From paying $650,100 for a lunch with Warren Buffett to becoming a millionaire investor
₹5,26,58,100 for a lunch🤯
If Mohnish Pabrai would've invested this in Berkshire stock then, it would be worth just $2.7 Mn
But with this mentorship, he made $150Mn+📈
How? A thread🧵👇
₹5,26,58,100 for a lunch🤯
If Mohnish Pabrai would've invested this in Berkshire stock then, it would be worth just $2.7 Mn
But with this mentorship, he made $150Mn+📈
How? A thread🧵👇
[1] Who is Mohnish Pabrai?
🔸A successful entrepreneur, Indian-American investor, author & philanthropist
🔸Managing partner of Pabrai Investment Funds (PIF)
🔸Pabrai's value investing approach is inspired by Warren Buffett's investment philosophy
🔸A successful entrepreneur, Indian-American investor, author & philanthropist
🔸Managing partner of Pabrai Investment Funds (PIF)
🔸Pabrai's value investing approach is inspired by Warren Buffett's investment philosophy
[2] Early life
🔸Born: June 12, 1964, in Mumbai
🔸His father was a serial entrepreneur who struggled with leverage & capital in his businesses
🔸Learnt about business at an early age from his father's experiences
🔸Studied engineering at Clemson University in the US in 1983
🔸Born: June 12, 1964, in Mumbai
🔸His father was a serial entrepreneur who struggled with leverage & capital in his businesses
🔸Learnt about business at an early age from his father's experiences
🔸Studied engineering at Clemson University in the US in 1983
![[2] Early life
🔸Born: June 12, 1964, in Mumbai
🔸His father was a serial entrepreneur who struggled...](https://pbs.twimg.com/media/Fuoq_q0WwAA2vO9.png)
[3] Early Career
🔸After his MBA, Pabrai worked at Tellabs & Intel.
🔸In 1991, he co-founded TransTech & sold it for $20 million in 2000
🔸He founded PIF in 1999, inspired by Buffett's investment style
🔸Authored books explaining his inv. style: The Dhandho Investor & Mosaic
🔸After his MBA, Pabrai worked at Tellabs & Intel.
🔸In 1991, he co-founded TransTech & sold it for $20 million in 2000
🔸He founded PIF in 1999, inspired by Buffett's investment style
🔸Authored books explaining his inv. style: The Dhandho Investor & Mosaic
[4] Pabrai Investment Funds (PIF)
🔸Launched in 2000 with $1M
🔸As of April 2021, PIF manages $636.8M worth of assets
🔸 Offers a yearly Free-Lunch bucket of stocks such as Uber Cannibals, Shamelessly Cloned & Spawners
🔸Emphasis on taking calculated risk & avoiding losses
🔸Launched in 2000 with $1M
🔸As of April 2021, PIF manages $636.8M worth of assets
🔸 Offers a yearly Free-Lunch bucket of stocks such as Uber Cannibals, Shamelessly Cloned & Spawners
🔸Emphasis on taking calculated risk & avoiding losses
![[4] Pabrai Investment Funds (PIF)
🔸Launched in 2000 with $1M
🔸As of April 2021, PIF manages $636.8...](https://pbs.twimg.com/media/FuorGgwXgAIROh0.png)
[5] Meeting with Buffet in 2008
🔸Pabrai paid $650,100 for a lunch with Buffet
🔸He believed the knowledge gained was invaluable compared to the cost
🔸Considers auction amt. as invt & knowledge gained as return
🔸Buffet emphasised investing within one's circle of competence.
🔸Pabrai paid $650,100 for a lunch with Buffet
🔸He believed the knowledge gained was invaluable compared to the cost
🔸Considers auction amt. as invt & knowledge gained as return
🔸Buffet emphasised investing within one's circle of competence.
![[5] Meeting with Buffet in 2008
🔸Pabrai paid $650,100 for a lunch with Buffet
🔸He believed the kno...](https://pbs.twimg.com/media/FuorL3pXsAE8feY.jpg)
[6] His net worth
🔸Net Worth as of June 2022- ₹1,185.62cr
🔸Since inception (1999) his fund has delivered 517% return
🔸Top stocks in his portfolio are Rain Industries Ltd., Edelweiss Financial Services Ltd, Sunteck Realty Ltd.
🔸Net Worth as of June 2022- ₹1,185.62cr
🔸Since inception (1999) his fund has delivered 517% return
🔸Top stocks in his portfolio are Rain Industries Ltd., Edelweiss Financial Services Ltd, Sunteck Realty Ltd.
![[6] His net worth
🔸Net Worth as of June 2022- ₹1,185.62cr
🔸Since inception (1999) his fund has del...](https://pbs.twimg.com/media/FuorQO2WAAMP3de.png)
[7] Philanthropy
🔸Pabrai & his Harina Kapoor wife founded Dakshana Foundation in 2005 to give back to society
🔸They aim to give approximately 2% or $1M every yr
🔸Through tutoring & access to elite education institutions, the foundation aims to alleviate poverty in India
🔸Pabrai & his Harina Kapoor wife founded Dakshana Foundation in 2005 to give back to society
🔸They aim to give approximately 2% or $1M every yr
🔸Through tutoring & access to elite education institutions, the foundation aims to alleviate poverty in India
![[7] Philanthropy
🔸Pabrai & his Harina Kapoor wife founded Dakshana Foundation in 2005 to give b...](https://pbs.twimg.com/media/FuorUgDXwAMMaTa.png)
[8] Investing lessons from Mohnish Pabrai
Lesson 1: Aim for Low Risk, High Returns
🔸Believes in minimising risk
🔸Dhandho investors buy businesses with a margin of safety i.e. high-return ventures with low downside risk
🔸His approach: "Heads I win, tails I don't lose much"
Lesson 1: Aim for Low Risk, High Returns
🔸Believes in minimising risk
🔸Dhandho investors buy businesses with a margin of safety i.e. high-return ventures with low downside risk
🔸His approach: "Heads I win, tails I don't lose much"
![[8] Investing lessons from Mohnish Pabrai
Lesson 1: Aim for Low Risk, High Returns
🔸Believes in mi...](https://pbs.twimg.com/media/FuordadXsAE-gLA.png)
2. Invest in Simple businesses
🔸Advises investing in businesses that are simple to understand
🔸Look for businesses that are successful with minimal losses to ensure better returns on investment
🔸Focus on the long-term performance of the business
🔸Advises investing in businesses that are simple to understand
🔸Look for businesses that are successful with minimal losses to ensure better returns on investment
🔸Focus on the long-term performance of the business
3. Always make a list of questions to investigate stocks
🔸Start by learning about businesses, not stocks.
🔸Make a list of ques. to investigate stocks, such as:
👉Is this stock category coming under your area of interest & competencies?
👉Does this business have deep roots?
🔸Start by learning about businesses, not stocks.
🔸Make a list of ques. to investigate stocks, such as:
👉Is this stock category coming under your area of interest & competencies?
👉Does this business have deep roots?
4. Mistakes are the best teachers
🔸Learn from your mistakes & others' to avoid repeating them
🔸Analyze mistakes to find low-risk, high-profit stocks
🔸Maintain a positive attitude towards learning from mistakes
🔸Use mistakes as opportunities to find success in future
🔸Learn from your mistakes & others' to avoid repeating them
🔸Analyze mistakes to find low-risk, high-profit stocks
🔸Maintain a positive attitude towards learning from mistakes
🔸Use mistakes as opportunities to find success in future
5. Invest in copycats, not innovators
🔸Investing in successful copycats is profitable and choose a business with leaders who can lift & scale
🔸Avoid selling stocks at a loss within 2-3 yrs, unless intrinsic value < mkt price
🔸Invest within your circle of competence
🔸Investing in successful copycats is profitable and choose a business with leaders who can lift & scale
🔸Avoid selling stocks at a loss within 2-3 yrs, unless intrinsic value < mkt price
🔸Invest within your circle of competence
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👉Investing
Go to my profile and hit the bell icon🛎️ to always stay updated
Share this with your family/friends to inspire them!
Now.
I have to tell you that writing regularly for you needs me to:
👉Leave my job (done already✅)
👉Spending my money on research
👉Utilising my time on writing instead of doing business
So, please hit the retweet button on the first tweet👇
I have to tell you that writing regularly for you needs me to:
👉Leave my job (done already✅)
👉Spending my money on research
👉Utilising my time on writing instead of doing business
So, please hit the retweet button on the first tweet👇
Thanks for inspiring us @MohnishPabrai :)
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