Get Mohnish’s 9 investment principles: https://clickhubspot.com/kwdo
Episode 827: Shaan Puri ( https://x.com/ShaanVP ) sits down with Mohnish Pabrai to break down the mental models that made him a billionaire value investor.
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Show Notes:
(0:00) Intro
(1:25) Mental models of the top 1%
(3:38) The mistress is always hotter than the wife
(6:37) Introduce Randomness in your life
(10:47) Humans are poor at copying
(20:13) Take a simple idea seriously
(23:02) Be and inch wide and a mile deep
(30:29) Never use Excel
(35:03) Wait for fat pitches
(39:38) the stock market is like a church with a casino
(44:01) Paying $650,000 to have lunch with Warren Buffett
(45:43) The cautionary tale of Rick Guerin
(47:22) The inner score card
(49:25) The future of Berkshire Hathaway
(51:29) Mohnish’s best investment
(1:02:39) The hardest question
(1:06:16) How to beat the index
(1:11:25) Mohnish’s stock picks for 2026
(1:22:26) S&P 500
(1:24:57) life advice disguised as investing advice
(1:29:32) Studying the greatest investors
(1:37:51) if you remember nothing else, remember this
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Links:
Mohnish Part 1: This Guy Copy-Pasted Warren Buffett’s Strategy (And Became A Billionaire)
Mohnish Part 2: Go from $10,000 to $1M in just 3 years
The Dhando Investor – https://a.co/d/0hkx1t8g
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My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
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