Mohnish Pabrai Lecture at Harvard University - April 7, 2020

Business Analysis and Valuation Course Professor Andrew Sandoe, Harvard University April 7, 2020

(00:00:00) - Introduction

(00:04:40) - Purchase of Stonetrust Insurance

(00:8:30) - Insurance Business Model

(00:11:05) - Sale of Stonetrust Insurance

(00:22:47) - Valuing an Insurance company

(00:25:12) - Being a harsh grader

(00:30:40) - Circle of Competence

(00:42:03) - Start early with investing

(00:55:48) - Improving your Circle of Competence

(01:02:58) - Learnings from investment mistakes

(01:09:54) - Value Investment Categories

(01:29:16) - Probability estimation for outcomes

(01:34:28) - Philip Fisher’s Scuttlebutt method

(01:37:10) - Munger’s advice on sharing Investment ideas

(01:42:20) - Human response to Economy