Dec 26, 2023
Mohnish Pabrai's conversation at Schroders - The Value Perspective podcast on October 10, 2023
(00:00:00) - Introduction
(00:02:45) - My introduction to Warren Buffett
(00:04:28) - Chuck Feeney: The Billionaire who wasn't
(00:06:28) - The Dakshana Foundation
(00:08:28) - Learnings from my childhood
(00:14:21) - Cloning is a powerful mental model
(00:15:50) - Microsoft: The most relentless cloner
(00:17:33) - Sam Walton: Walmart
(00:20:48) - Can cloning be competitive?
(00:22:54) - Different styles of investing
(00:25:16) - Ben Graham: GEICO
(00:27:46) - Stone Trust Insurance: Francis Chou
(00:35:20) - Berkshire's insurance investments
(00:37:50) - Burlington Northern Railroad
(00:42:12) - Improving probabilistic thinking
(00:44:04) - Importance of portfolio concentration
(00:45:43) - Ergodicity: The Walton family
(00:48:31) - Investing in Turkey: Reysas
(00:50:53) - Nick Sleep: Amazon
(00:53:21) - Capital allocation
(00:55:26) - Macro-economic factors in investing
(01:00:49) - Book recommendation
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