TIP719: Investing and Life Lessons w/ Mohnish Pabrai

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

Hardblock

AnchorWatch

Unchained

Vanta

Human Rights Foundation

Fundrise

reMarkable

Onramp

Netsuite

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!

Support our show by becoming a premium member!

https://premium.theinvestorspodcast.com/

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm