Chai with Pabrai

Mohnish Pabrai's Interview with Knowledge Inside podcast on August 19, 2026 - Episode 2.

(00:00:00) - Introduction (00:01:54) - My journey in investing; Introduction to Warren Buffett (00:05:07) - Starting small in investing; The rule of 72 (00:08:08) - Spend less than you earn! (00:09:23) - My father's entrepreneurial skills; Early advantage for starting my businesses (00:14:37) - Entrepreneurs don't take risks (00:17:09) - Take calculated risks; Jeff Bezos & Amazon (00:19:06) - Learnings from Charlie Munger & Warren Buffett; Consistency & Equality of humanity (00:22:48) - Success is happiness (00:23:36) - The Dakshana Foundation; a mathematical game (00:27:39) - Find your passion early in life; My owner's manual The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Mohnish Pabrai's Interview with Knowledge Inside podcast on August 19, 2026 - Episode 1.

(00:00:00) - Introduction (00:01:41) - BCD Tofu House (00:03:09) - Advancement in South Korea (00:04:33) - Spend less than you earn! (00:05:57) - Memory businesses: Samsung, SK Hynix & Micron (00:10:08) - Micron vs. SK Hynix (00:12:19) - The declining population of South Korea; Hyundai (00:14:50) - Investing in S&P vs. Berkshire Hathaway (00:17:47) - My investment checklist; Leverage, Business moats & Management teams (00:20:18) - Hyundai vs. MasterCard (00:22:26) - Investing in Turkey; Reysas (00:26:16) - When to sell a stock; Nifty-50 in 1960s-70s: Walmart (00:31:55) - IKEA (00:35:46) - Recognise the anomaly; Burger King (00:41:42) - Impact of AI (00:42:42) - Discovering Reysas (00:46:32) - Buffett's investment in American Express in Apple (00:54:26) - Yong Ping Duan: Founder of Oppo & Vivo (00:56:41) - Rick Guerin; Leverage (00:58:18) - Avoid leverage and chasing other's dreams (01:00:21) - Learning from my mistakes; Ferrari

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Mohnish Pabrai's Session with Copenhagen Business School Investment Club on August 25, 2026.

(00:00:00) - Introduction (00:01:43) - Checklist for an aspiring fund manager (00:03:00) - Evaluating the company's management team (00:03:56) - Micron; Oligopolistic market situations; Coke & Pepsi (00:08:31) - The 1973-74 Nifty-Fifty crash; Walmart & The Walton Family (00:13:57) - Investing in Turkey; Reysas (00:24:33) - Kaspi (00:29:00) - Portfolio concentration; The Walton Family & Bentonville, Arkansas (00:32:59) - Constellation Software Services (00:34:12) - Reysas Logistics & Reysas REIT (00:39:15) - Do your own analysis; Jeff Bezos and Amazon (00:43:45) - Learning from Charlie Munger The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Mohnish Pabrai's Interview with Brandon van der Kolk at New Money on July 21, 2026.

(00:00:00) - Introduction (00:00:35) - Investing in Berkshire Hathaway Class B shares (00:03:02) - Berkshire Hathaway: Handling a trillion-dollar portfolio (00:06:19) - Berkshire's investment in Google (00:09:36) - The gold rush: Memory businesses; Micron (00:12:36) - Kaspi (00:16:19) - Your deepest desire is your destiny; Finding stocks on Value Investors Club (00:22:15) - Invest in your highest conviction bets (00:25:50) - How to decide about investing in a stock; Adobe vs. Kaspi (00:28:44) - SpaceX; Elon Musk (00:32:54) - The too hard pile (00:35:59) - Evaluating the management; NVR (00:39:55) - Focus: The most important mental model (00:41:20) - When to exit from a position; Impact of business moats The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Professor Jiang Guohua's Students "Compounding with the Spawners"

(00:00:00) - Introduction

(00:04:41) - Choices for an investor

(00:09:58) - The Path to Multi-Baggers

(00:13:35) - Spawners

(00:30:40) - The $50 Billion Rule

(00:33:57) - Pabrai Spawning rules

(00:36:46) - Set it and forget it

(00:42:58) - Conglomerates vs. Spawners in Emerging Markets

(00:43:52) - Fake Spawners

(01:06:27) - Core traits of Spawners

(01:19:12) - CMGI

(01:22:54) - When wealth is lost

(01:25:24) - Costco; Seritage

(01:29:18) - Entrepreneur's Advantage

(01:33:07) - Leverage and Debt

NUS MBA Finance Club, NUS Business School January 19, 2022

(00:00:00) - Introduction

(00:02:43) - Captive Finance Company

(00:13:38) - Funeral Business

(00:22:49) - Investment in IPSCO

(00:26:53) - High Uncertainty, Low risk; High returns

(00:27:32) - Silicon Valley Bank

(00:34:46) - Power of compounding

(00:36:01) - Value investing is not dead

(00:38:30) - Investing as treasure hunt

(00:42:58) - Lessons from Warren Buffett

(00:45:43) - Investment in Alibaba and China

(00:48:28) - Chuck Akre; 3-legged stool

Mohnish Pabrai's Q&A Session on Value Investing with Narsee Monjee Institute of Management Studies, Mumbai on June 16, 2022.

(00:00:00) - Introduction

(00:02:00) - Approaches to Value Investing

(00:05:07) - The Multibaggers approach

(00:08:54) - McDonald's 60+ years of compounding

(00:15:50) - Chuck Akre's Three-Legged Stool

(00:16:49) - Global Multibaggers

(00:21:11) - Choose your focus

(00:36:29) - Is Value Investing dead now?

(00:49:18) - Venture Capital Investing vs. Public Equities

(00:54:01) - Passive Index Investing

(01:00:07) - Handling Drawdowns

Prof. Jiang Guohua's Value Investing Course

"The Quest for 10-100 Baggers"

Few Bets. Big Bets. Infrequent Bets.

In his talk at the University of California at Irvine's Paul Merage School of Business, Mohnish discusses five decisions by Warren Buffett and Charlie Munger over a 20-year period (1968 – 1988) that moved the needle for Berkshire. Mohnish also talks about some of the intense difficulties that Warren Buffett and Charlie Munger faced along the way. No pain, no gain!

(00:00:00) - Introduction

(00:02:16) - S & H Green Stamps

(00:04:02) - Blue Chip Stamps

(00:09:44) - Diversified Retailing

(00:11:03) - See's Candy

(00:11:56) - Buffalo News

(00:14:30) - Wesco Financial and Freddie Mac

(00:18:08) - Wheeler Munger Partnership

(00:23:03) - Tenneco Stock

(00:26:30) - Difference in Pabrai Funds and Dhandho

(00:28:14) - Patience is like law of physics in investment

(00:31:16) - Few Bets, Big Bets, Infrequent Bets

(00:42:28) - Compounding is the 8th wonder of the world

(00:43:33) - Investing is for those who love to watch paint dry

(00:46:43) - Time spent on analysing a company's product and services

(00:50:52) - Philanthropic efforts; Dakshana Foundation

(00:55:00) - Principles of value investing on diversified businesses

(00:58:36) - Portfolio Diversification

(01:01:03) - Work life balance

(01:04:07) - Mental Models

(01:07:44) - Investment in Chinese market and Circle of competence

(01:09:46) - High uncertainty and high risk

(01:16:55) - Extreme patience with extreme decisiveness

(01:18:25) - How to network to get investment ideas

(01:21:55) - Leverage

(01:29:16) - Auto insurance

(01:38:05) - South Korea market

Mohnish Pabrai's Talk with Shaan Puri at the My First Million podcast on March 27, 2025.

(00:00:00) - Introduction (00:00:28) - Why the small investor has an advantage (00:02:51) - Investing $10K to make $1 Million (00:08:16) - Frontline (00:17:13) - Berkshire's 12 great decisions in 58 years (00:18:34) - Buffett's selection process: Moody's Manual (00:23:38) - Value Investor's Club (00:27:33) - The Japan Company Handbook (00:28:46) - Berkshire's investment in Japan (00:36:13) - Thou shall not use Excel (00:40:26) - Leverage: Rick Guerin (00:49:00) - Do not cut the flowers to water the weeds (00:51:21) - Costco (00:56:38) - My interactions with Charlie Munger & Warren Buffett (00:58:23) - Risk vs. Uncertainty (01:00:16) - Coca-Cola Icecek (01:01:42) - Warren's "Too Hard Pile" (01:03:01) - Circle of Competence: John Arrillaga (01:07:03) - Sam Walton: Walmart and Sol Price (01:12:18) - A power nap is good for productivity (01:15:39) - My owner's manual (01:21:52) - The Dakshana Foundation: A mathematical game (01:23:53) - Super 30: Model cloned by Dakshana (01:28:53) - Large inheritances cause more harm than good (01:31:35) - Mohnish's Blackjack System (01:37:46) - Michael Burry (01:41:21) - Rakesh Jhunjhunwala: Titan Industries (01:44:26) - Starting early to lengthen your runway (01:47:02) - Macroeconomic factors (01:47:37) - AI in investing The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.