Value Investing, Great Compounders, and Lessons from Buffett and Munger on January 5, 2022
01/10/23 • 54 min
The Wall Street Lab Podcast
Interviewer: Andreas von Hirschhausen
January 5, 2022
(00:00:00) - Introduction
(00:01:07) - Dhandho meaning
(00:02:22) - The story of Patels
(00:04:50) - Mohnish’s Journey as an Investor
(00:09:55) - Difference between Great Compounder and Growth Stock
(00:13:09) - Studying Businesses
(00:22:25) - Learning from mistakes
(00:28:35) - Chinese Market and Investment
(00:32:02) - Venture Capital Business
(00:37:21) - Value Investing
(00:40:42) - Investor should be like watching paint dry
(00:45:40) - Deepest Desire is your Destiny
The Wall Street Lab Podcast
Interviewer: Andreas von Hirschhausen
January 5, 2022
(00:00:00) - Introduction
(00:01:07) - Dhandho meaning
(00:02:22) - The story of Patels
(00:04:50) - Mohnish’s Journey as an Investor
(00:09:55) - Difference between Great Compounder and Growth Stock
(00:13:09) - Studying Businesses
(00:22:25) - Learning from mistakes
(00:28:35) - Chinese Market and Investment
(00:32:02) - Venture Capital Business
(00:37:21) - Value Investing
(00:40:42) - Investor should be like watching paint dry
(00:45:40) - Deepest Desire is your Destiny
Previous Episode
Mohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on Nov 29, 2022
Mohnish Pabrai's Speaker Event with Helvetian Investment Club at St. Gallen University on November 29, 2022
(00:00:00) - Introduction (00:01:30) - Satyam Computer Services (00:08:01) - Asymmetry mental model (00:16:29) - Thou shall not have an investing team (00:18:46) - Asymmetry mental model Part 2 (00:20:34) - Equities vs. other asset classes (00:23:30) - Asymmetry mental model Part 3 (00:32:40) - Power vs. Force (00:35:50) - Present education system (00:39:20) - Rakesh Jhunjhunwala's journey (00:41:22) - Jack Nicholson: "You can't handle the truth" (00:42:07) - Walton Family & their Walmart ownership (00:42:38) - Amazon (00:43:24) - Crisil (00:47:36) - Career advice in investing (00:51:31) - Don’t try to learn too much from your mistakes
Next Episode
Mohnish Pabrai Lecture at Harvard University - April 7, 2020
Business Analysis and Valuation Course Professor Andrew Sandoe, Harvard University April 7, 2020
(00:00:00) - Introduction
(00:04:40) - Purchase of Stonetrust Insurance
(00:8:30) - Insurance Business Model
(00:11:05) - Sale of Stonetrust Insurance
(00:22:47) - Valuing an Insurance company
(00:25:12) - Being a harsh grader
(00:30:40) - Circle of Competence
(00:42:03) - Start early with investing
(00:55:48) - Improving your Circle of Competence
(01:02:58) - Learnings from investment mistakes
(01:09:54) - Value Investment Categories
(01:29:16) - Probability estimation for outcomes
(01:34:28) - Philip Fisher’s Scuttlebutt method
(01:37:10) - Munger’s advice on sharing Investment ideas
(01:42:20) - Human response to Economy
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