Mohnish Pabrai’s Q&A session with students at The University of Georgia on November 18, 2021

University of Georgia | Host: Charlie Warren Oberman | November 18, 2021.
00:00:00 Introduction
00:01:58 Buffett: when he has his first stock tip, call me collect
00:03:40 Relationship with Warren Buffett and Charlie Munger
00:12:34 Circle of competence
00:15:09 Sources for Investment Ideas
00:17:00 Handling Underperformance
00:18:42 Leverage in Businesses
00:22:58 Micro vs. Macro
00:24:14 Avoiding Confirmation Bias
00:25:43 Identifying Moats
00:28:52 Evaluating Management
00:30:08 Investing as a Profession
00:32:07 Entrepreneur’s Advantage
00:33:43 Zero Fee Structure
00:35:36 Pre-investment checklist
00:39:09 Lessons from Failures
00:44:11 Calculating Intrinsic Value
00:47:59 Shameless Cloning.
00:49:40 Long-term compounders
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.

[@NewMoneyYouTube]

Mohnish, the internet thanks you for upgrading your mic. 😆

[@josephtuang9775]

😂

[@BobbySamsel]

Next up. Webcam

[@prateeksen]

😂😂

[@HuiChyr]

Yeah .. his last words in a sentence always disappear. Can't make what he was saying.

[@tuabenjamin]

haha yes indeed 🙏

[@quantifiedmarkets]

it's astonishing how the internet (KZbin in this instance) enables us to "access" the minds of such great thinkers. Thank you so much for sharing your thoughts, learnings and unique perspective Mr. Pabrai

[@Hawxxfan]

great wisdom every time from this man. btw, nobody asked about alibaba because this interview took place on Nov. 18th and all the student questions had to be submitted ahead of time.

[@zzd7ry]

Awesome learning session, would love an exclusive session where Mohnish talks about Warren and Charlie and their quirks! So happy I once worked for a company that made what YT is today!!

[@Mesozoic_mammal]

So what about BABA? On the one hand he says he does not want to discuss current positions on the other hand he has praised BABA for more than half a year now. Obviously people want to know why the position was massively reduced.

[@Motivation2Invest]

Here is why Mohnish Sold Alibaba: kzbin.info/www/bejne/fKKXpaZniNSHoKc , Enjoy 🤫

[@hichangkyu]

@@Motivation2Invest Short answer is you don't know and can only guess why. But thanks for spamming your channel.

[@mrgyani]

How nice are Warren and Charlie.. I am blown away by their humility.

[@FoleyFamilyLaw]

Thank you for this - so much value in this! Much appreciated!

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@luispaz6908]

Sweet new set up! Wonderful session. Thank you very much. 🙏🏼💪

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@InvestingwithTom]

MP back at it again!

[@BradKaellner]

New mic! You starting a podcast Mohnish?

[@MrPinoCavallo]

If he now invests a few bucks in a new webcam, there he is the new youtube star ;)

[@roypetith161]

Thankyou, so much value.

[@tymurmylosvietov4120]

Mohnish you're amazing! Both as teacher and as investor

[@webentwicklungmitrobinspan6935]

i have learned so much from your talks. your book suggestions is a great filter for books to read and i feel like every book is another homerun. thank you so much mohnish

[@vigneshmurali6196]

What are the books he suggested ?

[@webentwicklungmitrobinspan6935]

@@vigneshmurali6196 you can find lists of his book suggestions on his homepage.

[@introinvest3543]

Thanks. Very good interview

[@gszabo7464]

Thanks for the video

[@fabiopompeo9095]

Thank you so much Monish . Big hugs from Brasil 🇧🇷.

[@vcash1112]

Brazil rules....🤙

[@luqmanbabalola7978]

Great interview. Love from Africa.

[@edoardoRss]

Thank you, gifting to us your time is a great service

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@raunakmitra9973]

Why did you sell Alibaba?

[@Motivation2Invest]

Here is why Mohnish Pabrai Sold Alibaba: kzbin.info/www/bejne/fKKXpaZniNSHoKc , Enjoy 🤫

[@BhavinDhayani]

Does anyone know how to get the check list of 160-170 question that Mohnish has referred here at 37:37 minutes over this video?

[@kikolatulipe]

Thanks Monish for ur generosity!

[@Cheapguyrahul]

Awesome video sir

[@JustInvestToday]

thanks mohnish again, dam!!!

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@charlielim1179]

Wow… pre investment checklist 160 or 170 question is a lot. Good points to have checklist . I’m curious about your 160-170 question … 🤔🤓

[@BhavinDhayani]

Me too

[@supersonicej]

Thank you Mohnish!

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@gauti_]

54:00 , when he starts talking about IEX (INDIAN ENERGY ECHANGE).

[@brentarchibald7605]

Since I can’t afford the zoom call or the lunch with Mohnish on eBay this is the next best thing 😂

[@whatp-vw6kv]

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[@_cipriangg_]

Thank you!

[@whatp-vw6kv]

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[@georgeward3708]

Hey Mohnish, thank you for doing these interviews, I watch everyone. I know Warren lost 80-90% of his money in some Irish banks around the GFC. They were small investments but I thought you'd like to research a banking mistake of his (as he has so few).

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@martinlutherkingjr.5582]

Imagine if CNN and Fox News asked such great questions

[@yankeedoodle6293]

I even enjoyed the intro music 👍

[@ATSInvest]

Lets see if the Baba question pops up now that it is sold hehe

[@gehp5238]

Did it?

[@sajalchoudhary2]

Not till now.....I am at 40minutes

[@Motivation2Invest]

Here is why Mohnish Sold Alibaba: kzbin.info/www/bejne/fKKXpaZniNSHoKc , Enjoy 🤫

[@hurshvardhansingh953]

It's my lucky day 🥳🥳

[@danilodrocco9180]

Is there a chance to do a interview with SAA- School of Management in Turin? It’s the first American business school in Italy

[@navinbkk]

Thank you very much for your experience shared with us Monish sir.. it is very insightful indeed... Is it possible for you to share the investment checklist that you have talked about in the video Sir ? We would be very grateful if you can 🙂

[@JaiiDesaii]

I believe you said in earlier videos you sold IEX before the run up. Also additionally latest quarterly shareholding pattern doesn’t show Pabrai Investments. Did your fund reduce holding below 1% in IEX?

[@satyendra0205]

As per my understanding, sometimes big people dont work alone they work with group of people. I think this can be the reason the share price is surged 3x in a year.

[@kiranvrao9714]

ThANKS

[@amirjon]

What is the general consensus on financing deprecating assets (cars)? Was curious what your thoughts are and why Mohnish suggests it. Thanks

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@hiteshvevo]

Some information was cut at 64.35 :/

[@davidcob4333]

Feel free to contact on «WhatsApp>for trading informations and strategies

[@Random.Adventures.]

Any thoughts on your Baba investment?

[@arpanpatel2371]

Sir i am live in atlanta and I would like to meet to you ! I miss that , so which state i can come sir

[@mehdan5618]

My Pabrai thanks a lot for the wit and wisdom. Bty, I think u should check your Mic, the sound quality has ups and downs

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@kikolatulipe]

Hu guys , what is the exact name for American power company !?

[@dhireshparab5190]

I have one small doubt, inspite of the fact that Mr pabrai is not comfortable investing in in banks, nbfcs and financial institutions, why such a huge bet on edelweiss finance in india, worth giving a thought for cloning.

[@chrishung7582]

00:28:52 track record of management, what did they say 5 years ago, did they competent / overdelivered ?

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@ConvergenceTrader]

Love from Bihar, India ❤

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@santanubhatt78]

Awesome and great learning Mohnish . There is something mentioned Ddaroma - I did not quite get that , Request to mention where I can get the top holdings of top investors

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@EverythingMoney]

Great interview! I really like this video. - Timo

[@sven4880]

100% sounds like you never watched the video lol

[@tuabenjamin]

@@sven4880 lol agreed. Almost like he wants us to click on his channel. Hard pass. 🥱

[@JaiiDesaii]

I’m confused and asking coz I’m in dilemma that did you sell coz it got overvalued & regret it (as you said I believe in one of earlier videos) or you changed your thesis on IEX….

[@V.E.D.A.N.G]

You holding IEX

[@Sjindal0126]

Would like to know more about his reasoning for investing in edelweiss financials. If anyone could ask about the same in the next session

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@vigchand8849]

One point I would disagree with Monish is on having debt on depreciating assets. I agree on everything else, margin debt stupid, options trading is dangerous

[@harrycheverlyinvesting7737]

What’s your reason for not financing depreciating assets ?

[@mariov767]

Totally Agree - don’t see logic on that comment too

[@Schecterbaby]

Thank you for sharing these fruitful conversations, Mohnish. However what I feel this community really needs is a mustache tutorial.

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@sunilhpatel]

I like listening to your sessions, it is so inspiring, I just hope I had found you 25-30 years ago, I am 53 so I am so late to start, but would like to give the same advice to my daughter aged 21. Any help advice would be greatly appreciated. When are coming to Leicester, UK. Thank you

[@k.h.6991]

I'm not pabrai, obviously. But the main advice I'd give is to watch the ramsey show. Then, if you're financially healthy, investment advice becomes relevant.

[@derkmerv6725]

Check out David Sinclair and NMN

[@gurkamalkanwar5776]

Can someone ask MOhnish how a retail investor from Australia buys stocks in Turkey ? I haven't figured it out. :)

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@Unknown-ii7iw]

the iex part is cut off 😅

[@nunofreitas8838]

If you only copy others you'll never outperform others ;) but possibly will have good returns long periods!

[@malaikallanmayavi9153]

Thanks for the great video. I am a filmmaker from Australia. I want to fund my own film. How can I create a fund with an investment? Thank you.

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@WorldPlaysAll]

Sir can you please improve video quality धन्यवाद आपका दिन शुभ हो

[@gilbrennan8867]

I like your Gogia Pasha plaque. I've heard he was the original Gilly Gilly Man. My name is Gil and my friends call me Gilly. Thought that was funny.

[@aristark559]

which indian company is he talking about?

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@RAGEBJK]

Reysas lojistik in içinden geçtiniz durmuşla beraber 👏👏👏

[@hasankothiwala4974]

Pabrai why did u sell $BABA come on my guy

[@MADMAX7330]

Clemson Tigers for the win!!

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@ManOfSteel1]

I was expecting something on turkey

[@AuditorInvestor]

Mohnish is so damn funny - caught myself chuckling multiple times during this.

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@WillsThoughts]

lol name of the host... charlie warren

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@vcash1112]

Monish needs to invest into a new camera.... Looks like he's using dial up internet.🤪😃😆

[@englishi5799]

GIGL Se Mom kon aaya h yaha

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand 🖕

[@Motivation2Invest]

Here is why Mohnish Sold Alibaba: kzbin.info/www/bejne/fKKXpaZniNSHoKc , Enjoy 🤫

[@whatp-vw6kv]

Tex me back for more knowledge and experience skills and understand📷📷▶️

[@c2225]

5x is less than sp500 😂

[@buckyfanksy]

So weird to be named Charlie Warren wtf, how is that cute. What if i name my kid Michael Jackson van Damme Schwarzenegger, nothing wrong with that. Or even XAE...oh wait

[@amirjon]

Lol. So good.

[@heals630]

Quote of the video...."If you see a cow that is HUGE, you don't need to know to it's weight to know if it's BIG & FAT."

[@ManOfSteel1]

how unfortunate to have someone else's name rathar than a meaningful one.