The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

TIP 121 : Super-Investor Mohnish Pabrai - Part 2 (Business Podcast)

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Jan 15, 2017
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INSIGHT

Match Your Investing Temperament

  • Warren Buffett and Charlie Munger have shared most of their investing wisdom publicly, so study that material closely.
  • Successful investors must be wired for long-term, patient value investing and ask whether the glove fits their temperament.
INSIGHT

Micro Beats Macro For Buffett Style

  • Buffett and Munger focus on understanding businesses, not predicting macro conditions.
  • They deploy cash when opportunities offer wide intrinsic-value margins, treating macro as mostly noise.
ADVICE

Stop Forecasting The World

  • Eliminate macro thoughts and focus on figuring out the future of individual businesses.
  • Investing is hard enough; avoid trying to forecast the world or economy.
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