Great Investors Podcast series – The Steve Pomeranz Show

6/17/2017

I very much enjoyed speaking again with Steve Pomeranz for his “Great Investors” podcast series.

We discussed the fundamental traits of a value investor and the importance of focusing on individual companies and ignoring the market. I also gave my thoughts on the investing environment today and how it is similar to the period when I started Pabrai Funds in 1999. And we discussed Warren Buffett’s comments on Amazon and Google during the Berkshire Hathaway Annual Meeting this year and whether the FAANGS are overpriced.

It is a two-part podcast. The podcast and the transcript can be accessed at:
Part1: http://www.stevepomeranz.com/mohnish-pabrai/
Part2: http://www.stevepomeranz.com/mohnish-pabrai-2/

Enjoy!

1 Comment

Suresh

6/18/2017 08:57:35 am

Always a pleasure to hear your views and thoughts! Thanks for sharing.

When you were talking about high uncertainty throwing up lower prices, I was thinking about a recent example in a large cap biotech Bristol Meyers squib, a premier company with huge initial success of cancer immunotherapy class of drugs, but after one bad year of their cancer trial failures and rivals like Merck catching up, the market has punished them badly.

But with 100s of trials and r&d research program still ongoing, and still very early days of immunotherapy research, don't you think it's a good chance they can do well in future given that oncology is a huge need for the entire world. Would this case fall under the same kind of "uncertainty" case that you were talking about, and which you may want to bet?

Great Investors Podcast series – The Steve Pomeranz Show

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