TIP812: Mohnish Pabrai on Berkshire & Letting Winners Run
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Managing Concentration and Personal Allocation Advice
Mohnish advises limiting exposure to any manager and explains why many wealthy owners hold concentrated single-stock positions.
On today’s show, Stig Brodersen talks with legendary value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have grown to $17.29, compared with $6.29 for the S&P 500. In the special interview, you can join Mohnish and Stig’s discussion on Berkshire Hathaway, investing mistakes, and the importance of letting winners run.
Disclaimer: Stig Brodersen is an investor in Pabrai Funds, which creates a potential conflict of interest, as he may benefit if the funds perform well. He will not be compensated for this interview
IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:01:53 - Whether Greg Abel’s compensation is fair 00:05:21 - Why most investments fail, and why that’s okay (the “4% rule”) 00:11:40 - Whether to own Berkshire Hathaway or the S&P500 over the next century 00:28:23 - Why Stig thinks that Mohnish diversifies too much 00:31:04 - Why good asset managers should eventually have 95% of their portfolio in one stock 00:36:21 - How Mohnish met Michael Burry 01:04:50 - What Mohnish learned from his best friend Guy Spier
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community.
- Mohnish Pabrai’s website.
- Learn more about Mohnish Pabrai’s Dakshana Foundation.
- Our interviews with Mohnish Pabrai about Investing and Life Lessons.
- Our interviews with Mohnish Pabrai about The Inner Scorecard.
- Our interviews with Mohnish Pabrai about Masterclass Investing.
- Our interviews with Mohnish Pabrai about investing in stocks.
- Follow Stig on X and Linkedin.
- Related books mentioned in the podcast.
- Ad-free episodes on our Premium Feed.
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