Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023

Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023
00:00:00 Introduction
00:02:20 Buffett’s 2022 Shareholder Letter
00:03:23 Berkshire’s dozen truly great decisions
00:07:14 Naspers; Tencent
00:12:13 Rakesh Jhunjhunwala; Titan
00:14:55 Nick Sleep; Amazon
00:18:38 Ben Graham; Geico
00:20:19 Walmart vs. Nifty 50
00:23:37 Buffett's Coke investment
00:26:35 Chuck Akre's Three-legged stool
00:29:51 Compounding is the 8th wonder of the world
00:33:47 Silicon Valley Bank
00:36:38 Reysas
00:38:40 Identifying great businesses
00:44:04 Investing in Turkey
00:47:07 Seritage
00:48:31 Start specializing at the age of 11
00:50:42 Circle of competence
00:52:39 Ajit Jain
00:57:20 Index Investing
The contents of this video 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.

[@nospicerecipe72]

Thanks from a dakshana student , im a doctor now

[@supreetsingh6038]

Hey I am a doctor too from governement college - looking into mohnish and investing

[@Virago_XV]

Mr. Pabrai, I really appreciate how well you communicate. Your presentations are so easy to understand despite the complexity of the material. Thank you.

[@compounding999]

Thank you for this Mohnish!! Excellent lecture and reminds me of Thomas Phelps 100 to 1 most serious money is made just "holding on"

[@serefgunes2157]

Dear Mohnish, I watched most of your you tube interviews , lectures for many years , I must say this one was particularly special . Thank you for shairing your wisdom and knowlege in the art of investing and thank you for the opportuntiy to learn from you.

[@LearningWithAnishSrinivas]

Thank you Mohnish, a very good mental model to add to our collections.

[@ChuckLeCluck]

Another best hour added to my life, looking forward to the many more you will add to our lives. Many good lessons learnt with a complex uncertain future ahead of us in life.

[@heinzk1024]

Really enlighting and made me think..you are right, errors are part of investing, but you can do well even with them, thank you .. Greetings from Germany

[@waterisfree2079]

Finally - some updated material from Monish. Love it.

[@loocheek]

Thanks for the great sharing.

[@Mothers_Capital]

Love from Bihar, India 💛

[@hjain288]

Same heree

[@jameskiologwe]

​@@hjain288😊😊

[@boskojovanovic2770]

Thank you for providing free education. I learn a valuable lesson every time I listen to you present. ❤ from Australia 🇦🇺

[@soumitradutta5995]

Thank you for this wonderful presentation.

[@varunjain5789]

Loved it like always...

[@watchdog3640]

Great and inspirational lecture with such fundamental advice for investors of all sizes. Thank you very much.

[@Cloninginvesting]

Thank You Mohnish Sir

[@TheeFatPanda]

Thanks for sharing!

[@ajitshah198]

3 factors of Compounding. Loved this very much. Thank you Mohnish.

[@cg722]

Thank you

[@brentarchibald7605]

This is a great talk, thank you for sharing!

[@shreyaslahoti7542]

This was amazing! Thanks Mohnish ❤

[@ajaysinghrathore51]

Very beautifully put together, I loved the examples ❤! Thanks for the multiple nuggets of wisdom!!

[@maarketwala]

Thanks mohnish

[@agantuk1off]

Great.. always a pleasure listening to you 🙏

[@All_Cylinders]

Thanks Mohnish!

[@askwruhs6721]

great video , sir. thanks for the valuable contents

[@sumanthm629]

Great video but wish the volume would have been higher. Like a great stock but wish the price was lower.

[@ethicaldisaster]

Very excited about this one

[@megamod22]

Great lessons Manish. Thanks for sharing.

[@rajeshfc1]

Reminds of Matrix dialogue- there is a great deal of difference between knowing the path and walking the path ...holding for ever is key as long business do well , great insight ❤

[@padmakarbiradar5402]

Thank you sir

[@JustInvestToday]

Brilliant!

[@BibinBCherian]

Just a minor comment on Geico: Ben Graham talks about it in detail in the Postscript to the Intelligent investor (his last edition). More importantly thanks for sharing, especially Ajit Jain's deals.

[@jlcvicente]

I was going to mention the same. Small mistake in an otherwise Amazing presentation!

[@airforceandnavyupdate3691]

Feel great to be the first one to comment Thank you sir for all your wisdom and support to young generation to how to live a life with prosperity

[@dolevmazker736]

Another banger 😇😇

[@supreetsingh6038]

Amazing

[@Snippets-of-Mendi]

Loved this. Thanks again for signing my book while we waited to enter the Berkshire Hathaway meeting. It was such a pleasure to finally meet you in person after binging your channel for the past year. ❤

[@dm9392]

Pabrai in his full prime.

[@zeshanfarooqui1]

Thank you Mohnish for this valuable education.

[@IndianRasoiByPoonam]

Great sir

[@Elsa-qy9hr]

Mohnish, i understand you have great admiration for Siddhartha Gautama🙏. Id like to also mention that when you tell the audience that when you teach you are being taught, reminds me of when Jesus said to the disciples~ John 31. Meanwhile his disciples urged him, “Rabbi, eat something.” 32 But he said to them, “I have food to eat that you know nothing about.” 33 Then his disciples said to each other, “Could someone have brought him food?” 34 “My food,” said Jesus, “is to do the will of him who sent me and to finish his work." ~His food was also his words ~Continued blessings to you

[@vijaykumargtm1229]

I really like your comment ❤❤

[@jagpreetb]

Ur magnum opus. Thx for sharing

[@krapdivad]

47:09 it me

[@MultiLex101]

Mario?

[@markopolo9470]

You make fun out of boring numbers, what a show, such a storyteller!

[@MonkstoneCapital]

👏

[@temamou43]

The thing I love about Monish is that is very smart and very humble

[@EquityThink]

🎉

[@danielegregorini3184]

Nick Sleep not only buy and hold Amazon but also brk and costco. These were (and are) his 3 holdings. 3 superstrong long term multibaggers. Chapeau

[@amirjon]

Look a parrot!

[@mikeb6476]

Story teller, story teller..ooooohh story teller 😉👍

[@stephanheuler578]

Mr. Pabrai, you only counted the 300+ decisions that you could see. Since the are mistakes of omission that Warren often talks about, the number must be way higher. A good guess would be a double.

[@lennard3204]

38:10 seems like the very good answer can only come from an even better opertunity ;)

[@carlosnunes3701]

It is impressive the times you use the word orgasmic. I have been to Turkey, and I loved it too.I went their for tourism and Dental implant .

[@justinbeghly1384]

Choosing the correct companies before everyone already knows is the difficult part. Nick Sleep probably had no idea that it would be the cloud that would make the Amazon investment great.

[@christopherstewart9874]

Berkshire didn't buy shares of small companies. Everyone (even I) knew that Amazon had great potential years before Berkshire bought it. You do not have to buy before "everyone" knows about a company, you just need to see potential, be willing to buy and be willing to hold. Warren Buffett has said that most of the companies he bought into have had so-so results. A very few become superstars, but you have to keep the good ones. The hard part isn't finding them, it is actually buying them (because they usually appear to be too expensive), and even more so, not selling for a great profit that turns out to be a fraction of what you could have earned if you had held.

[@prashmohansoni]

Making indians proud

[@Chryosoar]

Huge shame it's not possible to invest in Turkey from Australia

[@jakewelford]

I spent hours looking through Indian stocks only to find UK investors aren't able to buy Indian stocks. Shame as found some interesting companies at low PE

[@aristark559]

Monish said in many interviews before, Liquidationvalue of Reysas is more than 1 Billion USD. In this presentationen, his liquidationvalue of Reysas is around 440millionen (because at 440million of liquidation value, it reaches the 250million of his portfolio) - so what is the intrinsic value? its a huge gap

[@vidya014]

MagicPEG

[@LeveragedFinance]

Those same 3x premium insurance bets will be Berkshires only way of downfall

[@LeveragedFinance]

How did they agree to 800mn to cover 2bln that's not worth it

[@christopherfairhurst978]

First 🙌🏻

[@jeremynewell9903]

Many of the "wagons" demonstrate the need to get in on the ground floor.

[@christopherstewart9874]

But most weren't. Most had been public for a long time.

[@IIIlIllIllllII]

Mohnish Pabrai without talking about Reysas, is not Mohnish Pabrai.

[@royaldinesh61]

Bro you skipped the most important answer to the question "difference between 2 approaches that buying at low pe and selling at peak high VS buying and holding great businesses "that is the crux of the seminar I think you ignored it intentionally 😂😂

[@Commando303X]

The jump-cuts might seem like a good idea - and, for an audio-only recording, they indeed may help flow; but, for a video segment, they are nothing more than immensely jarring and unpleasant.

[@ajitshah198]

One signal road town.😅

[@kulakarnia]

👆The concept is the same , the same lesson we can implement for our life ( middle class) itself. we're all can protect ourselves and families around with some circle of wagons ( pure term insurance, health insurance, hard assets, liquid assets, children education savings, emergency funds, and retirement funds ).

[@theYoutubeHandle]

why don't you ask your buddy warren buffett and charlie munger what you are supposed to do?

[@IndianRasoiByPoonam]

Great sir

[@ajitshah198]

One signal road town.😅