Dec 4, 2023
Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 2023.
(00:00:00) - Introduction
(00:02:49) - The Manhattan deal by American Indians in 1626
(00:07:42) - Compounding: Eighth wonder of the world
(00:08:14) - Queen Isabella's funding of Columbus discovery of
America
(00:11:35) - My daughter's introduction to compounding
(00:15:18) - Factors of compounding
(00:20:58) - Never interrupt compounding unnecessarily
(00:25:15) - Large inheritances do more harm than good
(00:28:17) - Chuck Feeney: The Billionaire Who Wasn’t
(00:33:47) - My journey of investing
(00:40:27) - Berkshire's Twelve great decisions
(00:43:19) - Entrepreneurship vs. Investing
(00:45:29) - Owner's Manual
(00:50:44) - Index investing
(00:54:08) - Reysas
(01:00:23) - Handling macro risks
(01:01:17) - Understanding a business