TIP719: Investing and Life Lessons w/ Mohnish Pabrai 6u5w3a

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its...

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 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
Clay and a select group of ionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠here⁠⁠.
the exclusive ⁠⁠TIP Mastermind Community⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community .
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.
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