The Ten Commandments of Investment Management

10/12/2018

I very much enjoyed giving my talk on “The Ten Commandments of Investment Management” to Prof. Arvind Navaratnam’s class on Value Investing at the Carroll School of Management (Boston College). It was my 8th year in a row! The talk is followed by a Q&A session where we discussed investing in India, a fair management fee structure, 2008 financial crisis and Sergio Marchionne.

https://youtu.be/9tGjXPhnp-s

Enjoy!

Here is an Economic Times article on the talk:

https://economictimes.indiatimes.com/markets/stocks/news/pabrais-10-commandments-for-becoming-a-successful-investor/articleshow/67123851.cms

Here is the link to the podcast:

If you prefer reading over listening, here is the transcript.

4 Comments

Yogesh Mule

10/13/2018 09:08:46 am

I would like to learn and earn from share market...

Pavel Rosenberg

10/22/2018 12:48:07 am

Loved this interview. I don't think you've talked about finding hidden PE of 1 that clearly before.

Best Regards,
Pavel

Gianluca

10/25/2018 11:38:18 am

Dear Monish,

I hear you say in this video that with a small amount of money returns north of 30% are achievable. Leaving aside the fact that little money often correlates with little experience and ability, it looks a tad too much to me. If 70% of the time you're wright and earn 20% annualized, 20% of the time you lose 10% and 10% of the time you break even, the expected return is only 12%. And this ignores taxes. I'm talking about annualized returns here: you might find a lot of 10x, but if it takes 10 years to make that 10x...

Can you provide more insight into your estimates of an achievable long-term return for a small investor?

Thanks a lot.

Gianluca.

EIG Hosting Companies link

11/22/2018 02:05:18 pm

Amazing interview. Mohnish investments in Fiat is a great decision.

The Ten Commandments of Investment Management

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