Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024

Mohnish Pabrai's Interview at My First Million Podcast on April 4, 2024.

(00:00:00) - Introduction

(00:00:34) - Why entrepreneurs make the best investors 

(00:03:09) - Buffett's early entrepreneurial adventures 

(00:08:13) - Buffett's introduction to Ben Graham 

(00:11:39) - See's Candies 

(00:17:59) - My entrepreneurial journey 

(00:30:25) - Entrepreneurs don’t take risks 

(00:32:36) - Richard Branson: Virgin Atlantic 

(00:36:19) - The Patels' motels business in the US 

(00:41:16) - Introduction to Warren Buffett 

(00:46:12) - Pabrai Funds 

(00:54:37) - Lunch with Warren Buffett 

(00:59:16) - Learnings from Buffett: Be a harsh grader 

(01:05:32) - Dhandho Investing: Heads I win, Tails I don’t lose too much 

(01:07:21) - IPSCO 

(01:09:09) - Investing in coal 

(01:10:12) - Private vs. Public auction-driven markets 

(01:12:53) - Index funds 

(01:14:20) - What Puddy (of Seinfeld) can teach us about investing! 

(01:17:21) - Compounding; The rule of 72 

(01:22:40) - Berkshire's 12 best decisions; Ajit Jain 

(01:29:02) - John Templeton: Trouble is opportunity 

(01:29:56) - Cryptocurrency 

(01:31:01) - Nick Sleep; Amazon 

(01:36:21) - The Walton's Family; Walmart 

(01:37:13) - Reysas 

(01:42:26) - Capital allocation: Meta 

(01:44:13) - Elon Musk 

(01:46:11) - Learnings from Charlie

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