May 23, 2025
Mohnish Pabrai’s Session with Ashoka Investment Club on April
22, 2025.
(00:00:00) - Introduction
(00:00:47) - Charlie Munger's mental models; Poor Charlie’s
Almanack
(00:07:38) - Cloning is the best mental model
(00:08:45) - Sam Walton & Family; Walmart
(00:10:36) - Microsoft
(00:13:31) - Bridge
(00:14:51) - Pabrai Funds: Cloned model from the Buffett
Partnerships
(00:17:41) - Selecting a stock
(00:19:12) - Macro-economic factors; D-Mart & Shrimp farming in
India
(00:23:32) - Circle of competence; John Arrillaga
(00:24:38) - Commodity producers; Saudi Aramco
(00:27:26) - Look for anomalies, Investing in Turkiye & Reysas
(00:33:54) - Learning from mistakes; Satyam Computers
(00:39:35) - Nifty-50 in the 1970s; Walmart
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