Mohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Dec 22, 2017

Prof. Jiang Guohua's Value Investing Course

"Compounding is the 8th Wonder of the World"

00:00:00 Introduction
00:05:18 Book: One thousand way to make $1000
00:06:50 The power of compounding
00:09:47 Rule of 72
00:17:50 The Wilson Coin Company
00:26:41 3 variables in Compounding
00:33:30 Compounding @ 26%
00:40:48 Lesson learnt from owning an Insurance company
00:44:21 Zero management fees
00:47:25 Guy Spier
00:50:07 Investment outside US (India & China)
00:55:20 Investing in Berkshire Hathaway
00:57:05 Change in investment strategy
00:59:55 Managing personal assets
01:03:20 Finding the true value of a company
01:14:40 Stop-losses are dumb
01:22:30 My Worst Investment
01:42:00 Circle of Competence
01:48:35 Conviction

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.