Mohnish Pabrai Lecture at Peking University (Guanghua School of Mgmt) - Dec 22, 2017
Prof. Jiang Guohua's Value Investing Course
"Compounding is the 8th Wonder of the World"
(00:00:00) - Introduction
(00:04:12) - Book: One thousand way to make $1000
(00:05:39) - The power of compounding
(00:08:17) - Rule of 72
(00:15:55) - The Wilson Coin Company
(00:24:08) - 3 variables in Compounding
(00:30:17) - Compounding @ 26%
(00:36:43) - Lesson learnt from owning an Insurance company
(00:39:55) - Zero management fees
(00:42:46) - Guy Spier
(00:45:03) - Investment outside US (India & China)
(00:49:49) - Investing in Berkshire Hathaway
(00:51:25) - Change in investment strategy
(00:53:49) - Managing personal assets
(00:56:52) - Finding the true value of a company
(01:07:32) - Stop-losses are dumb
(01:14:50) - My Worst Investment
(01:32:19) - Circle of Competence
(01:38:34) - Conviction
