On today’s show, Stig Brodersen talks with legendary value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have grown to $17.29, compared with $6.29 for the S&P 500. In the special interview, you can join Mohnish and Stig’s discussion on Berkshire Hathaway, investing mistakes, and the importance of letting winners run.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:53 - Whether Greg Abel’s compensation is fair
00:05:21 - Why most investments fail, and why that’s okay (the “4% rule”)
00:11:40 - Whether to own Berkshire Hathaway or the S&P500 over the next century 
00:28:23 - Why Stig thinks that Mohnish diversifies too much
00:31:04 - Why good asset managers should eventually have 95% of their portfolio in one stock
00:36:21 - How Mohnish met Michael Burry
01:04:50 - What Mohnish learned from his best friend Guy Spier
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
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 <li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>.</li>
 <li>Mohnish Pabrai’s <a href="http://www.chaiwithpabrai.com/">website</a>.</li>
 <li>Learn more about Mohnish Pabrai’s <a href="https://dakshana.org/">Dakshana Foundation</a>.
</li>
 <li>Our interviews with Mohnish Pabrai about <a href="https://www.theinvestorspodcast.com/episodes/investing-and-life-lessons-w-mohnish-pabrai/">Investing and Life Lessons</a>.</li>
 <li>Our interviews with Mohnish Pabrai about <a href="https://www.theinvestorspodcast.com/episodes/the-inner-scorecard-w-mohnish-pabrai/">The Inner Scorecard</a>.</li>
 <li>Our interviews with Mohnish Pabrai about <a href="https://www.theinvestorspodcast.com/episodes/masterclass-w-mohnish-pabrai/">Masterclass Investing</a>. </li>
 <li>Our interviews with Mohnish Pabrai about <a href="https://www.theinvestorspodcast.com/episodes/investing-in-stocks-w-mohnish-pabrai/">investing in stocks</a>.</li>
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