Mohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023

Mohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023

(00:00:00) - Introduction

(00:02:45) - My introduction to Warren Buffett

(00:04:28) - Chuck Feeney: The Billionaire who wasn't

(00:06:28) - The Dakshana Foundation

(00:08:28) - Learnings from my childhood

(00:14:21) - Cloning is a powerful mental model 

(00:15:50) - Microsoft: The most relentless cloner

(00:17:33) - Sam Walton: Walmart

(00:20:48) - Can cloning be competitive?

(00:22:54) - Different styles of investing

(00:25:16) - Ben Graham: GEICO

(00:27:46) - Stone Trust Insurance: Francis Chou

(00:35:20) - Berkshire's insurance investments

(00:37:50) - Burlington Northern Railroad

(00:42:12) - Improving probabilistic thinking

(00:44:04) - Importance of portfolio concentration

(00:45:43) - Ergodicity: The Walton family

(00:48:31) - Investing in Turkey: Reysas

(00:50:53) - Nick Sleep: Amazon

(00:53:21) - Capital allocation

(00:55:26) - Macro-economic factors in investing

(01:00:49) - Book recommendation

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