Oct 1, 2025
Mohnish Pabrai’s Interview session with Steven Bartlett at The Diary of a CEO on July 13, 2025.
(00:00:26) - Cloning as a mental model; Bill Gates and Sam
Walton
(00:05:11) - Entrepreneurs do not take risk
(00:09:23) - Focus on offering gaps
(00:13:11) - Understand customer requirement; Google Glass vs.
Meta
(00:16:20) - Make your business cost-effective; Walmart & LVMH
(00:18:24) - Getting your music out; Bill Gates & Paul Allen
(00:21:40) - Find the calling in your life
(00:23:54) - My Owner's Manual
(00:29:04) - Capital investment in start-ups; Sir Richard
Branson
(00:36:59) - Successfully reaching out to stakeholders
(00:41:16) - My family startups in the childhood; Cold calling
(00:46:21) - Adam Grant: Givers, takers and matchers
(00:48:26) - Recruiting the right people; Elon Musk & Steve
Jobs
(00:50:43) - Fire fast, Hire slow
(00:51:54) - The three pillars of investing
(00:53:01) - Sale of Manhattan by Indians in 1623 & Rule of 72
(00:58:07) - Rules of investing; Saving the first dollar; Index
investing
(01:01:52) - The Dhandho Investor; Minimising risk with intact
returns
(01:06:20) - Heads I win, Tails I don't lose too much
(01:07:15) - Offering gaps
(01:11:30) - Business moat
(01:12:29) - Apple
(01:14:07) - Traits of great founders; IKEA
(01:16:49) - Fewer, bigger and infrequent bets; Venture businesses
vs. Stock markets
(01:19:07) - Day trade
(01:19:34) - Circle the wagons
(01:22:00) - Learning from mistakes; Fiat Chrysler's Ferrari
(01:24:31) - Golf
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