Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024.

(00:00:00) - Introduction

(00:02:53) - Circle the Wagons

(00:08:18) - Intrinsic Value vs. Owners' Intrinsic Value

(00:16:47) - Starbucks

(00:17:34) - Ken Langone: Home Depot

(00:20:13) - Berkshire's 12 best decisions in 58 years; See's Candies vs Coca Cola

(00:27:22) - Evaluating the management team

(00:32:23) - Advice for young investors

(00:33:48) - My educational journey

(00:38:19) - Memories of Charlie

(00:43:24) - Learnings from Charlie Munger

(00:45:54) - Cloning is the best model; Chipotle

(00:49:25) - Heads I win; Tails I don't lose much

(00:51:46) - CONSOL Energy vs. IPSCO

(00:57:01) - Value investing

(00:59:05) - Impact of macro-economic factors

(01:01:13) - Passing on value system to your kids

(01:05:01) - Loss aversion: Minimizing risk

(01:07:35) - Debt-free businesses are best

(01:10:32) - Index investing

(01:11:55) - Cryptocurrency

(01:12:49) - Knowledge is cumulative

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Mohnish Pabrai's Session at The University of Nebraska, Omaha on May 3, 2024

Chai with Pabrai