Stig Brodersen talks with legendary value investor Mohnish Pabrai. Since its inception in 1999, one dollar invested in the flagship fund would have grown to $17.29, compared with $6.29 for the S&P 500. In the special interview, you can join Mohnish and Stig’s discussion on Berkshire Hathaway, investing mistakes, and the importance of letting winners run. What you'll learn here: 00:00:00 - Intro 00:01:12 - Whether Greg Abel’s compensation is fair 00:04:27 - Why most investments fail, and why that’s okay (the “4% rule”) 00:10:37 - Whether to own Berkshire Hathaway or the S&P500 over the next century 00:22:35 - Why Stig thinks that Mohnish diversifies too much 00:25:19 - Why good asset managers should eventually have 95% of their portfolio in one stock 00:30:17 - How Mohnish met Michael Burry 00:54:04 - What Mohnish learned from his best friend Guy Spier Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/mohnish-pabrai-berkshire-letting-winners-run/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Mohnish Pabrai on Investing and Life Lessons: https://youtu.be/bbdEsPAPq9M - Mohnish Pabrai's Inner Scorecard: https://youtu.be/8iAbXswCdIA - Mohnish Pabrai on The Power of Compounding: https://youtu.be/HR_gJ6WOe60 📖 Book Mentioned: - What I Learned From Darwin About Investing by Pulak Prasad: https://amzn.to/4eV1t7K Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor's Podcast Network. Written permission must be granted before syndication or rebroadcasting. #MohnishPabrai #ValueInvesting #BerkshireHathaway #WarrenBuffett #InvestingLessons