IN THIS EPISODE, YOU’LL LEARN<ul><li>00:02:41 - How an introduction from Warren Buffett led to Mohnish’s friendship with Charlie Munger.</li><li>00:04:46 - What it’s been like to hang out with Charlie over the last 14 years.&nbsp;</li><li>00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.”</li><li>00:18:59 - How Warren and Charlie differ from each other as investors.</li><li>00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time.</li><li>00:42:34 - Why it’s helpful to know that even the best investors are wrong a third or half of the time.</li><li>00:43:18 - How a checklist and other “circuit breakers” can help you to reduce your error rate.</li><li>01:00:53 - Why Mohnish and Charlie believe it’s a huge competitive advantage to be ethical.</li><li>01:03:56 - How Mohnish decides whether or not to build a relationship with someone.&nbsp;</li><li>01:12:55 - How he’s changed, becoming more committed to serving others as selflessly as possible.</li><li>01:15:19 - What Mohnish figured out about how to parent his daughters.</li><li>01:24:01 - How the power principles he learned from David Hawkins have changed his life.</li><li>01:25:16 - Why it’s so valuable to be candid and to “bare your soul.”</li><li>01:39:52 - Where Mohnish wants his ashes to be scattered after he dies.</li></ul>﻿*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Mohnish Pabrai’s website, <a href="http://www.chaiwithpabrai.com/" rel="noopener noreferrer" target="_blank">Chai with Pabrai</a>.</li><li>Mohnish’s book, <a href="https://www.amazon.com/Dhandho-Investor-Low-Risk-Method-Returns/dp/047004389X/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1654797417&sr=1-3" rel="noopener noreferrer" target="_blank">The Dhando Investor</a>.</li><li>Learn more about Mohnish’s <a href="https://www.dakshana.org/" rel="noopener noreferrer" target="_blank">Dakshana Foundation</a>.</li><li>Stig Brodersen’s latest <a href="https://www.theinvestorspodcast.com/episodes/investing-in-stocks-w-mohnish-pabrai/" rel="noopener noreferrer" target="_blank">interview</a> with Mohnish about stock investing.</li><li>William Green’s book, “Richer, Wiser, Happier” – <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856" rel="noopener noreferrer" target="_blank">read the reviews of this book</a>.</li><li>Mohnish explains <a href="https://www.youtube.com/watch?app=desktop&v=OmrVUxTGENw" rel="noopener noreferrer" target="_blank">how “Richer, Wiser, Happier” transformed his investing approach</a>.</li><li>David Hawkins’ books “<a href="https://www.amazon.com/David-R-Hawkins-Determinants-Behavior/dp/B00HTJOEAW/ref=sr_1_2?crid=1XWWWG40T44IO&keywords=power+vs+force+by+david+hawkins&qid=1654799920&s=books&sprefix=power+vs+%2Cstripbooks%2C106&sr=1-2" rel="noopener noreferrer" target="_blank">Power vs Force</a>,” “<a href="https://www.amazon.com/Letting-David-Hawkins-M-D-Ph-D/dp/1401945015/ref=sr_1_1?crid=1L2L9DXQRTG3D&keywords=letting+go+by+david+hawkins&qid=1654799968&s=books&sprefix=letting+go%2Cstripbooks%2C58&sr=1-1" rel="noopener noreferrer" target="_blank">Letting Go</a>,” and “<a href="https://www.amazon.com/Eye-Which-Nothing-Hidden/dp/140194504X/ref=sr_1_1?crid=1D4C1GKDIVQUD&keywords=the+eye+of+the+i+by+david+hawkins&qid=1654800029&s=books&sprefix=the+eye+of+the+i+%2Cstripbooks%2C52&sr=1-1" rel="noopener noreferrer" target="_blank">The Eye of the I</a>.”</li><li>William Green’s <a href="https://twitter.com/williamgreen72" rel="noopener noreferrer" target="_blank">Twitter</a>.</li><li>Every 28 seconds an entrepreneur makes their first sale on&nbsp;<a href="https://shopify.com/wsb" rel="noopener noreferrer" target="_blank">Shopify</a>. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!</li><li>Find Pros & Fair Pricing for Any Home Project for Free with&nbsp;<a href="http://angi.com/" rel="noopener noreferrer" target="_blank">Angi</a>.</li><li>Invest in crypto and trade it without tax headaches with&nbsp;<a href="https://www.altoira.com/study" rel="noopener noreferrer" target="_blank">AltoIRA</a>.</li><li>Updating your wardrobe or just simply looking for a new fall flannel? Head to&nbsp;<a href="https://mizzenandmain.com/" rel="noopener noreferrer" target="_blank">Mizzen+Main</a>&nbsp;and use promo code WSB to receive $35 off an order of $125 or more!</li><li>Break into the multifamily investing space or level up your investing game. Learn these at the&nbsp;<a href="http://mfincon.com/" rel="noopener noreferrer" target="_blank">Multifamily Investor Nation Convention</a>. Visit&nbsp;<a href="http://mfincon.com/" rel="noopener noreferrer" target="_blank">mfincon.com</a>&nbsp;for details and tickets. Use promo code TIP to get $200 off your tickets.</li><li>Try out&nbsp;<a href="https://rhoback.com/" rel="noopener noreferrer" target="_blank">Rhoback</a>’s performance polos, q-zips, or hoodies and bring a new meaning to the word comfortable. Use the code STUDY and get 20% off your first order.</li><li>Get a FREE Wealth Protection Kit and learn how thousands are protecting their retirement savings and adding $10,000 (or more) in free Silver with <a href="https://goldco.com/Investors" rel="noopener noreferrer" target="_blank">Goldco</a>.</li><li>Personalize your plans in improving your metabolism, reducing stress, improving sleep, and optimizing your health with InsideTracker. Use discount code TIP to get 20% off the entire&nbsp;<a href="https://insidetracker.com/TIP" rel="noopener noreferrer" target="_blank">InsideTracker</a>&nbsp;store.</li><li>Gain the skills you need to move your career a level up when you enroll in a&nbsp;<a href="https://www.swinburneonline.edu.au/" rel="noopener noreferrer" target="_blank">Swinburne Online</a>&nbsp;Business Degree. Search Swinburne Online today.</li><li>Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with&nbsp;<a href="https://avast.com/" rel="noopener noreferrer" target="_blank">Avast One</a>.</li><li>Depend on&nbsp;<a href="http://rbcwealthmanagement.com/plan" rel="noopener noreferrer" target="_blank">RBC Wealth Management</a>’s investment expertise to build a plan that helps you strengthen your financial security no matter where you are in life.</li><li>Meet every business challenge -- from point of sale to eCommerce, staff management, business operations, costumer solutions, and so much more by using&nbsp;<a href="https://squareup.com/" rel="noopener noreferrer" target="_blank">Square</a>’s customized and connected tools.</li><li>Get 50% off&nbsp;<a href="https://remote.com/" rel="noopener noreferrer" target="_blank">Remote</a>’s full suite of global employment solutions for your first employee for three months. Just visit&nbsp;<a href="http://remote.com/" rel="noopener noreferrer" target="_blank">remote.com</a>&nbsp;and use promo code WSB.</li><li>Our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>New to the show? 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RWH008: Playing to Win w/ Investing Guru Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network