Mohnish Pabrai on Cloning & Compounding | #495

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 16 August 2023

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s guest is Mohnish Pabrai, founder and Managing Partner of the Pabrai Investments Funds, which he started in 1999 and has since built an incredible track record. In today’s episode, Mohnish talks about his love for bridge, what his friend Warren Buffett’s online bridge name is, his philanthropic endeavors, opportunities he sees in Turkey and India, and what he would do with the Apple position today if he was running Berkshire Hathaway. (0:39) - Sponsor: YCharts (1:26) - Intro (2:00) - Episode begins (5:57) - Mohnish’s educational background (11:37) - Revived love for Bridge (18:00) - The magic of compounding (24:57) - Dakshana provides intense prep for competitive exams to underprivileged kids (38:54) - Investing long-term in high-conviction bets regardless of error rates (42:51) - Think like a founder, hold onto investments long-term despite drawdowns (46:32) - If he worked at Berkshire, would he sell or hold Apple today? (48:53) - What interested Mohnish in Turkey & India? (1:02:45) - Which tech stocks would Bill Gates buy? (1:06:51) - Mohnish’s most memorable investment (1:11:57) - Narrow expertise depth, no need to know everything about everything ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription. (New clients only). Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Meep Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion
0:31.1	of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:39.6	Welcome, podcast friends.
0:40.6	We got a special episode today.
0:42.2	Our guest is Monish Perai, founder and managing partner of the
0:45.0	Pabry Investment Funds, which he started in 1999 and has since built an incredible track record.
0:51.2	In today's episode, Monish talks about his love for the card game bridge, what his friend Warren Buffett's online bridge name is, his philanthropic efforts, opportunity to seize and investing in far-flung places like Turkey and also India. and
1:05.0	what would he do with an apple position today if he was running Berkshire Hathaway.
1:10.0	This episode is brought to you by 10 East.
1:12.0	Long time listeners know I've invested in private markets quite a bit myself.
1:16.6	But with access to these markets broadening, it can be hard to know where to find
1:20.1	vetted high quality offerings. That's where Ten East comes in.
1:23.9	Ten East is a platform where qualified investors
1:26.2	can co-invest on a deal by deal basis
1:29.4	across private equity, private credit, real estate, venture,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Idea Farm, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Idea Farm and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.