TIP719: Investing and Life Lessons w/ Mohnish Pabrai

On today’s show, Stig Brodersen talks with legend value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have turned into $13.63 vs. $6.19 for the S&P 500. In the special interview, you can join Mohnish and Stig’s metaphorical restaurant and together taste new wonderful dishes in investing and life. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:36 - How stock investors can truly think like the owners of the business 10:09 - Which advice would Mohnish give to himself at ages 40 and 50 20:48 - Why you should learn from your mistakes, but not too much 33:07 - Why Mohnish looks at philanthropy as part two of the ultimate game 35:41 - Why you need to work with the fewest possible variables in philanthropy 51:30 - How to look at an “execution moat” 1:00:59 - Why Stig thinks that Mohnish is over diversified Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠ here ⁠⁠ . Join the exclusive ⁠⁠ TIP Mastermind Community ⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Mohnish Pabrai’s website . Learn more about Mohnish Pabrai’s Dakshana Foundation. Our interviews with Mohnish Pabrai about The Inner Scorecard . Our interviews with Mohnish Pabrai about Masterclass Investing . Our interviews with Mohnish Pabrai about investing in stocks. Our interviews with Mohnish Pabrai about value investing and philanthropy . Check out all the books mentioned and discussed in our podcast episodes ⁠⁠ here ⁠⁠ . Enjoy ad-free episodes when you subscribe to our ⁠⁠ Premium Feed ⁠⁠ . NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠ The Intrinsic Value Newsletter ⁠⁠ . Check out our ⁠⁠ We Study Billionaires Starter Packs ⁠⁠ . Follow our official social media accounts: ⁠⁠ X (Twitter) ⁠⁠ | ⁠⁠ LinkedIn ⁠⁠ | ⁠⁠ Instagram ⁠⁠ | ⁠⁠ Facebook ⁠⁠ | ⁠⁠ TikTok ⁠⁠ . Browse through all our episodes (complete with transcripts) ⁠⁠ here ⁠⁠ . Try our tool for picking stock winners and managing our portfolios: ⁠⁠ TIP Finance Tool ⁠⁠ . Enjoy exclusive perks from our ⁠⁠ favorite Apps and Services ⁠⁠ . Learn how to better start, manage, and grow your business with the ⁠⁠ best business podcasts ⁠⁠ . SPONSORS Support our free podcast by supporting our ⁠⁠ sponsors ⁠⁠ : SimpleMining Hardblock AnchorWatch Onramp Human Rights Foundation Unchained Intuit Shopify Vanta reMarkable HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠ rating and review ⁠⁠ on ⁠⁠ Spotify ⁠⁠ ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://premium.theinvestorspodcast.com/ Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm