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

William & Mary College

October 26, 2021

(00:00:00) - Introduction

(00:02:16) - Learnings from Charlie Munger

(00:02:50) - Avoiding Self-pity

(00:07:12) - Investing 101

(00:08:31) - Buffett's investing punch card

(00:15:07) - Circle of competence

(00:16:06) - Recruiting

(00:18:35) - Learning from mistakes

(00:21:41) - Startup Tips

(00:23:55) - Leverage

(00:25:40) - Adventures with Tech Cominco

(00:36:01) - DCF Models

(00:39:45) - Investment 102

(00:42:18) - Stonetrust Insurance

(00:47:09) - Dakshana Foundation

(00:49:59) - Philanthropy, high risk and return

Mohnish Pabrai meets with members of the UCLA Student Investment Fund at the UCLA Anderson School of Management.

(00:00:00) - Introduction

(00:01:41) - Starting of Pabrai Funds

(00:12:43) - Change in Investment Philosophy over time

(00:31:18) - Sell-side research

(00:36:35) - Inner and Outer Map

Knowledge Speakers Series May 12, 2021

(00:00:00) - Introduction

(00:04:03) - Value vs Growth Investing

(00:29:23) - Investments in India

(00:38:25) - Learnings from Warren Buffett and Charlie Munger

(00:43:19) - Dakshana Foundation

(00:48:18) - Impact of COVID on businesses

(00:52:03) - Indian hotels business

(00:56:28) - What's a great business?

(00:58:17) - How to select Best Value Proposition?

(01:07:58) - Unicorns in India

(01:12:57) - Mohnish's schedule

(01:17:31) - Death and Rebirth business

(01:23:03) - India's growth and market

Distinguished Speaker Series Professor Arvind Navaratnam October 14, 2021

(00:00:00) - Introduction

(00:02:04) - Competition is For Losers, Peter Thiel

(00:08:25) - Rain Industries

(00:12:39) - Monopolistic business models, Amazon and Google

(00:17:14) - Redoing the Spaghetti code, AWS in business

(00:19:09) - A Whale only gets harpooned only when it surfaces, Warren Buffett

(00:20:00) - AWS, cloning by Microsoft and Google

(00:24:15) - Monopolistic characteristics of giant Chinese tech companies

(00:28:19) - Tencent (under)reporting style

(00:30:24) - Naspers business model, Koos Bekker

(00:40:58) - Better capital allocation by Amazon and Tencent

(00:43:37) - Tencent business model

(00:50:24) - The bazooka Model of Pony Ma

(00:57:33) - How I became a value investor

(01:02:22) - Chinese tech giants and political risk

(01:03:16) - Dakshana Foundation's Education Model

(01:09:01) - Evolution of my investing style

(01:12:58) - Mohnish's investing framework on start-ups

(01:17:31) - Ali Baba

(01:23:18) - Competence and edge

(01:24:54) - Change in Investment strategy due to Covid

(01:37:50) - Application of NLP (Natural Language Processing) in investing

(01:45:10) - Up and comers in the investment sector

(01:47:40) - Quality of Management

(01:50:29) - Book recommendations

Ramesh Damani (Chairman of Avenue Supermarts) and Mohnish Pabrai's Q&A session with Millennium Mams.' Millennium Mams' is a Kolkata-based non-profit organization dedicated to empowering women through financial literacy.

(00:00:00) - Introduction

(00:09:32) - Economic recovery post-Pandemic

(00:15:30) - My Heroes in Life

(00:23:28) - Learnings from Buffett and Munger

(00:27:48) - Li Lu's Journey

(00:35:48) - US-China Trade War

(00:41:40) - Will India benefit from the US-China Trade War?

(00:52:55) - Investment Opportunities post-COVID

(00:59:52) - Gold as an Investment Asset

(01:03:36) - Cryptocurrencies

(01:13:52) - Book Recommendations

(01:16:14) - Charity Lunch with Buffett

This event was sponsored by the LBS Investment Management Club and the LBS Indian Students Club

(00:00:00) - Introduction

(00:02:47) - Changes in our Economy post-COVID

(00:08:21) - Entrepreneur's Advantage

(00:15:11) - Advise to New Investors

(00:19:37) - Inner Scorecard

(00:24:09) - Evaluating Management

(00:30:42) - Investment in Graftech

(00:38:56) - Portfolio Construction

(00:43:46) - Mumbai Real Estate

(00:49:27) - Impact of Exchange Rate on Investments

(00:52:51) - Learnings from Nick Sleep

University of Georgia

Host: Charlie Warren Oberman

November 18, 2021

(00:00:00) - Introduction

(00:02:06) - Buffett: when he has his first stock tip, call me collect

(00:03:47) - Relationship with Warren Buffett and Charlie Munger

(00:12:41) - Circle of competence

(00:15:16) - Sources for Investment Ideas

(00:17:08) - Handling Underperformance

(00:18:49) - Leverage in Businesses

(00:23:05) - Micro vs. Macro

(00:24:21) - Avoiding Confirmation Bias

(00:25:51) - Identifying Moats

(00:29:00) - Evaluating Management

(00:30:16) - Investing as a Profession

(00:32:15) - Entrepreneur's Advantage

(00:33:49) - Zero Fee Structure

(00:35:42) - Pre-investment checklist

(00:39:12) - Lessons from Failures

(00:44:14) - Calculating Intrinsic Value

(00:48:03) - Shameless Cloning

(00:49:42) - Long-term compounders

Mohnish Pabrai speaks at the HBS Investment Conference on Sunday, April 3, 2022. It's an hour-long fireside chat moderated by an HBS professor. The Investment Conference is one of the biggest conferences arranged by HBS students each year. It is attended by 400+ students across MBA programs who have a background or interest in the investment management industry.

(00:00:00) - Introduction

(00:04:12) - Ben Graham; Warren Buffett's teacher

(00:10:10) - All intelligent investing is Value Investing

(00:13:51) - Holding above intrinsic value

(00:19:43) - Micro vs. Marco in Turkish economy

(00:25:29) - Macro events affecting US economy

(00:34:58) - Investment checklist

(00:39:46) - Investing in Seritage

(00:43:00) - Shameless Cloning

(00:47:55) - New Fund Managers

Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value investing Professor Arvind Navaratnam

(00:00:00) - Introduction

(00:02:13) - Thou shall not skim off the top

(00:04:11) - Thou shall not have an investing team

(00:05:20) - Thou shall accept that thou shall be wrong at least 1/3 of the time

(00:07:06) - Thou shall look for hidden P/E of 1 stocks

(00:13:13) - Thou shall never use Excel

(00:21:21) - Thou shall always hope a rope to climb out of the deepest well

(00:27:43) - Thou shall be singularly focused like Arjuna

(00:31:32) - Thou shall never short

(00:32:50) - Thou shall not be leveraged. Neither a lender nor a borrower be

(00:36:28) - Thou shall be shameless cloner

(00:37:12) - Where to look for investment ideas

(00:40:51) - Temperament during financial crises

(00:43:53) - Always have a rope on hand

(00:49:07) - Investment in Google

(00:52:12) - Judging Management Teams & Satyam Scam

(00:55:28) - Sergio Marchionne

(01:00:36) - Currency risk in international markets

(01:07:52) - Investing in Distressed companies

(01:09:33) - Competitive Moats that turn out to be an illusion

(01:16:02) - Kelly formula

(01:17:17) - Circle of Competence

(01:19:30) - Shameless Cloning

(01:20:04) - Zero Fee Structure

(01:24:03) - Investing in Protected Moats

(01:26:41) - When to sell an investment

(01:30:39) - Personal trails that contribute to a manager's success