Mohnish Pabrai’s Lecture, Q&A with students of Peking Univ. (Guanghua School of Mgmt.)–Dec. 3, 2020

Professor Jiang Guohua’s Students
“Compounding with the Spawners”

00:00:00 Introduction
00:04:33 Choices for an investor
00:09:51 The Path to Multi-Baggers
00:13:26 Spawners
00:30:32 The $50 Billion Rule
00:33:49 Pabrai Spawning rules
00:36:38 Set it and forget it
00:42:50 Conglomerates vs. Spawners in Emerging Markets
00:43:44 Fake Spawners
01:06:20 Core traits of Spawners
01:19:04 CMGI
01:22:47 When wealth is lost
01:25:15 Costco; Seritage
01:29:11 Entrepreneur’s Advantage
01:33:00 Leverage and Debt

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