Mohnish Pabrai on Cloning & Compounding | #495

Published: Aug. 16, 2023, 5 p.m.

b'Today\\u2019s guest is Mohnish Pabrai, founder and Managing Partner of the Pabrai Investments Funds, which he started in 1999 and has since built an incredible track record.\\xa0\\nIn today\\u2019s episode, Mohnish talks about his love for bridge, what his friend Warren Buffett\\u2019s online bridge name is, his philanthropic endeavors, opportunities he sees in Turkey and India, and what he would do with the Apple position today if he was running Berkshire Hathaway.\\xa0\\n(0:39) - Sponsor: YCharts\\xa0\\n(1:26) - Intro\\n(2:00) - Episode begins\\n(5:57) - Mohnish\\u2019s educational background\\n(11:37) - Revived love for Bridge\\xa0\\n(18:00) - The magic of compounding\\n(24:57) - Dakshana provides intense prep for competitive exams to underprivileged kids\\n(38:54) - Investing long-term in high-conviction bets regardless of error rates\\n(42:51) - Think like a founder, hold onto investments long-term despite drawdowns\\n(46:32) - If he worked at Berkshire, would he sell or hold Apple today?\\n(48:53) - What interested Mohnish in Turkey & India?\\n(1:02:45) - Which tech stocks would Bill Gates buy?\\n(1:06:51) - Mohnish\\u2019s most memorable investment\\n(1:11:57) - Narrow expertise depth, no need to know everything about everything\\n-----\\nFollow Meb on Twitter, LinkedIn and YouTube\\nFor detailed show notes, click here\\nTo learn more about our funds and follow us, subscribe to our\\xa0mailing list\\xa0or visit us at cambriainvestments.com\\n-----\\nToday\'s episode is sponsored by\\xa0YCharts.\\xa0YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. Visit\\xa0YCharts\\xa0to start your free trial and be sure to mention "Meb" for 20% off your subscription. (New clients only).\\xa0\\nToday\\u2019s episode is sponsored by\\xa0The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world\\u2019s largest institutions, funds, and money managers. Subscribe for free\\xa0here.\\nFollow The Idea Farm:\\xa0Twitter\\xa0|\\xa0LinkedIn\\xa0|\\xa0Instagram\\xa0|\\xa0Tik Tok\\n-----\\nInterested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com\\n-----\\nPast guests include\\xa0Ed Thorp,\\xa0Richard Thaler,\\xa0Jeremy Grantham,\\xa0Joel Greenblatt,\\xa0Campbell Harvey,\\xa0Ivy Zelman,\\xa0Kathryn Kaminski,\\xa0Jason Calacanis,\\xa0Whitney Baker,\\xa0Aswath Damodaran,\\xa0Howard Marks,\\xa0Tom Barton, and many more.\\xa0\\n-----\\nMeb\'s invested in some awesome startups that have passed along discounts to our listeners. Check them out\\xa0here!\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'