Mohnish Pabrai's Talk at the YPO Waterloo Austin on October 17, 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