Mohnish Pabrai's Interview at the Investors Podcast on April 15, 2025

Mohnish Pabrai's Interview with Stig Broderson at the Investors Podcast on April 15, 2025.

(00:00:00) - Introduction

(00:00:59) - Opportunity Cost

(00:03:23) - Nifty-50 in early 70's; Walmart

(00:06:54) - Advice to 40-year-olds; Long runway

(00:12:44) - Stoic philosophy by Marcus Aurelius: Adversity is a blessing

(00:14:01) - Money vs happiness relationship

(00:19:47) - My mathematical game: The Dakshana Foundation; Chuck Feeney

(00:25:25) - Dakshana's selection criteria

(00:29:20) - Dakshana's operational model

(00:34:22) - Business moats

(00:36:24) - Circle of competence

(00:37:50) - Warren's "Too Hard Pile"

(00:41:33) - Selecting an investment manager

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The interview host is an investor in Pabrai Funds and therefore has a financial interest in the funds' performance, which creates a potential conflict of interest. The host was not compensated for this interview. The views expressed are those of the host and Mohnish Pabrai and do not constitute investment advice or a recommendation to invest.