Asking a Billionaire Investor How to Turn $10,000 into $1M ft. Mohnish Pabrai

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

🗓️ 9 May 2025

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 705: Shaan Puri ( https://x.com/ShaanVP ) sits down with Mohnish Pabrai ( https://x.com/MohnishPabrai ) about how to turn $10K into $1M. Show Notes: (0:00) Simple = Genius (28:00) Never over-leverage (30:30) Risk vs uncertainty (33:00) Too hard pile (35:30) Be 1 inch wide, 1 mile deep (39:00) Learn from losers (43:30) A case for napping (48:00) Having an owner’s manual (53:00) Dying with zero (1:10:00) India’s Greatest Investor — Links: • Want to invest like a Billionaire? Get Mohnish's investment playbook: https://clickhubspot.com/mnp • Value Investors Club - https://www.valueinvestorsclub.com/ • Japan Company Handbook - https://tinyurl.com/489czpkp • Dakshana - https://www.dakshana.org/ • BJ21 - https://bj21.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	How would I take 10K and turn it into a million?
0:02.5	What we're looking for is something that hits you in the head with like a 2x4.
0:07.5	We don't need to know many things about many things.
0:11.5	We need to know a lot about a little.
0:14.0	Why do you think most people don't do that?
0:15.5	Buffett always says,
0:17.0	the most important question to ask is, and then what?
0:21.6	Does he use Excel?
0:22.6	Warren wouldn't be caught dead using Excel.
0:25.6	Usually the best ideas when you finally figure that now, they're very simple.
0:29.6	You should be able to explain your thesis of a stock in about four or five sentences to a 10-year-old.
0:35.6	Where do you even know where to look?
0:39.2	I'm going to lay it out for you.
0:41.1	It's going to be so easy.
0:44.4	All someone has to do is... I feel like I can rule the world.
0:46.7	I know I could be what I want to.
0:49.6	I put my all in it like no days off.
0:52.2	On a road, let's travel, never looking back. Okay, here we go. Anish, welcome back, round two.
0:57.0	Sean, it's always a pleasure.
0:59.0	So let's play a game.
1:01.0	You're my coach, you're my investing coach, let's say, and I have $10,000.
1:05.0	And I want to turn it into a million, right?
	...

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