RWH008: Playing to Win w/ Investing Guru Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

IN THIS EPISODE, YOU’LL LEARN

• 00:02:41 - How an introduction from Warren Buffett led to Mohnish’s friendship with Charlie Munger.
• 00:04:46 - What it’s been like to hang out with Charlie over the last 14 years.
• 00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.”
• 00:18:59 - How Warren and Charlie differ from each other as investors.
• 00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time.
• 00:42:34 - Why it’s helpful to know that even the best investors are wrong a third or half of the time.
• 00:43:18 - How a checklist and other “circuit breakers” can help you to reduce your error rate.
• 01:00:53 - Why Mohnish and Charlie believe it’s a huge competitive advantage to be ethical.
• 01:03:56 - How Mohnish decides whether or not to build a relationship with someone.
• 01:12:55 - How he’s changed, becoming more committed to serving others as selflessly as possible.
• 01:15:19 - What Mohnish figured out about how to parent his daughters.
• 01:24:01 - How the power principles he learned from David Hawkins have changed his life.
• 01:25:16 - Why it’s so valuable to be candid and to “bare your soul.”
• 01:39:52 - Where Mohnish wants his ashes to be scattered after he dies.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Mohnish Pabrai’s website, Chai with Pabrai.
• Mohnish’s book, The Dhando Investor.
• Learn more about Mohnish’s Dakshana Foundation.
• Stig Brodersen’s latest interview with Mohnish about stock investing.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• Mohnish explains how “Richer, Wiser, Happier” transformed his investing approach.
• David Hawkins’ books “Power vs Force,” “Letting Go,” and “The Eye of the I.”
• William Green’s Twitter.
• Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Check out our favorite Apps and Services.
• New to the show? Check out our We Study Billionaires Starter Packs.

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