Video Link: https://youtu.be/em5QfPSZGTc
In this episode, Mohnish Pabrai talks about why you cannot pursue value investing without understanding Warren Buffett and Charlie Munger? And how both of them influence his life?
In this episode, you’ll learn:
How Warren Buffett and Charlie Munger influence Mohnish Pabrai?
What Mohnish Pabrai learned from Warren Buffett and Charlie Munger?
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MOHNISH PABRAI 00:00
Okay, well that's a good question. I might have to think about it for a second. I mean I would say that –
Let me put it this way, I would say that value investing led me to Warren Buffett and Charlie Munger. And I picked up a whole bunch of values, which have nothing to do with investing from these guys.
Right – and when I saw specifically in actually both their cases that they really didn't care about the money they were making. I mean they – I think it's way of keeping score for them, especially Warren. But it hasn't [Inaudible] impact on their lifetime. You know, they don't – they are not really spending the money, when they give it away, all those sort of thing.
And so I think some of that has rub off on me. Probably not to the extent that it's with them. So I think it rounds you, I think some of those – if you pursue value investing, you cannot pursue it without understanding Warren Buffett and Charlie Munger.
You understand them as people and as human, they are as high quality as you can possibly get. And if you emulate their qualities unrelated to investing, the only thing that can happen is, it can improve your life.
So I think for me personally, there would not been for example, there would not have been a Dakshana if I were not influence by Warren Buffett. Right – so that is not Warren Buffett the value investor, that's Warren Buffett the philanthropist.
Right and so I won't have had the values of – you know, the fallacy of having large inheritance. You know, my kids are not interested in [Inaudible] expenses as neither am I. And again that's [Inaudible] through because of the influence of Warren and Charlie.
So I think there are many many things that I picked up from them that either I never pay attention to or I never thought about it. And so that has been useful. And with that thank you very much.