Shout-out by Charlie Munger at Daily Journal Annual Meeting

Shout-out by Charlie Munger at Daily Journal Annual Meeting – Feb 14, 2018

2/15/2018

It was truly an honor to receive a shout-out by Charlie Munger during the Daily Journal Annual Meeting in Los Angeles on February 14, 2018. Charlie was discussing the fair investment management fee structure of the Buffett Partnerships of the 1950s, which I have enthusiastically cloned for 19 years.

https://www.youtube.com/watch?v=lfRWWxo3Y4Y

Enjoy!

15 Comments

Deepak link

2/15/2018 08:33:33 pm

That is a big endorsement. Of course you have earned it due to your conduct. Best wishes :)

Mohnish Pabrai

12/5/2018 09:47:30 am

Thanks for the nice note Deepak.

Daniel Tan link

2/15/2018 11:06:12 pm

Well done, Mohnish. I rmb reading Guy’s book and learning about Buffett’s rare fee structure and how you replicated it and stuck by it. Tremendous structural advantages and till today you are still reaping its positive externalities! Amazing.

I had a strange dream recently. What if all the sovereign funds in America were managed by you, Li Lu, Munger, Buffett, Ted and Todd? It sounds ludicrous. But imagine the amount of wealth it could impart equitably to raising the wealth of lowest income brackets. Just a wild thought! Hv a great week, cheers!

Mohnish Pabrai

12/5/2018 09:49:00 am

Thanks for the nice note Dan.

Biju Janardhanan

2/16/2018 01:01:25 am

Congratulations Mohnish Sir.

Deserving appreciation from a Teacher of one generation to a Teacher of generation next. Both an inspiration to Gen Z, Gen Y, etc., & future generations.

Mohnish Pabrai

12/5/2018 09:49:16 am

Thanks for the nice note Biju.

Jorel Martinez

2/16/2018 07:55:11 am

Congratulations, well deserved!

Mohnish Pabrai

12/5/2018 09:48:39 am

Thanks for the nice note Jorel

sdsdas link

2/17/2018 01:51:06 am

nice

Mohnish Pabrai

12/5/2018 09:49:31 am

Thanks for the nice note.

2/18/2018 08:39:40 am

Excellent. Well done.
An explaination to those who are not fully clear on the structure.

http://www.valuewalk.com/2015/12/what-was-the-fee-structure-of-warren-buffetts-first-investment-partnership-started-in-1956/

Well done. Deserved respect.

Mohnish Pabrai

12/5/2018 09:49:46 am

Thanks for the nice note RJ.

Nicolas Litvan

2/19/2018 04:15:45 pm

Congratulations!!!
Deservit!

Mohnish Pabrai

12/5/2018 09:50:05 am

Thanks for the nice note Nicolas.

Hari

6/4/2018 10:58:20 pm

Hi Mr. Pabrai,
I admire u for all your hard work and achievements. One small question
I always wonder, why did they (buffet & Munger) allowed you to clone ? Is it because to liberalize the value investing approach or concepts ?
My outlook may be very small in this subject but it is a very prudent question when u encounter lot of law suits on IP and copyrights in the news
Thanks for reading this

Best Regards
Hari

Shout-out by Charlie Munger at Daily Journal Annual Meeting – Feb 14, 2018

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