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
(00:04:19) - Book: One thousand way to make $1000
(00:05:41) - The power of compounding
(00:08:23) - Rule of 72
(00:15:58) - The Wilson Coin Company
(00:24:12) - 3 variables in Compounding
(00:30:20) - Compounding @ 26%
(00:36:45) - Lesson learnt from owning an Insurance company
(00:39:57) - Zero management fees
(00:42:48) - Guy Spier
(00:45:07) - Investment outside US (India & China)
(00:49:54) - Investing in Berkshire Hathaway
(00:51:30) - Change in investment strategy
(00:53:55) - Managing personal assets
(00:56:59) - Finding the true value of a company
(01:07:36) - Stop-losses are dumb
(01:14:48) - My Worst Investment
(01:32:26) - Circle of Competence
(01:38:41) - Conviction
