Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - October 8, 2020
Distinguished Speaker Series
Applied Fundamental Analysis & Worldly Value investing
Professor Arvind Navaratnam
(00:00:00) - Introduction
(00:01:09) - Bull! A history of boom and bust, 1982-2004
(00:01:32) - The Dow (1896-2020)
(00:10:36) - NASDAQ (1971-2020)
(00:13:26) - Nikkei (1970-2020)
(00:14:29) - Kospi (1980-2020)
(00:15:37) - “Old too soon, wise too late”- Charlie Munger
(00:17:48) - NVR business
(00:19:13) - Nick Sleep
(00:22:50) - Extreme undervaluation to extreme overvaluation
(00:23:43) - Great compounder or great carnival
(00:24:53) - Investing failures
(00:26:43) - Valuating a company
(00:31:58) - Retails
(00:40:40) - Where to start?
(00:46:37) - Managing portfolio during pandemic
(00:50:11) - Value investing is not dead
(00:51:07) - Optionality in a business
(00:55:09) - Long runway
(00:57:28) - Identifying moats
(01:00:48) - Opportunity cost
(01:04:58) - Shameless Cloning
(01:09:03) - Pre-investment checklist
(01:11:46) - Investment in IPSCO and Turkey
(01:15:55) - Kelly formula
(01:19:40) - Quality of management team
(01:22:25) - Advise for students
