Is copying Warren Buffett the fastest way to get rich? Mohnish Pabrai reveals the strategy to turn 1K into 10K in 30 days, quit your job safely, build passive income, and master the step-by-step formula millionaires actually use!
Mohnish Pabrai is a renowned value investor and founder of Pabrai Funds, who is best known for his successful implementation of Warren Buffett’s value investing principles. He is also the bestselling author of books such as, ‘The Dhandho Investor’, which guides people on low-risk, high-return investing.
He explains:
⬛Why building passive income is simpler than you think
⬛How to build a business or portfolio with no risk
⬛Why copying ideas made Mohnish a millionaire
⬛How to find low-risk, high-reward investment opportunities
⬛Why 99% of people follow the wrong advice about money
00:00 Intro
02:14 Mental Models for Business and Investing
13:55 Never Start a Company for This Reason—It’ll Fail
16:13 How to Focus Your Sales and Pitches
20:41 The Importance of Attention to Detail
26:27 Why the Low Engagement in 9–5 Jobs
34:31 How to Reach Financial Freedom
42:57 You Have to Reach Out to Thousands of Places
45:15 Signal vs. Noise Ratio
47:35 Ads
52:25 The 3 Categories All Humans Fall Into
56:22 How to Scale Your Company as a Solopreneur
59:12 Mastering the Art of Hiring
01:01:16 Hire Slow, Fire Fast
01:02:47 Do People Build More Wealth from Business or Investing?
01:05:59 The Magic of Compounding
01:10:57 How to Invest in Indexes
01:13:48 Ads
01:15:58 Why Do They Call You the Dhandho Investor?
01:17:33 The Patels’ Framework to Take Over the U.S. Motel Industry
01:20:57 Heads I Win, Tails I Don’t Lose Much
01:21:54 What Is the New Opportunity in the AI Era?
01:26:21 Business Moats
01:27:33 Loyalty Points Models
01:29:41 Is Apple a Good Investment?
01:34:43 The Importance of Making Fewer Big and Infrequent Bets
01:37:22 Is Day Trading Worth It? Can You Make Money from It?
01:38:03 Circling the Wagons
01:40:50 Your Worst Ever Financial Decision
Follow Mohnish:
Instagram – https://bit.ly/4lCFFO6
YouTube – https://bit.ly/4fKRroh
You can purchase Mohnish’s book, ‘The Dhandho Investor: The Low-Risk Value Method to High Returns’, here: https://amzn.to/4oLy4iZ
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Bill Gates,no es ejemplo de nada para NADIE,es el personaje más nefasto que ha venido a dañar la humanidad!!
He is absolutely right
I’m looking for small investors, I’m not looking for a lot of money because I have most machines needed for business. Please message me if interested in my business plan. I’m on the east coast in New England
"You have an orgasm every hour"
Never thought would hear this on youtube, first time for everything i guess
I love this because it doesnt try to "Force" an image of whiteness. It hears from all voices, that's the best way to advancing as humans. Not artificial control of who gets to be seen as the intelligent ones.
I ran this episode through Cognify, and the insights from Monish Pabrai are gold for anyone who wants to build wealth without unnecessary risk.
Key Takeaways:
Low-risk mindset: The best investors structure decisions so that if they lose, they lose nothing but if they win, they win big.
Clone intelligently: Innovation isn’t always about being first it’s about improving what already works. Microsoft, for example, mastered cloning.
Protect your base: Don’t quit your day job too early let someone else pay your bills while you test and build.
Mental models compound: When you layer principles like circle of competence, skin in the game, and low-hanging fruit, you turn 1 + 1 into 11.
Indeed it is a Game of Inches
Caution: These strategies are for the First World – don't try to clone it in the Third word 🤣 However, it's a great podcast and I enjoyed the conversation. Mohnish is an inspiring soul.
Mohnish is a fantastic storyteller, wise and extremely likable. Engaging interview.
Phenomenal!!!!