Chai with Pabrai Value School (Madrid, Spain); Q&A with Mohnish Pabrai on July 9, 2021
9 snips
Jun 16, 2023 AI Snips
Chapters
Transcript
Episode notes
Cheap Businesses with Great Capital Allocation
- Investment in Rain Industries at future PE of one grew market cap 10x in four years.
- Good capital allocation amplified returns even though business wasn't perfect.
Global Treasure Hunt for Undervalued Stocks
- Look globally for undervalued businesses as opportunities shift by geography and industry.
- Treat investing like a treasure hunt for undervalued gems amid changing market conditions.
How to Achieve 50% Annual Returns
- Achieving 50% annual returns is possible with small capital through dogged, methodical value investing.
- Extreme patience, hard work, and concentrated bets on no-brainers drive outsized returns.