Mohnish Pabrai speaks at Trinity College Dublin - February 21, 2019

Mohnish Pabrai lecture to Trinity Student Managed Fund at Trinity Business School, Trinity College Dublin, in Dublin, Ireland, on February 21, 2019.

00:00:00 Introduction
00:03:50 BULL! A history of the boom and bust, 1982-2004 by Maggie Mahar
00:05:13 THE DOW (1896 – 2019)
00:10:38 Market conditions when Pabrai Funds started
00:13:00 Price matters
00:16:35 S&P 500 (1928 – 2019)
00:17:13 Nasdaq (1971 – 2019)
00:18:00 Sensex (1979 – 2019); Dax (1988 – 2019)
00:18:50 Property bubble to NIKKEI (1970 – 2019)
00:22:21 KOSPI (1980 – 2019)
00:34:00 Lessons from Charlie Munger and Warren Buffett
00:41:17 Advice on Starting a Career
00:44:29 Definition of Success
00:48:39 Hedge Fund Fee Structure
00:59:54 When should one start a Fund
01:09:27 Succession plan at Pabrai Funds
01:10:42 Mental Models with Philanthropy; Dakshana Foundation
01:20:58 Low Risk and High Uncertainty Bets
01:29:57 Finding your own rope during drawdowns
01:35:42 Thoughts on current market levels

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