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 very much enjoyed my Q&A session with Dante Albertini and YPO members in Peru. We discussed my investing approach, dealing with failure and key lessons from Charlie Munger.
Enjoy!
https://www.youtube.com/watch?v=V9T3dEeWiVE
I very much enjoyed returning to the Investor’s Podcast with Preston Pysh and Stig Brodersen.
We talked about a new investment framework and how retail investors can clone it.
Enjoy!
https://podcasts.apple.com/us/podcast/tip347-value-investing-in-2021-w-mohnish-pabrai/id928933489?i=1000519670433
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.
I very much enjoyed being a panelist at the Ivey Business School Value Investing Conference. I talked about the book 'Richer, Wiser, Happier' and how my investment philosophy changed over the years.
Enjoy!
https://www.youtube.com/watch?app=desktop&v=OmrVUxTGENw
I very much enjoyed my Q&A session with the Students of Value Investing MBA Class of Columbia Business School at Columbia University. I discussed my journey as a value investor and the need for investors to think like entrepreneurs.
Enjoy!
https://www.youtube.com/watch?v=NEB2RfRgBSQ
I very much enjoyed my banter with the students of The Kelley School of Business at Indiana University. We discussed the importance of the importance of staying within one’s circle of competence. We also talked about how my investment philosophy changed over the years. It also has references to the Seinfeld show!
Enjoy!
https://www.youtube.com/watch?v=XNtWcAag9as
As a recap, in my 3/31/17 blog post, we met Ms. Sonia Patel, who had embarked on her Uber Cannibals compounding journey with $100,000 from her IRA account at Interactive Brokers. Sonia invested in the first 5 Uber Cannibals on 1/3/17, and then rebalanced her portfolio every year in April. The 2020 Uber Cannibals were:
As of 3/30/21, Sonia's $100k was worth $154,116 (after trading costs), up 10.7% annualized since inception. If Sonia had instead invested in the S&P 500 over that period, she would be up 16.6% annualized and her portfolio would be worth $191,838.
During the COVID-driven market sell off in the first three months of 2020, Sonia's portfolio was down 40.8%, while the S&P 500 was down 18%. She kept the faith and hung on. From April 1, 2020 through today, Sonia's portfolio is up 73%, vs. 55.8% for the S&P 500. The Uber Cannibals 5-stock portfolio is far more concentrated than the indices and will be more volatile. The Uber Cannibals strategy makes sense if you intend to follow it for at least a decade or two (or longer). Sonia's in it for the long-run.
All five Uber Cannibals paid dividends. As per our rules, Sonia reinvested those dividends back into the same businesses.
Please note, the Uber Cannibals performance includes trading costs and assumes that stocks are bought at the high price of the day and sold at low price of the day, whereas S&P 500 and Small Dogs of the Dow performance does not include trading costs and assumes that stocks are bought at last close.
Below is the 12-month return of the 2020 Uber Cannibals:
The New 2021 Uber Cannibals:A key lesson I learned in 2020 was to hold on to great compounders and cannibals (unless they get egregiously overvalued). I discussed this in more detail at a Manual of Ideas session earlier this year. Moving forward, at the April rebalance, we will assess the new Uber Cannibal picks that the algorithms recommend we swap into the portfolio. However, we will only make changes if the new businesses improve the overall quality of the portfolio. Otherwise, we will stay long and strong. Here are the 2021 Uber Cannibals:
Sell Globe Life from the 2020 Uber Cannibals and invest the proceeds in Jack in the Box. If you are a new investor to the Uber Cannibals, you can just equal weight the five stocks (i.e., invest the same amount of money in each of these five) and keep that portfolio until April 2022, when I'll provide the 2022 portfolio on www.ChaiWithPabrai.com. Happy Cannibal Investing! If you invested in the Uber Cannibals in April 2020 in a taxable account, try to sell after 366 days, to realize long term gains.
Note, anyone who invests in any strategy needs to do their own research/due diligence and are themselves fully responsible for the outcome.
I very much enjoyed my Q&A session with MBA Students at Georgetown University. I discussed my journey that led to my starting Pabrai Funds, importance of holding onto a compounder, and the art of selling.
Enjoy!
https://www.youtube.com/watch?v=V_djW_RGPGA&t=400s
I very much enjoyed my Q&A session with the members of The Babson College Fund (Babson College Students). We discussed the importance of temperamental control in investing and finding long-term compounders.
Enjoy!
https://www.youtube.com/watch?v=NXxIQfVIzVU
Here is the link to the podcast:
If you prefer reading over listening, here is the transcript.
I very much enjoyed giving my lecture “Compounding with the Spawners” to the students of Peking University's Guanghua School of Management. We talked about Spawners and how to identify one.The presentation included a rich Q&A session on a diverse set of topics.
Enjoy!
https://www.youtube.com/watch?app=desktop&v=pUiwBs_N5cE
Here is the link to the podcast:
If you prefer reading over listening, here is the transcript.
I very much enjoyed my discussion with the Members of Wall Street South Investment Club at the Wilbur O. And Ann Powers College of Business (Clemson University). We talked about the advantages and disadvantages of auction-driven stock market investing, and my learnings in 2020.
Enjoy!
https://www.youtube.com/watch?v=QIUH0IzoV6E
