Turning $1M Into $1B+: A Masterclass From The Indian Warren Buffett | Mohnish Pabrai Interview

By | September 12, 2024

Video

Video Description

Get our business idea database here ➡️ https://clickhubspot.com/sop

Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing.

Mohnish is sometimes called the "Indian Warren Buffett" for his track record of value investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett u0026 Munger.

—
Show Notes:
(0:00) Intro
(1:41) Why entrepreneurs make the best investors
(4:40) How Warren Buffett’s pre-paid for his college education
(9:56) Becoming Ben Graham’s Protege
(13:57) What Buffett learned about branding from See’s Candies
(17:53) Buffett’s failed play to be a candy mogul
(20:54) Identifying offering gaps
(21:47) Getting an MBA at age 14 as the son of an entrepreneur
(26:12) The 3 tells of a future millionaire
(28:49) Mohnish builds his first product with maxed out credit cards at 24
(31:21) The 168 hour framework
(33:56) “Entrepreneurs do not take risks”
(36:10) How Richard Branson launches Virgin Atlantic with no money
(39:09) How 0.1 percent of the population owns 70 percent of all the motels in America
(43:45) The unfair advantage of being a low-cost producer
(44:49) How Mohnish turned his first million into $13M in 5 years
(48:18) Pabrai Funds grows to $600M in assets in less than 10 years
(49:42) What Mohnish knows about fundraising that we don’t
(55:46) Pivoting from tech investments in 1999 to value investments
(58:50) $2M lunch with Warren Buffett
(1:04:15) Be a harsh grader of people
(1:08:09) The Givers, The Takers, and The Matchers
(1:11:30) “Heads I win, tails I don’t lose much”
(1:16:41) Private markets v public auctions
(1:21:15) The #1 trait that makes a great investor
(1:22:50) What people of Reddit think of Mohnish Pabrai
(1:24:26) Starting capital, annual rate of return, length of runway
(1:25:04) The rule of 72
(1:26:03) “The most important rule in life is how long something takes to double”
(1:30:21) Circle the Wagons Philosophy
(1:32:14) Losing $3B in one unfortunate event
(1:37:34) Be fearful when the world is greedy; Be greedy when the world is fearful
(1:38:34) What a value investor thinks of bitcoin
(1:39:50) Nick Sleep bets
(1:52:49) The Best Of: Capital Allocators

—
Links:
• The Intelligent Investor – https://tinyurl.com/3jmpjrmc
• The Dhandho Investor – https://tinyurl.com/53p9bhfv
• Mohnish on Twitter – https://twitter.com/MohnishPabrai

—
Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, u0026 Virtual Assistants → it’s called Somewhere https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Posted in Marketing and tagged 1b, 1b a, 1b a masterclass, 1b a masterclass from, 1b a masterclass from the, 1b a masterclass from the indian, 1b a masterclass from the indian warren, 1b a masterclass from the indian warren buffett, 1b a masterclass from the indian warren buffett mohnish, 1b a masterclass from the indian warren buffett mohnish pabrai, 1b a masterclass from the indian warren buffett mohnish pabrai interview, 1m, 1m into, 1m into 1b, 1m into 1b a, 1m into 1b a masterclass, 1m into 1b a masterclass from, 1m into 1b a masterclass from the, 1m into 1b a masterclass from the indian, 1m into 1b a masterclass from the indian warren, 1m into 1b a masterclass from the indian warren buffett, 1m into 1b a masterclass from the indian warren buffett mohnish, 1m into 1b a masterclass from the indian warren buffett mohnish pabrai, 1m into 1b a masterclass from the indian warren buffett mohnish pabrai interview, a, a masterclass, a masterclass from, a masterclass from the, a masterclass from the indian, a masterclass from the indian warren, a masterclass from the indian warren buffett, a masterclass from the indian warren buffett mohnish, a masterclass from the indian warren buffett mohnish pabrai, a masterclass from the indian warren buffett mohnish pabrai interview, buffett, buffett mohnish, buffett mohnish pabrai, buffett mohnish pabrai interview, from, from the, from the indian, from the indian warren, from the indian warren buffett, from the indian warren buffett mohnish, from the indian warren buffett mohnish pabrai, from the indian warren buffett mohnish pabrai interview, indian, indian warren, indian warren buffett, indian warren buffett mohnish, indian warren buffett mohnish pabrai, indian warren buffett mohnish pabrai interview, interview, into, into 1b, into 1b a, into 1b a masterclass, into 1b a masterclass from, into 1b a masterclass from the, into 1b a masterclass from the indian, into 1b a masterclass from the indian warren, into 1b a masterclass from the indian warren buffett, into 1b a masterclass from the indian warren buffett mohnish, into 1b a masterclass from the indian warren buffett mohnish pabrai, into 1b a masterclass from the indian warren buffett mohnish pabrai interview, masterclass, masterclass from, masterclass from the, masterclass from the indian, masterclass from the indian warren, masterclass from the indian warren buffett, masterclass from the indian warren buffett mohnish, masterclass from the indian warren buffett mohnish pabrai, masterclass from the indian warren buffett mohnish pabrai interview, mohnish, mohnish pabrai, mohnish pabrai interview, pabrai, pabrai interview, the, the indian, the indian warren, the indian warren buffett, the indian warren buffett mohnish, the indian warren buffett mohnish pabrai, the indian warren buffett mohnish pabrai interview, turning, turning 1m, turning 1m into, turning 1m into 1b, turning 1m into 1b a, turning 1m into 1b a masterclass, turning 1m into 1b a masterclass from, turning 1m into 1b a masterclass from the, turning 1m into 1b a masterclass from the indian, turning 1m into 1b a masterclass from the indian warren, turning 1m into 1b a masterclass from the indian warren buffett, turning 1m into 1b a masterclass from the indian warren buffett mohnish, turning 1m into 1b a masterclass from the indian warren buffett mohnish pabrai, turning 1m into 1b a masterclass from the indian warren buffett mohnish pabrai interview, warren, warren buffett, warren buffett mohnish, warren buffett mohnish pabrai, warren buffett mohnish pabrai interview