Mohnish Pabrai on Cloning & Compounding | #495

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

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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. 

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