TIP719: Investing and Life Lessons w/ Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 4 May 2025

⏱️ 75 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 $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:36 - How stock investors can truly think like the owners of the business 10:09 - Which advice would Mohnish give to himself at ages 40 and 50 20:48 - Why you should learn from your mistakes, but not too much 33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game 35:41 - Why you need to work with the fewest possible variables in philanthropy 51:30 - How to look at an “execution moat” 1:00:59 - Why Stig thinks that Mohnish is over diversified Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠here⁠⁠. 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 The Inner Scorecard. Our interviews with Mohnish Pabrai about Masterclass Investing. Our interviews with Mohnish Pabrai about investing in stocks. Our interviews with Mohnish Pabrai about value investing and philanthropy. 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? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠The Intrinsic Value Newsletter⁠⁠. Check out our ⁠⁠We Study Billionaires Starter Packs⁠⁠. Follow our official social media accounts: ⁠⁠X (Twitter)⁠⁠ | ⁠⁠LinkedIn⁠⁠ | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠TikTok⁠⁠. 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. Learn how to better start, manage, and grow your business with the ⁠⁠best business podcasts⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠sponsors⁠⁠: ⁠SimpleMining⁠ ⁠AnchorWatch⁠ ⁠Found⁠ ⁠DeleteMe⁠ ⁠Fundrise⁠ ⁠Vanta⁠ ⁠The Bitcoin Way⁠ ⁠Indeed⁠ ⁠Shopify⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠rating and review⁠⁠ on ⁠⁠Spotify⁠⁠! 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	Since 2014, we have interviewed the best investors.
0:07.2	Still, it's a special occasion when we welcome Munche Pop Rai once a year who's playing
0:12.8	in his own league.
0:14.6	In this episode, Moneys is enriching us with his framework on how to play the game of
0:18.5	accumulating capital, how to give it away, and
0:21.1	the life lessons learned along the way. If you, like me, have watched hundreds of videos
0:26.0	with Munch, you're in for a different type of conversation with quite a few untold stories.
0:30.9	Fuller-sclamer, I'm invested in Parai Funds, and with that said, let's go.
0:39.0	Since 2014 and through more than 180 million downloads,
0:43.4	we've studied the financial markets and read the books that influence self-made billionaires the most.
0:48.9	We keep you informed and prepared for the unexpected.
0:52.2	Now for your host, Stig Broderson.
1:03.8	Welcome to the Investorses podcast.
1:06.2	I'm your host, Dick Broderson,
1:07.9	and perhaps whenever you tune into this,
1:11.7	you might be in Omaha.
1:15.4	Perhaps you're walking from the annual meeting and you're going to the old market.
1:19.2	Perhaps you're hanging out in the lobby at the Marriott downtown, the capital district,
1:20.9	just to let serendivity happen.
1:26.7	It's the woodstock of capitalism, and who could ask for a better guess than you, Manish.
1:29.9	Thank you for making time here prior to this special weekend.
	...

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