.Stay within your circle of competence

[@daniellabozzone3276]

I enjoyed this video. I would love to see a top ten of Phil Town.

[@EvanCarmichael]

Thank you very much for your suggestion but it would be great if you could post your request under this video: kzbin.info/www/bejne/ZpLVi5VmrbF8eq8 If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA851 Luka

[@oceanclocksky1823]

When newspaper seller become billiener & millionaire ,then whole world salute and talk about persan and that can be possible in mother stock market 💰💰💰💰🙏

[@EvanCarmichael]

😊 #Believe - Feb

[@dhruvilshah3772]

Hey Evan!!Can u make a video on Sunil Mittal's top 10 rules for success ( Chairman & group CEO of Bharti Enterprises)

[@EvanCarmichael]

+Dhruvil Shah He's on our to do list. :) Thanks for watching! #BTA101 Luka

[@borntobbad]

Fantastic video thanks Even. And thanks to Monash Pabrai for sharing his invaluable information.

[@EvanCarmichael]

I'm glad that you like it! Thank you for watching. :) #BelieveNation #BTA645 Luka

[@SandeepSingh-pk4ji]

Great learning behind these lines.

[@EvanCarmichael]

Glad to know that. 😊 #Believe - Feb

[@24ronin]

Great video!!!.. a whole new different perspective I should say!!.. very refreshing... Don't pitch to others what you yourself wouldn't buy!! That's a great advice ..

[@EvanCarmichael]

Glad you like it and that it's helpful to you Temsu :) #BelieveNation #BTA845 Luka

[@phoenixrising164]

just the thing i needed ..

[@EvanCarmichael]

Glad it helped. 🙌 #Believe - Feb

[@tahirsayed3520]

Thanks a lot for good content

[@EvanCarmichael]

You're much welcome. 😊💛 #Believe - Feb

[@wanghaowang5790]

Thanks for sharing

[@EvanCarmichael]

You're welcome 😊 #Believe - Feb (from Evan's team)

[@numankhan8974]

I know tomorrow you will made video on my top ten rules for success . I'm waiting for that time.

[@EvanCarmichael]

Thank you for watching. #BelieveNation #BTA659 Luka

[@qainstep1129]

make on ratan tata he is one of the best people

[@EvanCarmichael]

Thank you very much for your suggestion but it would be great if you could post your request under this video: kzbin.info/www/bejne/ZpLVi5VmrbF8eq8 If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA937 Luka

[@albertevans7643]

Solid stuff. Good information. Can use it.

[@EvanCarmichael]

Great to now that Albert. All the best! #BTA534 Shine

[@srirangaswamy8986]

Thanks Evan. Absolutely valuable info! This is real education as its coming from experience!..

[@EvanCarmichael]

You're welcome, glad you find it valuable. 🥰 #Believe - Feb

[@numankhan8974]

I was searching for it . Thanks you made video .

[@EvanCarmichael]

I'm glad that you like it! Thank you for watching. :) #BelieveNation #BTA659 Luka

[@hansraviaruldas4467]

Hey Evan. You should do one on Tony Fernandes. He's a malaysian Richard Branson.

[@EvanCarmichael]

Thank you very much for your suggestion but it would be great if you could post your request under this video: kzbin.info/www/bejne/ZpLVi5VmrbF8eq8 If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. 😊 #believe - Feb

[@Newfuturebuilder]

#4. I think this one is great. For some time I've been trying to craft my vision of what I've wanted to sell, mainly because I've wanted it to be something I'd get excited to buy.#BTA209

[@EvanCarmichael]

+New Future Builder Awesome! #BTA84 Christina

[@CS-hy6es]

loved the ad😊

[@EvanCarmichael]

Thanks for watching. #BTA492 Shine

[@matthewmunger5238]

Great vid

[@EvanCarmichael]

+Matthew Munger Thanks. #BTA82 Nina

[@kapilmeena9802]

#Lots of love for Sir😍

[@EvanCarmichael]

Much love #Believe :) #BTA1605 Veljko

[@virajashan9054]

Thank you Evan

[@EvanCarmichael]

Thanks for watching Viraj :) #BTA1035 Luka

[@JamesBlessinger]

What is styding?

[@stevenboon2544]

Good advices,thank you .I also think somethimes when i invent some idea,world i buy it and who would buy it,but how to find out if something is already existing?or not yet😉

[@EvanCarmichael]

We have a few videos on that subject, Steven. You should check it out on our channel. :) #BelieveNation #BTA991 Luka

[@bestyouprointernational]

Thank you very much for posting this Evan Carmichael. We are not very familiar with Monish Pabrai, this has motivated us to start looking into his content! Could you kindly tell us what the #BTA means?

[@EvanCarmichael]

Thank you very much for watching BestyouPRO. :) For #BTA, thanks to check: kzbin.info/www/bejne/eKS8aZWjibqJhpo Much love. #BTA319 Shine

[@automationsolution]

Unique!

[@EvanCarmichael]

Thanks for watching :) #BTA956 Luka

[@Play_Streams]

This is an awesome channel. Can you do one on Aliko Dangote? thanks!

[@EvanCarmichael]

+William Mucheru He's on our to do list. Thank you for the suggestion, and thanks for watching! :) #BTA124 Luka

[@Play_Streams]

Thanks for the awesome work Evans

[@coachkenny]

Very intelligent!

[@EvanCarmichael]

Couldn't agree more. 😊 #Believe - Feb

[@wadood8]

Is that North York Centre?

[@EvanCarmichael]

:) #Believe - Feb

[@sports4160]

I like this guy!

[@jiwann4213]

great content.

[@EvanCarmichael]

+Jiwan N Glad to hear that! :) Thank you for watching. #BTA124 Luka

[@dropsixteentvtv4149]

It's funny that the ppl who actually make these companies, many didnt look at any of this stuff. At least not until they became rich.

[@EvanCarmichael]

Interesting thought! :) Thank you for sharing with us and thanks for watching. #BelieveNation #BTA604 Luka

[@rgentertainment3302]

Love this guy!

[@EvanCarmichael]

Thanks for watching #Believe :) #BTA1566 Veljko

[@Krishna-qi9ye]

He is an amazing guy .

[@EvanCarmichael]

+Agnis Saffron :). #BTA89 Nina

[@CS-hy6es]

didnt understand what he meant by 'piranhas'

[@jaskbi]

11th Rule which came up again and again which was missed was check out Charlie Munger as you hear Mohnish talk about him like 5 times in this video

[@EvanCarmichael]

Thanks for watching. :) #BTA148 Luka

[@_katraa_]

Thanks for making this video guys. There is always something insightful to take from each of your videos. I love the different perspectives each speaker gives. As for me, I would have to say that 4. & 7. resonated most with me. Number 4. because I love the designs I create. They are as much a part of me as my own beating heart, and a pure form of self expression. I get so many compliments on leather accessories I wear, and the people I engage with unusually end up being customers. They know that my work and integrity speaks for itself. Number 7. hit home because I see the value in learning how to effectively market my handcrafted creations, and am learning how target an audience who is drawn to my story. I work diligently to show the depth, value, and appreciation I have for my clients, along with my attention to detail. It takes time, and I am practicing patience. Thank you so much for being a solid source of inspiration for me and so many others! Much love. #BTA1😃🙏🏼

[@EvanCarmichael]

+KATRAA by Matthew Molcillo Thank you for sharing your insight :). #BTA82 Nina

[@_katraa_]

***** Hi Nina, thank you for engaging with me, and it's my pleasure. Hopefully it's not to much. I know I can get a little excited with my posts! HaHa! Have a great day guys! #BTA6

[@reg4026]

It all sounds good but the dark side is top share holders do insider trading and that's why they are successful. Have anyone heard that a youtuber has become a millionaire? A youtuber pretends to have a good knowledge than viewers but in reality this knowledge does not helps when the dark side overrules.

[@EvanCarmichael]

Thanks for sharing your thoughts and for watching. 😊 #Believe - Feb

[@anishsrivastava7467]

Make a video on Raamdeo Agrawal.

[@EvanCarmichael]

I've added him on our to do list. Thank you for the suggestion! :) #BelieveNation #BTA440 Luka

[@shrisub881]

Please make a video on Nikesh Arora

[@EvanCarmichael]

We have Nikesh Arora on our to do list. :) #BTA Luka

[@redplanet1657]

Evan can you make the 10 rules of success of Peter Lynch

[@EvanCarmichael]

Thank you very much for your suggestion but it would be great if you could post your request under this video: kzbin.info/www/bejne/ZpLVi5VmrbF8eq8 If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1244 Luka

[@fazalrabbani9148]

thnks.

[@EvanCarmichael]

You're welcome. 😊 #Believe - Feb

[@3cialo141]

Golden!

[@EvanCarmichael]

:) #BTA1006 Luka

[@m.rakesh7157]

Wow ✨️🙏🏻👏🏻👏🏻👏🏻👌🏻

[@EvanCarmichael]

Yay! Happy to know you enjoyed it, thanks for watching. Much love! 🥰 #Believe - Feb

[@ThePhysicsConnection]

I really like these videos, do Peter Thiel, I think he is a genius he cofounded pay pall

[@94462]

He already has...search him up....

[@EvanCarmichael]

+waseeb hussain Thanks, Waseeb!-) Yeah, he's already on the channel! #BTA84 Christina

[@94462]

+Evan Carmichael try doing Larry elisson top ten, also Bob parson's founder of GoDaddy, Ryan Blair as well, also Reid Hoffman and also Mike Tyson, Arnold Schwarzenegger and also Sylvester Stallone etc

[@94462]

+Evan Carmichael Ray dalio's another one...

[@EvanCarmichael]

+waseeb hussain We've already profiled Arnold, Sylvester and Ray, you should check those out. :) Others are on our to do list. #BTA87 Ivan

[@nlp71]

I like the idea to invest and wait

[@EvanCarmichael]

+kahn Didi Nice. :) #BTA86 Ivan

[@Motivatedmailman]

Can you profile Tony Gaskins Jr?

[@NoName-sv9ne]

+jls511 That is a great idea! He probably has a lot of material out there too!

[@EvanCarmichael]

I've added him on our to do list. Thank you for the suggestion! :) #BTA171 Luka

[@nishchayvk313]

Evan... can you do Leonardo De caprio

[@EvanCarmichael]

+Nish Chay He's on our to do list. #BTA86 Ivan

[@ericbesmonte9170]

Love it

[@OlloTi]

One of the messages here is to compel your customers to want to do business with you. I was struck by the caution to define your market and have something COMPELLING to sell to your customers; do not sell something that you would not buy yourself and pay attention to feedback because your product might not be the exact thing that the market is looking for, what works for your customers may not be what you came up with. Avoid precision thinking! :o)

[@EvanCarmichael]

+OlloTi Yeah, very well said. :) Thanks for watching. #BTA86 Ivan

[@scholastic01]

Hi Evan, We have been a fan for a while. Congrats on the book. When you put the information out there for the pre-order, I will definitely be purchasing. You have no idea how much your words and your videos have truly helped in keeping me and my team pushing. I do apologize if this may be long but I am stuck and in deep need of your help. Let me start by saying, I am the editor-in-chief of a print/online magazine by the name of C’est Moi Magazine. The magazine was founded in 2014. The main reason I wanted to start this magazine is due to a personal friend who is also a photographer. We were having a conversation about life and she mentioned that she sent her work to a well-known magazine but the response received was quite discouraging. It made her not want to be a photographer and made her feel that her work was not good enough, which brought the push needed to bring this magazine to light. It took many emails to photographers, makeup artists, etc but we were able to release our first issue which became a catalyst we needed to keep us moving. Now our goal is to bring more exposure to the creative talents that honour us to feature their work in our pages, make it more cost efficient, and to reach an extensive global market (make it more physical and creating distribution). Of course, revenue is needed to make this dream come true. Making money is not even a factor in the equation; we just love meeting new people through their art and helping people. We have sent out emails to prospects with a copy of our media kit, started a kickstarter, building efficient content, etc .We have received responses from our emails but not what we are looking for. I remember you mentioning about how you built your initial business by creating partnerships. My questions are: How and who would you advice to create partnerships especially from a magazine standpoint? How to make more of a social media presence so potential investors will see that we have value? (I notice other “starter” online magazines that may have just been created 2 days ago, now have over 10,000+ followers, which makes me start to question, “OK. What the BLOODY hell are they doing? Are they buying followers? WTH. “ I do not have a sales background but I love the learning as I go along(even though frustrating at times). Your help and input will be greatly appreciated. cestmoimagazine.wix.com/cestmoimagazine instagram: @cestmoimagazine

[@EvanCarmichael]

+scholastic01 It all starts with what you stand for. What makes you different? What's the positive impact you're trying to make? Spread a powerful message out there that people resonate with and want to share. What's your #Believe? #BTA87

[@annettegoodwinwalker2233]

#BTA32 Thanks Evan.

[@EvanCarmichael]

+indigoannette walker You're welcome! #BTA85 Christina

[@scottharrison3391]

Love him

[@EvanCarmichael]

:) #BTA809 Luka

[@amosmasithe8700]

PAY ATTENTION TO FEEDBACK

[@EvanCarmichael]

I couldn't agree more with you. :) Thank you for sharing and thanks for watching! #BelieveNation #BTA667 Luka

[@Natalie-lu8px]

#BTA27

[@EvanCarmichael]

#Believe :) #BTA1541 Veljko

[@brijeshmandavi6795]

Head I win. Tail I don't lose much

[@EvanCarmichael]

Thanks for watching! #BTA1153 Luka

[@abdurrahman1493]

0. soooo true

[@dougschaffer1974]

i want to watch a guy sper interview

[@EvanCarmichael]

Thanks for the suggestion and for watching. #BTA467 Shine

[@Espyout]

#10

[@EvanCarmichael]

+Randy Mitchell Great! #BTA84 Christina

[@periklisspanos1003]

Why sell if we make or they make money it is nice not to work.

[@EvanCarmichael]

Thanks for sharing your opinion, Periklis. 😊 #Believe - Feb

[@sahil-mr3gx]

👍

[@EvanCarmichael]

#Believe :) #BTA1652 Veljko

[@SampathKumar-uk5ol]

would like to know about Vijay Kedia an investor

[@EvanCarmichael]

Thank you very much for your suggestion but it would be great if you could post your request under this video: kzbin.info/www/bejne/ZpLVi5VmrbF8eq8 If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1134 Luka

[@klpinvestments]

I would definitely buy a used car. Ha ha.

[@EvanCarmichael]

Thanks for sharing. :) #Believe - Feb

[@kalpanab2689]

Balaram kottu bapatla.

[@EvanCarmichael]

Thanks for watching! 😊 #Believe - Feb

[@Jack9788]

I made my money in woman's lingerie

[@EvanCarmichael]

Thanks for watching. #BTA382 Luka