Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University - March 4, 2021

[@loocheek]

“What’s the point of being independently wealthy if you can’t do things your way?” ~ Mohnish Pabrai

[@benjaminb4056]

The analogy of the theatre on fire was the best investing analogy ive ever heard! Thank you so much.

[@RearViEwmirror-3]

Who is this Lee is being spoken about? Can somebody pls guide. TIA.

[@NK-mr3rh]

@@RearViEwmirror-3 Li Lu

[@LearningWithAnishSrinivas]

We are getting a talk a week now, this is amazing. Thank you Mohnish.

[@Neil.Denize]

Your on a roll this year Mohnish, I have been getting a ton of value from these chats.

[@loveanimals-0197]

What a load of BS.

[@Neil.Denize]

@@loveanimals-0197 what is it you don't like about these chats mate? I think they are great.

[@andrewmeyer1224]

@@Neil.Denize He's probably long GME, Bitcoin and Tesla.

[@Neil.Denize]

​@@andrewmeyer1224 Hahaha, your probably right mate

[@emmanuelwinans329]

@@andrewmeyer1224 what’s wrong with being long Tesla if u plan on holding it for 20+ years? Dollar cost average it?

[@cjwilso]

Thank you, Mohnish! We love these talks.

[@scottdawson9987]

Absolutely love every video Monish does, just awesome. The theater fire example was perfect!

[@vigeendharan8502]

Biggest investment mistakes by great investors : 1. leverage 2. misunderstanding of Moat 3. mgmt issues

[@randomsitisee7113]

Very informative. His investors can’t meet him but we can. Let that sink in.

[@Kasamish]

Great session, Mohnish. I know Warren Buffett wants to be remembered as a teacher. I hope you are too, because if you keep this type of sessions going I will be pointing at you as one of my most important influencers!

[@entrepreneurliberty9021]

Loved the way you explained the concept of "Theatres on Fire"!! Thank You sharing.

[@hassanamghar3031]

The best point of the lecture: Don't consider opening a fund if you can't even make yourself rich by investing.

[@AlmofidBdarija]

Always a great pleasure hearing your wisdom and learning from your experience. An addict of watching movies in theaters caught in fire.

[@thewarrenbuffettspreadsheet]

Some really great concepts in the talk. Let your winners run! Circle of competence No more than 10 stocks Find undervalued long term compounders. Will the company earn more in 5 years than now? Ignore macro. Focus on the business

[@dhariwalnaturals]

Please make one dedicated video on what should we read to get such an insights. Please recommend some books on accounting. I have read almost 6 or 7 books that you have marked as strongly recommended. I think I lack in accounting and in depth knowledge. Thank you Mohnish ji.

[@bradleyhope3652]

I am in Nirvana. So many valuable interviews lately. Thanks Mohnish!!!!!!

[@rajrsa]

Topics: Starting a fund Be a continuous learning machine All info is cumulative As you get older you'll get better unlike Basketball etc. Nic Sleep perspective Buying long term compounders Looking at international businesses - Seoul, Turkey etc. Best lessons come from the losers Pre-investment checklist - Leverage & misunderstanding the most & issues with management being the biggest cause of failures How to look for competitive advantage? You'd see it in the revenue, growth & cash flow. What are the prospects of the business? Is it growing? You should be independently wealthy before you manage money. If you're good, they (investors) will find you. Circle of competence Seritage Growth Properties - how stock market is like a theater Is the business getting better? As long as the business is doing well and the price is not extremely egregious, I'm doing nothing (holding) We should be comfortable with 95% in one stock. For eg: AMZN Portfolio sizing: personal accounts - 4-5, fund - 10 What's happening in markets is irrelevant. Not focused on the market. Just focused on individual businesses.

[@vigeendharan8502]

Thank you Mohnish !! a lot of thoughts for us to ponder over as we make our investment decisions :)

[@piyushjain9929]

Story and progress of Dakshana is amazing. One of the best examples of effective capital allocation

[@piyushjain9929]

Loved reading the AR!, fantastic YoY output with declining costs Or in simpler terms the RoCE is infinite here

[@espositojp]

Such a great talk and discussion Mohnish. I sincerely appreciate you sharing all your knowledge with the "value" investing community! Loved your answer and explanation on buying SRG! :)

[@lorenzmuller3542]

Well, he didn't say WHY he likes it in terms of the company, only in terms of the price.

[@jameswalker366]

Absolutely fascinating. The lesson using the McDonalds analogy aka ‘lead qualification for your idea customers’ is spot on. Quality over quantity.

[@dudebro97]

Can't tell if Mr. Collins is nervous or just a little under-prepared, but he sounds like a Lit 101 student interviewing Shakespeare...

[@franki01mail]

Thank you Mohnish for sharing all those experiences. That knowledge is very valuable.

[@BradKaellner]

First

[@drsagarrv]

I expected you here :)

[@PickingNuggets]

Best time of the month

[@BradKaellner]

@@PickingNuggets I hope this keeps up monthly! Pabrai has a lot more time now that he can just buy and hold forever 👏

[@gauravkaushik04]

Waiting for your takeaways video on this

[@cricbuzz1123]

Will wait for your dissection on this.

[@YAPSS]

Mohnish is on 🔥🔥🔥😆!

[@alexinvests]

Always learn something new when I watch you give these lectures.

[@thesuperfast1m]

Dakshana foundation is great Mohnish pabrai is great

[@mnckumar]

Mohnish i like the principles that you operate your portfolio on. Always I learn quite a lot watching your interview. I like the calmness and ease with which you answer questions.

[@Miata822]

I very much enjoyed this presentation. I am one of those principals you mention who built and sold a business. I am currently managing my own funds. While I enjoy doing that I find it quite stressful. I am being very cautious (less than half of my funds in equities). I am still concerned that the behavior I see from many investors is purely irrational and risks another crisis like those we have witnessed at roughly ten year increments. I don't like sitting on my hands but it does seem like a wise time to do that. I may contact you to see if there are any seats left in the theatre.

[@angiefan2481]

Great talk! It’s amazing how open Mr. Pabrai is. So many gems 💎 Can someone please explain how he has less than 30k subscribers?

[@ilkethegreat]

I love your talks sir!

[@liltunafish1471]

Great vid, thanks again Mr. Pabrai. Now whenever I see the big “M” I think Mohnish instead of McD

[@henriquetraeselengelmann9419]

I'm always looking for theaters on supposed fires, I can't help myself... 😅

[@Jayeshsandhu]

Thanks Monish, always look forward to watching you speak

[@chalapathikumaryarlagadda]

Time saver: 40:00 - THEATER ON FIRE

[@rajenderlather]

Great insights, I love every advice!! Thank you

[@pabdulhakkeem]

Mr. Monish , i know you are the early investor of IEX. Now IEX has grown large and more popular stock. IGX also upcoming subsidiary business . Huge runway . I wonder, you reduce your stack in the company. Did you get better option...

[@meganmcdonald5229]

Love this content

[@hungphutr]

30:00 asking question about how he attracted or kept new crops of investors

[@thesuperfast1m]

Great mohnish sir

[@yashmishra3385]

Thanks for enlightening us mohnishji!

[@npolitis4057]

Thanks Monish for great insight into investing as always

[@marcb934]

Never heard of the Buffett quote with Jesse Owens. Does someone has the source? It is a great quote.

[@novelentertainment5285]

If I remember correctly, He quoted in one his interview with college students with Bill gates!

[@sathyapranesh788]

Thanks for these upload mania's you are truly gr8 mohnish

[@investireocaminho33]

great

[@biswadebbhunya4999]

Thank you Mohnish sir..

[@qaisurrehman]

thanks for sharing you knowledge.

[@anonranger6428]

What about Bitcoin as an asset class? Buffet was late to technology, so he may not be your ideal god father here. I am invested in SRG, thanks to you.

[@krishsisodia]

Who is the green man behind Chris Matturi at 20:45 mins. Lmao 🤣🤣🤣

[@ims7865]

Great pieces of advice

[@Infinitewealthstrategy]

Great

[@warrenbuffettsuccess3355]

long-term thinking like an owner and everyone is asking what the market will do in the next 3 months. how useless.

[@vks7609]

You can only run out from the burning theatre if someone buys ur ticket, u can't just vacate the seat and run out. Seats have to be fully occupied at all times. 👌👌👌🙏🙏

[@adityashukla2132]

Charlie Munger's bust behind him.

[@RearViEwmirror-3]

Who is this Nicks Lee he is talking about?

[@samuelgoldberg3318]

Does anyone know what type of MBA class this is?

[@InvestingEducation]

Nice

[@grizz112]

Yes! More Pabrai wisdom. Today's a good day!

[@dhanaprashad8934]

20:42

[@bhuvnesh_kumar_meena9444]

ꪜꫀ𝘳ꪗ ꪀꪗᥴ....𝗠𝗼𝗵𝗻𝗶𝘀𝗵 𝘀𝗶𝗿 𝗴𝗿𝗲𝗮𝘁 ✌️✍️

[@parulu289]

Eventually the theater will burn. Lol Stick with the moat and sleep counting golden sheeps.

[@parulu289]

Srg is garbage no fundamentals. Makes no sense unless he is looking only at liquidation.

[@정주원-u1c]

The combative swan microbiologically nail because structure univariately clip astride a easy slime. quack, spotty theater