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Episode 705: Shaan Puri ( ) sits down with Mohnish Pabrai ( ) about how to turn $10K into $1M.
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Show Notes:
(0:00) Simple = Genius
(28:09) Never over-leverage
(30:15) Risk vs uncertainty
(32:50) Too hard pile
(34:25) Be 1 inch wide, 1 mile deep
(38:12) Learn from losers
(43:30) A case for napping
(48:00) Having an owner’s manual
(53:00) Dying with zero
(1:09:45) India’s Greatest Investor
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Links:
• Value Investors Club –
• Japan Company Handbook –
• Dakshana –
• BJ21 –
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Check Out Shaan's Stuff:
• Shaan's weekly email –
• Visit to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.
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Check Out Sam's Stuff:
• Hampton –
• Ideation Bootcamp –
• Copy That –
• Hampton Wealth Survey –
• Sam’s List –
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
*Want to invest like a Billionaire? Get Mohnish’s investment playbook:* https://clickhubspot.com/wmp
I would like to try the personality that mohnish mentioned
@myfirstmillion Do you know where I can get it done?
Mohnish Pabrai. Com
This guy was so mad that we were not going out of 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
Well done Mohnish
Always keeping it real my brother
Best podcast I’m seen in a long time. As everyone is probably saying: “I wish I seen this when I was young”. Sending this to my son!
Need Mohnish once every 2 months at least. I wish he was my Grandpa. Could listen to his wisdom all day.
Fr
Grandpa Monish please read me a Value Investors Club write up as a bedtime story
@@roxxxxxyfanboy! U wouldn’t say the same if u have invested in his ETF which has tanked for six months now.
That will be too much, once every 6 months
@@therandomchannel9226that’s ludicrous just because his ETF went down in the short term mean nothing. You have a lot to learn about investing.
He is right about Inch wide and Mile deep. Even Shaan said the same in a different words “You can do anything but you cant do evrything”
i’m glad you agree. i was unsure when Monish the billionaire said it but now you’ve reaffirmed the statement in a youtube comment section i know it must be true
Monish comes across as authentic, self-deprecating, very, very smart and wonderfully generous. What a great human being. Thank you both.
😂
Monish comes across as if he paid for your comment 😂
Interesting guy but come on the interviewer just let him say anything.
FFS
Someone’s been hoodwinked
He is your father 🧑 Luke
Mohnish is so skilled at distilling complex scenarios into language us normies can understand
Highest level of intelligence!
hahaahah
I could listen to this guy for days
For me, it’s like they’re speaking a language that I could never understand. Too much jargon. Too starchy.
Thanks for this. Learned a lot. 1) make important decisions in the morning. 2) have an investment vehicle that compounds. 3) wait for amazing no brainer ideas to show up, so don’t bother with excel 4) don’t be in a rush by using leverage. 5) use 10% to 15% on great no brainer ideas and let it run. 6) invest in poor people to get the highest ROI.
Brilliant ideas.
“Great no brainer ideas” is so vauge. How does one know what a great idea is?
😂😂😂
@@wallofsoundandmusic345 a no brainer is like nuclear stocks,with ai well need more power ,so where we gonna get it?nuclear is a definite thing that will be ,then you do your research.defense another no brainer,
invest in smart poor people! that is.
Mohnish is a great teacher. Unlike Buffett who mostly gives top level view, I appreciate Mohnish’s deep dive on the subjects.
I regret watching this episode on Shaan’s channel. He edited half an hour out which you’ll find on Mohnish Pabrai’s channel. Now I have to listen to that whole lecture to find the buried half hour that Shaan decided to edit out as if he can judge which of what Mohnish shared is valuable.
Next time Mohnish does an interview here I’m going straight to his channel instead.
Problem with putting it all into Berkshire… without Warren and Charlie there, is it really Berkshire Hathaway any more? It would be great if you ask him this next time you speak to him…
Those two are obviously fundamental. However, the kind of people that they have appointed to all the important positions reflect their skills as business operators. Those people intern will appoint people so it’s quite possible that their DNA is built into that organization at this point. Plus, Buffett it is still alive, and will remain on the board and will continue to advise, especially on investment decisions.
who knows? ive been invested in Berkshire B for a long time. i just hit 255% returns in about 15 yrs. easy money.
It’s quite possible that Berkshire Hathaway could do better in the next 50 years vs Warren Buffet’s entire tenure. Warren regrets not buying Apple stock earlier.
@@Bigmo9861but using that logic, any actively managed fund can do better than Berkshire Hathaway over the next 50 years 🤷♀️
What was Berkshire Hathaway if it wasn’t for Buffet and Munger, now it’s just another managed fund, and there’s 10,000s of them.
@@kygoBerkshire’s private businesses is about 65% of the company portfolio. Load up on Berkshire stock right now.
I wish I would have listened to Warren Buffet when I was in my 20s.
The crazy part is that his wisdom has been publicly available for ages and almost none of us actually listen to him and do it.
Thank you for this comment, I just turned 20 and will surely learn from your mistakes.
We all do lol
He looks like he owns a magic candy shop
lol
Swear!😌
W Flapjack Reference
😂😅
😂
1:28 “Have a Job!!”
great advice 👍
Not the answer that people want to hear, but the answer that people need to hear 🤗
Clickbait! The video did not provide a strategy to make 1 million from 10k investment in 3 years.
He gave a lot of brain your money mind is just not mature enough to hear it 💯
@@thebigtoytruck498 I am impressed that you heard the 3 year 100 fold strategy.
Making 10k with a million is much more easy. Just diversify into solid divident stocks.
of course not, what were you expending? IS IMPOSSIBLE. thats why no one gonna give you an answer. it was a dumb question to start with
@CanYaman-s5v i just love these fake scammer bots
Soooooooo…..How do I go from 10k to 1mil in 3 years?
If you play the Market by the books, it will never happen. But with a skilled pro maybe in 4 or 5 years. Mine cooked me a 47% portfolio, on my way to 7 figures.
Play the Market normally and it will never happen. With a skilled pro in 4 or 5 years. Mine cooked me a 47% portfolio, on my way to 7 figures.
she is, Paula Kay Wilson is always putting Me ahead of the curve. You can look her up online if you’d like to know more.
@@laughlynxxx Pics or didn’t happen.
@@laughlynxxxthat 100% a bot
I am 70 and was never a high earner, but never a big spender either. Now that I am retired I see that diversifying where I put my money was the best thing I could do. My 401K seemed fine but I just put in enough to get my match, had a Roth outside where I put the max in every year and bought a house and a rental house. I didn’t know much about stocks but every month I put a hundred dollars into safe, boring, dividend paying stocks like Proctor and Gamble, General Mills, drug companies. I’ve lived through multiple down turns but my boring stocks were stable. After always reinvesting the dividends I started having the sent to me when I retired. The monthly check is equal to what I get for social security. Listen to your heart and what you are comfortable with.
How old were you when you started your accounts?
@@John_421-ub12i was 40 until 65, so 25 years.
Thanks 🙏 for the invest advice.
@@John_421-ub12I was 40 and retired at 65.
Your pay check is not boring at all – congratulations
And Mr Mohnish iv missed about 3 major ones already…AMD rocketing from $24 to 75 and eventually to $200 , the then what would have been to switch to Nvidia cuz i did tell others to run that , and before that i believe i saw Tesla skyrocketing and told the wrong ppl who didnt listen- their tripple stock split. That theoretically would make 24k into bout 500k-2M. For guys with more capital , millions. And i know they are not easy to see with certainty and dont come around often.
I want a balanced portfolio with growth investments, safe investments, and also focus on dividends to gain up to $20K monthly, my concern is picking the right stocks that can survive a recession. How do i go about this ?
In this current unstable markets, It is advisable to diversify while retaining 70–80% in secure investments. Depending on the worth of your portfolio, you should consider financial advisory.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
massive gains! mind sharing details of your adviser pleas? i’ve started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
She goes by *Marina Michelle Tutulea* I suggest you look her up. To be honest, I almost didn’t buy the idea of letting someone handle growing my finance, but so glad I did.
Brilliant advice!!! Put your money in Berk B instead of the Index!!
Mohnish met with Michael Burry before the GFC hit; Michael told him the whole game…but Mohnish didn’t fell that he understood what CDSes were, so he walked away confused (according to his telling)… That’s both brilliant and hilarious!!! Even better that he tells the story!! Superb!
Not investing in the s&p in 2025 is not aging well