lystn

Mohnish Pabrai gives the keynote speech at the 8th Morningstar Investment Conference in Mumbai, India on October 24, 2018 and discusses the 10 Commandments of Investment Management.

(00:00:00) - Introduction

(00:02:05) - Commandment 1: Thou shall not skim off the top

(00:04:21) - Commandment 2: Thou shall not have an investing team

(00:06:24) - Commandment 3: Thou shall accept that thou shall be wrong at least 1/3rd of the time

(00:07:47) - Commandment 4: Thou shall look for hidden P/E of 1 stocks

(00:09:28) - Rain Industries

(00:11:11) - Commandment 5: Thou shall never use Excel

(00:12:06) - Commandment 6: Thou shall always have a rope to climb out of deepest wells

(00:17:53) - Commandment 7: Thou shall be singularly focused like Arjuna

(00:20:18) - Commandment 8: Thou shall never short

(00:21:43) - Commandment 9: Thou shall not be leveraged. Neither a lender nor a borrower be

(00:23:43) - Commandment 10: Thou shall be shameless cloner

(00:24:08) - Lunch with Buffett

(00:26:41) - Inner scorecard vs. outer scorecard

(00:27:42) - Portfolio concentration

(00:29:21) - Growth vs. value investing

(00:30:56) - Motherson Sumi

(00:31:36) - Invest in growing pies

(00:34:53) - Fee structure

(00:37:24) - Investing in India

(00:39:44) - Poor Charlie's Almanack