TIP121: Super-Investor Mohnish Pabrai (Part 2)



In this second part interview with Mohnish Pabrai, Preston and Stig discuss some of the finer details of Pabrai’s investing approach.  Recently, the airline industry has had enormous amounts of market consolidation and a few stocks seem to have favorable valuations.  Mohnish shares his opinions on these potential opportunities and how he views the long term prospects.

Although Mohnish has had triple digit returns on his fund since it’s inception in 2000, he discloses some of his biggest errors that have occurred.  For anyone looking to refine their own approach to investing in the markets, this discussion will give you lucrative ways think about mistakes and errors.

In this episode, you’ll learn:

  • Why Mohnish Pabrai recently invested in Southwest Airlines.
  • What Mohnish Pabrai’s biggest investment mistake is, and how he later made more than $100 million because of it.
  • If Warren Buffett and Charlie Munger consider any macro decisions in their investment approach.
  • Why the airline industry is a terrible sector, but might still be a great investment at the moment.

Tweet your comments about this episode directly to Preston, Stig, and the rest of The Investor’s Podcast Community using #TIPMoney.

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Books and Resources Mentioned in this Podcast

Mohnish’s new website: Chai with Pabrai

Mohnish’s Book, The Dhandho Investor – Read Reviews for this book

Mohnish’s Youtube Channel

Mohnish’s Twitter

Kevin Freiberg’s book, Nuts – Read reviews of this book

Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book

Sam Walton’s book, Made in America – Read reviews of this book



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