TIP628: The Inner Scorecard w/ Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 5 May 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $12.51 vs. $4.72 for the S&P500. In the interview, Mohnish Pabrai discusses his approach to a congruent life. Disclaimer: Stig Brodersen is invested in Pabrai Funds. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 10:14 - Which decisions Mohnish Pabrai made to improve his happiness. 15:06 - How to use the Buffett system to grade people. 26:02 - Why Mohnish likes to play bridge more than poker. 31:06 - Which principles Mohnish lives by. 38:58 - How Buffett and Mohnish (do not) take notes. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Mohnish Pabrai’s website. Learn more about Mohnish Pabrai’s Dakshana Foundation. Our interviews with Mohnish Pabrai about Masterclass Investing | YouTube Video. Our interviews with Mohnish Pabrai about investing in stocks | YouTube Video. Our interviews with Mohnish Pabrai about value investing and philanthropy | YouTube Video. Our interviews with Mohnish Pabrai about value investing | YouTube Video. Our interviews with Mohnish Pabrai about value investing in 2021 | YouTube Video. Our interview with William Green about Mohnish Pabrai and much more | YouTube Video. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Every year during the Berkshire weekend, we are publishing our episode with the legendary
0:07.2	investor, Manish Popry.
0:09.4	This year is no exception.
0:11.0	Monish's flagship fund has returned 11.7% annualized since reception in 1999.
0:18.0	That is 4% is point more than the S&P 500.
0:21.2	One dollar invested would have returned $12.51 compared to $4.72 for the S&P 500.
0:29.1	This episode will be a little different than our previous conversations. Our main topic is about living a congruent life and how to be aligned with your inner scorecard.
0:37.5	So without further delay, I bring you Manis Pavrai. Pabrai. Celebrating 10 years and more than 150 million downloads.
0:49.1	You are listening to the Investors Podcast Network.
0:51.9	Since 2014, we studied the financial markets and read the books
0:55.6	that influence self-made billionaires the most. We keep you informed and prepared for
1:00.4	the unexpected. Now for your host, Stick Broderson and today we couldn't be in
1:18.6	better company. Moniz Popry has joined us for a conversation about life and investing.
1:24.1	Maniz, how are you today?
1:26.1	I'm doing great. It's a beautiful day in Austin and in a few weeks will be in Omaha so it's wonderful.
1:35.0	I've had the privilege I should say of interviewing you a lot of times and it's always been a lot of fun.
1:41.0	And one of the wonderful things about getting the opportunity to interview you is that I go through
1:46.8	all of your interviews over the past year.
1:48.6	So on the YouTube channel there might be another 30 videos, whatever, over the past year. and I gave myself this challenge to you know
1:55.7	whenever you go to a concert and the artist wants to play his like newest songs
2:00.6	but everyone else wants him to play greatest hits you know so I'm
	...

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