This Guy Copy-Pasted Warren Buffett’s Strategy (And Became A Billionaire)

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Shaan Puri sits down with Mohnish Pabrai for a rare interview about value investing.

Mohnish is sometimes called the "Indian Warren Buffett" for his track record of value investing. In this podcast they talk about how founders can become great investors, how to avoid big mistakes, and lessons learned from Buffett & Munger.


Show Notes:
(0:00) Intro
(1:41) Why entrepreneurs make the best investors
(4:40) How Warren Buffett’s pre-paid for his college education
(9:56) Becoming Ben Graham’s Protege
(13:57) What Buffett learned about branding from See’s Candies
(17:53) Buffett’s failed play to be a candy mogul
(20:54) Identifying offering gaps
(21:47) Getting an MBA at age 14 as the son of an entrepreneur
(26:12) The 3 tells of a future millionaire
(28:49) Mohnish builds his first product with maxed out credit cards at 24
(31:21) The 168 hour framework
(33:56) “Entrepreneurs do not take risks”
(36:10) How Richard Branson launches Virgin Atlantic with no money
(39:09) How 0.1 percent of the population owns 70 percent of all the motels in America
(43:45) The unfair advantage of being a low-cost producer
(44:49) How Mohnish turned his first million into $13M in 5 years
(48:18) Pabrai Funds grows to $600M in assets in less than 10 years
(49:42) What Mohnish knows about fundraising that we don’t
(55:46) Pivoting from tech investments in 1999 to value investments
(58:50) $2M lunch with Warren Buffett
(1:04:15) Be a harsh grader of people
(1:08:09) The Givers, The Takers, and The Matchers
(1:11:30) “Heads I win, tails I don’t lose much”
(1:16:41) Private markets v public auctions
(1:21:15) The #1 trait that makes a great investor
(1:22:50) What people of Reddit think of Mohnish Pabrai
(1:24:26) Starting capital, annual rate of return, length of runway
(1:25:04) The rule of 72
(1:26:03) “The most important rule in life is how long something takes to double”
(1:30:21) Circle the Wagons Philosophy
(1:32:14) Losing $3B in one unfortunate event
(1:37:34) Be fearful when the world is greedy; Be greedy when the world is fearful
(1:38:34) What a value investor thinks of bitcoin
(1:39:50) Nick Sleep bets
(1:52:49) The Best Of: Capital Allocators


Links:
• The Intelligent Investor –
• The Dhandho Investor –
• Mohnish on Twitter –


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My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

51 thoughts on “This Guy Copy-Pasted Warren Buffett’s Strategy (And Became A Billionaire)

  1. I don’t think we realize how lucky we are to have this podcast interview with Mohnish.

    1. 🤣😂😂 Mohnish is just talk. He has no record of achieving anything at all.

    2. Imagine a prospective PE firm offers you a position and subsequently comes across this comment. I’d rescind that offer.

    3. i had the same thought. Basing it on tbe Hindu way of life, I would say Mohnish, Warren,Charlie and such thinkers can be called Saints of Capitalism though it might sound weird. I want to live my life like these people

    4. I hope we realize though, that everyone won’t be nearly as lucky as Pabrai if you practice a strategy like that.

  2. I haven’t even watched yet but I think this is early candidate for episode of the year.

  3. Most valuable interview yet. Wisdom about starting, not just expanding existing wealth.

  4. Was looking forward to this one since you mentioned it a month ago. Thank you so much for bringing Mohnish on. Love this guy! At this point, maybe I should do a documentary about him 😀

    1. ​@@lennard3204зддддд😊😊йййййпйй❤❤й❤ййиййс ❤й

  5. First time commenting here. Mohnish, you’re an inspiration for every immigrant hustling to make it, and Shawn, you were amazing. Listening to this brought both tears and joy.

  6. Unreal, this video is easily the best yet. Monish is a next level mind! The first 10 minutes around children was a life changing paradigm shift

    1. Really not hearing anything special here. Half way in and no real numbers brought up nor covering the growth at each phase. It’s generic talk with no real substance. This whole thing can be a few Tik Tok shorts or a 10 minute video and another exposing the bullet points.

  7. The greatest episode ever. Wisdom, psychology of money, how to start, how to grow, how to execute, how to invest, how to be rich and how to give. Just wow.

  8. I had never heard of Mohnish before Shaan mentioned him a couple weeks ago, but seriously I think this guy a gem of a find.. he seems so genuine and he’s not trying to push some agenda.. just sharing his thoughts and lessons.. he seems chill and really values his life and time.. I hope to keep these thoughts in mind throughout my life so that I can try to craft a life similar (at much less magnitude) to his! Awesome conversation

    1. Yes agree,too much interruption. Actually he wants to speak much not the guest😂

  9. I just started listening and I caught myself thinking – this podcast is my favorite piece of content out there

  10. Very impactful session. Can’t remember the last time I completed a full interview on YouTube. Thanks for the interview.

  11. 2 hours of pure gold!
    Phenomenal mind, and great ability to explain things in a digestible way. One of my favorites on MFM

  12. 1:58:06 when he spoke about Charlie Munger, I had a burst of laugh and then a tear in my eyes. That story of reading 📚 was fantastic. Thank you so much for sharing such a wonderful story about him. That is how a man should be, no complaints, just go on.

  13. This is by far THE BEST mohnish interiew I saw. The interviewer was GREAT and had excellent scope of questions. Mohnish was focused and mentioned the most important attributes of an investor and shared great stories. THANK YOU !!! 🌹🌺🌻🌼🌷

  14. Just learnt few ways productivity can be managed, Appreciate the sense of detailed content…Everything can be made easier although a lot of ways to gamble on productivity has made it tough, It’s so common that to some extent you have to participate at least attempt to get ahead and hopefully secure a comfortable retirement. Money sitting in the bank does not grow, money not invested well can be unproductive

    1. Could be anything, real estates, stocks, bonds, anything… Just make sure you just don’t buy anything but something you’ve looked into properly and objectively… If you don’t have the time, you could use an F.A or realtor or any expert there… For me, it was stocks because it was the cheapest to get into. I have made up to 400,000 in profits with a guide, There are more options these days..

    2. Totally settle on utilizing an aide, yet where do one even track down a decent F.A ? I’m prepared to get serious about expending, however the choices out there are overpowering

    3. Consistent results aren’t luck. Research was the challenge however it led to Lisa Michelle Pacillas, a top CFA well known with an impressive strategy.

    1. I usually don’t comment at all but here i am pushed out of my comfort zone to comment.

      I am seasoned investor and this really solidifies a lot of my knowledge.

      This is a master class , this is worth its weight in gold.
      Drop another

  15. His father was an investor and he bought his first stock at 11 years old. If anyone is wondering where his acumen started, there it is. It’s like pro sports players, singers, actors, many who are successful, the seeds were likely planted well before they were aware of their potential trajectory.

    1. Are you talking about Mohnish or Warren? Warren did that yes, but that doesn’t explain Mohnish. People wanna make excuses for why they aren’t successful rather than taking action. Even if you don’t become crazy wealthy, you could make enough that your kids could be.

  16. Kind of ironic that “the Indian Warren Buffett” spent the first 15 minutes of the segment talking about the actual Warren Buffett.

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