Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023

Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023.
00:00:00 Introduction
00:02:46 The Manhattan deal by American Indians in 1626
00:07:40 Compounding: Eighth wonder of the world
00:08:12 Queen Isabella's funding of Columbus discovery of America
00:11:33 My daughter's introduction to compounding
00:15:15 Factors of compounding
00:20:56 Never interrupt compounding unnecessarily
00:25:13 Large inheritances do more harm than good
00:28:15 Chuck Feeney: The Billionaire Who Wasn’t
00:33:44 My journey of investing
00:40:24 Berkshire's Twelve great decisions
00:43:17 Entrepreneurship vs. Investing
00:45:27 Owner's Manual
00:50:42 Index investing
00:54:06 Reysas
01:00:20 Handling macro risks
01:01:13 Understanding a business
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[@ShotgunEric]

Always amazing information Mohnish! 🔥

[@JustInvestToday]

Great way to start the morning!

[@anonymous-ki3mn]

Thank u sir keep uploading

[@Mrprimatedude_]

Thank you

[@Historyteacheraz]

When Mohnish speaks I listen! A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great book for new investors.

[@ReflectionOcean]

- Understand the power of compounding and use the "rule of 72" to estimate investment doubling periods (02:49). - Invest in simple, understandable businesses (12:53). - Consider the benefits of index funds for a hands-off, long-term investment strategy (21:05). - Avoid interrupting compounding unnecessarily and keep a modest lifestyle to maximize savings (23:29). - Start investing early to take advantage of a longer compounding runway (24:18). - When transitioning from business operations to investing, ensure it aligns with personal preferences and strengths (34:04). - Look for investment opportunities in markets with irrational behavior for potential high returns (54:53).

[@abhishekiyer05]

Interesting the previous version had comments on his coal investments

[@RupamSardar-lg5bs]

Please allow to download it

[@paultweedley2026]

There's alot to be said about '(you can't take it with you )' , you can have a tragedy in life and die in an accident or cancer or violent death, there's not always a long runway! Key is to enjoy life and invest if you can, be aware of compounding sure.

[@kheroyalmarshalmurmu1523]

I'm your big fan sir❤

[@interests1094]

I am investing in a small company. All stocks are risk it really is. With luck you could get multi multi gains. It’s amazing the amount of cash that flows into markets.

[@SURINDERSINGH-fn5xz]

Monish Pabrai , since of an Indian origin, should well understand mati ka hai putla mati mein mil jayega then why sweat so much, be content always & be giving all the time, this lone act will ensure that your money will compound, of course one has to have a spiritual bent of mind to ustand all this. May God bless all.

[@alverzenongkhlaw5688]

I'll never ill speak of guru Monish..He is an exception...pnly those that understand earn it,the rest pays.😮😮😮

[@OliSGM]

Every child in high school should be shown this video

[@community1854]

Superb question: why do u want ur grand kids to be trust fund kids? Kids should not get a lot of money! Good u limited the gift!

[@ashishmantri3684]

Is this again loaded or something

[@aristark559]

@@Rahu5457 yes, what do you think why? because he wants to have an advantage? or because he made a mistake?

[@ashishmantri3684]

@@Rahu5457 oh

[@ashishmantri3684]

@@aristark559 oh I actually downloaded ,did he say about his coal investment previously

[@joaobastos8228]

@@aristark559 most likely said something he couldn't say to the public due to legalities

[@aristark559]

@@joaobastos8228 he said " we will make more on coal than we made in turkey" - how to interpret his action with this background?

[@ukwired08]

I had to hit dislike on this video... this is my second time watching it, and I hate all the 'cuts' that are being made in the video - as if the audience for the video has a short attention span and needs cut (i.e. like on TikTok). Aside from the content that's been omitted from this version, I much preferred if this video had no cuts... The cuts in this version are distracting from the content...

[@sidd5711]

I’m pretty sure he cut out the part where he discusses his recent coal investments

[@ukwired08]

​@@sidd5711He did, but to me it seems like he also added cuts to all of the 'blank spaces' and 'pauses' in the video. It's really distracting...

[@aristark559]

@@sidd5711 why do you think he did that cut on his investment?

[@sidd5711]

@@aristark559 maybe SEC rules or maybe he didn’t want the heat that comes with investing in coal.

Cry about it 😂

[@kiranvrao9714]

Thank you