Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023.

 

(00:00:00) - Introduction (00:02:49) - The Manhattan deal by American Indians in 1626 (00:07:42) - Compounding: Eighth wonder of the world (00:08:14) - Queen Isabella's funding of Columbus discovery of America (00:11:35) - My daughter's introduction to compounding (00:15:18) - Factors of compounding (00:20:58) - Never interrupt compounding unnecessarily (00:25:15) - Large inheritances do more harm than good (00:28:17) - Chuck Feeney: The Billionaire Who Wasn’t (00:33:47) - My journey of investing (00:40:27) - Berkshire's Twelve great decisions (00:43:19) - Entrepreneurship vs. Investing (00:45:29) - Owner's Manual (00:50:44) - Index investing (00:54:08) - Reysas (01:00:23) - Handling macro risks  (01:01:17) - Understanding a business