Mohnish Pabrai’s Q&A session with students at The University of Georgia on November 18, 2021

University of Georgia | Host: Charlie Warren Oberman | November 18, 2021.

00:00:00 Introduction
00:01:58 Buffett: when he has his first stock tip, call me collect
00:03:40 Relationship with Warren Buffett and Charlie Munger
00:12:34 Circle of competence
00:15:09 Sources for Investment Ideas
00:17:00 Handling Underperformance
00:18:42 Leverage in Businesses
00:22:58 Micro vs. Macro
00:24:14 Avoiding Confirmation Bias
00:25:43 Identifying Moats
00:28:52 Evaluating Management
00:30:08 Investing as a Profession
00:32:07 Entrepreneur’s Advantage
00:33:43 Zero Fee Structure
00:35:36 Pre-investment checklist
00:39:09 Lessons from Failures
00:44:11 Calculating Intrinsic Value
00:47:59 Shameless Cloning.
00:49:40 Long-term compounders

The contents of this video are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.