Musings by Mohnish Pabrai...

Mohnish Pabrai is the founder and Managing Partner of the Pabrai Investments Funds, the Portfolio Manager of the Pabrai Wagons Fund, the founder of the Dakshana Foundation, and the author of The Dhandho Investor and Mosaic: Perspectives on Investing​.

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Beware of Scams Using My Name - Mohnish Pabrai

7/9/2025

I have been made aware that scammers and fraudsters are using my name, picture and doctored videos to target people online with fraudulent attempts to send money to be invested in non-existent investment schemes or for compensation for investment tips. The examples I’ve seen so far have been in perpetrated in India, but they may be elsewhere too. These are totally fake. Please read below to protect yourself:

  • I presently manage only three investment vehicles: (1) Pabrai Investment Funds, which are private funds for high net worth accredited and qualified investors, (2) the Pabrai Wagons Fund, a mutual fund for retail investors, and (3) Dhandho Holdings, which is private and open only to high net worth accredited and qualified investors. If you are being solicited to send money to any other fund that claims to be managed by ​me or for any investment tips, do not do it. Please report it to mpabrai@pabraifunds.com.
  • I will never, ever ask you to send money through WhatsApp, X (Twitter), Facebook, Telegram, Skype or any other text-based messaging app. If you are being asked to send money through any of these platforms to any individual or entity that claims to have any connection to me, do not do it. Please report it to mpabrai@pabraifunds.com.
  • Business e-mail communication from me or my team will always come from one of our registered domains, which are: @pabraifunds.com, @dhandhofunds.com or @wagonsfund.com. Please double check the email domain names of emails that you receive. Do not respond to any emails coming from any other domain extension except for those coming from our email address.

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Interview with Knowledge Inside podcast on June 8, 2026

7/1/2026

I enjoyed my interview with Knowledge Inside podcast - a Korean series. I talked about the importance of an investment checklist, and the three most important items to be included in it, looking for risk-free investments and finding anomalies in the markets rather than loved and sought after products.

Enjoy!

www.youtube.com/watch?v=NVD-m9seDe4

Here is the link to the podcast:

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

Interview with My First Million on May 5, 2026

6/25/2026

I very much enjoyed my interview with Shaan Puri at My First Million Podcast. I talked about some great entrepreneurs and Warren Buffett's traits of a great investor from early childhood, benefits of investing in indices, and about living an aligned life for bigger successes.

Enjoy!

www.youtube.com/watch?v=m8jNKvcXolE

You can also view the letter from Guy Spier here.​

Here is the link to the podcast:​

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

Interview with The Investor’s Podcast on March 23, 2026

6/5/2026

I enjoyed my session with Stig Brodersen at The Investors Podcast. I talked about the inner and outer scorecards, investing in metallurgical coal and when to sell a stock.

Enjoy!

www.youtube.com/watch?v=b3gPwuMs9xc

Here is the link to the podcast:

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

The interview host is an investor in Pabrai Funds and therefore has a financial interest in the funds’ performance, which creates a potential conflict of interest. The host was not compensated for this interview. The views expressed are those of the host and Mohnish Pabrai and do not constitute investment advice or a recommendation to invest.

Q&A session with Dakshana scholars at JNV Bangalore Urban on December 25, 2025

6/2/2026

I enjoyed my session with the scholars at JNV Bangalore Urban on December 25, 2025. I talked about the importance of Karam Yogi mental model, understanding your deepest desire and destiny, and the power of cloning.

Enjoy!

www.youtube.com/watch?v=XRQGag12dCc

Here is the link to the podcast:

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

Mental Models at Heilbrunn Center for Graham and Dodd Investing on April 21, 2026

6/1/2026

I very much enjoyed my talk about mental models at Heilbrunn Center for Graham and Dodd Investing at the Columbia Business School. I talked about Buffett's early entrepreneurial adventures, focusing on moulding the child by the age of 5 and finding a savior when you are in a deep well.

Enjoy!

www.youtube.com/watch?v=iir-07rEf5o

The presentation used in the talk can be viewed here.​

Here is the link to the podcast:​

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

Mental Models for Exceptional Capital Allocation at The UNO on May 1, 2026

5/26/2026

I very much enjoyed my talk at The University of Nebraska, Omaha. I talked about how some mental models give an edge in capital allocation, finding and holding on to great businesses and when to sell them, and pursuing quality intensely.

Enjoy!

www.youtube.com/watch?v=Yx1yAhjsDsE

The presentation used in the talk can be viewed here.​

Here is the link to the podcast:​

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

Mental Models for Running Startups and Businesses, SXSW 2026 on March 16, 2026

4/23/2026

I very much enjoyed my at SXSW 2026. I talked about Charlie Munger's mental models and their implication in entrepreneurship, my lifetime ban at a casino in Las Vegas for playing Blackjack and how mental models benefit different professionals.

Enjoy!

www.youtube.com/watch?v=6QGCPDTZDB8

Here is the link to the podcast:

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

Q&A session with Dakshana scholars at JNV Pune, Maharashtra on December 25, 2025

4/9/2026

I enjoyed my session with the scholars at JNV Pune on December 25, 2025. I talked about the different mental models and how they help us in various aspects, the power of focus and the rule of 72.

Enjoy!

www.youtube.com/watch?v=I7bt37aXu4c&t=952s

Here is the link to the podcast:

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

Q&A Session with Dakshana Scholars at Dakshana Valley, Pune on December 26, 2025

4/9/2026

I enjoyed my session with the scholars at Dakshana Valley on December 26, 2025. I talked about the benefits of mental models for success, cloning and how your desires define your destiny.

Enjoy!

www.youtube.com/watch?v=5y-Dyy0IELA

Here is the link to the podcast:

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

Fireside chat with Ben Graham Centre on October 14, 2025

12/10/2025

I enjoyed my session with Ben Graham Centre at the 5th European Value Investing Conference. I talked about cloning as Charlie Munger's best mental model and its impact, effect of portfolio concentration on returns, and about the Dakshana Foundation being cloned from Super 30.

Enjoy!

www.youtube.com/watch?v=fW9j-mDNVt8

Here is the link to the podcast:​

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

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