Mohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Dec 22, 2017

Prof. Jiang Guohua's Value Investing Course

"Compounding is the 8th Wonder of the World"

(00:00:00) - Introduction

(00:04:19) - Book: One thousand way to make $1000

(00:05:41) - The power of compounding

(00:08:23) - Rule of 72

(00:15:58) - The Wilson Coin Company

(00:24:12) - 3 variables in Compounding

(00:30:20) - Compounding @ 26%

(00:36:45) - Lesson learnt from owning an Insurance company

(00:39:57) - Zero management fees

(00:42:48) - Guy Spier

(00:45:07) - Investment outside US (India & China)

(00:49:54) - Investing in Berkshire Hathaway

(00:51:30) - Change in investment strategy

(00:53:55) - Managing personal assets

(00:56:59) - Finding the true value of a company

(01:07:36) - Stop-losses are dumb

(01:14:48) - My Worst Investment

(01:32:26) - Circle of Competence

(01:38:41) - Conviction