[{"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": "Constellation Software", "market": "United States", "type": "owns", "quote": "we are in", "context": "Pabrai invested in Constellation when it traded at teens multiple, attracted by its unique M&A model and 20-25% cash flow growth", "confidence": 95}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": null, "market": "United States", "type": "owns", "quote": "my bets like you know uh airports coal uh warehouses constellation", "context": "Pabrai lists his current portfolio including airports, coal, warehouses, and constellation", "confidence": 90}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": null, "market": "United States", "type": "bullish", "quote": "the advantage will go to the incumbents", "context": "Pabrai believes vertical SaaS incumbents will benefit from AI reducing costs while maintaining cash flows", "confidence": 85}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": null, "market": "United States", "type": "bullish", "quote": "the hated and unloved bucket is SAS companies, vertical SAS companies", "context": "Pabrai sees vertical SaaS companies as currently undervalued and in his opportunity zone", "confidence": 85}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": "Wagon", "market": "United States", "type": "owns", "quote": "I specifically only invested in the Mark Leonard universe of businesses", "context": "Pabrai invested in companies within Mark Leonard's universe (likely referring to WAGN mentioned in title)", "confidence": 80}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": "Adobe", "market": "United States", "type": "bullish", "quote": "Adobe will be able to reduce his costs", "context": "Pabrai uses Adobe as example of incumbent software company that will benefit from AI automation", "confidence": 75}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": "Workday", "market": "United States", "type": "bullish", "quote": "get rid of workday or whatever else they're using in HR is just a pipe dream", "context": "Pabrai believes enterprise software like Workday cannot easily be replaced by AI-generated alternatives", "confidence": 75}, {"video_title": "Mohnish Pabrai on Constellation Software's DNA & investing in Mark Leonard businesses $CSU.TO $WAGN", "id": "giKUvPOh5_4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-27", "recording_date": "2026-05-27", "date_source": "fallback", "date_evidence": "Published: 2026-05-27", "summary": "Pabrai owns Constellation Software and other Mark Leonard businesses, believing vertical SaaS companies are mispriced and incumbents will benefit from AI cost reductions while maintaining cash flows.", "sort_date": "2026-05-27", "company": "Microsoft", "market": "United States", "type": "bullish", "quote": "Microsoft's laying off people. They all laying off people", "context": "Pabrai cites Microsoft as example of software company reducing costs through automation", "confidence": 70}, {"video_title": "One Multibagger is Enough! #stockmarket", "id": "za_qG3PGXpc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses investment philosophy emphasizing that investors only need one multibagger success despite having a high error rate on most investments.", "sort_date": "2026-05-26", "company": null, "market": "Unknown", "type": "unknown", "quote": "great compounders is few and far between", "context": "Pabrai notes that finding truly exceptional long-term investment opportunities is rare", "confidence": 75}, {"video_title": "One Multibagger is Enough! #stockmarket", "id": "za_qG3PGXpc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses investment philosophy emphasizing that investors only need one multibagger success despite having a high error rate on most investments.", "sort_date": "2026-05-26", "company": null, "market": "Unknown", "type": "unknown", "quote": "large error rate is pretty normal in this business", "context": "Pabrai acknowledges that most investments may not work out, citing Buffett's track record of buying and selling 65 stocks", "confidence": 70}, {"video_title": "One Multibagger is Enough! #stockmarket", "id": "za_qG3PGXpc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses investment philosophy emphasizing that investors only need one multibagger success despite having a high error rate on most investments.", "sort_date": "2026-05-26", "company": null, "market": "Unknown", "type": "unknown", "quote": "you really only need to be right once", "context": "Pabrai explains that even if 90% of investments fail, one spectacular success can make the portfolio great", "confidence": 65}, {"video_title": "Intrinsic Value Fails! #stockmarket", "id": "MlPYwHau9OE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that the definition of intrinsic value is simple, but calculating it in practice is very difficult, even for experts like Buffett and Munger at Berkshire", "sort_date": "2026-05-25", "company": "Berkshire Hathaway", "market": "Unknown", "type": "watching", "quote": "most of us are familiar with Berkshire Hathaway", "context": "Pabrai uses Berkshire as an example to illustrate that even Warren and Charlie would assign different intrinsic values to the same company", "confidence": 45}, {"video_title": "“Never Ignore This Red Flag Before Buying a Stock” - Mohnish Pabrai | Stocks | Investment", "id": "Nrj3CgBLQRE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why leverage is the main cause of investment losses, based on his $70 million loss with Delta Financial, and why he prefers leverage-free companies like Google and Alibaba.", "sort_date": "2026-05-23", "company": "Delta Financial", "market": "USA", "type": "sold", "quote": "we lost $70 million. $70 million going to zero not good", "context": "Delta Financial was a mortgage originator that collapsed during the 2008 financial crisis due to leverage issues", "confidence": 95}, {"video_title": "“Never Ignore This Red Flag Before Buying a Stock” - Mohnish Pabrai | Stocks | Investment", "id": "Nrj3CgBLQRE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why leverage is the main cause of investment losses, based on his $70 million loss with Delta Financial, and why he prefers leverage-free companies like Google and Alibaba.", "sort_date": "2026-05-23", "company": null, "market": "USA", "type": "bearish", "quote": "I'm very skeptical about banks, financial institutions", "context": "General skepticism toward banks and financial institutions due to the inherent risk of leverage", "confidence": 90}, {"video_title": "“Never Ignore This Red Flag Before Buying a Stock” - Mohnish Pabrai | Stocks | Investment", "id": "Nrj3CgBLQRE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why leverage is the main cause of investment losses, based on his $70 million loss with Delta Financial, and why he prefers leverage-free companies like Google and Alibaba.", "sort_date": "2026-05-23", "company": "Google", "market": "USA", "type": "bullish", "quote": "Google, no leverage makes a lot of money", "context": "Pabrai cites Google as an example of a great company without leverage that simply makes money", "confidence": 80}, {"video_title": "“Never Ignore This Red Flag Before Buying a Stock” - Mohnish Pabrai | Stocks | Investment", "id": "Nrj3CgBLQRE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why leverage is the main cause of investment losses, based on his $70 million loss with Delta Financial, and why he prefers leverage-free companies like Google and Alibaba.", "sort_date": "2026-05-23", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "Alibaba, no leverage makes a lot of money", "context": "Alibaba is cited as a positive example of a profitable company with no debt", "confidence": 80}, {"video_title": "“Never Ignore This Red Flag Before Buying a Stock” - Mohnish Pabrai | Stocks | Investment", "id": "Nrj3CgBLQRE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why leverage is the main cause of investment losses, based on his $70 million loss with Delta Financial, and why he prefers leverage-free companies like Google and Alibaba.", "sort_date": "2026-05-23", "company": null, "market": "India", "type": "watching", "quote": "I'm going to meet this housing finance company in India. I have a lot of skepticism", "context": "Pabrai is meeting with an Indian mortgage bank, but he is very skeptical because of the high leverage", "confidence": 75}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "warehouse operator, bought at 3% liquidation value, just about hitting 100X now", "context": "Pabrai's best investment of his career: a Turkish warehouse operator he bought at a market cap of $15–16 million with a liquidation value of $800 million", "confidence": 95}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": null, "market": "India", "type": "bearish", "quote": "India zero, we're not interested, 100-150 investable companies trade at stratospheric valuations", "context": "Although Pabrai is Indian himself, he avoids the Indian market because the few good companies there are extremely expensive", "confidence": 93}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Constellation Software", "market": "USA", "type": "owns", "quote": "went down to teens multiple, I got interested, invested in Mark Leonard universe", "context": "Software rollup by Mark Leonard, which acquires vertically specialized software companies and grows organically by 3% annually, was temporarily trading at a price-to-earnings ratio of less than 20", "confidence": 92}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "all their revenue is in euros, trading at three four times earnings", "context": "Turkish airport operator with revenue in euros, extremely undervalued compared to Indian peers trading at 50–70x P/E", "confidence": 90}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkish company cycles through its float every 17 days, hyperactive market", "context": "The Turkish market is highly speculative, with shareholders trading on a daily basis, yet it offers opportunities for long-term value investors", "confidence": 88}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Coke bottler", "market": "Turkey", "type": "owns", "quote": "management team was super high quality, multinational, CFO from Ukraine", "context": "Turkish Coca-Cola bottler, significantly more attractively valued than comparable Indian companies, high-quality management", "confidence": 85}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": null, "market": "USA", "type": "bearish", "quote": "S&P bearish, Howard Marks laid out why S&P might be bad bet for next 10 years", "context": "Pabrai is bearish on the S&P Index due to its current high valuations (a P/E ratio of 23) and expects weak returns over the next decade", "confidence": 85}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Turkish bank", "market": "Turkey", "type": "sold", "quote": "trading at PE of 0.1, violated UN sanctions with Iran, too much hair even for me", "context": "A Turkish bank that was trading at absurdly low valuations due to violations of Iran sanctions, but even Pabrai considered the risk too high", "confidence": 80}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "SaaS companies", "market": "USA", "type": "bullish", "quote": "vertical SaaS is hated and unloved, the market has got it wrong on software", "context": "Software-as-a-Service companies are currently out of favor due to AI-related concerns, but Pabrai believes the incumbents will benefit rather than suffer", "confidence": 78}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "coal companies", "market": "USA", "type": "owns", "quote": "our coal bets, there are things that can cause that bet to fail, low probability", "context": "Pabrai holds positions in coal companies, views them as a contrarian \"hated/unloved\" bet, but acknowledges the risks", "confidence": 75}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Bitcoin", "market": "USA", "type": "bearish", "quote": "too hard pile, it's used by scammers and ransom seekers", "context": "Pabrai remains skeptical about Bitcoin, viewing it as \"too hard\" and problematic", "confidence": 72}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Adobe", "market": "USA", "type": "bullish", "quote": "doesn't mean you don't need Photoshop, incumbents will reduce costs with AI", "context": "Pabrai believes that established software companies like Adobe will benefit from AI by reducing costs, rather than being displaced", "confidence": 70}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Workday", "market": "USA", "type": "bullish", "quote": "Betsy in HR firing up AI and getting rid of Workday is a pipe dream", "context": "Enterprise software won't simply be replaced by new AI tools; established providers have strong competitive advantages", "confidence": 68}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Gold", "market": "USA", "type": "bullish", "quote": "I prefer gold to Bitcoin, we already have gold why do we need Bitcoin", "context": "When it comes to precious metals versus cryptocurrency, Pabrai favors gold and is skeptical of Bitcoin", "confidence": 65}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "GLP-1 drugs", "market": "USA", "type": "unknown", "quote": "too hard pile, industries with rapid change are enemy of the investor", "context": "Ozempic and similar drugs generate $79 billion in revenue, but the rapid pace of change makes it difficult to invest", "confidence": 60}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "TSMC", "market": "Taiwan", "type": "watching", "quote": "invest in the pickaxe makers, they all have to pass through TSMC", "context": "When it comes to AI investments, Pabrai prefers \"shovel providers\" like TSMC over AI companies themselves, but he doesn't take a position himself due to valuation concerns", "confidence": 55}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "ASML", "market": "Netherlands", "type": "watching", "quote": "they have to pass through ASML, invest in pickaxe makers", "context": "A semiconductor equipment supplier that all AI companies rely on, but Pabrai isn't investing because the valuation is too high", "confidence": 52}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Micron", "market": "USA", "type": "watching", "quote": "they probably have to pass through Micron for AI", "context": "A memory manufacturer that is important in the AI supply chain but falls outside Pabrais' Circle of Competence or is too expensive", "confidence": 48}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Berkshire Hathaway", "market": "USA", "type": "owns", "quote": "Ed Thorp invested with Buffett in the 70s and holds to this day", "context": "Pabrai mentions that his friend Ed Thorp has been investing in Berkshire since the 1970s—it is unclear whether Pabrai himself holds any shares", "confidence": 35}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "Japanese trading companies", "market": "Japan", "type": "watching", "quote": "Buffett made bets in five Japanese trading companies, huge home run", "context": "Pabrai describes Buffett's investment (not his own) in five Japanese trading companies that paid an 8–9% dividend, financed at 0.5%", "confidence": 30}, {"video_title": "This will save you 10 years of bad investments", "id": "FjWY1-gZ0Cs", "channel": "My First Million", "source_url": "", "published_at": "2026-05-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his mental models for investing, discusses his biggest gains in Turkish assets (Reysa’s 100x return), his bullish stance on Constellation Software and SaaS, as well as his bearish view on the S&P and India, while sharing various life and investment principles", "sort_date": "2026-05-22", "company": "American Express", "market": "USA", "type": "watching", "quote": "Buffett put 40% of his fund into Amex after salad oil crisis", "context": "A historical example (Buffett, not Pabrai himself) of how to buy during temporary crises when the moat remains intact", "confidence": 25}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Pabrai Investment Funds", "market": "USA", "type": "owns", "quote": "our pre-tax margin is about 88%", "context": "Pabrai talks about his own business and its exceptional profitability", "confidence": 95}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": "Delta Financial", "market": "USA", "type": "sold", "quote": "Delta Financial was a total loss for the fund; we lost 100%", "context": "Delta Financial suffered a total loss; the company went bankrupt due to high debt and its reliance on the securitization market", "confidence": 95}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Pabrai Investment Funds", "market": "USA", "type": "bullish", "quote": "didn't even take me 5 seconds to ignore all those offers", "context": "He is rejecting all offers to sell shares in the General Partner due to the high owner intrinsic value", "confidence": 90}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": null, "market": "Russia", "type": "bearish", "quote": "of course, avoid Russia and Zimbabwe", "context": "Pabrai explicitly advises against investing in Russia or Zimbabwe", "confidence": 90}, {"video_title": "$16M Company with $800M Value? Turkey's Hidden Gem Revealed! #shorts", "id": "L-53LpetnqQ", "channel": "Founder Insight", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment thesis for Reysas, a Turkish warehouse company with a market capitalization of $16 million but a liquidation value of $800 million, which he purchased after conducting his own due diligence.", "sort_date": "2026-05-20", "company": "Reysas", "market": "Turkey", "type": "bought", "quote": "market cap is 16 million US dollars, liquidation value is 800 million", "context": "Pabrai describes a warehouse company in Turkey that he apparently purchased after personally inspecting the properties and determining that they were significantly undervalued (at 2% of their value)", "confidence": 85}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": null, "market": "USA", "type": "bought", "quote": "I found two companies that were having problems due to specific factors", "context": "In the first quarter of 2010, Pabrai bought two companies that were struggling due to specific factors, but he does not name them", "confidence": 85}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Burlington Northern Railway", "market": "USA", "type": "bullish", "quote": "replacement cost probably north of 700 800 billion might be over a trillion", "context": "Argues that the railroad has a massive competitive advantage that is not reflected in its book value", "confidence": 80}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": null, "market": "China", "type": "bullish", "quote": "China will create an incredible amount of wealth for humanity in this century", "context": "Very positive for China in the long term as a market for wealth creation, but caution is warranted due to governance issues", "confidence": 80}, {"video_title": "The Harsh Truth About Day Trading", "id": "sE_1l0DUXD0", "channel": "Scroll With Suman", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai strongly criticizes day trading and points out that no one on the Forbes 400 list got rich through day trading", "sort_date": "2026-05-20", "company": "Robinhood", "market": "Unknown", "type": "bearish", "quote": "Robinhood will do well, not you", "context": "Pabrai warns that in day trading, only brokers like Robinhood profit, not the traders themselves", "confidence": 75}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "Berkshire trades at approximately one and a half times book value", "context": "Pabrai analyzes Berkshire's current valuation level as a context for his discussion of intrinsic value", "confidence": 75}, {"video_title": "$16M Company with $800M Value? Turkey's Hidden Gem Revealed! #shorts", "id": "L-53LpetnqQ", "channel": "Founder Insight", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment thesis for Reysas, a Turkish warehouse company with a market capitalization of $16 million but a liquidation value of $800 million, which he purchased after conducting his own due diligence.", "sort_date": "2026-05-20", "company": null, "market": "Turkey", "type": "bullish", "quote": "It's Turkey. Everything is cheap.", "context": "Pabrai quotes a source who explains why Turkish assets are generally undervalued, which supports his bullish view on the Turkish market", "confidence": 75}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": null, "market": "China", "type": "watching", "quote": "The average Chinese company has three sets of financial records", "context": "Pabrai is skeptical of Chinese companies due to a lack of transparency in their accounting practices, despite their significant potential for wealth creation", "confidence": 75}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "See's Candies", "market": "USA", "type": "bullish", "quote": "they paid more than three times book value for seeds", "context": "Cites Berkshire's historic acquisition as an example of businesses that are worth more than their book value", "confidence": 70}, {"video_title": "MOHNISH PABRAI INTERVIEW ON FORBES", "id": "A7yEtNV65CE", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, fee structure, and checklist methodology, and mentions recent purchases of two unnamed companies as well as his total loss on Delta Financial", "sort_date": "2026-05-20", "company": null, "market": "India", "type": "watching", "quote": "In Indian companies, you have to add another layer: management ethics", "context": "Pabrai also sees additional risks regarding management ethics among Indian companies, similar to those in China", "confidence": 70}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Apple", "market": "USA", "type": "bullish", "quote": "better than Apple, very nice", "context": "Compares his own margins favorably to Apple's, implying that Apple has very good margins", "confidence": 60}, {"video_title": "Why Most Investors Get Intrinsic Value WRONG | Mohnish Pabrai | Stocks | Investment", "id": "7XDZBCISvGw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and makes the case for holding great businesses over the long term rather than actively trading them", "sort_date": "2026-05-20", "company": "Starbucks", "market": "USA", "type": "unknown", "quote": "Starbucks was taken out back and thought in the last few days", "context": "He discusses whether Starbucks' problems are temporary or structural, without taking a clear stance", "confidence": 45}, {"video_title": "“By the Time You See the Market Crash, It’s Too Late” - Mohnish Pabrai | Stocks | Investment", "id": "-4A_SFNlC7I", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on missed opportunities during the 2007–2009 financial crisis, his late shift back to growth investing around 2020, and identifies crypto and Snowflake as current bubbles", "sort_date": "2026-05-18", "company": null, "market": "Commodities", "type": "bought", "quote": "I was selling PE of three to buy PE of two", "context": "In 2008–2009, he bought extremely cheap commodity stocks during the financial crisis, with P/E ratios of 2–3", "confidence": 95}, {"video_title": "“By the Time You See the Market Crash, It’s Too Late” - Mohnish Pabrai | Stocks | Investment", "id": "-4A_SFNlC7I", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on missed opportunities during the 2007–2009 financial crisis, his late shift back to growth investing around 2020, and identifies crypto and Snowflake as current bubbles", "sort_date": "2026-05-18", "company": null, "market": "Crypto", "type": "bearish", "quote": "bubble in crypto we can call it", "context": "Pabrai describes cryptocurrencies as an obvious bubble, much like he saw the dot-com bubble of the 2000s", "confidence": 88}, {"video_title": "“By the Time You See the Market Crash, It’s Too Late” - Mohnish Pabrai | Stocks | Investment", "id": "-4A_SFNlC7I", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on missed opportunities during the 2007–2009 financial crisis, his late shift back to growth investing around 2020, and identifies crypto and Snowflake as current bubbles", "sort_date": "2026-05-18", "company": "Snowflake", "market": "USA", "type": "bearish", "quote": "bubble in snowflake and things like that. You can call some of those", "context": "Pabrai considers Snowflake and similar stocks to be overvalued or bubble-like", "confidence": 85}, {"video_title": "“By the Time You See the Market Crash, It’s Too Late” - Mohnish Pabrai | Stocks | Investment", "id": "-4A_SFNlC7I", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on missed opportunities during the 2007–2009 financial crisis, his late shift back to growth investing around 2020, and identifies crypto and Snowflake as current bubbles", "sort_date": "2026-05-18", "company": null, "market": "USA", "type": "bullish", "quote": "I should have switched back to what I used to do originally, growth investing", "context": "He should have switched back to growth investing around 2012, but he didn't do so until 2020—a missed opportunity", "confidence": 75}, {"video_title": "VBL India's Next Compounder? #stockmarket", "id": "VRb8X1xtV0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is bullish on Varun Beverages and the Indian beverage market due to extremely low per-capita consumption and strong long-term growth potential.", "sort_date": "2026-05-17", "company": "Varun Beverages", "market": "India", "type": "bullish", "quote": "it's a great business and it'll grow a lot", "context": "Pabrai sees strong growth potential due to low per capita consumption of cola beverages in India, which is expected to rise sharply over the next 10 to 20 years", "confidence": 88}, {"video_title": "VBL India's Next Compounder? #stockmarket", "id": "VRb8X1xtV0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is bullish on Varun Beverages and the Indian beverage market due to extremely low per-capita consumption and strong long-term growth potential.", "sort_date": "2026-05-17", "company": null, "market": "India", "type": "bullish", "quote": "per capita consumption will go up a lot in 10-20 years", "context": "General observation regarding the Indian beverage market: current low per capita figures are expected to rise sharply in the long term in tandem with population growth", "confidence": 82}, {"video_title": "VBL India's Next Compounder? #stockmarket", "id": "VRb8X1xtV0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is bullish on Varun Beverages and the Indian beverage market due to extremely low per-capita consumption and strong long-term growth potential.", "sort_date": "2026-05-17", "company": "Varun Beverages", "market": "India", "type": "watching", "quote": "last time I looked the market cap is about like 11 billion dollars", "context": "He monitors and analyzes the valuation of Varun Beverages, the Pepsi bottler serving nearly all of India with a volume of 700 million cases", "confidence": 75}, {"video_title": "VBL India's Next Compounder? #stockmarket", "id": "VRb8X1xtV0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is bullish on Varun Beverages and the Indian beverage market due to extremely low per-capita consumption and strong long-term growth potential.", "sort_date": "2026-05-17", "company": null, "market": "Pakistan", "type": "bullish", "quote": "per capita consumption of Coke and Pepsi is extremely low", "context": "Like India, Pakistan also has very low per capita consumption, which points to growth potential", "confidence": 70}, {"video_title": "How to Value Emerging Tech Stocks | Mohnish Pabrai | Stocks | Investment", "id": "VQAhs2pycW0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional valuation methods fail when applied to high-growth tech companies like Amazon, and why investors should instead focus on business development and the quality of reinvestments.", "sort_date": "2026-05-16", "company": "Amazon", "market": "Unknown", "type": "bullish", "quote": "the way I would look at Amazon is it's a buy and hold forever", "context": "He would view Amazon as a long-term buy-and-hold position, not based on traditional valuation metrics", "confidence": 85}, {"video_title": "How to Value Emerging Tech Stocks | Mohnish Pabrai | Stocks | Investment", "id": "VQAhs2pycW0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional valuation methods fail when applied to high-growth tech companies like Amazon, and why investors should instead focus on business development and the quality of reinvestments.", "sort_date": "2026-05-16", "company": "Amazon", "market": "Unknown", "type": "bullish", "quote": "only question I would ask is the business getting better", "context": "For Pabrai, what matters on Amazon isn't the rating, but whether the business is improving", "confidence": 80}, {"video_title": "How to Value Emerging Tech Stocks | Mohnish Pabrai | Stocks | Investment", "id": "VQAhs2pycW0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional valuation methods fail when applied to high-growth tech companies like Amazon, and why investors should instead focus on business development and the quality of reinvestments.", "sort_date": "2026-05-16", "company": "Amazon", "market": "Unknown", "type": "watching", "quote": "I don't consider the valuation egregious based on the different pieces that are there", "context": "Pabrai does not consider Amazon's current valuation to be excessive and believes it is reasonable", "confidence": 75}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Coca-Cola bottler Turkey", "market": "Turkey", "type": "bullish", "quote": "market cap 2.8 billion, 1.6 billion cases, 1/4 value of Varun at three times size", "context": "Pabrai compares the Turkish Coca-Cola bottler to Varun and sees a massive valuation anomaly—the Turkish bottler is three times as large but worth only a quarter as much", "confidence": 98}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "watching", "quote": "trading at 50 times trailing earnings", "context": "Pabrai cites Varun's current valuation of 50x P/E as part of his anomaly analysis", "confidence": 98}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Coca-Cola bottler Turkey", "market": "Turkey", "type": "watching", "quote": "trading at nine times trailing earnings", "context": "The Turkish Coca-Cola bottler is trading at just 9x earnings—a massive valuation gap compared to Varun", "confidence": 98}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "watching", "quote": "Varun is overvalued or the Coke bottler is undervalued or combination", "context": "Pabrai identifies an anomaly: Varun is trading at 50x earnings, while the Turkish bottler is trading at 9x—one of the two must be mispriced", "confidence": 97}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Coca-Cola bottler Pakistan", "market": "Pakistan", "type": "bullish", "quote": "Pakistan bottler valued at 600 million for 400 million cases", "context": "Pabrai analyzes the valuation of the Pakistani bottler in comparison to Varun—valued at just $600 million for 400 million cases, versus Varun at $11 billion", "confidence": 96}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "watching", "quote": "Varun is the Pepsi bottler for most of India", "context": "Pabrai describes Varun Beverages as the dominant Pepsi bottler in India, with 700 million cases and a market capitalization of $11 billion", "confidence": 95}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "bullish", "quote": "per capita consumption extremely low, numbers will go up a lot in 10-20 years", "context": "Pabrai sees long-term growth potential in India's low per capita consumption, which is expected to increase significantly over the coming decades", "confidence": 94}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "bullish", "quote": "it's a great business and it'll grow a lot", "context": "Pabrai is optimistic about Varun Beverages' growth potential", "confidence": 92}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": "Varun Beverages", "market": "India", "type": "watching", "quote": "you say you are astonished... If you don't get astonished, just pass", "context": "Pabrai uses Varun as an example of his investment philosophy: invest only in things that truly amaze you—the valuation anomaly between Varun and the Turkish bottler is one such situation", "confidence": 90}, {"video_title": "Why Varun Beverages Could Be Next Mega COMPOUNDER | Mohnish Pabrai | Stocks", "id": "F7bBlLuYL6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Varun Beverages and identifies a massive valuation anomaly: Varun is trading at 50x earnings, while a comparable Turkish Coca-Cola bottler is trading at 9x, despite similar fundamentals and growth prospects", "sort_date": "2026-05-14", "company": null, "market": "Pakistan", "type": "bullish", "quote": "in both places, it's a good business", "context": "Pabrai sees both Pakistan and India as good markets for bottlers, even though Pakistan faces more challenges", "confidence": 85}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Carvana", "market": "USA", "type": "bearish", "quote": "I think they're overdosed on Carvana right now", "context": "Pabrai criticizes Baillie Gifford for holding too many Carvana shares, implying a negative view of the stock", "confidence": 85}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Tencent", "market": "China", "type": "owns", "quote": "200 billion of Tencent stock in process", "context": "Pabrai indirectly owns Tencent through his stake in Prosus and describes the value of the Tencent shares held by Prosus", "confidence": 80}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Prosus", "market": "South Africa", "type": "owns", "quote": "by purchasing process PRX, you get a stake in Tencent at a discount", "context": "Pabrai discusses Prosus as a holding company with a Tencent stake that is trading below book value, noting the holding company discount", "confidence": 75}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Berkshire lost more than half its value three times, didn't bother them", "context": "Pabrai cites Charlie Munger's comments on Berkshire's volatility and long-term holding strategy as a positive example", "confidence": 70}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Naspers", "market": "South Africa", "type": "watching", "quote": "I was reading a transcript of one of the Naspers calls", "context": "Pabrai is analyzing Naspers' earnings call with CEO Koos Bekker; Naspers is the parent company of Prosus", "confidence": 65}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "index is too dumb to know that it owns Amazon", "context": "Pabrai uses Amazon as an example of a top 4% performer that generates nearly all index returns over the long term", "confidence": 60}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Apple", "market": "USA", "type": "bullish", "quote": "It owns Apple. Owns Alphabet. Owns Microsoft", "context": "Pabrai cites Apple as an example of a long-term winner that investors should hold onto, just like the index", "confidence": 55}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Alphabet", "market": "USA", "type": "bullish", "quote": "It owns Apple. Owns Alphabet. Owns Microsoft", "context": "Alphabet as an example of a top performer that benefits from a buy-and-hold strategy", "confidence": 55}, {"video_title": "How Market Volatility Creates Massive Returns | Mohnish Pabrai | Stocks | Investment", "id": "Ek1A7BCqhEI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his position in Prosus/Tencent, which trades at a holding discount, explains why active managers usually fail to beat the index, and emphasizes the importance of a buy-and-hold strategy for big winners like Amazon, Apple, Alphabet, and Microsoft.", "sort_date": "2026-05-12", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "It owns Apple. Owns Alphabet. Owns Microsoft", "context": "Microsoft as another example of a long-term winning stock", "confidence": 55}, {"video_title": "Mohnish Pabrai: “Walmart & Microsoft Were Shameless Cloners”", "id": "7Bnc55seXk0", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-05-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains \"cloning\" as an investment philosophy using the successful examples of Walmart and Microsoft, which copied their business models from others.", "sort_date": "2026-05-11", "company": "Microsoft", "market": "Unknown", "type": "bullish", "quote": "Everything that worked at Microsoft was stolen from somewhere else.", "context": "Pabrai cites Microsoft as an example of successful cloning—Word, Excel, and Windows were all clones, which he sees as a strong business model.", "confidence": 70}, {"video_title": "Mohnish Pabrai: “Walmart & Microsoft Were Shameless Cloners”", "id": "7Bnc55seXk0", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-05-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains \"cloning\" as an investment philosophy using the successful examples of Walmart and Microsoft, which copied their business models from others.", "sort_date": "2026-05-11", "company": "Walmart", "market": "Unknown", "type": "bullish", "quote": "Sam Walton did not come up with anything new. Everything about Walmart was copied.", "context": "Pabrai cites Walmart as a positive example of successful cloning as a business strategy, which demonstrates his appreciation for the business model.", "confidence": 65}, {"video_title": "Mohnish Pabrai: “Walmart & Microsoft Were Shameless Cloners”", "id": "7Bnc55seXk0", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-05-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains \"cloning\" as an investment philosophy using the successful examples of Walmart and Microsoft, which copied their business models from others.", "sort_date": "2026-05-11", "company": "Starbucks", "market": "Unknown", "type": "unknown", "quote": "just because there's a Starbucks doesn't mean that no one can do another coffee shop", "context": "Pabrai uses Starbucks as an example to illustrate that successful business models can be replicated; he does not express a clear investment opinion on Starbucks itself.", "confidence": 30}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": "Fiat Chrysler", "market": "United States", "type": "bought", "quote": "In 2012 I made an investment in Fiat Chrysler in the fund", "context": "I bought Fiat Chrysler in 2012 when it was trading at a market capitalization of $5 billion and revenue of $130 million", "confidence": 95}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": null, "market": "United States", "type": "bearish", "quote": "I don't invest in leveraged financial institutions anymore because I'm very bad at them", "context": "General statement that he no longer invests in leveraged financial institutions following persistent losses", "confidence": 95}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": "Fiat Chrysler", "market": "United States", "type": "owns", "quote": "From 2012 to 2022 it's a 10X we made four five times our money", "context": "Held Fiat Chrysler from 2012 through at least part of 2022, but only achieved a 4-5x return rather than the full 10x due to Sergio Marchionne’s death", "confidence": 90}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": "Ford Credit", "market": "United States", "type": "bullish", "quote": "Ford did not go bankrupt because of Ford Credit", "context": "An observation made during the financial crisis was that Ford Credit was strong enough to support the entire company", "confidence": 85}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": null, "market": "United States", "type": "bullish", "quote": "Detroit went from worst to one of the best places to build a car in 2009", "context": "In the wake of the financial crisis, the auto industry underwent a shake-up through bankruptcies, labor contracts were renegotiated, and cost structures were streamlined", "confidence": 85}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": "GMAC", "market": "United States", "type": "bearish", "quote": "GM had taken their GMAC into mortgage lending which hit them really hard", "context": "A negative example of a captive finance arm overstepping its bounds and getting GM into trouble", "confidence": 80}, {"video_title": ""Nobody Noticed This MULTIBAGGER... But I Made 10X" - Mohnish Pabrai | Stocks | Investment", "id": "4pcHpDGmKgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his 30-year-old observation about captive finance companies led to his successful 4-5x return on his investment in Fiat Chrysler in 2012", "sort_date": "2026-05-09", "company": "J.I. Case", "market": "United States", "type": "watching", "quote": "I discovered captive finance companies are extremely good businesses", "context": "Early observations in the 1990s regarding the quality of captive finance companies, which shaped his later investment philosophy", "confidence": 75}, {"video_title": "How to Spot Great Small Caps | Mohnish Pabrai Explains | Stocks | Investment", "id": "O-ViPp7e7YQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his small-cap strategy and reveals current positions in Micron, Fiat Chrysler, Sunteck, and Rain Industries, with a focus on management quality and valuation", "sort_date": "2026-05-06", "company": "Micron", "market": "USA", "type": "bought", "quote": "recently we took a stake in Micron", "context": "Pabrai cites this as an example to show that he doesn't just buy small companies; Micron has a market cap of over $40 billion.", "confidence": 95}, {"video_title": "VALUExBRK 2026 | Bill Ackman, Mohnish Pabrai, Tom Gayner, Chris Bloomstran & More", "id": "V3V7bqLGP9o", "channel": "Guy Spier", "source_url": "", "published_at": "2026-05-06", "recording_date": "2026-05-06", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-05-06", "summary": "Pabrai has over 70% of his portfolio invested in Turkey, recently bought Constellation Software during the sell-off, is bullish on India due to technology adoption, but largely avoids China", "sort_date": "2026-05-06", "company": null, "market": "Turkey", "type": "owns", "quote": "I've got more than 70% of my portfolio in Turkey", "context": "Pabrai has invested over 70% of his portfolio in Turkey, despite a 90% currency devaluation, and has achieved spectacular returns in dollars", "confidence": 95}, {"video_title": "How to Spot Great Small Caps | Mohnish Pabrai Explains | Stocks | Investment", "id": "O-ViPp7e7YQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his small-cap strategy and reveals current positions in Micron, Fiat Chrysler, Sunteck, and Rain Industries, with a focus on management quality and valuation", "sort_date": "2026-05-06", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "the same thing with Rain, I am convinced that he has zero interest in money", "context": "He praises the management of Rain Industries; the family owns 40% of the company and is not solely interested in profit but wants to continue growing", "confidence": 93}, {"video_title": "How to Spot Great Small Caps | Mohnish Pabrai Explains | Stocks | Investment", "id": "O-ViPp7e7YQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his small-cap strategy and reveals current positions in Micron, Fiat Chrysler, Sunteck, and Rain Industries, with a focus on management quality and valuation", "sort_date": "2026-05-06", "company": "Sunteck", "market": "India", "type": "owns", "quote": "if you notice the Sunteck and Rain Industries, the people are very high quality", "context": "He speaks highly of Sunteck's management quality and explains why he has invested despite questions about the promoter's motives", "confidence": 92}, {"video_title": "VALUExBRK 2026 | Bill Ackman, Mohnish Pabrai, Tom Gayner, Chris Bloomstran & More", "id": "V3V7bqLGP9o", "channel": "Guy Spier", "source_url": "", "published_at": "2026-05-06", "recording_date": "2026-05-06", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-05-06", "summary": "Pabrai has over 70% of his portfolio invested in Turkey, recently bought Constellation Software during the sell-off, is bullish on India due to technology adoption, but largely avoids China", "sort_date": "2026-05-06", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "you recently talked that you bought some constellation at the current valuation", "context": "Pabrai recently acquired Constellation Software; he views AI as an advantage for incumbents, not a disadvantage, and considers the sell-off irrational", "confidence": 90}, {"video_title": "How to Spot Great Small Caps | Mohnish Pabrai Explains | Stocks | Investment", "id": "O-ViPp7e7YQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his small-cap strategy and reveals current positions in Micron, Fiat Chrysler, Sunteck, and Rain Industries, with a focus on management quality and valuation", "sort_date": "2026-05-06", "company": "Fiat Chrysler", "market": "USA", "type": "owns", "quote": "Fiat Chrysler now, I think the market cap is over 20 billion", "context": "He cites Fiat Chrysler as another example of a major holding in his portfolio", "confidence": 88}, {"video_title": "VALUExBRK 2026 | Bill Ackman, Mohnish Pabrai, Tom Gayner, Chris Bloomstran & More", "id": "V3V7bqLGP9o", "channel": "Guy Spier", "source_url": "", "published_at": "2026-05-06", "recording_date": "2026-05-06", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-05-06", "summary": "Pabrai has over 70% of his portfolio invested in Turkey, recently bought Constellation Software during the sell-off, is bullish on India due to technology adoption, but largely avoids China", "sort_date": "2026-05-06", "company": null, "market": "India", "type": "bullish", "quote": "technology becomes such an enabler in India, I'm optimistic about that", "context": "Pabrai is optimistic about India and sees technology and the internet as a major equalizer for economic development", "confidence": 85}, {"video_title": "VALUExBRK 2026 | Bill Ackman, Mohnish Pabrai, Tom Gayner, Chris Bloomstran & More", "id": "V3V7bqLGP9o", "channel": "Guy Spier", "source_url": "", "published_at": "2026-05-06", "recording_date": "2026-05-06", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-05-06", "summary": "Pabrai has over 70% of his portfolio invested in Turkey, recently bought Constellation Software during the sell-off, is bullish on India due to technology adoption, but largely avoids China", "sort_date": "2026-05-06", "company": null, "market": "China", "type": "bearish", "quote": "most of China and most of the companies in China would just go in the two hard pile", "context": "Pabrai largely avoids China, saying that most Chinese companies are too difficult to understand or outside his area of expertise", "confidence": 80}, {"video_title": "Mohnish Pabrai on Ben Graham Style Investing", "id": "6QZFLiUjeX8", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-05-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes Ben Graham's focus on downside protection and early exits, arguing that the biggest profits are made in businesses with long growth cycles, and cites Walmart as a historical example", "sort_date": "2026-05-06", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "you make the most money by investing in businesses which have long growth runways", "context": "Pabrai criticizes Ben Graham's approach of selling early and cites Walmart in the 1970s as an example of a business with long-term growth potential that should not have been sold", "confidence": 75}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "I actually see a business like Constellation as far less risky than Walmart", "context": "Pabrai believes Constellation is more resilient than Walmart because of its diversification across 1,000 stores", "confidence": 98}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "Constellation is more resilient because it is 1,000 businesses in one", "context": "Resilience stems from the business model's extreme diversification", "confidence": 98}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "Constellation is a very rare company, just like the company I have in Turkey", "context": "Pabrai compares Constellation to his own investment in Turkey and describes both as very rare companies", "confidence": 95}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": null, "market": "General", "type": "bullish", "quote": "a great fund manager should after 20 or 30 years end up with 95% one stock", "context": "Pabrai's philosophy is to concentrate heavily on the best positions, not to diversify or cap holdings at 10%", "confidence": 95}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": "Vulture (Turkey)", "market": "Turkey", "type": "owns", "quote": "the company I have in Turkey Vulture is a very rare company", "context": "Pabrai owns an unnamed company called Vulture in Turkey, which he describes as very rare", "confidence": 92}, {"video_title": "Mohnish Pabrai on Constellation Software's resilience $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "Gk-sH9_RxHM", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai criticizes the reduction of the Constellation Software position to 10% and argues for extreme concentration in exceptional companies like Constellation, which he views as more resilient than Walmart.", "sort_date": "2026-05-03", "company": "Walmart", "market": "United States", "type": "bullish", "quote": "Walmart is an exceptional company, as well", "context": "Despite the comparison with Constellation, Pabrai describes Walmart as an exceptional company", "confidence": 88}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Alpha Metallurgical Resources", "market": "US", "type": "owns", "quote": "I switched the bet from console to Alpha and Warrior", "context": "Pabrai switched from Console Energy to Alpha Metallurgical because it had even better characteristics", "confidence": 95}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Warrior Met Coal", "market": "US", "type": "owns", "quote": "I switched the bet from console to Alpha and Warrior", "context": "Purchased together with Alpha as Met Coal Investment", "confidence": 95}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Frontline", "market": "Norway", "type": "sold", "quote": "Very quickly I doubled my money and patted myself on the back and exited", "context": "Pabrai sold Frontline after doubling his investment, then missed out on a 200x return—one of his biggest missed opportunities", "confidence": 95}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Ipsco", "market": "Canada", "type": "sold", "quote": "One femtosecond after I read that, I exited my position", "context": "Ipsco sold immediately upon receiving a takeover offer of $160, after having bought at $40", "confidence": 95}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "North America", "type": "bought", "quote": "you recently talked that you bought some Constellation at the current valuation", "context": "Pabrai confirms a recent purchase of Constellation Software shares at the current valuation", "confidence": 95}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Console Energy", "market": "US", "type": "sold", "quote": "I switched the bet from console to Alpha and Warrior", "context": "Pabrai sold Console Energy after discovering Alpha Metallurgical, which had better characteristics", "confidence": 90}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "US", "type": "owns", "quote": "We have the constellation businesses in there, Mark Leonard businesses, they have a good future", "context": "Included in the Pabrai Wagons ETF, he admires Mark Leonard's ethics and management style", "confidence": 90}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "We have some Turkish bets in there too, like Reysas assets", "context": "Reysas is one of the Turkish holdings in his portfolio that he plans to hold onto", "confidence": 90}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": null, "market": "USA", "type": "bullish", "quote": "I'm looking for very long runways at very reasonable prices with a lot of stability", "context": "Pabrai describes his new investment strategy: no longer looking for 50-cent stocks, but rather for \"compounders\" and \"cannibals\" at fair prices", "confidence": 90}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "Mark Leonard very unique person, amazing leader", "context": "Pabrai praises Mark Leonard as a unique leader who has built an unparalleled acquisition machine", "confidence": 90}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "there's some opportunity in the space because of some irrational perspectives", "context": "Pabrai views the AI-driven sell-off in the software sector as irrational and therefore as a buying opportunity", "confidence": 88}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": null, "market": "Turkey", "type": "owns", "quote": "We invested in these businesses because they were exceptional businesses available at cigar butt prices", "context": "Pabrai invested heavily in Turkish companies that were exceptional deals at very low prices", "confidence": 85}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": null, "market": "USA", "type": "watching", "quote": "find two or three things or even one idea a year which is a great compounder", "context": "Pabrai actively seeks out 1–3 outstanding compounders or cannibals per year at reasonable prices for a \"set-and-forget\" strategy", "confidence": 85}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "incumbents like Constellation may see their costs go down somewhat", "context": "Pabrai sees AI as an advantage for established software companies like Constellation, which could achieve cost reductions or offer broader feature sets", "confidence": 85}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": null, "market": "USA", "type": "watching", "quote": "when I look at my portfolio today, it needs some work to get positioned", "context": "Pabrai says his portfolio still needs work to be geared toward compounders and cannibals, but it will be adjusted over the next few years", "confidence": 80}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "Constellation may also get some advantage on the acquisition side", "context": "Uncertainty surrounding AI could lead more founders to want to sell, which helps Constellation with acquisitions", "confidence": 80}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Berkshire Hathaway", "market": "US", "type": "owns", "quote": "I have some Turkish businesses, you could do Berkshire one fourth", "context": "Pabrai recommends dividing long-term portfolios (50–100 years) into four parts, with one-quarter allocated to Berkshire", "confidence": 75}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Microsoft", "market": "US", "type": "bullish", "quote": "The evolution that business has gone through is unbelievable, they've continuously reinvented themselves", "context": "Pabrai praises Microsoft as an example of \"survival of the fittest\"—a company that has repeatedly reinvented itself", "confidence": 75}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "Walmart", "market": "US", "type": "bullish", "quote": "That's also a very fit business, they've been so fanatical about delivering value", "context": "Walmart is another example of a highly agile, adaptable business with a strong focus on customers", "confidence": 75}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "focus on the compounders... great compounders are well recognized", "context": "Pabrai cites Amazon as an example of a great compounder in the context of Nick Sleep's successful strategy", "confidence": 75}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": "Costco", "market": "USA", "type": "bullish", "quote": "focus on the compounders... great compounders are well recognized", "context": "Pabrai cites Costco as an example of a great compounder in the context of Nick Sleep's successful strategy", "confidence": 75}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Topicus", "market": "Europe", "type": "watching", "quote": "they're trying in Europe with chapters, those are Leonard companies, even Topicus", "context": "Pabrai mentions Topicus as part of the Leonard ecosystem, which implements the Constellation model in Europe", "confidence": 75}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": null, "market": "US", "type": "owns", "quote": "Our offshore drillers fall apart, everything falls apart", "context": "Mentions offshore drillers as part of its diversified portfolio", "confidence": 70}, {"video_title": "Mohnish Pabrai: Berkshire, Big Mistakes & Letting Winners Run (TIP812)", "id": "IBzSnyJ9z9M", "channel": "The Investor’s Podcast", "source_url": "", "published_at": "2026-05-02", "recording_date": "2026-05-02", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos", "summary": "Pabrai discusses his investments in Turkish companies, Met Coal (Alpha/Warrior), and Constellation Software, and shares lessons on holding onto winners rather than selling too early, illustrated by the 200x returns he missed out on with Frontline and Ipsco.", "sort_date": "2026-05-02", "company": "S&P 500", "market": "US", "type": "watching", "quote": "I would say you could do the S&P one fourth, you could do Berkshire one fourth", "context": "For very long-term portfolios (50–100 years), he recommends diversifying across four indices", "confidence": 70}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "You could have bought Berkshire... you'd run fairly well for at least 10 years", "context": "Pabrai cites Berkshire as an example of a sound long-term investment", "confidence": 70}, {"video_title": "Mohnish Pabrai on Constellation Software at VALUExBRK $CSU.TO $CNSWF $TOI.V $LMN.V", "id": "XqY0aBYQ0M8", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recently acquired Constellation Software and views the AI-driven sell-off as an irrational buying opportunity for established software companies with strong market positions", "sort_date": "2026-05-02", "company": "Adobe", "market": "North America", "type": "bullish", "quote": "I actually think the opposite is true, incumbents get a tailwind", "context": "Pabrai cites Adobe as an example of an established software company that is benefiting from AI rather than suffering from it", "confidence": 70}, {"video_title": ""Only 1% of Investors Can Actually Do This!" - Mohnish Pabrai | Stocks | Investment", "id": "Sj-8Yc2eS0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from value investing to a focus on long-term compounders and cannibals at fair prices, inspired by Nick Sleep and Charlie Munger.", "sort_date": "2026-05-02", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "it definitely was better than holding Microsoft from 2000 to 2016", "context": "Pabrai uses Microsoft as a counterexample for the period from 2000 to 2016, when buying and selling worked better than holding", "confidence": 65}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Costco Turkey", "market": "Turkey", "type": "owns", "quote": "that's my latest cloned idea", "context": "Pabrai mentions Turkey's Costco as his most recent investment that he has cloned from someone else", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "RESA", "market": "Turkey", "type": "bought", "quote": "I invested in this company in 2019 in Turkey, RESA, which was super cheap", "context": "He invested in RESA in 2019, describing it as extremely cheap at less than 3% of liquidation value", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Alpha", "market": "United States", "type": "owns", "quote": "like I own one right now, Alpha", "context": "He currently owns Alpha as an example of a super cannibal stock that buys back shares aggressively", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Constellation", "market": "United States", "type": "owns", "quote": "we have a couple in our portfolio, Constellation, Rayas", "context": "He owns Constellation as a spawner company that creates new businesses", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Rayas", "market": "India", "type": "owns", "quote": "we have a couple in our portfolio, Constellation, Rayas", "context": "He owns Rayas as a spawner company that creates new businesses", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Console Energy", "market": "United States", "type": "bought", "quote": "I bought console and it was a similar situation", "context": "He bought Console Energy after seeing it compared to his old IPSCO investment, with forward-sold coal providing predictable cash flows", "confidence": 95}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "IPSCO", "market": "Canada", "type": "sold", "quote": "I had made an investment in a Canadian steel company called Ipsco... one phentok after that I sold everything", "context": "He invested in IPSCO around 2004 at $40, it went to $155 when acquired at $160, and he sold after the acquisition", "confidence": 95}, {"video_title": "Missed 80x gains 😞 - Mohnish Pabrai", "id": "_q0prr64K_U", "channel": "FTC Rich", "source_url": "", "published_at": "2026-05-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai talks about missing out on an 80x return because he sold after achieving an 80% return instead of applying second-order thinking", "sort_date": "2026-05-01", "company": null, "market": "Unknown", "type": "sold", "quote": "I got like 80% return on my money, and that was that", "context": "Pabrai sold a position at an 80% profit, but the stock subsequently rose 80-fold—he regrets selling too early", "confidence": 92}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Turkish bank (unnamed)", "market": "Turkey", "type": "sold", "quote": "at a PE of 0.1... this is too much hair even for me", "context": "In 2018 he visited a Turkish bank trading at PE of 0.1 but passed due to sanctions issues with Iran", "confidence": 90}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Ferrari", "market": "Italy", "type": "sold", "quote": "so much of the pie like Ferrari and Progressive and Goldman Sachs got dropped on the way back", "context": "He regrets selling Ferrari, describing it as one of the great businesses he should have kept forever", "confidence": 90}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Progressive", "market": "United States", "type": "sold", "quote": "so much of the pie like Ferrari and Progressive and Goldman Sachs got dropped on the way back", "context": "He regrets selling Progressive, describing it as one of the great businesses he should have kept forever", "confidence": 90}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Goldman Sachs", "market": "United States", "type": "sold", "quote": "so much of the pie like Ferrari and Progressive and Goldman Sachs got dropped on the way back", "context": "He regrets selling Goldman Sachs, describing it as one of the great businesses he should have kept forever", "confidence": 90}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Micron", "market": "United States", "type": "sold", "quote": "I also sold around there. I also sold at at a double", "context": "He recommended Micron in 2017-2018 and sold when it doubled around $60, now regrets as it's close to $600", "confidence": 90}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Turkish trading companies (5 companies)", "market": "Turkey", "type": "watching", "quote": "Turkish stock market has a lot of parallels to what was going on in the US equity markets", "context": "He sees Turkey as having similar opportunities to the US in the mid-70s and early 80s with disparity between price and value", "confidence": 80}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Amazon", "market": "United States", "type": "bullish", "quote": "Amazon's a great spawner", "context": "He views Amazon as an excellent spawner company that creates new businesses, though he questions current valuation", "confidence": 75}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Alphabet", "market": "United States", "type": "bullish", "quote": "Alphabet's a great spawner", "context": "He views Alphabet as an excellent spawner company that creates new businesses", "confidence": 75}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Walmart", "market": "United States", "type": "bullish", "quote": "There are plenty of companies like Walmart... family still has more than 40%", "context": "He uses Walmart as an example of a good family-controlled public company where the family hasn't sold in 54 years", "confidence": 70}, {"video_title": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "id": "Yx1yAhjsDsE", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2026-05-26", "recording_date": "2026-05-01", "date_source": "explicit", "date_evidence": "Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at The UNO on May 1, 2026", "summary": "Pabrai discusses 30 mental models for capital allocation, reveals current holdings including Alpha, Constellation, Rayas, Console Energy, and Turkey's Costco, while expressing regret about selling Ferrari, Progressive, Goldman Sachs, and Micron too early.", "sort_date": "2026-05-01", "company": "Nvidia", "market": "United States", "type": "unknown", "quote": "When you ask the questions about Nvidia... needs to go in the two hard pile", "context": "When asked about Nvidia's valuation, he put it in the 'too hard' pile indicating he doesn't understand it well enough", "confidence": 65}, {"video_title": "WAGN Shareholder Call Q&A: Constellation Software", "id": "trXHKBtng9Y", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-30", "recording_date": "2026-04-30", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-04-30", "summary": "Pabrai acquired Constellation Software and Topicus after their valuations fell from $5,500 to the low 2000s, and views AI as a structural advantage for their business models.", "sort_date": "2026-04-30", "company": "Constellation Software", "market": "Global", "type": "bought", "quote": "stock went into low 2000s, it came into price point where I got excited", "context": "Pabrai bought Constellation after the stock fell from $5,500 to the low 2000s, bringing it into his range of attractive valuations", "confidence": 95}, {"video_title": "WAGN Shareholder Call Q&A: Constellation Software", "id": "trXHKBtng9Y", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-30", "recording_date": "2026-04-30", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-04-30", "summary": "Pabrai acquired Constellation Software and Topicus after their valuations fell from $5,500 to the low 2000s, and views AI as a structural advantage for their business models.", "sort_date": "2026-04-30", "company": "Constellation Software", "market": "Global", "type": "bullish", "quote": "AI is tailwind for incumbents in vertical market space, costs go down, acquisition price may go down", "context": "Pabrai views AI as a positive for Constellation because it reduces costs, generates more sales, and enables lower purchase prices, while revenues remain stable", "confidence": 92}, {"video_title": "WAGN Shareholder Call Q&A: Constellation Software", "id": "trXHKBtng9Y", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-30", "recording_date": "2026-04-30", "date_source": "explicit", "date_evidence": "Veröffentlicht: 2026-04-30", "summary": "Pabrai acquired Constellation Software and Topicus after their valuations fell from $5,500 to the low 2000s, and views AI as a structural advantage for their business models.", "sort_date": "2026-04-30", "company": "Topicus", "market": "Global", "type": "bought", "quote": "we are interested in investing in Constellation and Topicus and all of that", "context": "Pabrai is also investing in Topicus, presumably for reasons similar to those behind his investment in Constellation Software", "confidence": 88}, {"video_title": "How Normal People Are Getting Rich (No Talent) | Mohnish Pabrai | Stocks | Investment", "id": "X41cpilpAN4", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the importance of patience and the circle of competence in investing, illustrating his points with Munger’s investment in Tenneco and his later investments in China through Li Lu.", "sort_date": "2026-04-30", "company": "Tenneco", "market": "US", "type": "watching", "quote": "he puts $10 million into Tenneco in 2003. By 2006, it's worth 80 million", "context": "Pabrai cites Charlie Munger's investment in Tenneco as an example of extreme patience—Munger discovered this stock after reading *Barron's* for 50 years", "confidence": 45}, {"video_title": "How Normal People Are Getting Rich (No Talent) | Mohnish Pabrai | Stocks | Investment", "id": "X41cpilpAN4", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the importance of patience and the circle of competence in investing, illustrating his points with Munger’s investment in Tenneco and his later investments in China through Li Lu.", "sort_date": "2026-04-30", "company": null, "market": "China", "type": "bullish", "quote": "the 80 million is now sitting at around 800 million", "context": "Pabrai reports that Munger gave Li Lu the $80 million from Tenneco to invest in Chinese stocks, which grew to $800 million", "confidence": 40}, {"video_title": "Mohnish Pabrai on the Rarity of Moats", "id": "nIzupTLllic", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that sustainable competitive advantages are extremely rare and cites ASML and Nvidia as positive examples of companies with a lasting edge", "sort_date": "2026-04-29", "company": "ASML", "market": "Unknown", "type": "bullish", "quote": "ASML, those are some moats that are going to stay for some time", "context": "Pabrai cites ASML as an example of one of the few companies with a sustainable moat due to its competitive advantage", "confidence": 88}, {"video_title": "Mohnish Pabrai on the Rarity of Moats", "id": "nIzupTLllic", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that sustainable competitive advantages are extremely rare and cites ASML and Nvidia as positive examples of companies with a lasting edge", "sort_date": "2026-04-29", "company": "Nvidia", "market": "Unknown", "type": "bullish", "quote": "Nvidia, those are some moats that are going to stay for some time", "context": "Pabrai cites Nvidia as an example of one of the few companies with a sustainable moat due to its competitive edge", "confidence": 88}, {"video_title": "Mohnish Pabrai on the Rarity of Moats", "id": "nIzupTLllic", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that sustainable competitive advantages are extremely rare and cites ASML and Nvidia as positive examples of companies with a lasting edge", "sort_date": "2026-04-29", "company": "Coca-Cola", "market": "Unknown", "type": "watching", "quote": "business like Coca-Cola, these started moatless", "context": "Pabrai uses Coca-Cola as a historical example of a moat that arose by chance, not as a current investment recommendation", "confidence": 45}, {"video_title": "Mohnish Pabrai on the Rarity of Moats", "id": "nIzupTLllic", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that sustainable competitive advantages are extremely rare and cites ASML and Nvidia as positive examples of companies with a lasting edge", "sort_date": "2026-04-29", "company": "American Express", "market": "Unknown", "type": "watching", "quote": "business like American Express, these started moatless", "context": "Pabrai uses American Express as a historical example of a moat that arose by chance, not as a current investment recommendation", "confidence": 45}, {"video_title": "Auto Stocks: Biggest Trap or Biggest Opportunity? | Mohnish Pabrai | Investment", "id": "tlEuR-0aZKg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why the auto parts business is a terrible one, but praises Motherson Sumi’s unique business model of acquiring distressed assets and its strong relationships with OEMs like BMW; however, he does not own the stock himself.", "sort_date": "2026-04-28", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "I think that they will continue their revenues, margins profits will continue to grow. I have no doubt about that.", "context": "Pabrai is very bullish on Motherson Sumi because of its unique business model of acquiring distressed auto parts companies and its strong relationships with BMW and other OEMs.", "confidence": 95}, {"video_title": "Auto Stocks: Biggest Trap or Biggest Opportunity? | Mohnish Pabrai | Investment", "id": "tlEuR-0aZKg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why the auto parts business is a terrible one, but praises Motherson Sumi’s unique business model of acquiring distressed assets and its strong relationships with OEMs like BMW; however, he does not own the stock himself.", "sort_date": "2026-04-28", "company": null, "market": "Auto Parts Industry", "type": "bearish", "quote": "Auto parts manufacturing is a terrible business. One of the worst businesses you can be in is auto parts.", "context": "Pabrai explains that the auto parts industry is generally a terrible business due to pressure from both sides (OEMs and unions) and a high bankruptcy rate, but makes an exception for Motherson Sumi.", "confidence": 95}, {"video_title": "Auto Stocks: Biggest Trap or Biggest Opportunity? | Mohnish Pabrai | Investment", "id": "tlEuR-0aZKg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why the auto parts business is a terrible one, but praises Motherson Sumi’s unique business model of acquiring distressed assets and its strong relationships with OEMs like BMW; however, he does not own the stock himself.", "sort_date": "2026-04-28", "company": "Motherson Sumi", "market": "Global", "type": "watching", "quote": "I don't own the stock, but it's very powerful.", "context": "Pabrai does not currently own the stock, but he describes the business model and competitive advantage as exceptionally strong and says he knows of no better auto parts company in the world.", "confidence": 90}, {"video_title": "Auto Stocks: Biggest Trap or Biggest Opportunity? | Mohnish Pabrai | Investment", "id": "tlEuR-0aZKg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why the auto parts business is a terrible one, but praises Motherson Sumi’s unique business model of acquiring distressed assets and its strong relationships with OEMs like BMW; however, he does not own the stock himself.", "sort_date": "2026-04-28", "company": "Fiat Chrysler", "market": "Global", "type": "sold", "quote": "I own a Fiat Chrysler. I own the stock Fiat Chrysler.", "context": "Pabrai mentions that he owns Fiat Chrysler stock (using the present tense) in the context of a conversation with the Motherson CEO about their Magneti Marelli deal.", "confidence": 85}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "he put one quarter of the total book value of Berkshire Hathaway into a single stock, Coke. Huge bet", "context": "Pabrai describes Buffett's massive concentrated bet on Coca-Cola in 1988, which turned out to be a huge success", "confidence": 85}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "See's Candy", "market": "USA", "type": "bullish", "quote": "they could have paid 100 million even 150 million for the business and it would have been a bargain", "context": "Pabrai explains how Buffett and Munger came to realize in hindsight that See's was an exceptional investment that would have been a bargain even at 5 to 6 times the price", "confidence": 80}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "Apple", "market": "USA", "type": "bullish", "quote": "it was not actually a tech investment, it was a investment in a brand and consumer behavior", "context": "Pabrai describes Buffett's investment in Apple as a brand play rather than a tech investment, based on lessons learned from See's and Coke", "confidence": 80}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "Titan", "market": "India", "type": "bullish", "quote": "Rakesh kept buying Titan repeatedly at higher and higher prices", "context": "Pabrai highlights Rakesh Jhunjhunwala's strategy of continuing to buy more Titan, even at prices significantly higher than his initial entry price", "confidence": 75}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "Policybazaar", "market": "India", "type": "bullish", "quote": "he feeds the winners. If a company is doing well, he'll invest in every single round", "context": "Pabrai cites Sanjeev Bhikchandani's strategy of continuing to invest in winners like Policybazaar", "confidence": 70}, {"video_title": ""Should You Buy MORE of Your Winning Stock" - Mohnish Pabrai | Stocks | Investment", "id": "MundpmGQcts", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the strategy of legendary investors: to keep buying more of their top-performing stocks rather than selling them too soon", "sort_date": "2026-04-25", "company": "Zomato", "market": "India", "type": "bullish", "quote": "that's how he picks makes big stakes in Policybazaar or in Zomato", "context": "Pabrai cites Zomato as an example of Bhikchandani's successful \"feed the winners\" strategy", "confidence": 70}, {"video_title": "Mohnish Pabrai Found Gold in Everyone's Trash #investing #wealth", "id": "lNEYNq59Wpc", "channel": "Founders In 60", "source_url": "", "published_at": "2026-04-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his contrarian investment thesis for the much-maligned coal industry, citing extreme undervaluation coupled with stable long-term cash flows", "sort_date": "2026-04-23", "company": null, "market": "USA", "type": "bullish", "quote": "business that is going to exist for 50 years producing a billion a year available for less than 2 billion", "context": "He sees an exceptional value opportunity in coal companies trading at less than 2x their annual free cash flow", "confidence": 92}, {"video_title": "Mohnish Pabrai Found Gold in Everyone's Trash #investing #wealth", "id": "lNEYNq59Wpc", "channel": "Founders In 60", "source_url": "", "published_at": "2026-04-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his contrarian investment thesis for the much-maligned coal industry, citing extreme undervaluation coupled with stable long-term cash flows", "sort_date": "2026-04-23", "company": null, "market": "USA", "type": "bought", "quote": "I spent about seven or eight months studying the coal industry", "context": "Pabrai spent months analyzing the coal industry and investing in it because valuations were extremely low despite stable cash flows", "confidence": 88}, {"video_title": "Mohnish Pabrai on Micro vs Macro", "id": "KoF9VeIQzYw", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that micro factors (company quality) are more important than macro factors, citing Walmart, Microsoft, and Apple as historical examples of successful companies during difficult macroeconomic times", "sort_date": "2026-04-22", "company": "Walmart", "market": "US", "type": "bullish", "quote": "Sam Walton built Walmart through the stagflation of the '70s", "context": "Pabrai uses Walmart as an example to illustrate that strong companies can overcome macroeconomic challenges", "confidence": 65}, {"video_title": "Mohnish Pabrai on Micro vs Macro", "id": "KoF9VeIQzYw", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that micro factors (company quality) are more important than macro factors, citing Walmart, Microsoft, and Apple as historical examples of successful companies during difficult macroeconomic times", "sort_date": "2026-04-22", "company": "Microsoft", "market": "US", "type": "bullish", "quote": "Microsoft was formed in a time when the US economy wasn't doing that well", "context": "Pabrai demonstrates that Microsoft was successfully founded despite adverse macroeconomic conditions—micro beats macro", "confidence": 60}, {"video_title": "Mohnish Pabrai on Micro vs Macro", "id": "KoF9VeIQzYw", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-04-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that micro factors (company quality) are more important than macro factors, citing Walmart, Microsoft, and Apple as historical examples of successful companies during difficult macroeconomic times", "sort_date": "2026-04-22", "company": "Apple", "market": "US", "type": "bullish", "quote": "Apple was formed in a time when the US economy wasn't doing that well", "context": "Pabrai cites Apple as another example of a successful startup despite a poor macroeconomic environment", "confidence": 60}, {"video_title": "How Mohnish Pabrai Turned $16M into $500M #investing #stocks", "id": "EVjaVYSMiTo", "channel": "Founders In 60", "source_url": "", "published_at": "2026-04-21", "recording_date": "2026-04-21", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how a Turkish investment grew from $16 million to a market capitalization of $500 million and yielded a 30x return in dollars despite the collapse of the lira", "sort_date": "2026-04-21", "company": null, "market": "Turkey", "type": "bullish", "quote": "in dollars, we're up almost 30x", "context": "The investment has increased nearly 30-fold in dollar terms despite the massive devaluation of the Turkish lira from 5 to 33 against the dollar", "confidence": 98}, {"video_title": "How Mohnish Pabrai Turned $16M into $500M #investing #stocks", "id": "EVjaVYSMiTo", "channel": "Founders In 60", "source_url": "", "published_at": "2026-04-21", "recording_date": "2026-04-21", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how a Turkish investment grew from $16 million to a market capitalization of $500 million and yielded a 30x return in dollars despite the collapse of the lira", "sort_date": "2026-04-21", "company": null, "market": "Turkey", "type": "owns", "quote": "the 16-million market cap, now is about 500 million in 4 years", "context": "Pabrai invested in a Turkish company that grew from a market capitalization of $16 million to $500 million in four years, generating nearly a 30-fold return in dollars despite the collapse of the lira", "confidence": 95}, {"video_title": "Unmatched Leadership - Mohnish Pabrai on the Best Indian CEO He’s Seen", "id": "7iTowZAowwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies, but he does not own the stock himself; he considers it the best auto parts company in the world and owns Fiat Chrysler.", "sort_date": "2026-04-20", "company": "Fiat Chrysler", "market": "Global", "type": "owns", "quote": "I own the stock Fiat Chrysler", "context": "He mentions in passing that he owns Fiat Chrysler stock in the context of a story about a deal with Motherson", "confidence": 100}, {"video_title": "Unmatched Leadership - Mohnish Pabrai on the Best Indian CEO He’s Seen", "id": "7iTowZAowwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies, but he does not own the stock himself; he considers it the best auto parts company in the world and owns Fiat Chrysler.", "sort_date": "2026-04-20", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "I don't know of any auto parts company in the world that is a better business", "context": "He considers Motherson to be the best auto parts company in the world because of its unique moat", "confidence": 98}, {"video_title": "Unmatched Leadership - Mohnish Pabrai on the Best Indian CEO He’s Seen", "id": "7iTowZAowwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies, but he does not own the stock himself; he considers it the best auto parts company in the world and owns Fiat Chrysler.", "sort_date": "2026-04-20", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "revenues, margins profits will continue to grow. I have no doubt", "context": "He is convinced that Motherson will continue to grow by using its business model to rescue struggling auto parts companies", "confidence": 96}, {"video_title": "Unmatched Leadership - Mohnish Pabrai on the Best Indian CEO He’s Seen", "id": "7iTowZAowwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies, but he does not own the stock himself; he considers it the best auto parts company in the world and owns Fiat Chrysler.", "sort_date": "2026-04-20", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "The Motherson moat is just an incredible moat", "context": "Pabrai explains in detail why Motherson has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies", "confidence": 95}, {"video_title": "Unmatched Leadership - Mohnish Pabrai on the Best Indian CEO He’s Seen", "id": "7iTowZAowwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi has an exceptional competitive advantage thanks to its business model of acquiring failed auto parts companies, but he does not own the stock himself; he considers it the best auto parts company in the world and owns Fiat Chrysler.", "sort_date": "2026-04-20", "company": "Motherson Sumi", "market": "India", "type": "watching", "quote": "I don't own the stock, but it's very powerful", "context": "He doesn't own the stock, but he's very bullish on the business model and says it's the best auto parts company in the world", "confidence": 92}, {"video_title": "How $5,000 Becomes $5 Million (The Math) | Mohnish Pabrai", "id": "kPAhnDD_dsE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the math behind compounding using his daughter's IRA as an example, into which he invested $5,000 in a single stock with the goal of achieving a return well over 15% annually", "sort_date": "2026-04-20", "company": null, "market": "Unknown", "type": "bullish", "quote": "we're going for a much higher rate than 15", "context": "Pabrai aims for a return significantly higher than 15% per year for his daughter's portfolio", "confidence": 85}, {"video_title": "How $5,000 Becomes $5 Million (The Math) | Mohnish Pabrai", "id": "kPAhnDD_dsE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the math behind compounding using his daughter's IRA as an example, into which he invested $5,000 in a single stock with the goal of achieving a return well over 15% annually", "sort_date": "2026-04-20", "company": null, "market": "Unknown", "type": "unknown", "quote": "I put the first 5,000 in one stock", "context": "Pabrai invested his daughter's first IRA almost entirely in a single stock, but he won't reveal the name", "confidence": 75}, {"video_title": "How $5,000 Becomes $5 Million (The Math) | Mohnish Pabrai", "id": "kPAhnDD_dsE", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the math behind compounding using his daughter's IRA as an example, into which he invested $5,000 in a single stock with the goal of achieving a return well over 15% annually", "sort_date": "2026-04-20", "company": null, "market": "Unknown", "type": "bullish", "quote": "so far, I have not blown up her capital", "context": "The focused investment strategy for his daughter has worked so far without any loss of capital", "confidence": 70}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "ADP", "market": "USA", "type": "bullish", "quote": "even before I look at any ADP numbers I know it's a great business", "context": "Pabrai admires ADP's moat and views it as a resilient business model with strong resistance to disruptors", "confidence": 92}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "Visa", "market": "USA", "type": "bullish", "quote": "even before I look at any Visa numbers I know it's a great business", "context": "Pabrai sees Visa as a great business with a strong competitive moat, despite constant attempts to breach it", "confidence": 92}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "MasterCard", "market": "USA", "type": "bullish", "quote": "people look at Visa and MasterCard and look at that moat", "context": "Pabrai cites MasterCard, along with Visa, as an example of a company with an impressive competitive advantage", "confidence": 88}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "if you dollar weighted probably 80 90% have worked", "context": "Pabrai analyzes Berkshire's track record of acquisitions—very successful on a dollar-weighted basis, even though one-third of the deals did not work out on an equal-weighted basis", "confidence": 88}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "Boeing", "market": "USA", "type": "bearish", "quote": "if you looked at Boeing three or four years ago unbelievable, but look where we are", "context": "Pabrai uses Boeing as a cautionary tale of how even seemingly impregnable competitive advantages can crumble—despite a duopoly and a large order book, all hell has broken loose", "confidence": 85}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "Chipotle", "market": "USA", "type": "bullish", "quote": "they've widened and deepened the moat, their app is great, done really good job in pandemic", "context": "Pabrai sees clear differences between Chipotle and other Mexican restaurants and praises their performance during the pandemic", "confidence": 78}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "NVR", "market": "USA", "type": "bullish", "quote": "just like NVR doesn't produce a home that's not already sold", "context": "Pabrai compares NVR's business model favorably to Boeing's—no \"white tails,\" everything pre-sold", "confidence": 72}, {"video_title": "How Long-term Investing Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks |Investment", "id": "AZqBi3ebeQk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that you don't have to be right about every investment—4 out of 10 big winners are enough—and discusses the competitive advantages of ADP, Visa, Chipotle, and Boeing as examples", "sort_date": "2026-04-18", "company": "Starbucks", "market": "USA", "type": "watching", "quote": "if you were investing in Starbucks the big question is what does this company look like 20 years from now", "context": "Pabrai uses Starbucks as an example for long-runway analysis and asks whether the moat remains intact", "confidence": 65}, {"video_title": "“Best Returns Come From ‘Uncertain’ Bets 😳” - Mohnish Pabrai | Stocks | Investment", "id": "jtB1yXL8Rp4", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of low risk amid high uncertainty using his 2001–2002 investment in Frontline, which he sold too early and thus missed out on a 200-fold return", "sort_date": "2026-04-15", "company": "Frontline", "market": "Global Shipping", "type": "sold", "quote": "I bought Frontline... I sold the stock at the end of six months. I doubled my money", "context": "Pabrai bought Frontline in 2001–2002 at $3–$4, sold it six months later at $8–$9 for a 100% profit, but missed out on the subsequent 200-fold increase", "confidence": 95}, {"video_title": "“Best Returns Come From ‘Uncertain’ Bets 😳” - Mohnish Pabrai | Stocks | Investment", "id": "jtB1yXL8Rp4", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of low risk amid high uncertainty using his 2001–2002 investment in Frontline, which he sold too early and thus missed out on a 200-fold return", "sort_date": "2026-04-15", "company": "Frontline", "market": "Global Shipping", "type": "bullish", "quote": "eventually the stock was at 200 to one... if I had just put my 5,000 there and gone away", "context": "Pabrai regrets selling early, as the stock later soared 200-fold when shipping rates skyrocketed—a missed opportunity for a massive profit", "confidence": 90}, {"video_title": "Do You Know These Multibagger Filters? | Mohnish Pabrai | Stocks | Investment", "id": "g39MZhrJUI8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework—high ROE, low debt, and good management—and cites Dmart and Indian private banks as examples of promising long-term investments", "sort_date": "2026-04-14", "company": "Dmart", "market": "India", "type": "bullish", "quote": "Dmart will be a lot larger in 10 or 15 years than it is today", "context": "Pabrai views Dmart as a statistically high-probability candidate for future growth and uses it as an example of the multibagger framework", "confidence": 82}, {"video_title": "Do You Know These Multibagger Filters? | Mohnish Pabrai | Stocks | Investment", "id": "g39MZhrJUI8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework—high ROE, low debt, and good management—and cites Dmart and Indian private banks as examples of promising long-term investments", "sort_date": "2026-04-14", "company": null, "market": "India", "type": "bullish", "quote": "private sector banks in India might be half or 2/3 of the pie in 10 or 20 years", "context": "Pabrai views the private banking sector in India as one with significant growth potential; it currently accounts for about one-third of the market", "confidence": 78}, {"video_title": "Do You Know These Multibagger Filters? | Mohnish Pabrai | Stocks | Investment", "id": "g39MZhrJUI8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework—high ROE, low debt, and good management—and cites Dmart and Indian private banks as examples of promising long-term investments", "sort_date": "2026-04-14", "company": null, "market": "India", "type": "watching", "quote": "there might be some more in the future, some that are still going through their journey", "context": "Pabrai hints that he currently has potential 100-bagger candidates in his portfolio that aren't quite there yet", "confidence": 65}, {"video_title": "Mohnish Pabrai: El S&P 500 VA A CAER 📉#wallstreet", "id": "VpV1_pSEAQs", "channel": "SavannaTrading", "source_url": "", "published_at": "2026-04-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is very bearish on the S&P 500 and large-cap tech stocks like Nvidia; he expects returns of less than 3% and believes the valuations are not fundamentally justified.", "sort_date": "2026-04-13", "company": "S&P 500", "market": "USA", "type": "bearish", "quote": "odds that S&P delivers over 5% returns a year for next 10-15 years approximates zero", "context": "Pabrai expects the S&P 500 to return only 3–5% or less over the next 10–15 years, likely less than 3%", "confidence": 95}, {"video_title": "Mohnish Pabrai: El S&P 500 VA A CAER 📉#wallstreet", "id": "VpV1_pSEAQs", "channel": "SavannaTrading", "source_url": "", "published_at": "2026-04-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is very bearish on the S&P 500 and large-cap tech stocks like Nvidia; he expects returns of less than 3% and believes the valuations are not fundamentally justified.", "sort_date": "2026-04-13", "company": "Nvidia", "market": "USA", "type": "bearish", "quote": "valued at three and a half trillion, the math on that is hard, too hard pile", "context": "Pabrai believes Nvidia's valuation is unjustifiable—it would have to generate $15 trillion in cash flow to deliver a return of $7–8 trillion", "confidence": 92}, {"video_title": "Mohnish Pabrai: El S&P 500 VA A CAER 📉#wallstreet", "id": "VpV1_pSEAQs", "channel": "SavannaTrading", "source_url": "", "published_at": "2026-04-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is very bearish on the S&P 500 and large-cap tech stocks like Nvidia; he expects returns of less than 3% and believes the valuations are not fundamentally justified.", "sort_date": "2026-04-13", "company": null, "market": "USA", "type": "bearish", "quote": "magnificent five or magnificent seven, tell me those cash flows", "context": "Pabrai is skeptical of the largest tech stocks and their valuations, citing a lack of cash flow to support them", "confidence": 88}, {"video_title": ""I WILL BUY APPLE IF..." - Mohnish Pabrai #stockmarket", "id": "0jAqPIXBDJU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his valuation methodology using Apple as an example and shows that, even under optimistic assumptions, the stock would not meet his expected return of 25%", "sort_date": "2026-04-12", "company": "Apple", "market": "USA", "type": "bearish", "quote": "Apple is making 100 billion a year but I need 260 billion for my 25% return", "context": "Pabrai points out that even with 15% growth over 10 years, Apple would not meet his expected return of 25%—implying that he would not buy it", "confidence": 82}, {"video_title": ""I WILL BUY APPLE IF..." - Mohnish Pabrai #stockmarket", "id": "0jAqPIXBDJU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his valuation methodology using Apple as an example and shows that, even under optimistic assumptions, the stock would not meet his expected return of 25%", "sort_date": "2026-04-12", "company": "Apple", "market": "USA", "type": "watching", "quote": "If Apple compounds at 15% for 10 years, even 400 billion in year 10 is not worth 260 billion today", "context": "Pabrai explains his valuation method for Apple—he would require a 25% annual return—and analyzes whether Apple can deliver it", "confidence": 75}, {"video_title": "He Buys Stocks at PE 2… Here’s Why 🤯| Mohnish Pabrai | Investment | Compounding", "id": "WMuERndna3g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment strategy and why he prefers low P/E ratios (1–3), and uses Apple as an example to demonstrate why higher P/E ratios (10–20) do not meet his 25–26% return targets", "sort_date": "2026-04-10", "company": "Apple", "market": "USA", "type": "bearish", "quote": "at PE of 10 on Apple not quite as exciting", "context": "He doesn't find Apple appealing at a P/E ratio of 10 because the math doesn't add up for his 25–26% target return", "confidence": 95}, {"video_title": "He Buys Stocks at PE 2… Here’s Why 🤯| Mohnish Pabrai | Investment | Compounding", "id": "WMuERndna3g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment strategy and why he prefers low P/E ratios (1–3), and uses Apple as an example to demonstrate why higher P/E ratios (10–20) do not meet his 25–26% return targets", "sort_date": "2026-04-10", "company": "Apple", "market": "USA", "type": "bearish", "quote": "PE closer to 20 times, you're going to be a lot less excited", "context": "With an actual P/E ratio of around 20, he is even less interested in Apple", "confidence": 92}, {"video_title": "He Buys Stocks at PE 2… Here’s Why 🤯| Mohnish Pabrai | Investment | Compounding", "id": "WMuERndna3g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment strategy and why he prefers low P/E ratios (1–3), and uses Apple as an example to demonstrate why higher P/E ratios (10–20) do not meet his 25–26% return targets", "sort_date": "2026-04-10", "company": "Apple", "market": "USA", "type": "watching", "quote": "PE of three on Apple might get me excited", "context": "He would be interested in Apple if it were trading at a P/E ratio of 3, but that's just hypothetical", "confidence": 85}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "Moutai", "market": "China", "type": "owns", "quote": "Now, I own Moutai. Such a good stock. So awesome.", "context": "Pabrai owns Moutai and is very bullish, but says it is fully priced or overpriced", "confidence": 95}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "Rain Industries is an example of a company that 10 years from now people will think of differently.", "context": "Pabrai sees Rain Industries as an example of a hidden moat, but the risk lies with CEO Jagan—if anything happens to him, he’ll have to step down", "confidence": 90}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "Sunteck", "market": "India", "type": "owns", "quote": "for Sunteck and Rain, the person running it is quite critical today", "context": "Pabrai mentions Sunteck alongside Rain as an investment where the CEO is a liability—it must be sold if the CEO leaves", "confidence": 88}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "MasterCard", "market": "USA", "type": "watching", "quote": "I don't want to invest in MasterCard. There 30 analysts following it.", "context": "Pabrai says he doesn't want to invest in MasterCard because it's too well-known and is followed by 30 analysts", "confidence": 85}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "Mothersonsumi", "market": "India", "type": "watching", "quote": "I don't want to invest in Mothersonsumi. There 30 analysts following it.", "context": "Same reasoning as with MasterCard—too many analysts, too well-known, nothing new to discover", "confidence": 85}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "You just want to own Berkshire Hathaway and don't not do anything.", "context": "Pabrai cites Berkshire as an example of the passive investing strategy his friend Guy Spier employs, but says he himself can do better", "confidence": 65}, {"video_title": "Pabrai Is Using Buffett’s Old Strategy (And It Still Works) | Mohnish Pabrai | Stocks | Investment", "id": "kshmi2VksFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from \"cigar butts\" to \"quality stocks\" with hidden moats; he holds Moutai, Rain Industries, and Sunteck, and avoids well-known stocks like MasterCard.", "sort_date": "2026-04-05", "company": "American Express", "market": "USA", "type": "watching", "quote": "You just want to own American Express and don't not do anything.", "context": "Same context as Berkshire – an example of a passive \"buy and hold\" strategy by Guy Spier", "confidence": 65}, {"video_title": "13F Q1 2026 – WARRIOR MET COAL INC", "id": "13f_0001549575-26-000009_93627C101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000009/0001549575-26-000009-index.htm", "published_at": "2026-05-14", "recording_date": "2026-03-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2026-03-31", "summary": "SEC 13F-HR Q1 2026: WARRIOR MET COAL INC (HCC) – 1,810,831 shares, $168.7M market value.", "sort_date": "2026-03-31", "company": "WARRIOR MET COAL INC", "market": "United States", "type": "increased", "quote": "Pabrai increased position in WARRIOR MET COAL INC (HCC) to 1,810,831 shares", "context": "Position reported in SEC 13F-HR filing for Q1 2026. Market value: $168.7M. CUSIP: 93627C101.", "confidence": 100}, {"video_title": "13F Q1 2026 – TRANSOCEAN LTD", "id": "13f_0001549575-26-000009_H8817H100", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000009/0001549575-26-000009-index.htm", "published_at": "2026-05-14", "recording_date": "2026-03-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2026-03-31", "summary": "SEC 13F-HR Q1 2026: TRANSOCEAN LTD (RIG) – 20,392,672 shares, $135.2M market value.", "sort_date": "2026-03-31", "company": "TRANSOCEAN LTD", "market": "United States", "type": "decreased", "quote": "Pabrai reduced position in TRANSOCEAN LTD (RIG) to 20,392,672 shares", "context": "Position reported in SEC 13F-HR filing for Q1 2026. Market value: $135.2M. CUSIP: H8817H100.", "confidence": 100}, {"video_title": "13F Q1 2026 – ALPHA METALLURGICAL RESOUR I", "id": "13f_0001549575-26-000009_020764106", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000009/0001549575-26-000009-index.htm", "published_at": "2026-05-14", "recording_date": "2026-03-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2026-03-31", "summary": "SEC 13F-HR Q1 2026: ALPHA METALLURGICAL RESOUR I (AMR) – 579,738 shares, $119.0M market value.", "sort_date": "2026-03-31", "company": "ALPHA METALLURGICAL RESOUR I", "market": "United States", "type": "increased", "quote": "Pabrai increased position in ALPHA METALLURGICAL RESOUR I (AMR) to 579,738 shares", "context": "Position reported in SEC 13F-HR filing for Q1 2026. Market value: $119.0M. CUSIP: 020764106.", "confidence": 100}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "why he just bought Constellation Software", "context": "Pabrai recently bought Constellation Software after its stock price fell from $5,500 to the low $2,000s—finally an attractive valuation", "confidence": 95}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Topicus", "market": "Europe", "type": "bought", "quote": "invested in Constellation, Topicus and Lumine", "context": "Part of the Constellation software suite, a spin-off for Europe; together, they account for 12% of the portfolio", "confidence": 95}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Lumine", "market": "Canada", "type": "bought", "quote": "invested in Constellation, Topicus and Lumine", "context": "Third component of the Mark Leonard portfolio, representing a total of 12% of the portfolio", "confidence": 95}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "G Met", "market": "Turkey", "type": "owns", "quote": "we now have more than a quarter of the company which we're very excited about", "context": "Costco in Turkey, only 2 stores, over 25% ownership filing this week – a venture bet with a protected downside", "confidence": 95}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Alpha Metallurgical Resources", "market": "USA", "type": "owns", "quote": "would make more than 350 million in cash flow at current PLV 220 price", "context": "Met coal producer, market cap under 3 billion, 32% share buyback seit 2022, laser-focused auf shares outstanding 2035", "confidence": 92}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "TAV Airports represents 10% of portfolio, 46% owned by French government", "context": "Many airports outside Turkey, revenue denominated in euros, strong governance, mispriced because they are headquartered in Istanbul", "confidence": 92}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Kaspi", "market": "Kazakhstan", "type": "bought", "quote": "why did you decide to invest in Kaspi", "context": "Fintech/Payment Processor in Kazakhstan, PE ratio 6, expandiert nach Turkey - heads I win tails I don't lose much", "confidence": 90}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "would make more than 550 million dollars of cash flow at PLV 220", "context": "Lowest cost met coal producer, market cap under 5 billion, NOL restrictions enden April 19, 2026 - dann mehr Buyback-Flexibilität", "confidence": 90}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Raesa's", "market": "Turkey", "type": "owns", "quote": "buying at 2 3 4% of liquidation value, market cap $15 million liquidation 600-800 million", "context": "Spawner business model, incredible leadership and capital allocators, extreme mispricing in Turkey", "confidence": 90}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Transocean", "market": "USA", "type": "owns", "quote": "the acquisition of Valaris by Transocean was a stroke of genius", "context": "Offshore drilling: Transocean acquires Valaris—reduces leverage, better operator, more than doubled since the acquisition in early 2025", "confidence": 88}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": null, "market": "Turkey", "type": "bullish", "quote": "I felt like I was back in the 1960s, micro trumps the macro", "context": "Turkey offers opportunities reminiscent of the 1960s, with extreme mispricing driven by macroeconomic fears; investing in several Turkish companies", "confidence": 88}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Valaris", "market": "USA", "type": "owns", "quote": "we are very happy they were able to pull it off", "context": "To be acquired by Transocean; deal not yet closed; under-leveraged company—a good combination", "confidence": 85}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Occidental Petroleum", "market": "USA", "type": "sold", "quote": "what prompted the sale of Oxy shares", "context": "Sold due to lower conviction compared to Constellation - Opportunity Cost", "confidence": 85}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": null, "market": "India", "type": "bullish", "quote": "2028 2029 when the Indian demand is coming in in a big way increasing steel demand", "context": "Indische Stahlnachfrage treibt Met Coal These - supply going down while demand up", "confidence": 85}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "NVR", "market": "USA", "type": "sold", "quote": "he no longer owns NVR for example", "context": "Capital Light Home Builder sold; lower conviction than new positions", "confidence": 82}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Danaos Corporation", "market": "Greece", "type": "owns", "quote": "you have a shipping company, Danaos Corporation from Greece", "context": "Shipping company as an example of a value play in the portfolio despite a focus on quality compounders", "confidence": 80}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "AutoNation", "market": "USA", "type": "sold", "quote": "auto parts companies like AutoNation or Lithia Motors", "context": "The car dealership was sold; these were the lowest-conviction ideas in the portfolio", "confidence": 80}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Lithia Motors", "market": "USA", "type": "sold", "quote": "auto parts companies like AutoNation or Lithia Motors", "context": "Car dealer is selling off in favor of higher-conviction plays like Constellation", "confidence": 80}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Saudi Aramco", "market": "Saudi Arabia", "type": "bullish", "quote": "where do I sign? business with incredibly deep moat", "context": "Example of a quality commodity producer: $12 all-in cost per barrel, 5% dividend yield, no action taken for 6 years", "confidence": 75}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Group 1 Automotive", "market": "USA", "type": "sold", "quote": "auto parts and the capital light home builders", "context": "Sold along with other car dealerships due to opportunity cost", "confidence": 75}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Consol Energy", "market": "USA", "type": "sold", "quote": "investing in met coal companies like AMR or Consol Energy back in the days in 2023", "context": "Previous Met Coal position from 2023, no longer listed in the portfolio", "confidence": 70}, {"video_title": "Mohnish Pabrai Just Bought Constellation Software & Kaspi (Wagons Call React)", "id": "2KF2u8BqAZ4", "channel": "Christophe Nour - The French Investor", "source_url": "", "published_at": "2026-04-01", "recording_date": "2026-03-31", "date_source": "context", "date_evidence": "quarterly calls for his new fund...Veröffentlicht: 2026-04-01 und 'this week' im Kontext der G Met Filing", "summary": "Pabrai buys Constellation Software Group (12% of portfolio) following a sharp drop in the stock price; holds large positions in Met Coal (Alpha, Warrior) with a focus on the 2028–2035 thesis; owns over 25% of G Met Turkey; bullish on Turkey and Kazakhstan despite geopolitical risks", "sort_date": "2026-03-31", "company": "Tabgida", "market": "Turkey", "type": "owns", "quote": "Tabgida could be a spawner business model", "context": "Potential risk in the portfolio: exposure to Turkey", "confidence": 65}, {"video_title": ""You Don't Need Big Money to Get Rich" - Mohnish Pabrai Explains | Stocks | Investment", "id": "maW7RpbKpHU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for generating high returns with limited capital: aiming for a discount of at least 70% to intrinsic value, considering distressed bonds as an option, and noting that successful investors inevitably move up to higher asset classes and leave smaller opportunities behind.", "sort_date": "2026-03-31", "company": "Tenneco", "market": "USA", "type": "watching", "quote": "Charlie Munger made an investment in 2002 in Tenneco bonds at 20-30 cents", "context": "Pabrai cites Tenneco as a historical example (Charlie Munger's investment, not his own) of distressed bonds that paid off", "confidence": 45}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "stock went into the low 2,000s... it came into a price point where a person like me got excited", "context": "Pabrai bought Constellation after the price fell from $5,500 to the low $2,000s, making it an attractive investment for him", "confidence": 95}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Constellation Software", "market": "Canada", "type": "watching", "quote": "I have admired Constellation for a long time. I read Mark Leonard's all of his letters", "context": "Pabrai had been watching Constellation for a long time before he invested, read all of Mark Leonard's letters, and waited for the right valuation", "confidence": 92}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Topicus", "market": "Canada", "type": "bought", "quote": "that is why we are interested in investing in Constellation and Topicus", "context": "Pabrai invested in Topicus for the same reasons he invested in Constellation—the valuation had become attractive", "confidence": 90}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "AI is a tailwind for the incumbents in the vertical market space", "context": "Pabrai views AI as a positive for Constellation, as it cuts costs and may reduce acquisition prices while revenues remain stable", "confidence": 88}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Lummen", "market": "Canada", "type": "owns", "quote": "Why did you invest in vertical market software companies like Constellation, Topicus, and Lummen", "context": "Lummen is cited as one of the three vertical-market software companies in which Pabrai has invested", "confidence": 85}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Warrior", "market": "Unknown", "type": "owns", "quote": "including Constellation or including Warrior and Alpha", "context": "Warrior is mentioned as one of the portfolio holdings in connection with which he discusses future uncertainty", "confidence": 75}, {"video_title": "Why Is Mohnish Pabrai Buying This Stock? (Constellation Software) | Stocks | Investment", "id": "Ek6VcbmarXs", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he bought Constellation Software, Topicus, and Lummen after their valuations fell, and views AI as an opportunity rather than a threat to established players in the vertical market software sector", "sort_date": "2026-03-29", "company": "Alpha", "market": "Unknown", "type": "owns", "quote": "including Constellation or including Warrior and Alpha", "context": "Alpha is mentioned as one of the portfolio holdings in connection with which he discusses future uncertainty", "confidence": 75}, {"video_title": "How This ETF "Circles the Wagons"", "id": "RYPCbIOK0DQ", "channel": "ETFguide ", "source_url": "", "published_at": "2026-03-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his ETF's \"circle-the-wagons\" strategy: 2–4% of companies generate 95% of market returns, so he identifies great businesses and holds them for the long term without trading them", "sort_date": "2026-03-29", "company": null, "market": "US", "type": "watching", "quote": "identify what we think are great businesses and then basically keep them", "context": "Pabrai explains the Wagons Fund's strategy: identifying great companies and holding them for the long term, rather than trading them", "confidence": 75}, {"video_title": "Revisiting Alpha Metallurgical & Warrior Met Investment Thesis | Mohnish Pabrai.", "id": "yEz8JWN9Gdo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-26", "recording_date": "2026-03-26", "date_source": "context", "date_evidence": "April 19th of this year, those NOL restrictions go away. So, as of April 20th, 2026", "summary": "Pabrai defends his positions in Warrior Met Coal (~4%) and Alpha Metallurgical, highlighting their strong cash flow generation and aggressive shareholder returns through buybacks and dividends", "sort_date": "2026-03-26", "company": "Alpha Metallurgical", "market": "USA", "type": "owns", "quote": "shareholders like us have no plans to ever sell Alpha", "context": "Pabrai explicitly identifies himself as a shareholder of Alpha and has no plans to sell", "confidence": 98}, {"video_title": "Revisiting Alpha Metallurgical & Warrior Met Investment Thesis | Mohnish Pabrai.", "id": "yEz8JWN9Gdo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-26", "recording_date": "2026-03-26", "date_source": "context", "date_evidence": "April 19th of this year, those NOL restrictions go away. So, as of April 20th, 2026", "summary": "Pabrai defends his positions in Warrior Met Coal (~4%) and Alpha Metallurgical, highlighting their strong cash flow generation and aggressive shareholder returns through buybacks and dividends", "sort_date": "2026-03-26", "company": "Alpha Metallurgical", "market": "USA", "type": "bullish", "quote": "they reduced their diluted share count by 32% from '22 to '26", "context": "He points out that Alpha has repurchased 32% of its shares, whereas even the Mag 7 companies are not doing so on that scale", "confidence": 96}, {"video_title": "Revisiting Alpha Metallurgical & Warrior Met Investment Thesis | Mohnish Pabrai.", "id": "yEz8JWN9Gdo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-26", "recording_date": "2026-03-26", "date_source": "context", "date_evidence": "April 19th of this year, those NOL restrictions go away. So, as of April 20th, 2026", "summary": "Pabrai defends his positions in Warrior Met Coal (~4%) and Alpha Metallurgical, highlighting their strong cash flow generation and aggressive shareholder returns through buybacks and dividends", "sort_date": "2026-03-26", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "we have 4 odd percent of the company", "context": "Pabrai confirms that, together with all his entities, he holds approximately 4% of Warrior Met", "confidence": 95}, {"video_title": "Revisiting Alpha Metallurgical & Warrior Met Investment Thesis | Mohnish Pabrai.", "id": "yEz8JWN9Gdo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-26", "recording_date": "2026-03-26", "date_source": "context", "date_evidence": "April 19th of this year, those NOL restrictions go away. So, as of April 20th, 2026", "summary": "Pabrai defends his positions in Warrior Met Coal (~4%) and Alpha Metallurgical, highlighting their strong cash flow generation and aggressive shareholder returns through buybacks and dividends", "sort_date": "2026-03-26", "company": "Alpha Metallurgical", "market": "USA", "type": "bullish", "quote": "Alpha doing it 100% with buybacks which we love", "context": "He praises Alpha's aggressive share buyback strategy, which has reduced the number of shares by 32% over the past four years", "confidence": 94}, {"video_title": "Revisiting Alpha Metallurgical & Warrior Met Investment Thesis | Mohnish Pabrai.", "id": "yEz8JWN9Gdo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-26", "recording_date": "2026-03-26", "date_source": "context", "date_evidence": "April 19th of this year, those NOL restrictions go away. So, as of April 20th, 2026", "summary": "Pabrai defends his positions in Warrior Met Coal (~4%) and Alpha Metallurgical, highlighting their strong cash flow generation and aggressive shareholder returns through buybacks and dividends", "sort_date": "2026-03-26", "company": "Warrior Met Coal", "market": "USA", "type": "bullish", "quote": "they would produce 550 million cash flow on market cap under 5 billion", "context": "Based on current prices, he sees cash flow of 550 million as close to the trough level and expects over 1 billion annually in the coming years", "confidence": 92}, {"video_title": "Why This Boring Business Makes Billions in Revenue | Mohnish Pabrai | Stocks | Investment", "id": "-8PWe15bJBI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his non-categorical investment approach using Saudi Aramco, Alpha Metallurgical, and Warrior Met Coal as examples, noting that he considers Met Coal attractive at current prices", "sort_date": "2026-03-26", "company": "Alpha Metallurgical Resources", "market": "USA", "type": "owns", "quote": "would make more than $350 million in cash flow at current PLV price", "context": "Pabrai discusses Alpha in detail as a metallurgical coal producer, mentions 50 to 100 years of production, and analyzes cash flows based on the current price of $220 per ton", "confidence": 90}, {"video_title": "Why This Boring Business Makes Billions in Revenue | Mohnish Pabrai | Stocks | Investment", "id": "-8PWe15bJBI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his non-categorical investment approach using Saudi Aramco, Alpha Metallurgical, and Warrior Met Coal as examples, noting that he considers Met Coal attractive at current prices", "sort_date": "2026-03-26", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "Warrior would make more than $550 million of cash flow at $220 PLV price", "context": "Pabrai analyzes Warrior as a metallurgical coal producer with a market capitalization of less than $5 billion, estimates a production lifespan of 40 to 60 years, and describes its cash flow potential", "confidence": 90}, {"video_title": "Why This Boring Business Makes Billions in Revenue | Mohnish Pabrai | Stocks | Investment", "id": "-8PWe15bJBI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his non-categorical investment approach using Saudi Aramco, Alpha Metallurgical, and Warrior Met Coal as examples, noting that he considers Met Coal attractive at current prices", "sort_date": "2026-03-26", "company": null, "market": "USA", "type": "bullish", "quote": "current PLV 220 price may be close to a floor", "context": "Pabrai argues that the current Met-Coal price of $220 per ton is near the bottom, both historically and when adjusted for inflation, and that mines will close below this price", "confidence": 80}, {"video_title": "Why This Boring Business Makes Billions in Revenue | Mohnish Pabrai | Stocks | Investment", "id": "-8PWe15bJBI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his non-categorical investment approach using Saudi Aramco, Alpha Metallurgical, and Warrior Met Coal as examples, noting that he considers Met Coal attractive at current prices", "sort_date": "2026-03-26", "company": "Saudi Aramco", "market": "Saudi Arabia", "type": "bullish", "quote": "incredibly deep moat, generated more cash than any business on the planet", "context": "Pabrai analyzes Saudi Aramco as a low-cost producer with production costs below $12 per barrel and describes it as a potentially great investment at the right price", "confidence": 75}, {"video_title": "Mohnish Pabrai on Markets as a Weighing Machine", "id": "aWnlnhKoeu4", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that undervalued stocks will reveal their true value over the long term through cash flows, and that the influx of money into large-cap tech stocks creates an opportunity for value investors", "sort_date": "2026-03-26", "company": "Nvidia", "market": "Unknown", "type": "bullish", "quote": "It's great. Go Nvidia.", "context": "Pabrai enthusiastically says \"Go Nvidia\" in the context of money flowing into the \"fab four,\" which he sees as a boon for value investors because it leaves other stocks undervalued", "confidence": 45}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Constellation Software", "market": "North America", "type": "owns", "quote": "stock went into the low 2000s... came into a price point where I got excited", "context": "He invested after the stock had fallen from $5,500 to the low $2,000s, because the valuation had finally become attractive", "confidence": 95}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Topicus", "market": "North America", "type": "owns", "quote": "that is why we are interested in investing in Constellation and Topicus", "context": "He explicitly confirms the investment in Topicus alongside Constellation", "confidence": 95}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "stock that was sitting at $5500 compounding at 25-20% went into the low 2000s", "context": "He estimates a historical growth rate of 20–25% and sees a drop from $5,500 to the low $2,000s as a buying opportunity", "confidence": 92}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "AI is going to reduce Constellation's frictional costs... their costs go down", "context": "He sees AI as an advantage for Constellation because costs are falling, acquisition prices could drop, while revenue remains stable", "confidence": 90}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Constellation Software", "market": "North America", "type": "bullish", "quote": "AI coming on is a tailwind for incumbents in vertical market space", "context": "He believes AI helps established vertical software providers like Constellation more than it hurts them", "confidence": 88}, {"video_title": "Constellation Software Thesis | How Pabrai Thinks About Software Stocks", "id": "JCjUR546Mf0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why, despite his previous focus on tech, he has only now invested in Constellation, Topicus, and Lumen: for years, he felt the stocks were too expensive, but after the price dropped from $5,500 to the low $2,000s, Constellation became attractive, and he sees AI as an advantage rather than a threat to their business model.", "sort_date": "2026-03-25", "company": "Lumen", "market": "North America", "type": "owns", "quote": "vertical market software companies like Constellation, Topicus, and Lumen", "context": "Lumen is mentioned in the question as one of his positions; he does not disagree", "confidence": 75}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "compounded at more than 30% a year... has a great model... that runway is really long", "context": "Praises Titan as an example of a successful multi-bagger with a long runway (referring to Rakesh Jhunjhunwala's investment)", "confidence": 85}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": "Costco", "market": "United States", "type": "bullish", "quote": "companies that are really really good at what they do", "context": "Cite Costco as an example of a company that is performing exceptionally well in a challenging retail environment", "confidence": 80}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": "Microsoft", "market": "United States", "type": "bullish", "quote": "very strong install base of cloud-based applications and software which people cannot do without", "context": "Cite Microsoft as an example of a tech company with strong brand attributes and high switching costs", "confidence": 75}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": "Walmart", "market": "United States", "type": "bullish", "quote": "might be an example... businesses that are really great at it", "context": "Mention Walmart as another example of a strong retail company that can thrive in the long term", "confidence": 70}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": "NVR", "market": "United States", "type": "watching", "quote": "like NVR not a zone and whatever", "context": "Cite NVR as an example of potential compounder bets in a portfolio", "confidence": 55}, {"video_title": ""90% of Investors Ignore This Multibagger Rule" - Mohnish Pabrai | Stocks | Investment", "id": "dyPZAEvAojw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that finding multi-baggers isn't difficult, but holding onto them for decades is the real challenge, as illustrated by Jhunjhunwala's Titan investment.", "sort_date": "2026-03-24", "company": null, "market": "Thailand", "type": "unknown", "quote": "top 100 market cap companies in Thailand", "context": "Uses Thailand as a hypothetical example to explain that identifying high-quality companies is not difficult", "confidence": 30}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "we are interested in investing in Constellation and Topicus", "context": "Pabrai explains that he invested after the price dropped from $5,500 to the low $2,000s because the valuation had finally become attractive", "confidence": 95}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "stock went into the low 2,000s, came into a price point where I got excited", "context": "The drop in the stock price from $5,500 to the low $2,000s made the stock attractive to Pabrai for the first time, despite his long-standing admiration for it", "confidence": 92}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": "Sunteck", "market": "India", "type": "owns", "quote": "The guy who is the promoter of Sunteck he owns 68% of the company", "context": "Pabrai discusses Sunteck as an existing investment position, highlighting the high quality of its management and the absence of governance issues", "confidence": 92}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Topicus", "market": "Canada", "type": "bought", "quote": "we are interested in investing in Constellation and Topicus", "context": "Topicus is mentioned alongside Constellation as an investment; both are spin-offs or subsidiaries of the same corporate group", "confidence": 90}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "The same thing with Rain I'm convinced that he has zero interest in money", "context": "Pabrai discusses Rain Industries as his current holding, highlighting the quality of the promoters and the fact that the family owns 40% of the company", "confidence": 90}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "AI coming on is a tailwind for the incumbents in vertical market space", "context": "Pabrai argues that AI is beneficial for Constellation: more sellers due to AI concerns, lower purchase prices, reduced operating costs, and no negative impact on revenue", "confidence": 85}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Warrior", "market": "unknown", "type": "owns", "quote": "including warrior and alpha and so on and so forth", "context": "Pabrai cites Warrior as an example from his portfolio when discussing future uncertainties", "confidence": 85}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Alpha", "market": "unknown", "type": "owns", "quote": "including warrior and alpha and so on and so forth", "context": "Alpha is mentioned as part of its portfolio in the context that even good investments remain uncertain", "confidence": 85}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": null, "market": "India", "type": "bullish", "quote": "In India most companies are under followed. I can find more gap between price and value", "context": "Pabrai sees structural advantages in the Indian market due to lower analyst coverage compared to the U.S.", "confidence": 85}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": null, "market": "US", "type": "bearish", "quote": "It's much harder to find value gaps in the US versus India", "context": "Pabrai explains that the number of publicly traded U.S. companies has fallen from 8,000 to 3,600, while analyst coverage has skyrocketed", "confidence": 82}, {"video_title": "Mohnish Pabrai on Constellation Software, meeting Mark Leonard and AI tailwinds $CSU $CSU.TO $WAGN", "id": "etVyPn4fdv4", "channel": "The Value Vault by Raj", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "After years of following the companies, Pabrai invested in Constellation Software and Topicus once their stock prices fell from $5,500 to the low $2,000s; he sees AI as a tailwind for their business models", "sort_date": "2026-03-23", "company": "Constellation Software", "market": "Canada", "type": "bullish", "quote": "their costs go down, revenues don't get impact, acquisition price goes down", "context": "Pabrai identifies three positive effects of AI: lower operating costs, stable revenue, and more favorable acquisition prices of 4–5 times cash flow—possibly even lower", "confidence": 75}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": null, "market": "Hong Kong", "type": "bearish", "quote": "In Hong Kong these companies have issues. The moment they have issues we are moving on", "context": "Pabrai suggests that they have sold or are avoiding Hong Kong stocks due to problems with the companies there", "confidence": 75}, {"video_title": "How Mohnish Pabrai Keeps Finding Winning Stocks | Investment", "id": "K8aHVhzoUz4", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which focuses on India; confirms his positions in Sunteck and Rain Industries; and discusses why India offers better value opportunities than the U.S. despite higher fraud risks", "sort_date": "2026-03-23", "company": null, "market": "China", "type": "watching", "quote": "Similar adjustments in India in China as well because you got to make sure the baseline is set", "context": "Pabrai compares China to India in terms of the need to pay attention to fraud and governance quality, implying potential interest", "confidence": 65}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "IPSCO", "market": "Canada", "type": "sold", "quote": "I had a 4x in IPSCO in 15, 16 months and we moved on", "context": "Pabrai bought IPSCO in 2004 at $40 and sold it 15 months later when a Swedish company offered $160—he achieved a fourfold return", "confidence": 95}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "IPSCO", "market": "Canada", "type": "bought", "quote": "I put 10% of my fund into IPSCO at $40 a share in 2004", "context": "A steel company with $15 in cash on its balance sheet, $30 in guaranteed cash flows in two years, and a stock price of $40—a clear value investment", "confidence": 95}, {"video_title": "Mohnish Pabrai: How to Make Millions 👇", "id": "cSDJOlLWxvQ", "channel": "VG Finance", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai cites Charlie Munger's advice on building wealth by investing regularly in low-cost index funds over decades", "sort_date": "2026-03-22", "company": null, "market": "US", "type": "bullish", "quote": "put away 5, 10, 15% of income into low-cost index funds", "context": "Pabrai recommends long-term dollar-cost averaging in index funds, following Charlie Munger's advice", "confidence": 75}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "Nvidia", "market": "USA", "type": "unknown", "quote": "at one price Nvidia could be a value investment and at another price speculative", "context": "General statement that any stock can be either a value stock or a speculative stock depending on its price—no specific position", "confidence": 40}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "Microsoft", "market": "USA", "type": "unknown", "quote": "same applies to Microsoft... the more difficult it gets for me to estimate those cash flows", "context": "Microsoft is cited as an example of the difficulty in predicting cash flows in the high-flying tech sector—no clear position is apparent", "confidence": 35}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "Apple", "market": "USA", "type": "unknown", "quote": "when Buffett invested in Apple he looked at future cash flows versus what he was paying", "context": "Discusses Buffett's investment in Apple as an example of value investing—without mentioning any personal holdings", "confidence": 25}, {"video_title": ""I Chose Intelligent Investing, to make Money" - Mohnish Pabrai | Stocks | Investment", "id": "gWKCgJBqqN0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using the IPSCO investment as an example (2004, 4x return in 15 months) and emphasizes the importance of predictable cash flows—he sees greater uncertainty in high-flying tech stocks.", "sort_date": "2026-03-22", "company": "Berkshire Hathaway", "market": "USA", "type": "unknown", "quote": "same applies to Berkshire Hathaway and a zillion other companies", "context": "Berkshire mentions this only as an example to illustrate that any company can be considered a value stock or a speculative investment, depending on its price", "confidence": 20}, {"video_title": "Mohnish Pabrai on Volatility", "id": "UfIrpCX3Hxc", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy: Volatility is a value investor’s friend; the weak correlation between news and fundamentals creates opportunities", "sort_date": "2026-03-18", "company": "Coca-Cola", "market": "Unknown", "type": "watching", "quote": "Coke will go down in price. Did their long-term cash flows go down", "context": "Pabrai uses Coca-Cola as an example of volatility without a fundamental change—a potential buy signal when correlation is weak", "confidence": 45}, {"video_title": "Mohnish Pabrai On How To Turn $10K Into $1 Million 🤯", "id": "aiNqoUxZhPU", "channel": "Motivation Lesson", "source_url": "", "published_at": "2026-03-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for turning $10,000 into $1 million: dollar-cost averaging in Berkshire Hathaway instead of the S&P 500, with an expected annual return of 10% over 49 years.", "sort_date": "2026-03-15", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "I would treat Berkshire Hathaway as the index", "context": "Pabrai recommends investing $10,000 in Berkshire Class B shares rather than in the S&P 500", "confidence": 95}, {"video_title": "Mohnish Pabrai On How To Turn $10K Into $1 Million 🤯", "id": "aiNqoUxZhPU", "channel": "Motivation Lesson", "source_url": "", "published_at": "2026-03-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for turning $10,000 into $1 million: dollar-cost averaging in Berkshire Hathaway instead of the S&P 500, with an expected annual return of 10% over 49 years.", "sort_date": "2026-03-15", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "dollar cost average into Berkshire Class B shares", "context": "He would invest continuously in Berkshire B shares and expects a 10% annual return as a conservative estimate", "confidence": 92}, {"video_title": "Mohnish Pabrai On How To Turn $10K Into $1 Million 🤯", "id": "aiNqoUxZhPU", "channel": "Motivation Lesson", "source_url": "", "published_at": "2026-03-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for turning $10,000 into $1 million: dollar-cost averaging in Berkshire Hathaway instead of the S&P 500, with an expected annual return of 10% over 49 years.", "sort_date": "2026-03-15", "company": null, "market": "USA", "type": "bearish", "quote": "2025, you cannot go into the S&P", "context": "Pabrai explicitly advises against investing in the S&P 500 in 2025; perhaps not until 2035", "confidence": 88}, {"video_title": "“No CEO in India Is As Good As This Guy” – Mohnish Pabrai", "id": "jYgmxvMqOZQ", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi and its CEO, Chand, are the best among 200 Indian CEOs, with an annual return of 30% since 1994", "sort_date": "2026-03-14", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "I met about 200 public company CEOs in India. No one is as good as this guy", "context": "Pabrai singles out Motherson Sumi's CEO and business model following meetings with numerous Indian CEOs", "confidence": 98}, {"video_title": "“No CEO in India Is As Good As This Guy” – Mohnish Pabrai", "id": "jYgmxvMqOZQ", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi and its CEO, Chand, are the best among 200 Indian CEOs, with an annual return of 30% since 1994", "sort_date": "2026-03-14", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "No one is as good as this guy", "context": "Pabrai compares the CEO of Motherson Sumi to 200 other Indian CEOs he has met and says no one is as good", "confidence": 95}, {"video_title": "“No CEO in India Is As Good As This Guy” – Mohnish Pabrai", "id": "jYgmxvMqOZQ", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi and its CEO, Chand, are the best among 200 Indian CEOs, with an annual return of 30% since 1994", "sort_date": "2026-03-14", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "30% annualized return over 24 or 25 years. It's great", "context": "Pabrai praises Motherson Sumi's performance since its 1994 IPO, rising from 9 cents to 146", "confidence": 95}, {"video_title": "“No CEO in India Is As Good As This Guy” – Mohnish Pabrai", "id": "jYgmxvMqOZQ", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi and its CEO, Chand, are the best among 200 Indian CEOs, with an annual return of 30% since 1994", "sort_date": "2026-03-14", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "The guy who runs it, I met, he's a great guy. I like him a lot", "context": "Pabrai met with CEO Chand in person and expressed his deep admiration for him", "confidence": 92}, {"video_title": "“No CEO in India Is As Good As This Guy” – Mohnish Pabrai", "id": "jYgmxvMqOZQ", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains in detail why Motherson Sumi and its CEO, Chand, are the best among 200 Indian CEOs, with an annual return of 30% since 1994", "sort_date": "2026-03-14", "company": "Motherson Sumi", "market": "India", "type": "watching", "quote": "Chand is a very good manager", "context": "Pabrai provides a detailed analysis of Motherson Sumi's business model and management principles", "confidence": 90}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "GMAT Growth Stock", "market": "United States", "type": "owns", "quote": "we just had a filing earlier this week where we went over 25% across everything that I manage", "context": "Is now the largest shareholder with over 25%; the founder is viewed very positively as a \"rock star\" and \"servant leader\"; venture-style investment", "confidence": 98}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Alpha Metallurgical Resources", "market": "USA", "type": "owns", "quote": "would make more than 350 million cash flow at current PLV price", "context": "At the current Met Coal price of $220 per ton, Alpha would generate $350 million in cash flow with a market cap of less than $3 billion. We have held this position for several years.", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "would make more than $550 million cash flow at $220 PLV price", "context": "Based on the current Met Coal Index, Warrior would generate $550 million in cash flow with a market cap of less than $5 billion. Pabrai holds approximately 4% through various entities.", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "G Met Coal", "market": "India", "type": "owns", "quote": "we just went over 25% across everything I manage, very excited", "context": "Across all his funds, Pabrai has acquired more than a 25% stake in the company (according to a filing this week). Two stores, with a business model similar to Costco or Walmart. A venture-style bet", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "ResaS", "market": "Turkey", "type": "owns", "quote": "shareholder for almost seven years, market cap was $15 million, liquidation value $600-800 million", "context": "Shareholder for 7 years. Bought at a market cap of $15 million versus a liquidation value of $600–800 million. Exceptional capital allocators with a 25–35% return hurdle. Footprint growing from 12 million to 23 million square feet", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Alpha Metallurgical Resources", "market": "United States", "type": "owns", "quote": "Alpha would make more than 350 million in cash flow at current PLV price", "context": "Clear statement on ownership, detailed discussion of cash flows and buyback strategy; views it as a long-term holding for 50–100 years", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Warrior Met Coal", "market": "United States", "type": "owns", "quote": "Warrior would make more than $550 million of cash flow on market cap under 5 billion", "context": "In-depth discussion of cash flows; they mentioned that they hold a 4% stake across all entities, and the NOL restrictions expire on April 19, 2026", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Occidental Petroleum", "market": "United States", "type": "sold", "quote": "what prompted the sale of Oxy shares - they were at the bottom end of conviction", "context": "Oxy sold off to invest in higher-conviction ideas like Constellation; it was the \"lowest-conviction idea\" in the portfolio", "confidence": 95}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Reysaş", "market": "Turkey", "type": "owns", "quote": "market cap $15 million liquidation value 600 to 800 million when I visited, incredible leadership", "context": "Long-term position held for nearly 7 years; purchased at 2–4% of liquidation value; praises management as exceptional capital allocators and a model for generating returns", "confidence": 93}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "went from $5,500 to low 2000s, finally came into price point where I got excited", "context": "Pabrai bought Constellation after the stock fell from $5,500 to the low $2,000s. He has long admired Mark Leonard, but was only able to buy in at that price.", "confidence": 92}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Constellation Software", "market": "Canada", "type": "bought", "quote": "stock that was sitting at $5,500 went into the low 2000s finally came into a price point", "context": "Explains why he decided to buy in after watching the market for a long time—the price drop made it attractive; he has admired Mark Leonard for years", "confidence": 92}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Kaspi", "market": "Kazakhstan", "type": "owns", "quote": "heads I win tails I don't lose much bet, jockey is total rockstar", "context": "Fintech investment in Kazakhstan. Dividend was cut due to acquisitions in Turkey. Pabrai is betting on the CEO to act as the \"jockey\" who can tap into the Turkish market", "confidence": 90}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Tav Airports", "market": "Turkey", "type": "owns", "quote": "revenues heavily denominated in euros, 46% owned by French government, great governance", "context": "Airport operator with numerous airports outside Turkey. Hard currency generator. A 46% stake held by the French government ensures sound governance. Mispriced due to its Istanbul headquarters", "confidence": 90}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Kaspi", "market": "Kazakhstan", "type": "owns", "quote": "they made an acquisition in Turkey, bought a fintech company and a bank", "context": "Describes it as a \"heads I win, tails I don't lose much\" bet; jockey betting on expansion into Turkey; views Kazakhstan's position as secure", "confidence": 90}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Transocean", "market": "Global", "type": "owns", "quote": "the merger or acquisition of Valaris by Transocean was a stroke of genius", "context": "Very positive about the Valaris acquisition; expects improved leverage and operational improvements as a result of the merger", "confidence": 90}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Topicus", "market": "Europe", "type": "owns", "quote": "Mark Leonard's DNA operating in Europe, less competitive environment", "context": "Similar to Constellation, Mark Leonard's DNA in Europe, where there is less competition. Part of the 'Leonard Complex'", "confidence": 88}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Transocean", "market": "USA", "type": "owns", "quote": "merger with Valaris was stroke of genius by Transocean management", "context": "Transocean's acquisition of Valaris reduces leverage and increases market share. Pabrai is holding the position and is very positive about the deal", "confidence": 88}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": null, "market": "Turkey", "type": "bullish", "quote": "felt like I was back in the 1960s, mispricing too extreme to ignore", "context": "Pabrai compares the Turkish market to the U.S. in the 1960s and 1970s—extreme mispricing due to an excessive focus on macro rather than micro factors", "confidence": 88}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Topicus.com", "market": "Europe", "type": "owns", "quote": "Topicus is very similar to Constellation, Mark Leonard's DNA operating in Europe", "context": "Mentioned alongside Constellation as part of the 'Mark Leonard complex'; positive assessment of the European market", "confidence": 88}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "Tab Airports costs heavily denominated in euros, 46% owned by French government great governance", "context": "Hard currency generator in Turkey, revenues in euros, many airports outside Turkey, penalized for Istanbul HQ - Mispricing", "confidence": 88}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "TabGida", "market": "Turkey", "type": "owns", "quote": "master franchisee for Burger King and Popeyes, impressed with DNA of company", "context": "Master franchisee for Burger King and Popeyes in Turkey. The family has a long history of civil engineers spanning generations. A strong bet on exceptional management", "confidence": 87}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Tab Gida", "market": "Turkey", "type": "owns", "quote": "master franchisee for Burger King and Popeyes, best civil engineers Turkey has produced", "context": "Jockey is betting on management with an engineering background, impressed by backward integration and attention to detail, and sees potential for new initiatives", "confidence": 87}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Luminate", "market": "Global", "type": "owns", "quote": "vertical market software companies like Constellation, Topicus, and Lumen", "context": "Listed as part of the vertical software investments alongside Constellation and Topicus", "confidence": 85}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Occidental Petroleum", "market": "USA", "type": "sold", "quote": "sale of Oxy shares, were at bottom end of conviction", "context": "Sold due to lower conviction compared to new opportunities such as Constellation. Opportunity cost decision", "confidence": 85}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": null, "market": "United States", "type": "sold", "quote": "sale of Auto Parts and the Capital Light Home Builders - bottom end of conviction", "context": "Has sold auto dealers and home builders for higher-conviction ideas, and is constantly evaluating new ideas with the lowest convictions", "confidence": 85}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": null, "market": "USA", "type": "sold", "quote": "sold auto parts dealers and capital light home builders", "context": "Car dealers and homebuilders are being sold off due to lower conviction compared to new ideas like Constellation", "confidence": 82}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": null, "market": "Turkey", "type": "bullish", "quote": "when I went to Turkey I felt like I was back in the 1960s opportunities", "context": "Compares the Turkish market to the U.S. in the 1960s and 1970s, noting extreme mispricing due to an overemphasis on macroeconomics rather than microeconomics", "confidence": 82}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": null, "market": "India", "type": "bullish", "quote": "around 2028 2029 Indian demand coming in big way increasing steel demand", "context": "Starting in 2028–2029, Pabrai expects a sharp rise in Indian steel demand to drive up demand for metallurgical coal, while supply declines", "confidence": 80}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Valaris", "market": "USA", "type": "watching", "quote": "deal hasn't closed yet but we're very happy they'll pull it off", "context": "Is being acquired by Transocean. Pabrai is optimistic, but the deal has not yet been finalized.", "confidence": 75}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": null, "market": "India", "type": "bullish", "quote": "after 2029 when Indian steel demand skyrockets supply demand between Met Coal goes haywire", "context": "Sees 2028–2029 as a turning point for Met Coal due to Indian steel demand, part of the Alpha/Warrior long-term thesis", "confidence": 75}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Saudi Aramco", "market": "Saudi Arabia", "type": "bullish", "quote": "incredibly deep moat, generates more cash than any business on planet", "context": "Pabrai cites Saudi Aramco as an example of a low-cost commodity business with a structural advantage that can be a tremendous investment if priced correctly", "confidence": 65}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Lumine Group", "market": "Global", "type": "owns", "quote": "we are interested in investing in Constellation and Topicus and all of that", "context": "By \"all of that,\" he probably means the Constellation spin-offs, including Lumine, which are being discussed as part of the Mark Leonard complex", "confidence": 65}, {"video_title": "Pabrai Wagons ETF Shareholder Call  - March 11, 2026", "id": "KTNLyNqmPeo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2026-03-24", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Pabrai Wagons ETF Shareholder Call - March 11, 2026", "summary": "Pabrai discusses his portfolio holdings in the Wagons ETF in detail, focusing on Met Coal (Alpha, Warrior), Turkish investments (ResaS, TabGida, Tav Airports), and the Constellation/Topicus software complex, and explains his philosophy that micro is more important than macro.", "sort_date": "2026-03-11", "company": "Core Natural Resources", "market": "USA", "type": "watching", "quote": "thermal coal likely has very bright future driven by AI power needs", "context": "Pabrai is bullish on thermal coal due to AI-driven electricity demand, but has not yet invested in Core Natural Resources. It’s not tempting enough yet.", "confidence": 55}, {"video_title": "Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "id": "_xIx_udl0BQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-03-23", "recording_date": "2026-03-11", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons ETF Shareholder Call Replay - March 11, 2026", "summary": "Pabrai discusses his positions in the Wagons ETF in detail following its conversion from a mutual fund, focusing on Met Coal (Alpha/Warrior), the Mark Leonard complex (Constellation/Topicus), Turkish deep-value plays (Reysaş/Tab Gida/TAV), and speculative bets like Kaspi and GMAT, in which he holds over 25%.", "sort_date": "2026-03-11", "company": "Saudi Aramco", "market": "Saudi Arabia", "type": "watching", "quote": "Saudi Aramco has been around for many decades cost under $12 a barrel", "context": "Pabrai cites Saudi Aramco as an example of a low-cost commodity producer with a deep moat and speaks positively about its business model", "confidence": 45}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": null, "market": "Unknown", "type": "bullish", "quote": "I want growing pies and I want that pi to be a 10x in five years", "context": "Pabrai has changed his strategy: He is now looking for growing companies instead of cheap, stagnant ones", "confidence": 95}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": null, "market": "Unknown", "type": "bearish", "quote": "I'm not interested in discounted pies. I'm interested in growing pies", "context": "Pabrai now avoids pure value plays with no growth, even if they are heavily discounted", "confidence": 95}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": null, "market": "Unknown", "type": "bearish", "quote": "I don't want any discounted pies. I've had enough pie", "context": "He has abandoned his previous strategy of focusing solely on discount investments", "confidence": 95}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": null, "market": "Unknown", "type": "bullish", "quote": "hidden moats where no human can understand that there's a moat", "context": "Pabrai focuses on hidden opportunities that the market has not yet recognized—his current strategy", "confidence": 90}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": "Amazon", "market": "Unknown", "type": "watching", "quote": "I'm definitely not going to see Amazon in his portfolio", "context": "Amazon is widely recognized as a phenomenal business, but Pabrai isn't buying it because he thinks it's too cheap", "confidence": 80}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": "Microsoft", "market": "Unknown", "type": "watching", "quote": "the day I see Microsoft in Francis's portfolio, I'll jump out of my chair", "context": "People say Microsoft is a great company, but neither he nor his colleague Francis would buy it because it's too expensive", "confidence": 80}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": "Google", "market": "Unknown", "type": "watching", "quote": "great businesses, but the whole planet knows they're growing", "context": "Pabrai cites Google as an example of a company that is clearly performing well and growing, but which he does not buy because it is too expensive", "confidence": 75}, {"video_title": ""Multibagger Stocks Often Start as Hidden Gems" - Mohnish Pabrai | Stocks | Investment", "id": "iQl9U0E0Qr0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy from cheap value stocks to growing companies with hidden moats that can deliver 10x returns in five years, but avoids obvious tech giants like Amazon and Microsoft because they are too expensive", "sort_date": "2026-03-10", "company": "Salesforce", "market": "Unknown", "type": "watching", "quote": "I'm not going to see Salesforce in his portfolio", "context": "Salesforce is another example of a company that is clearly a good investment but that he doesn't buy", "confidence": 75}, {"video_title": "How Smart Investors Make Money by Doing Nothing | Mohnish Pabrai | Stocks | Investment", "id": "FZ15BmT21Ns", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy: Patience is more important than IQ; he focuses on downside protection rather than high risk; and he avoids tech stocks due to their lack of sustainable competitive advantages", "sort_date": "2026-03-09", "company": null, "market": "Technology", "type": "bearish", "quote": "I don't invest in tech because I spent time in it", "context": "Pabrai avoids tech investments because he knows from personal experience that technological competitive advantages are often not sustainable", "confidence": 95}, {"video_title": ""You May Only Need 1 Great Stock Every 5 Years" - Mohnish Pabrai | Stocks | Investment", "id": "cNZiV1sI8nc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why even Buffett and Munger only came up with a truly great investment idea once every five years—it’s about gaining a real edge in knowledge and then going “all in,” not about constant activity.", "sort_date": "2026-03-03", "company": "See's Candy", "market": "USA", "type": "owns", "quote": "Berkshire offered $25 million. thankfully, the family accepted their offer and See's became part of Berkshire Hathaway", "context": "Pabrai discusses Berkshire's historic acquisition of See's Candy as an example of one of Buffett and Munger's 12 great investments", "confidence": 95}, {"video_title": ""You May Only Need 1 Great Stock Every 5 Years" - Mohnish Pabrai | Stocks | Investment", "id": "cNZiV1sI8nc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why even Buffett and Munger only came up with a truly great investment idea once every five years—it’s about gaining a real edge in knowledge and then going “all in,” not about constant activity.", "sort_date": "2026-03-03", "company": "Coca-Cola", "market": "USA", "type": "owns", "quote": "in 1988, Berkshire Hathaway put 1/4 of its entire book value into Coca-Cola", "context": "Pabrai describes Berkshire's massive investment in Coca-Cola as an example of a major \"aha moment\" following his study of See's Candy", "confidence": 95}, {"video_title": ""You May Only Need 1 Great Stock Every 5 Years" - Mohnish Pabrai | Stocks | Investment", "id": "cNZiV1sI8nc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why even Buffett and Munger only came up with a truly great investment idea once every five years—it’s about gaining a real edge in knowledge and then going “all in,” not about constant activity.", "sort_date": "2026-03-03", "company": "Burlington Northern", "market": "USA", "type": "owns", "quote": "They acquired Burlington Northern. They first bought the stock, but then they acquired the entire business in late 2009", "context": "Pabrai explains how Buffett and Munger were initially skeptical of railroads but, after years of research, came to recognize the structural improvements", "confidence": 95}, {"video_title": ""You May Only Need 1 Great Stock Every 5 Years" - Mohnish Pabrai | Stocks | Investment", "id": "cNZiV1sI8nc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why even Buffett and Munger only came up with a truly great investment idea once every five years—it’s about gaining a real edge in knowledge and then going “all in,” not about constant activity.", "sort_date": "2026-03-03", "company": "Cap Cities ABC", "market": "USA", "type": "owns", "quote": "these dozen investments that Warren didn't name, but we can make a guess on, are companies like Cap Cities, ABC", "context": "Pabrai lists Cap Cities ABC as one of Buffett's 12 outstanding investments", "confidence": 85}, {"video_title": ""You May Only Need 1 Great Stock Every 5 Years" - Mohnish Pabrai | Stocks | Investment", "id": "cNZiV1sI8nc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why even Buffett and Munger only came up with a truly great investment idea once every five years—it’s about gaining a real edge in knowledge and then going “all in,” not about constant activity.", "sort_date": "2026-03-03", "company": null, "market": "USA", "type": "bullish", "quote": "investing is a game where there can be long periods where there's nothing interesting, then suddenly something shows up", "context": "Pabrai's main argument: All you need is one great idea every five years where you have a real knowledge advantage", "confidence": 75}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "On (sneakers)", "market": "Global", "type": "watching", "quote": "I saw people wearing On sneakers. it was really exploding in the sales", "context": "Pabrai has expressed interest in On Sneakers as an emerging brand with skyrocketing sales", "confidence": 65}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "Facebook", "market": "USA", "type": "bullish", "quote": "early customers of Facebook had a huge advantage because rest of world didn't know", "context": "Pabrai uses Facebook as a historical example of how to identify compounders early on through personal use", "confidence": 55}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "McDonald's", "market": "USA", "type": "watching", "quote": "if you eat at McDonald's once in a while, add that to the list", "context": "Pabrai cites McDonald's as an example of his method for identifying compounders through his own consumer behavior", "confidence": 45}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "Chipotle", "market": "USA", "type": "watching", "quote": "If you go to Chipotle once in a while, add that to the list", "context": "Chipotle is cited as another example of a consumer brand worth analyzing", "confidence": 45}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "Samsung", "market": "Global", "type": "watching", "quote": "I'm buying a Samsung phone or iPhone or whatever", "context": "Samsung is cited as an example of tech products that consumers buy", "confidence": 40}, {"video_title": "How to Find Long-Term Compounders - Explained | Mohnish Pabrai | Stocks | Investment", "id": "u00w21Q-obw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his method for identifying compounders by analyzing his own spending habits and cites Peter Lynch as a role model for this approach", "sort_date": "2026-03-01", "company": "Apple", "market": "USA", "type": "watching", "quote": "I'm buying a Samsung phone or iPhone or whatever", "context": "Apple (iPhone) is cited as an example of consumer electronics", "confidence": 40}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": "Kotak Mahindra", "market": "India", "type": "sold", "quote": "I sold the other three stocks now there was no good reason to sell", "context": "Pabrai sold Kotak Mahindra in 2000, but regrets it—the stock subsequently rose 500-fold", "confidence": 95}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "The second business which I sold which I shouldn't have was blue dart", "context": "Pabrai sold Blue Dart (India's FedEx) in 2000—the stock subsequently rose 150-fold", "confidence": 95}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": null, "market": "India", "type": "owns", "quote": "I put 40,000 into four Indian stocks", "context": "In 1995, Pabrai invested $40,000 of his first million in four Indian stocks", "confidence": 95}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": "Kotak Mahindra", "market": "India", "type": "bullish", "quote": "I was extremely impressed with the people I was dealing with", "context": "Pabrai was very impressed with Kotak in 1995, saw great potential in the brokerage business, and should have held on to his shares", "confidence": 90}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": "Blue Dart", "market": "India", "type": "bullish", "quote": "blue dot is up 150x and FedEx later took a stake in blue dot", "context": "Pabrai sees Blue Dart as a missed opportunity—a courier service with significant growth potential, later acquired by FedEx", "confidence": 85}, {"video_title": "“3 Things That Matter to Capture Multibagger Returns” - Mohnish Pabrai | Stocks | Investment", "id": "DBCELq3qWIc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on the missed opportunities for multi-baggers in India (Kotak 500x, Blue Dart 150x) that he sold too early in 2000 and explains Nick Sleep’s philosophy: hold onto great businesses without worrying about short-term valuations", "sort_date": "2026-02-27", "company": "Skypack Courier", "market": "India", "type": "sold", "quote": "Skyac went down 90%. Didn't go anywhere", "context": "In 1995, Pabrai invested in Skypack Courier as a bet on the Indian courier industry; the stock fell 90%", "confidence": 80}, {"video_title": "“I Have Not Seen any Stock Compound for 100 Years” - Mohnish Pabrai | Stocks | Investment", "id": "20Nujb6QIQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment mistakes, such as Horsehead Holdings (a total loss); he still holds Graphic Packaging; and explains his skepticism toward compounding strategies because few companies remain successful in the long term.", "sort_date": "2026-02-26", "company": "Horsehead Holdings", "market": "USA", "type": "sold", "quote": "one of the zeros was a company named Horsehead Holdings", "context": "Pabrai describes one of his biggest mistakes—the company went bankrupt and became a total loss after initial profits", "confidence": 95}, {"video_title": "“I Have Not Seen any Stock Compound for 100 Years” - Mohnish Pabrai | Stocks | Investment", "id": "20Nujb6QIQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment mistakes, such as Horsehead Holdings (a total loss); he still holds Graphic Packaging; and explains his skepticism toward compounding strategies because few companies remain successful in the long term.", "sort_date": "2026-02-26", "company": "Graphic Packaging", "market": "USA", "type": "owns", "quote": "there are scenarios under which we can lose money on graph tech", "context": "He currently holds shares in Graphic Packaging/Graphtech and is considering potential risk scenarios, but remains invested", "confidence": 90}, {"video_title": "“I Have Not Seen any Stock Compound for 100 Years” - Mohnish Pabrai | Stocks | Investment", "id": "20Nujb6QIQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment mistakes, such as Horsehead Holdings (a total loss); he still holds Graphic Packaging; and explains his skepticism toward compounding strategies because few companies remain successful in the long term.", "sort_date": "2026-02-26", "company": null, "market": "Global", "type": "bearish", "quote": "that keeps me away from the compounders", "context": "Pabrai explains why he generally avoids compounding strategies—almost no business survives 30–50 years as a strong compounding investor", "confidence": 85}, {"video_title": "“I Have Not Seen any Stock Compound for 100 Years” - Mohnish Pabrai | Stocks | Investment", "id": "20Nujb6QIQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment mistakes, such as Horsehead Holdings (a total loss); he still holds Graphic Packaging; and explains his skepticism toward compounding strategies because few companies remain successful in the long term.", "sort_date": "2026-02-26", "company": "General Electric", "market": "USA", "type": "bearish", "quote": "GE is the only one that's been around for that long and look where they're at", "context": "Use GE as an example to explain why even 100-year-old companies aren't necessarily good long-term investments", "confidence": 80}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "Blue Dart", "market": "India", "type": "owns", "quote": "I just kept those shares... accidentally held for 21 years", "context": "Pabrai accidentally held Blue Dart stock for 21 years, during which time it increased 60-fold; his initial $200 investment grew to $10,000", "confidence": 95}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "I sold those shares... they gave me $11,000", "context": "He recently sold his Blue Dart stock (about a year before the interview) for $11,000, after holding it for 21 years", "confidence": 95}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "CMGI", "market": "USA", "type": "sold", "quote": "100,000 that went into CMGI turned into 10 million", "context": "CMGI was an internet incubator investment (1995–2000); Pabrai made a 100-bagger but sold at 100x instead of holding on longer", "confidence": 95}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "Kotak Mahindra Bank", "market": "India", "type": "sold", "quote": "Kotak Mahindra Bank ended up being a 50x", "context": "Pabrai invested $1,500 in Kotak Mahindra Bank (between 1995 and 2000), but sold too early—it could have been worth $75,000 with a 50x return", "confidence": 90}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "Skypack", "market": "India", "type": "sold", "quote": "Skypack we lost about half our money", "context": "Skypack was a losing investment from his India portfolio in the 1990s, losing about 50%", "confidence": 90}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": "Satyam", "market": "India", "type": "sold", "quote": "satyam was clearly a bubble", "context": "In hindsight, he identified Satyam as a speculative investment from his original India portfolio and sold it", "confidence": 85}, {"video_title": "How Mohnish Pabrai Turned $1M into $14M - Multibagger Investing Approach | Stocks | Investment", "id": "e7HTfJIyEaA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his initial $1 million portfolio from 1995, which grew to $13–14 million thanks to CMGI (100x) and investments in India (Blue Dart 60x, Kotak 50x), but criticizes his strategy of selling too early instead of holding onto multibaggers for the long term.", "sort_date": "2026-02-23", "company": null, "market": "India", "type": "bullish", "quote": "few stocks in India had caught my attention and looked quite compelling", "context": "In the mid-1990s, Pabrai was bullish on Indian stocks in general and allocated 3% of his portfolio to them", "confidence": 75}, {"video_title": "What Are The 3 Most Important Factors in Compounding? Mohnish Pabrai Speaks.", "id": "daxgALiQYKw", "channel": "The 8th Wonder", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the three factors of compounding (initial investment, time horizon, and rate of return) and recommends long-term passive index investing combined with regular savings.", "sort_date": "2026-02-20", "company": null, "market": "US", "type": "watching", "quote": "if you're in an index we don't care about the market we just dollar cost average", "context": "Pabrai recommends a passive index strategy with monthly dollar-cost averaging, regardless of market conditions", "confidence": 90}, {"video_title": "What Are The 3 Most Important Factors in Compounding? Mohnish Pabrai Speaks.", "id": "daxgALiQYKw", "channel": "The 8th Wonder", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the three factors of compounding (initial investment, time horizon, and rate of return) and recommends long-term passive index investing combined with regular savings.", "sort_date": "2026-02-20", "company": null, "market": "US", "type": "bullish", "quote": "S&P has done about 9% a year for the last 100 years", "context": "Pabrai uses the S&P 500 as an example of long-term index investing, which has historically yielded a 9% annual return", "confidence": 85}, {"video_title": "What to Do After You Find a Great Stock | Mohnish Pabrai | Stocks | Investment", "id": "qKSyo6B21k0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and why one should hold great businesses for the long term rather than trade them too much", "sort_date": "2026-02-20", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "trades at approximately one and a half times book value", "context": "Pabrai discusses Berkshire's current valuation in the context of intrinsic value", "confidence": 80}, {"video_title": "What to Do After You Find a Great Stock | Mohnish Pabrai | Stocks | Investment", "id": "qKSyo6B21k0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and why one should hold great businesses for the long term rather than trade them too much", "sort_date": "2026-02-20", "company": "Berkshire Hathaway", "market": "USA", "type": "owns", "quote": "Warren the individual had far better grasp on intrinsic value of Berkshire", "context": "Pabrai analyzes how Warren Buffett personally values Berkshire and notes that he has never sold his shares despite price fluctuations", "confidence": 75}, {"video_title": "What to Do After You Find a Great Stock | Mohnish Pabrai | Stocks | Investment", "id": "qKSyo6B21k0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and why one should hold great businesses for the long term rather than trade them too much", "sort_date": "2026-02-20", "company": "Burlington Northern Railway", "market": "USA", "type": "bullish", "quote": "to replicate that railroad would exceed market cap of Berkshire, over a trillion", "context": "Pabrai estimates the replacement cost of the railroad at over one trillion dollars", "confidence": 75}, {"video_title": "What to Do After You Find a Great Stock | Mohnish Pabrai | Stocks | Investment", "id": "qKSyo6B21k0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and why one should hold great businesses for the long term rather than trade them too much", "sort_date": "2026-02-20", "company": "See's Candies", "market": "USA", "type": "bullish", "quote": "if you valued Berkshire at 1.2 times book you would undervalue business like Sees", "context": "Pabrai argues that See's Candies is worth more than its book value suggests", "confidence": 70}, {"video_title": "What to Do After You Find a Great Stock | Mohnish Pabrai | Stocks | Investment", "id": "qKSyo6B21k0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concept of \"owner intrinsic value\" versus \"standard intrinsic value\" and why one should hold great businesses for the long term rather than trade them too much", "sort_date": "2026-02-20", "company": "Starbucks", "market": "USA", "type": "watching", "quote": "Starbucks was taken out back and shot in last few days", "context": "Pabrai uses Starbucks as an example of the difficulty in determining whether a business is facing a temporary setback or long-term problems", "confidence": 65}, {"video_title": "Mohnish Pabrai on the "Too Hard Pile"", "id": "IlCgwSw3FZ4", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"too hard pile\" concept and cites Nvidia and Tesla as examples of stocks whose future cash flows he cannot predict with a high degree of confidence and which he therefore avoids.", "sort_date": "2026-02-17", "company": "Tesla", "market": "USA", "type": "unknown", "quote": "Tesla definitely too hard pile", "context": "Pabrai considers Tesla too difficult to assess and therefore does not invest in the stock", "confidence": 98}, {"video_title": "Mohnish Pabrai on the "Too Hard Pile"", "id": "IlCgwSw3FZ4", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"too hard pile\" concept and cites Nvidia and Tesla as examples of stocks whose future cash flows he cannot predict with a high degree of confidence and which he therefore avoids.", "sort_date": "2026-02-17", "company": "Nvidia", "market": "USA", "type": "unknown", "quote": "I don't know what Nvidia's cash flow is going to be 5 years from now", "context": "Pabrai can't predict Nvidia's future cash flows, so he's putting the stock in the \"too hard\" pile—he's not investing", "confidence": 95}, {"video_title": "Mohnish Pabrai: How to Evaluate a Stock Idea in 30 seconds #investor", "id": "GUQeQgzj6Jc", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening process and mentions in-depth studies of Fiat Chrysler and General Motors in 2012", "sort_date": "2026-02-17", "company": "Fiat Chrysler", "market": "US", "type": "watching", "quote": "in 2012 I spent probably two months doing nothing but studying Fiat Chrysler", "context": "In 2012, Pabrai spent about two months conducting an in-depth analysis of Fiat Chrysler, which suggests a strong interest", "confidence": 75}, {"video_title": "Mohnish Pabrai: How to Evaluate a Stock Idea in 30 seconds #investor", "id": "GUQeQgzj6Jc", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening process and mentions in-depth studies of Fiat Chrysler and General Motors in 2012", "sort_date": "2026-02-17", "company": "General Motors", "market": "US", "type": "watching", "quote": "in 2012 I spent a lot of time studying General Motors", "context": "In 2012, Pabrai analyzed both Fiat Chrysler and General Motors over an extended period", "confidence": 75}, {"video_title": ""Buffett's 31% Compounding Phase Changed Everything" - Mohnish Pabrai | Stocks | Investment", "id": "yAqZsxPCzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains Buffett's compound growth of 31% annually and his investment philosophy: buying stocks at less than half their value and seeking low-risk opportunities amid high uncertainty, such as with Microsoft or non-venture-backed startups.", "sort_date": "2026-02-17", "company": "Microsoft", "market": "United States", "type": "bullish", "quote": "startup of Microsoft was almost risk-free but the uncertainty related to Microsoft was very high", "context": "Pabrai uses Microsoft as an example of his investment philosophy of low risk amid high uncertainty, which leads to undervaluation", "confidence": 65}, {"video_title": ""Buffett's 31% Compounding Phase Changed Everything" - Mohnish Pabrai | Stocks | Investment", "id": "yAqZsxPCzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains Buffett's compound growth of 31% annually and his investment philosophy: buying stocks at less than half their value and seeking low-risk opportunities amid high uncertainty, such as with Microsoft or non-venture-backed startups.", "sort_date": "2026-02-17", "company": null, "market": "United States", "type": "bullish", "quote": "non ventureback startups like the Patels do not take risk, follow low-risk high uncertainty principle", "context": "Pabrai speaks positively about non-venture-backed startups in the U.S. as an investment category characterized by low risk and high uncertainty", "confidence": 60}, {"video_title": ""Buffett's 31% Compounding Phase Changed Everything" - Mohnish Pabrai | Stocks | Investment", "id": "yAqZsxPCzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains Buffett's compound growth of 31% annually and his investment philosophy: buying stocks at less than half their value and seeking low-risk opportunities amid high uncertainty, such as with Microsoft or non-venture-backed startups.", "sort_date": "2026-02-17", "company": "Google", "market": "United States", "type": "bullish", "quote": "the market gets confused between risk and uncertainty... the stock will be mispriced and probably be underpriced", "context": "Pabrai mentions Google in the context of his theory that markets confuse risk with uncertainty, which leads to undervaluation", "confidence": 55}, {"video_title": ""You Probably Can't Beat The Index" - Mohnish Pabrai | Stocks | Investment", "id": "H21t58LLs4U", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that most investors should simply invest in the S&P 500 Index, as it outperforms in the long term simply by holding onto winners like Apple, Microsoft, and Nvidia, while he takes a critical view of private equity.", "sort_date": "2026-02-15", "company": null, "market": "US", "type": "bearish", "quote": "private equity has a lot of headwinds mainly because there's too much money chasing", "context": "Pabrai is bearish on private equity due to an oversupply of capital and the resulting high valuations", "confidence": 95}, {"video_title": ""You Probably Can't Beat The Index" - Mohnish Pabrai | Stocks | Investment", "id": "H21t58LLs4U", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that most investors should simply invest in the S&P 500 Index, as it outperforms in the long term simply by holding onto winners like Apple, Microsoft, and Nvidia, while he takes a critical view of private equity.", "sort_date": "2026-02-15", "company": null, "market": "US", "type": "bullish", "quote": "you have ownership of some of the best businesses in the planet", "context": "Overall bullish outlook for the S&P 500 Index as a whole", "confidence": 90}, {"video_title": ""You Probably Can't Beat The Index" - Mohnish Pabrai | Stocks | Investment", "id": "H21t58LLs4U", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that most investors should simply invest in the S&P 500 Index, as it outperforms in the long term simply by holding onto winners like Apple, Microsoft, and Nvidia, while he takes a critical view of private equity.", "sort_date": "2026-02-15", "company": "Nvidia", "market": "US", "type": "bullish", "quote": "It's going to have the full run of Nvidia which nobody else is going to have", "context": "Pabrai points out that the index had already reached $10–20 billion at the time and rode the entire rally—a very positive assessment", "confidence": 85}, {"video_title": ""You Probably Can't Beat The Index" - Mohnish Pabrai | Stocks | Investment", "id": "H21t58LLs4U", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that most investors should simply invest in the S&P 500 Index, as it outperforms in the long term simply by holding onto winners like Apple, Microsoft, and Nvidia, while he takes a critical view of private equity.", "sort_date": "2026-02-15", "company": "Apple", "market": "US", "type": "bullish", "quote": "index is too dumb to sell Apple", "context": "Pabrai explains why the S&P Index benefits from holding Apple—implying a bullish view on Apple in the long term", "confidence": 75}, {"video_title": ""You Probably Can't Beat The Index" - Mohnish Pabrai | Stocks | Investment", "id": "H21t58LLs4U", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that most investors should simply invest in the S&P 500 Index, as it outperforms in the long term simply by holding onto winners like Apple, Microsoft, and Nvidia, while he takes a critical view of private equity.", "sort_date": "2026-02-15", "company": "Microsoft", "market": "US", "type": "bullish", "quote": "too dumb to sell Microsoft", "context": "Same logic as with Apple—long-term inclusion in the index is beneficial and implies a positive assessment", "confidence": 75}, {"video_title": "How Compounding Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks | Investment", "id": "PCThNPcJK6E", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends the Vanguard S&P ETF over hedge funds, using dollar-cost averaging and a long-term investment horizon.", "sort_date": "2026-02-14", "company": "Vanguard S&P ETF", "market": "USA", "type": "bullish", "quote": "if you bought the Vanguard S&P ETF your frictional costs are like five basis points", "context": "Pabrai specifically recommends the Vanguard S&P ETF because of its extremely low fees of just 0.05% per year", "confidence": 98}, {"video_title": "How Compounding Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks | Investment", "id": "PCThNPcJK6E", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends the Vanguard S&P ETF over hedge funds, using dollar-cost averaging and a long-term investment horizon.", "sort_date": "2026-02-14", "company": "S&P 500", "market": "USA", "type": "bullish", "quote": "S&P which has done about 9% a year for the last 100 years", "context": "Pabrai recommends the S&P 500 as a long-term investment strategy, with a historical annual return of 9%", "confidence": 95}, {"video_title": "How Compounding Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks | Investment", "id": "PCThNPcJK6E", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends the Vanguard S&P ETF over hedge funds, using dollar-cost averaging and a long-term investment horizon.", "sort_date": "2026-02-14", "company": null, "market": "USA", "type": "bearish", "quote": "most of them after fees are going to be behind the S&P", "context": "Pabrai warns against hedge funds that underperform the S&P after fees", "confidence": 92}, {"video_title": "How Compounding Makes Ordinary People Rich (Explained) | Mohnish Pabrai | Stocks | Investment", "id": "PCThNPcJK6E", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends the Vanguard S&P ETF over hedge funds, using dollar-cost averaging and a long-term investment horizon.", "sort_date": "2026-02-14", "company": "Vanguard", "market": "USA", "type": "bullish", "quote": "Joe Public is forced to go to Vanguard and buy the S&P", "context": "Pabrai says ordinary investors have an advantage because they have to buy the S&P through Vanguard", "confidence": 90}, {"video_title": "“Nobody Talks About How Li Lu Got His First $1 Million” - Mohnish Pabrai | Stocks | Investment", "id": "bclxecdcKgk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of how Li Lu made $1 million as a student and explains his philosophy of seeking out investment anomalies, mentioning Korea’s investment potential and Amazon as an example", "sort_date": "2026-02-13", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Like Amazon is an anomaly", "context": "Pabrai cites Amazon as an example of an unusual investment opportunity that investors should look for", "confidence": 70}, {"video_title": "“Nobody Talks About How Li Lu Got His First $1 Million” - Mohnish Pabrai | Stocks | Investment", "id": "bclxecdcKgk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of how Li Lu made $1 million as a student and explains his philosophy of seeking out investment anomalies, mentioning Korea’s investment potential and Amazon as an example", "sort_date": "2026-02-13", "company": null, "market": "Korea", "type": "watching", "quote": "he used to have a lot of investments in Korea", "context": "Pabrai mentions that Li Lu used to have many investments in Korea, which shows that Korea was an attractive market", "confidence": 65}, {"video_title": "“99% of Investing Is About This!” - Mohnish Pabrai | Value Investing | Stocks | Investment ", "id": "ue003yfOm2Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his downside protection philosophy, avoids expensive stocks like Nvidia, and looks for \"hated and unloved\" businesses with asymmetric upside potential", "sort_date": "2026-02-11", "company": null, "market": "US", "type": "watching", "quote": "we're looking for free lunches downside zero or close to zero with massive upside", "context": "Pabrai explains his core investment strategy: a focus on downside protection and a search for assets that are \"hated and unloved\" with an asymmetric risk-reward profile", "confidence": 95}, {"video_title": "“99% of Investing Is About This!” - Mohnish Pabrai | Value Investing | Stocks | Investment ", "id": "ue003yfOm2Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his downside protection philosophy, avoids expensive stocks like Nvidia, and looks for \"hated and unloved\" businesses with asymmetric upside potential", "sort_date": "2026-02-11", "company": null, "market": "US", "type": "watching", "quote": "you can look at things which are hated and unloved there's always things that are hated", "context": "He actively seeks out hated and unloved assets because they may be mispriced in the right direction", "confidence": 85}, {"video_title": "“99% of Investing Is About This!” - Mohnish Pabrai | Value Investing | Stocks | Investment ", "id": "ue003yfOm2Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his downside protection philosophy, avoids expensive stocks like Nvidia, and looks for \"hated and unloved\" businesses with asymmetric upside potential", "sort_date": "2026-02-11", "company": null, "market": "US", "type": "bullish", "quote": "when seven moons line up some great business is hated and unloved for temporary reasons", "context": "He describes his ideal investment opportunity: great businesses that are hated for temporary reasons", "confidence": 80}, {"video_title": "“99% of Investing Is About This!” - Mohnish Pabrai | Value Investing | Stocks | Investment ", "id": "ue003yfOm2Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his downside protection philosophy, avoids expensive stocks like Nvidia, and looks for \"hated and unloved\" businesses with asymmetric upside potential", "sort_date": "2026-02-11", "company": "Nvidia", "market": "US", "type": "bearish", "quote": "don't need to buy Nvidia", "context": "He cites Nvidia as an example of something that is overpriced and that he avoids", "confidence": 75}, {"video_title": "The Truth About Compounding at 50% a Year | Mohnish Pabrai | Stocks | Investment ", "id": "YualfcSxu1c", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that investors with limited capital can achieve returns of 40–50% by buying assets at 30 cents on the dollar, while he himself, with $750 million, no longer pursues such small-cap opportunities, illustrating this with Buffett’s early “ticket” strategy at the racetrack", "sort_date": "2026-02-08", "company": null, "market": "General", "type": "bullish", "quote": "the low end is always there for a young enterprising person", "context": "Pabrai is optimistic that small investors with limited capital can achieve high returns (40–50% IRR) because larger investors have moved away from these opportunities", "confidence": 85}, {"video_title": "The Truth About Compounding at 50% a Year | Mohnish Pabrai | Stocks | Investment ", "id": "YualfcSxu1c", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that investors with limited capital can achieve returns of 40–50% by buying assets at 30 cents on the dollar, while he himself, with $750 million, no longer pursues such small-cap opportunities, illustrating this with Buffett’s early “ticket” strategy at the racetrack", "sort_date": "2026-02-08", "company": null, "market": "Small Cap", "type": "watching", "quote": "sometimes where the total capital I can put in is 2 million... I don't spend my time looking at that business", "context": "Pabrai explains that, given his current capital of approximately $750 million, he no longer makes investments that can only absorb $2 million, because it’s not worth the effort", "confidence": 75}, {"video_title": "What If One Stock Becomes 90% of Your Portfolio? | Mohnish Pabrai | Stocks | Investment", "id": "cxsriLa_WWw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of extreme concentration—currently 70% in two positions that he considers undervalued and does not intend to sell, despite the concentration", "sort_date": "2026-02-06", "company": null, "market": "Unknown", "type": "owns", "quote": "I have two businesses in one of my funds close to 70% of portfolio", "context": "Pabrai currently holds two positions that together account for about 70% of one of his funds, and he has no plans to sell them", "confidence": 95}, {"video_title": "What If One Stock Becomes 90% of Your Portfolio? | Mohnish Pabrai | Stocks | Investment", "id": "cxsriLa_WWw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of extreme concentration—currently 70% in two positions that he considers undervalued and does not intend to sell, despite the concentration", "sort_date": "2026-02-06", "company": null, "market": "Unknown", "type": "bullish", "quote": "we are not going to be selling these businesses because they're undervalued", "context": "The two main holdings are undervalued and are managed by capable executives, which is why he holds onto them despite their high concentration", "confidence": 92}, {"video_title": "What If One Stock Becomes 90% of Your Portfolio? | Mohnish Pabrai | Stocks | Investment", "id": "cxsriLa_WWw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of extreme concentration—currently 70% in two positions that he considers undervalued and does not intend to sell, despite the concentration", "sort_date": "2026-02-06", "company": null, "market": "Unknown", "type": "bullish", "quote": "your portfolio is going to be 95% one stock if job done right", "context": "Pabrai's philosophy is that optimal investing should lead to extreme concentration in the best businesses", "confidence": 88}, {"video_title": "How Amazon Became a 2,500x Multibagger Without Cash Flows | Mohnish Pabrai | Stocks | Investment", "id": "EwEPqlgcdP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional intrinsic value calculations don't work for Amazon and describes his qualitative approach to such reinvestment-oriented businesses", "sort_date": "2026-02-05", "company": "Amazon", "market": "Unknown", "type": "watching", "quote": "the way I would look at Amazon is it's buy and hold forever", "context": "He describes Amazon as a long-term buy-and-hold investment and would only sell if the stock were extremely overvalued or if the business were to deteriorate", "confidence": 88}, {"video_title": "How Amazon Became a 2,500x Multibagger Without Cash Flows | Mohnish Pabrai | Stocks | Investment", "id": "EwEPqlgcdP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional intrinsic value calculations don't work for Amazon and describes his qualitative approach to such reinvestment-oriented businesses", "sort_date": "2026-02-05", "company": "Amazon", "market": "Unknown", "type": "bullish", "quote": "I don't consider the valuation egregious based on different pieces that are there", "context": "Pabrai does not consider Amazon's current valuation to be excessive and believes the company is attractive from a long-term perspective", "confidence": 82}, {"video_title": "How Amazon Became a 2,500x Multibagger Without Cash Flows | Mohnish Pabrai | Stocks | Investment", "id": "EwEPqlgcdP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why traditional intrinsic value calculations don't work for Amazon and describes his qualitative approach to such reinvestment-oriented businesses", "sort_date": "2026-02-05", "company": "Amazon", "market": "Unknown", "type": "bullish", "quote": "the only question I would ask is the business getting better", "context": "His investment framework for Amazon focuses on business quality rather than intrinsic value calculations", "confidence": 75}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": null, "market": "Commodities", "type": "bought", "quote": "2009 put the entire fund almost completely in commodities", "context": "During the 2009 market crash, Pabrai invested nearly his entire fund in commodities and made a 130% profit", "confidence": 95}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": null, "market": "Global", "type": "bullish", "quote": "holy grail is small ownership of great growing business over very long period", "context": "Since 2020, Pabrai has shifted his strategy back to holding great, growing companies for the long term", "confidence": 95}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": null, "market": "USA", "type": "sold", "quote": "I switched to a very heavy Ben Graham approach in 99 2000", "context": "Pabrai sold his growth stocks before the NASDAQ crash and switched to undervalued value stocks", "confidence": 92}, {"video_title": "Mohnish Pabrai: Be Unreasonable! #mohnishpabrai", "id": "xoRvGDMNDyQ", "channel": "Tiny Taikun", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy: he looks for stocks that are extremely undervalued (P/E ratio of 1–2) and exploits market inefficiencies caused by euphoria or pessimism in auction-driven markets.", "sort_date": "2026-02-04", "company": null, "market": "Global", "type": "watching", "quote": "please try to send me things which are P of one", "context": "Pabrai actively seeks out investments with extremely low valuations (P/E ratios of 1–2) and focuses on undervalued opportunities worldwide", "confidence": 92}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": "Rayas", "market": "Turkey", "type": "owns", "quote": "Rayas goes from 20 million market cap to 40 million", "context": "Pabrai visited and invested in Rayas in Turkey, a company that his Turkish friend already had in his portfolio", "confidence": 90}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": null, "market": "USA", "type": "bought", "quote": "steel companies, funeral homes single-digit multiples really cheap", "context": "In 2000, Pabrai bought well-established companies in the steel and funeral industries at low valuations", "confidence": 88}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": null, "market": "Turkey", "type": "watching", "quote": "I only visited businesses in Turkey where he already owned it", "context": "Pabrai visits Turkish companies that are already part of a trusted local investor's portfolio", "confidence": 85}, {"video_title": ""It Took Me 20 Years to Understand THIS!” - Mohnish Pabrai | Stocks | Investment", "id": "GgLAN36q8w8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his strategic shift from a buy-and-hold approach to investing in \"cigar butts\" (2000–2012) and back to great growth companies since 2020; he also mentions his Turkish investments in Rayas and his 130% return on commodities in 2009.", "sort_date": "2026-02-04", "company": "Berkshire Hathaway", "market": "USA", "type": "bought", "quote": "March 9th 2000 berkshire hit a multi-year low", "context": "This implies that Pabrai bought Berkshire while others were selling it to buy Pets.com", "confidence": 75}, {"video_title": "“One of My Biggest Mistakes in Stock Market" - Mohnish Pabrai | Stocks | Investment", "id": "8g-14ECNpWk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes selling his Ferrari shares as one of his biggest mistakes, having indirectly owned over 1% of the company through Fiat Chrysler in 2012 and sold them at a profit, but too early.", "sort_date": "2026-02-02", "company": "Fiat Chrysler", "market": "Italy", "type": "bought", "quote": "I made the investment in Fiat Chrysler in 2012 when market cap was 5 billion", "context": "Pabrai bought Fiat Chrysler in 2012 when it had a market cap of $5 billion and revenue of $140 billion, representing less than 4% of revenue; 80% of that figure was attributable to Ferrari", "confidence": 98}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "Nvidia", "market": "USA", "type": "bearish", "quote": "what does Nvidia look like 5 years from now or 10 years from now? It goes in the two hard pile", "context": "Pabrai cannot predict Nvidia's future cash flows and therefore avoids the stock entirely", "confidence": 95}, {"video_title": "“One of My Biggest Mistakes in Stock Market" - Mohnish Pabrai | Stocks | Investment", "id": "8g-14ECNpWk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes selling his Ferrari shares as one of his biggest mistakes, having indirectly owned over 1% of the company through Fiat Chrysler in 2012 and sold them at a profit, but too early.", "sort_date": "2026-02-02", "company": "Ferrari", "market": "Italy", "type": "sold", "quote": "Ferrari looked optically expensive to me and I sold", "context": "Pabrai sold his stake in Ferrari after having indirectly owned the company through Fiat Chrysler Investment; he now regrets this as one of his biggest mistakes", "confidence": 95}, {"video_title": "“One of My Biggest Mistakes in Stock Market" - Mohnish Pabrai | Stocks | Investment", "id": "8g-14ECNpWk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes selling his Ferrari shares as one of his biggest mistakes, having indirectly owned over 1% of the company through Fiat Chrysler in 2012 and sold them at a profit, but too early.", "sort_date": "2026-02-02", "company": "Fiat Chrysler", "market": "Italy", "type": "sold", "quote": "we made a lot of money on that investment and I sold", "context": "Pabrai sold the position at a profit, but regrets not holding onto the Ferrari shares", "confidence": 95}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": null, "market": "USA", "type": "watching", "quote": "99% of stocks should go into what Buffett calls the too hard pile", "context": "Pabrai avoids the vast majority of stocks because he cannot predict their future", "confidence": 93}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "Tesla", "market": "USA", "type": "bearish", "quote": "Tesla definitely too hard pile. the valuation doesn't make sense based on current cash flows", "context": "Pabrai believes Tesla is overvalued despite Musk's abilities, but cannot predict future performance", "confidence": 92}, {"video_title": "“One of My Biggest Mistakes in Stock Market" - Mohnish Pabrai | Stocks | Investment", "id": "8g-14ECNpWk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes selling his Ferrari shares as one of his biggest mistakes, having indirectly owned over 1% of the company through Fiat Chrysler in 2012 and sold them at a profit, but too early.", "sort_date": "2026-02-02", "company": "Ferrari", "market": "Italy", "type": "bullish", "quote": "very few businesses have the characteristics a Ferrari has. higher price, greater demand", "context": "Pabrai views Ferrari as an exceptional business with an inverse price-demand relationship; SUVs priced at 421k are sold out", "confidence": 92}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "Nvidia", "market": "USA", "type": "watching", "quote": "I don't know what Nvidia's cash flow is going to be 5 years from now or 10 years from now", "context": "He considers Nvidia too difficult to predict and would only invest if he could assess its cash flows", "confidence": 90}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "Infosys", "market": "India", "type": "bearish", "quote": "I wrote an article in 2001 or 2002 where I pointed out how overvalued Infosys was", "context": "In 2001–2002, Pabrai warned that Infosys was overvalued; the stock subsequently yielded zero returns for 8–9 years", "confidence": 88}, {"video_title": "“One of My Biggest Mistakes in Stock Market" - Mohnish Pabrai | Stocks | Investment", "id": "8g-14ECNpWk", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes selling his Ferrari shares as one of his biggest mistakes, having indirectly owned over 1% of the company through Fiat Chrysler in 2012 and sold them at a profit, but too early.", "sort_date": "2026-02-02", "company": "Ferrari", "market": "Italy", "type": "owns", "quote": "Abra funds owned something north of 1% of Ferrari", "context": "Through Fiat Chrysler Investment, Pabrai indirectly owned over 1% of Ferrari; he would have owned three times as much if he had held on to his shares", "confidence": 88}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "Microsoft from 2000 to 2012 the returns were zero for 12 years", "context": "He cites Microsoft as a historical example of overvaluation—despite strong business performance, the company failed to generate a return for 12 years", "confidence": 85}, {"video_title": "Mohnish Pabrai Warns a 'Lost Decade' is Coming For the Stock Market", "id": "Fkg1D_ak0vU", "channel": "Investor Center", "source_url": "", "published_at": "2026-02-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against Nvidia and Tesla due to their overvaluation and unpredictability, citing historical \"lost decade\" examples such as Microsoft (2000–2012) and Infosys, and recommends index investing for novice investors.", "sort_date": "2026-02-02", "company": "HDFC", "market": "India", "type": "bullish", "quote": "the next HDFC or the next Asian page is in there", "context": "Pabrai cites HDFC as an example of a successful company included in the index", "confidence": 65}, {"video_title": "“Stop Overcomplicating Stock Valuation”- Mohnish Pabrai | Stocks | Investment", "id": "q1GDSQXUxkA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which rejects complex DCF models, using IPSCO Trade as an example, and explains why Apple is outside his circle of competence", "sort_date": "2026-01-29", "company": "IPSCO", "market": "US", "type": "sold", "quote": "Swedish company offered $160 a share, stock went to 155, I put all the sell orders", "context": "Historical trade: bought at $45, sold at $155 when a Swedish company made a takeover bid, around 2005–2006", "confidence": 98}, {"video_title": "“Stop Overcomplicating Stock Valuation”- Mohnish Pabrai | Stocks | Investment", "id": "q1GDSQXUxkA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which rejects complex DCF models, using IPSCO Trade as an example, and explains why Apple is outside his circle of competence", "sort_date": "2026-01-29", "company": "IPSCO", "market": "Canada", "type": "bought", "quote": "I put 10% of the fund into IPSCO at $45 a share in 2004 or 2005", "context": "A steel company with $15 in cash and $15 in earnings visibility over two years; bought at $45 because the fundamentals were clear", "confidence": 98}, {"video_title": "“Stop Overcomplicating Stock Valuation”- Mohnish Pabrai | Stocks | Investment", "id": "q1GDSQXUxkA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which rejects complex DCF models, using IPSCO Trade as an example, and explains why Apple is outside his circle of competence", "sort_date": "2026-01-29", "company": "Apple", "market": "US", "type": "bearish", "quote": "would probably fall outside my circle of competence to try to figure it out", "context": "Pabrai explains that, in his view, investing in Apple is too complex today to estimate future cash flows over a 10-year period, even though he thinks the company is great", "confidence": 92}, {"video_title": "“Stop Overcomplicating Stock Valuation”- Mohnish Pabrai | Stocks | Investment", "id": "q1GDSQXUxkA", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy, which rejects complex DCF models, using IPSCO Trade as an example, and explains why Apple is outside his circle of competence", "sort_date": "2026-01-29", "company": null, "market": "Turkey", "type": "bullish", "quote": "warehouse company in Turkey, buy whole business for 20 million, liquidate for 700-800 million", "context": "Pabrai cites a Turkish warehouse as an example of a superior investment where the downside is very low due to asset value", "confidence": 75}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Titan", "market": "India", "type": "bullish", "quote": "compounded at more than 30% a year, it is a great model, runway is really long", "context": "Refers to Rakesh Jhunjhunwala's position and praises Titan's business model, which offers long-term growth potential", "confidence": 85}, {"video_title": "Techniques for managing emotions during both bull and bear markets #mohnishpabrai #moneymindset ", "id": "8t-FHdV6GOA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses market cycles of overvaluation and undervaluation and recommends index investments for novice investors", "sort_date": "2026-01-28", "company": null, "market": "General", "type": "watching", "quote": "buy the index if you are a no nothing investor", "context": "Pabrai recommends passive index investing for investors who lack research capabilities or valuation expertise", "confidence": 85}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "GE", "market": "United States", "type": "bearish", "quote": "take GE out of the Dow Jones, absolute loser companies", "context": "Mention GE as an example of a struggling company that is being removed from indices", "confidence": 80}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Microsoft", "market": "United States", "type": "bullish", "quote": "strong install base of cloud-based applications and software which people cannot do without", "context": "Cites Microsoft as an example of a tech company with a competitive moat thanks to essential software that is difficult to switch from", "confidence": 75}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "IBM", "market": "United States", "type": "bearish", "quote": "take IBM out of the Dow Jones", "context": "Cite IBM and GE as examples of weak companies that are being removed from indices", "confidence": 75}, {"video_title": "Techniques for managing emotions during both bull and bear markets #mohnishpabrai #moneymindset ", "id": "8t-FHdV6GOA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses market cycles of overvaluation and undervaluation and recommends index investments for novice investors", "sort_date": "2026-01-28", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "Microsoft was one of the most overpriced companies in 2000", "context": "Pabrai cites Microsoft as a historical example of overvaluation during the dot-com bubble", "confidence": 75}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Costco", "market": "United States", "type": "bullish", "quote": "companies that are really, really good at what they do", "context": "Highlights Costco as an example of a company that has been successful over the long term in a challenging retail market", "confidence": 70}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Alphabet", "market": "United States", "type": "bullish", "quote": "too dumb to sell, Tesla or Microsoft or Alphabet which is cranking and climbing", "context": "Cite Alphabet as an example of a strong company that remains in the index and performs well over the long term", "confidence": 70}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Apple", "market": "United States", "type": "bullish", "quote": "Apple starts off being really small and Apple becomes a really large position", "context": "Apple uses this as an example of how small positions can grow into large ones through long-term holding", "confidence": 70}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Walmart", "market": "United States", "type": "bullish", "quote": "businesses that are really great at it, proven they can endure for a long time", "context": "Name Walmart as another example of a strong retail company that can survive in the long term", "confidence": 65}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Tesla", "market": "United States", "type": "bullish", "quote": "Tesla or Microsoft or Alphabet which is cranking and climbing", "context": "Cites Tesla, along with Microsoft and Alphabet, as examples of high-performing companies", "confidence": 65}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "NVR", "market": "United States", "type": "bullish", "quote": "make these compounder bets, put 10% of portfolio into each bet", "context": "Mention NVR as an example of a compounder to invest in", "confidence": 60}, {"video_title": ""Multibaggers Come from Patiently Waiting!" - Mohnish Pabrai | Stocks | Investment", "id": "ffpHJfBWMu8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that multibaggers are created by patiently holding quality compounding stocks over the long term, not through active trading, and cites several U.S. stocks as examples.", "sort_date": "2026-01-28", "company": "Autozone", "market": "United States", "type": "bullish", "quote": "make 10 of these bets like NVR and autoone", "context": "Cite AutoZone and NVR as examples of compounder investments", "confidence": 60}, {"video_title": "The ONE Sign You Own a Future Multibagger | Mohnish Pabrai | Stocks | Investment ", "id": "Yn1IWn25HFU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how aggressive share buybacks can lead to multi-baggers over decades, citing NVR (a 1,000-bagger) and AutoZone (a 200-bagger) as examples of “uber-cannibals.”", "sort_date": "2026-01-27", "company": "NVR", "market": "United States", "type": "bullish", "quote": "NVR went from $6 to $6,000 over a 28-year period. It was a thousand bagger.", "context": "Pabrai cites NVR as a prime example of a \"multibagger\" due to aggressive share buybacks over 28 years, during which 75% of the shares were repurchased", "confidence": 95}, {"video_title": "The ONE Sign You Own a Future Multibagger | Mohnish Pabrai | Stocks | Investment ", "id": "Yn1IWn25HFU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how aggressive share buybacks can lead to multi-baggers over decades, citing NVR (a 1,000-bagger) and AutoZone (a 200-bagger) as examples of “uber-cannibals.”", "sort_date": "2026-01-27", "company": "AutoZone", "market": "United States", "type": "bullish", "quote": "AutoZone stock has gone up about 200 times in the last 30 years", "context": "AutoZone is cited as a second example of successful \"multibaggers\" achieved through consistent share buybacks without dividends", "confidence": 95}, {"video_title": "The ONE Sign You Own a Future Multibagger | Mohnish Pabrai | Stocks | Investment ", "id": "Yn1IWn25HFU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how aggressive share buybacks can lead to multi-baggers over decades, citing NVR (a 1,000-bagger) and AutoZone (a 200-bagger) as examples of “uber-cannibals.”", "sort_date": "2026-01-27", "company": "NVR", "market": "United States", "type": "bullish", "quote": "stock trades like 40 50 times earnings and maybe 20 30 years ago just be singledigit multiples", "context": "The market has recognized NVR's consistent share buyback program and has significantly raised its valuation multiple", "confidence": 90}, {"video_title": "The ONE Sign You Own a Future Multibagger | Mohnish Pabrai | Stocks | Investment ", "id": "Yn1IWn25HFU", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how aggressive share buybacks can lead to multi-baggers over decades, citing NVR (a 1,000-bagger) and AutoZone (a 200-bagger) as examples of “uber-cannibals.”", "sort_date": "2026-01-27", "company": null, "market": "United States", "type": "watching", "quote": "One can screen for these types of businesses relatively easily by looking at share counts", "context": "Pabrai describes a screening method for potential \"multibaggers\": companies that do not pay dividends but consistently buy back shares", "confidence": 85}, {"video_title": "Why Just 10% of Stocks Turn Into Multibaggers | Mohnish Pabrai Explains | Investment", "id": "6zbjO0Eygro", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening criteria for large investments: high ROE, low debt, and growth—only 10% of all companies qualify, and he prefers a portfolio of 10 holdings, each accounting for 10%.", "sort_date": "2026-01-26", "company": "Louis Vuitton", "market": "Unknown", "type": "bullish", "quote": "any fool can tell you that Louis Vuitton is a great business", "context": "Pabrai praises Louis Vuitton as an obviously excellent business with a net margin of over 20%, but stresses that valuation is key", "confidence": 80}, {"video_title": "Why Just 10% of Stocks Turn Into Multibaggers | Mohnish Pabrai Explains | Investment", "id": "6zbjO0Eygro", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening criteria for large investments: high ROE, low debt, and growth—only 10% of all companies qualify, and he prefers a portfolio of 10 holdings, each accounting for 10%.", "sort_date": "2026-01-26", "company": "Mastercard", "market": "Unknown", "type": "bullish", "quote": "I know why Mastercard does well. It's a monopoly.", "context": "Pabrai cites Mastercard as an example of a business that is clearly profitable due to its monopoly position", "confidence": 75}, {"video_title": "Why Just 10% of Stocks Turn Into Multibaggers | Mohnish Pabrai Explains | Investment", "id": "6zbjO0Eygro", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening criteria for large investments: high ROE, low debt, and growth—only 10% of all companies qualify, and he prefers a portfolio of 10 holdings, each accounting for 10%.", "sort_date": "2026-01-26", "company": "Visa", "market": "Unknown", "type": "bullish", "quote": "I know why Visa does well.", "context": "Pabrai cites Visa as another example of a monopoly-like, high-quality business", "confidence": 75}, {"video_title": "Why Just 10% of Stocks Turn Into Multibaggers | Mohnish Pabrai Explains | Investment", "id": "6zbjO0Eygro", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his screening criteria for large investments: high ROE, low debt, and growth—only 10% of all companies qualify, and he prefers a portfolio of 10 holdings, each accounting for 10%.", "sort_date": "2026-01-26", "company": "American Express", "market": "Unknown", "type": "bullish", "quote": "I know why MX American Express does well. These are monopolies or oligopy.", "context": "Pabrai views American Express as part of an oligopoly with structural advantages", "confidence": 75}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "Fiat Chrysler", "market": "USA", "type": "bought", "quote": "I was buying the shares less than a week later... with Fat Chrysler", "context": "Pabrai bought Fiat Chrysler after studying Sergio Marchionne, who promised a $5 billion market cap and over $5 billion in cash flow within five years", "confidence": 95}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "Fiat Chrysler", "market": "USA", "type": "bullish", "quote": "In five years, my cash flows will exceed five billion... it became a no-brainer", "context": "Pabrai was skeptical of Marchionne's guidance while the market was skeptical, but the investment was a no-brainer for him", "confidence": 92}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "General Motors", "market": "USA", "type": "bullish", "quote": "it was no longer a bad business... had become an exceptional business by 2010", "context": "Based on his analysis, Pabrai concluded that GM had been freed from legacy liabilities through bankruptcy and that Detroit had become the best production location", "confidence": 90}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "Rayas", "market": "USA", "type": "bought", "quote": "when I met with Rayas I was buying the shares less than a week later", "context": "Pabrai bought in very quickly after meeting with Rayas because the thesis was very simple", "confidence": 88}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "General Motors", "market": "USA", "type": "watching", "quote": "I noticed Berkshire had taken a position in General Motors", "context": "In 2012, Pabrai noticed that Berkshire and Einhorn had bought GM; at first, he just wanted to understand why", "confidence": 75}, {"video_title": "“Understand the Business Before You Invest” - Mohnish Pabrai | Stocks | Investment", "id": "0t4MDWCPdW8", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process using GM and Fiat Chrysler in 2012–2013 as an example, describing how he went from skepticism to conviction, and emphasizes the importance of thorough preparation before making investments.", "sort_date": "2026-01-24", "company": "Ford", "market": "USA", "type": "watching", "quote": "I was studying all the players, you know, Ford and Fat Chrysler", "context": "Pabrai analyzed all automakers as part of his Detroit study, but does not mention any specific company", "confidence": 60}, {"video_title": "Mohnish Pabrai: The Simple Rule That Can Double Your Money", "id": "YTvsD9FtmzI", "channel": "WeLoveValue Investing", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Rule of 72 and recommends that young people invest early in boring index funds like Vanguard, since time and compounding are more important than high returns", "sort_date": "2026-01-20", "company": null, "market": "US", "type": "bullish", "quote": "put away $10,000 in their 401k in an index", "context": "Pabrai recommends that young people invest in index funds early on and let them grow over the long term, since a 10% annual return will double the investment every seven years", "confidence": 92}, {"video_title": "Mohnish Pabrai: The Simple Rule That Can Double Your Money", "id": "YTvsD9FtmzI", "channel": "WeLoveValue Investing", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Rule of 72 and recommends that young people invest early in boring index funds like Vanguard, since time and compounding are more important than high returns", "sort_date": "2026-01-20", "company": "Vanguard", "market": "US", "type": "bullish", "quote": "Let it be a stupid index fund, Vanguard", "context": "Pabrai cites Vanguard index funds as a specific option for long-term passive investing, describing them as \"boring\" but effective", "confidence": 88}, {"video_title": "What Value Investors Do When the Market Is Falling | Mohnish Pabrai | Stocks | Investment", "id": "EHJ8lTssmdw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment process as that of a value investor: reading extensively, studying the long histories of companies (e.g., GM starting in 1911), and prioritizing wisdom over mere cleverness.", "sort_date": "2026-01-20", "company": "General Motors", "market": "USA", "type": "watching", "quote": "I started reading GM reports from 1911 to see what insights can be gleaned", "context": "Pabrai studies GM's long history out of curiosity and to learn, not with a specific investment in mind", "confidence": 75}, {"video_title": "What Value Investors Do When the Market Is Falling | Mohnish Pabrai | Stocks | Investment", "id": "EHJ8lTssmdw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment process as that of a value investor: reading extensively, studying the long histories of companies (e.g., GM starting in 1911), and prioritizing wisdom over mere cleverness.", "sort_date": "2026-01-20", "company": "Valeant", "market": "USA", "type": "bearish", "quote": "Charlie had insights about Valeant that a lot of hedge fund guys didn't have", "context": "He mentions Valeant in a negative light in the context of the Valeant saga; Charlie had concerns that turned out to be true", "confidence": 70}, {"video_title": "What Value Investors Do When the Market Is Falling | Mohnish Pabrai | Stocks | Investment", "id": "EHJ8lTssmdw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment process as that of a value investor: reading extensively, studying the long histories of companies (e.g., GM starting in 1911), and prioritizing wisdom over mere cleverness.", "sort_date": "2026-01-20", "company": "American Express", "market": "USA", "type": "watching", "quote": "I was actually doing an analysis of American Express", "context": "He mentions that he has analyzed AMX, but does not say whether he is buying or already owns it", "confidence": 65}, {"video_title": "What Value Investors Do When the Market Is Falling | Mohnish Pabrai | Stocks | Investment", "id": "EHJ8lTssmdw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his investment process as that of a value investor: reading extensively, studying the long histories of companies (e.g., GM starting in 1911), and prioritizing wisdom over mere cleverness.", "sort_date": "2026-01-20", "company": "Coca-Cola", "market": "USA", "type": "watching", "quote": "I'd never picked up the 1919 Coke report", "context": "He mentions Coca-Cola in the context of historical studies and uses the KO ticker symbol", "confidence": 50}, {"video_title": "3 Benefits of Owning Multibaggers | Mohnish Pabrai | Stocks | Investment", "id": "wfJf2KrkdFI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multi-bagger\" approach, which emphasizes long-term holding (10x returns over 10 years), tax advantages from deferred capital gains, and holding positions even when they are overvalued—as opposed to the traditional Graham approach.", "sort_date": "2026-01-18", "company": null, "market": "Unknown", "type": "bullish", "quote": "focuses on multi-baggers, businesses that can be a 10x in 10 years or less", "context": "Pabrai explains his fundamental investment approach, which focuses on long-term multi-bagger stocks", "confidence": 95}, {"video_title": "3 Benefits of Owning Multibaggers | Mohnish Pabrai | Stocks | Investment", "id": "wfJf2KrkdFI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multi-bagger\" approach, which emphasizes long-term holding (10x returns over 10 years), tax advantages from deferred capital gains, and holding positions even when they are overvalued—as opposed to the traditional Graham approach.", "sort_date": "2026-01-18", "company": null, "market": "Unknown", "type": "watching", "quote": "would continue to keep it in portfolio even when it became overvalued", "context": "He wouldn't sell positions just because they're fairly valued or slightly overvalued, but only if they're extremely overvalued", "confidence": 90}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset ", "id": "cky4FKEMbUY", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy: don’t sell quality companies just because they’re overvalued, but exit when they’re in secular decline—the interviewer cites specific examples, but Pabrai’s response is missing from the transcript", "sort_date": "2026-01-17", "company": "Nvidia", "market": "Unknown", "type": "unknown", "quote": "if you bought say Nvidia 3 years ago four years ago", "context": "The interviewer asks about Nvidia as an example; Pabrai doesn't directly answer whether one should sell—the transcript cuts off", "confidence": 25}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset ", "id": "cky4FKEMbUY", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy: don’t sell quality companies just because they’re overvalued, but exit when they’re in secular decline—the interviewer cites specific examples, but Pabrai’s response is missing from the transcript", "sort_date": "2026-01-17", "company": "Tesla", "market": "Unknown", "type": "unknown", "quote": "Should you hold names like Tesla?", "context": "The interviewer asks about Tesla, but Pabrai's answer is not included in the transcript", "confidence": 20}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset ", "id": "cky4FKEMbUY", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy: don’t sell quality companies just because they’re overvalued, but exit when they’re in secular decline—the interviewer cites specific examples, but Pabrai’s response is missing from the transcript", "sort_date": "2026-01-17", "company": "Palantir", "market": "Unknown", "type": "unknown", "quote": "Everyone's talking about Palunteer and the kind of growth", "context": "The interviewer mentions Palantir as an example of a hyped stock; Pabrai's response is missing from the transcript", "confidence": 20}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Satyam Computers", "market": "India", "type": "sold", "quote": "in January of 2000 I told Kotak unload and I got out of satyam", "context": "Sold Satyam in January 2000 near its peak price after 140 times earnings in 5 years, because he recognized a massive bubble", "confidence": 95}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Kotak", "market": "India", "type": "sold", "quote": "I wanted to clean up my books. I sold those three stocks", "context": "Kotak sold in 2000 without good reason to clean up its books, even though the stock later rose 350-fold", "confidence": 95}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "there was no good reason to sell Blue Dot or Skyack or Kotek", "context": "Sold Blue Dart in 2000 for no good reason; the stock subsequently rose about 500-fold", "confidence": 95}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Satyam Computers", "market": "India", "type": "bought", "quote": "out of the 20,000 10,000 went into Satyium", "context": "In 1995, he invested $10,000 in Satyam as one of his first investments in India; the investment grew 140-fold by 2000", "confidence": 95}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Skypack", "market": "India", "type": "sold", "quote": "I sold those three stocks", "context": "I sold Skypack in 2000; the stock didn't go anywhere, or it might have been a scam", "confidence": 90}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Kotak", "market": "India", "type": "bought", "quote": "last minute I decided to put some of that money into Kotak", "context": "In 1995, I invested about $2,000–3,000 in Kotak on a whim after having positive interactions with the team", "confidence": 90}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Blue Dart", "market": "India", "type": "bought", "quote": "the rest was between blue dot and skypack", "context": "In 1995, he invested part of his $20,000 India allocation in Blue Dart", "confidence": 85}, {"video_title": "Why Mohnish Pabrai Rarely Sells His Best Stocks | Investment ", "id": "zK87o3nmxbQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his biggest mistake: selling great companies like Kotak and Blue Dart too early, and emphasizes that one should almost never sell excellent businesses with good management", "sort_date": "2026-01-16", "company": "Skypack", "market": "India", "type": "bought", "quote": "the rest was between blue dot and skypack", "context": "In 1995, he invested part of his $20,000 India allocation in Skypack", "confidence": 85}, {"video_title": "Mohnish Pabrai investment strategy #mohnishpabrai #moneymindset #warrenbuffett ", "id": "vSOYbeLvc7g", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses valuation cycles using Microsoft as an example and recommends index investing for passive investors", "sort_date": "2026-01-16", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "Microsoft was very overpriced in 2000, 56x in 25 years not great", "context": "Pabrai uses Microsoft as an example of overvaluation in 2000 and argues that even with a 56x return over 25 years, the outcome of an overpriced purchase was only so-so", "confidence": 75}, {"video_title": "Mohnish Pabrai investment strategy | Value investing explained |Warren Buffett investing principles ", "id": "QFeJEucYVfU", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how exceptional companies like Infosys and Microsoft have been good long-term investments despite being overvalued for years", "sort_date": "2026-01-15", "company": "Infosys", "market": "India", "type": "bearish", "quote": "I pointed out how overvalued Infosys was", "context": "In 2000–2002, Pabrai wrote an article stating that Infosys was severely overvalued and that investors would see no returns for eight to nine years", "confidence": 95}, {"video_title": "Mohnish Pabrai investment strategy | Value investing explained |Warren Buffett investing principles ", "id": "QFeJEucYVfU", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how exceptional companies like Infosys and Microsoft have been good long-term investments despite being overvalued for years", "sort_date": "2026-01-15", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "Microsoft from 2000 to 2012 the returns were zero", "context": "Pabrai cites Microsoft as an example of an overvalued company that failed to generate returns for 12 years", "confidence": 92}, {"video_title": "Mohnish Pabrai investment strategy | Value investing explained |Warren Buffett investing principles ", "id": "QFeJEucYVfU", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how exceptional companies like Infosys and Microsoft have been good long-term investments despite being overvalued for years", "sort_date": "2026-01-15", "company": "Infosys", "market": "India", "type": "bullish", "quote": "if you just held Infosys from then till now you did extremely well", "context": "Despite his warning at the time, he acknowledges that long-term Infosys investors fared very well because the business continued to grow", "confidence": 90}, {"video_title": "Mohnish Pabrai investment strategy | Value investing explained |Warren Buffett investing principles ", "id": "QFeJEucYVfU", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how exceptional companies like Infosys and Microsoft have been good long-term investments despite being overvalued for years", "sort_date": "2026-01-15", "company": null, "market": "India", "type": "bullish", "quote": "they are exceptional businesses", "context": "He emphasizes that these are exceptional companies, despite being overvalued", "confidence": 88}, {"video_title": "Compounders vs Bargains: What Should You Pick? | Mohnish Pabrai | Stocks | Investment", "id": "5jVWmhvNh1w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his preference for compounding machines like Google over undervalued assets, but emphasizes flexibility and cites Apple as no longer attractive.", "sort_date": "2026-01-15", "company": "Apple", "market": "USA", "type": "bearish", "quote": "you're in love with Apple but that rabbit hole just doesn't have much meat on that bone", "context": "Apple used to have potential, but not anymore—it's no longer an attractive value investment", "confidence": 85}, {"video_title": "🔥NO ESCUCHES EL RUÍDO DEL MERCADO🔥 Mohnish Pabrai en español.", "id": "ba-6nFMTY_s", "channel": "Financial Master", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why one should ignore macroeconomic noise and mentions some attractive investments in Turkey that he has found and is likely to buy", "sort_date": "2026-01-15", "company": null, "market": "Turkey", "type": "bullish", "quote": "buying at 20% of the net asset value or for a very small fraction of future profits", "context": "He talks about Turkish investments trading at 20% of their liquidation value or a fraction of their future earnings—very attractive valuations", "confidence": 80}, {"video_title": "🔥NO ESCUCHES EL RUÍDO DEL MERCADO🔥 Mohnish Pabrai en español.", "id": "ba-6nFMTY_s", "channel": "Financial Master", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why one should ignore macroeconomic noise and mentions some attractive investments in Turkey that he has found and is likely to buy", "sort_date": "2026-01-15", "company": null, "market": "Turkey", "type": "bought", "quote": "When I was in Istanbul, I came across a few things that I think we'll get into", "context": "Pabrai visited Istanbul and identified several investment opportunities he is likely to pursue, despite the macroeconomic noise", "confidence": 75}, {"video_title": "Compounders vs Bargains: What Should You Pick? | Mohnish Pabrai | Stocks | Investment", "id": "5jVWmhvNh1w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his preference for compounding machines like Google over undervalued assets, but emphasizes flexibility and cites Apple as no longer attractive.", "sort_date": "2026-01-15", "company": "Google", "market": "USA", "type": "bullish", "quote": "probably Google gets the closest to that gold standard", "context": "Pabrai cites Google as an example of the best business model—a compounding machine with high returns on capital that can absorb capital", "confidence": 75}, {"video_title": "Compounders vs Bargains: What Should You Pick? | Mohnish Pabrai | Stocks | Investment", "id": "5jVWmhvNh1w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his preference for compounding machines like Google over undervalued assets, but emphasizes flexibility and cites Apple as no longer attractive.", "sort_date": "2026-01-15", "company": "Coca-Cola", "market": "USA", "type": "watching", "quote": "even a business like Coke the problem is they're not able to consume the cash", "context": "Coke is a good business, but not an ideal one, because it cannot reinvest all of the capital it generates", "confidence": 70}, {"video_title": "Compounders vs Bargains: What Should You Pick? | Mohnish Pabrai | Stocks | Investment", "id": "5jVWmhvNh1w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his preference for compounding machines like Google over undervalued assets, but emphasizes flexibility and cites Apple as no longer attractive.", "sort_date": "2026-01-15", "company": "AMX", "market": "Mexico", "type": "watching", "quote": "AMX the problem is they're not able to consume the cash they produce", "context": "Like Coke—good business, but not ideal because excess capital cannot be reinvested", "confidence": 70}, {"video_title": "Mohnish Pabrai investment strategy | Value investing explained |Warren Buffett investing principles ", "id": "QFeJEucYVfU", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how exceptional companies like Infosys and Microsoft have been good long-term investments despite being overvalued for years", "sort_date": "2026-01-15", "company": null, "market": "India", "type": "unknown", "quote": "they were ridiculously over overvalued", "context": "Pabrai discusses Indian value stocks that were heavily overvalued; it is unclear whether they are currently overvalued as well", "confidence": 65}, {"video_title": "Compounders vs Bargains: What Should You Pick? | Mohnish Pabrai | Stocks | Investment", "id": "5jVWmhvNh1w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his preference for compounding machines like Google over undervalued assets, but emphasizes flexibility and cites Apple as no longer attractive.", "sort_date": "2026-01-15", "company": "Phenova", "market": "USA", "type": "watching", "quote": "Buffett bought the debt of specialty finance company called Phenova which was mispriced", "context": "Pabrai uses Buffett's Phenova investment as an example of \"Plan B\" investing—undervalued assets rather than compounding machines", "confidence": 60}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": null, "market": "USA", "type": "watching", "quote": "I don't consider brands and consumer behavior my forte, very complicated area", "context": "Pabrai admits that brands and consumer behavior aren't his strong suit; it's too complex to predict which brands have pricing power", "confidence": 90}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "Coke blew them away, travels easily worldwide, magical brand power, See's on steroids", "context": "Pabrai explains why Buffett and Munger went all-in on Coke—global scalability, unlike See's, and the lack of an aftertaste enable high consumption", "confidence": 85}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "See's Candies", "market": "USA", "type": "watching", "quote": "Buffett and Munger bought See's, 10% price increase worked, but California only phenomenon", "context": "Pabrai explains that See's has strong pricing power in California but has been unable to expand that power beyond the state despite numerous attempts worldwide", "confidence": 80}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Kraft Heinz", "market": "USA", "type": "watching", "quote": "Buffett and Munger bought Kraft Heinz, ketchup has pricing power, cheese doesn't", "context": "Pabrai analyzes differences in pricing power within the same company—ketchup can raise prices, but cheese cannot, due to consumers switching brands", "confidence": 75}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "Microsoft - brands that dominate minds and markets, habits and daily choices", "context": "While the narrator cites \"multibaggers\" as an example of strong brands, Pabrai does not discuss them directly", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Apple", "market": "USA", "type": "bullish", "quote": "Apple - brands that dominate minds and markets", "context": "Cited by the narrator as an example of strong brands, not by Pabrai himself", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Google", "market": "USA", "type": "bullish", "quote": "Google - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Monster Beverages", "market": "USA", "type": "bullish", "quote": "Monster Beverages - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Asian Paints", "market": "India", "type": "bullish", "quote": "Asian Paints - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Bajaj Finance", "market": "India", "type": "bullish", "quote": "Bajaj Finance - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Royal Enfield", "market": "India", "type": "bullish", "quote": "Royal Enfield - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Nvidia", "market": "USA", "type": "bullish", "quote": "Nvidia - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Amazon - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Tesla", "market": "USA", "type": "bullish", "quote": "Tesla - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "What Really Makes Stocks Multibaggers | Mohnish Pabrai | Investment", "id": "j7-GpTrIUaY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why some brands, such as Coke, are able to scale globally and have pricing power, while others, such as See's, remain regionally limited; however, he admits that consumer brands are not his area of expertise", "sort_date": "2026-01-14", "company": "Meta", "market": "USA", "type": "bullish", "quote": "Meta - brands that dominate minds and markets", "context": "Cited by the narrator as an example, not by Pabrai", "confidence": 30}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset #warrenbuffett ", "id": "1kYSCMKx4mM", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the importance of patience in investing and how index investing automatically retains winners and weeds out losers, using historical examples such as Walmart, Asian Paints, Xerox, and Kodak.", "sort_date": "2026-01-11", "company": "Xerox", "market": "USA", "type": "bearish", "quote": "the index will take out Xerox", "context": "Pabrai uses Xerox as an example of companies that are removed from indices", "confidence": 80}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset #warrenbuffett ", "id": "1kYSCMKx4mM", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the importance of patience in investing and how index investing automatically retains winners and weeds out losers, using historical examples such as Walmart, Asian Paints, Xerox, and Kodak.", "sort_date": "2026-01-11", "company": "Kodak", "market": "USA", "type": "bearish", "quote": "it will take out Kodak", "context": "Pabrai uses Kodak as an example of failed companies that drop out of the indices", "confidence": 80}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset #warrenbuffett ", "id": "1kYSCMKx4mM", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the importance of patience in investing and how index investing automatically retains winners and weeds out losers, using historical examples such as Walmart, Asian Paints, Xerox, and Kodak.", "sort_date": "2026-01-11", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "you only needed to hold Walmart at 2% weightage 50 years ago and just not touch it", "context": "Pabrai cites Walmart as an example of a successful long-term buy-and-hold strategy spanning 55 years", "confidence": 75}, {"video_title": "“If You Can’t Do This, Don’t Invest” – Mohnish Pabrai #mohnishpabrai #moneymindset #warrenbuffett ", "id": "1kYSCMKx4mM", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the importance of patience in investing and how index investing automatically retains winners and weeds out losers, using historical examples such as Walmart, Asian Paints, Xerox, and Kodak.", "sort_date": "2026-01-11", "company": "Asian Paints", "market": "India", "type": "bullish", "quote": "the index will keep Asian Paints forever for you", "context": "Pabrai cites Asian Paints as an example of a long-term winner that remains in the index", "confidence": 70}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Costco", "market": "USA", "type": "bullish", "quote": "Costco is a great business which doesn't exist in India yet", "context": "Pabrai describes Costco as a prime example of a \"scaled economy shared\" model with a maximum markup of 15%", "confidence": 95}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Demart", "market": "India", "type": "bullish", "quote": "Demart business model is combination of Costco and Walmart which is why nobody can touch them", "context": "Pabrai points out that Demart has adapted the Costco model, which is why it is so successful", "confidence": 95}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Avenue Supermarkets", "market": "India", "type": "bullish", "quote": "Avenue Supermarkets took a lot of lessons from Costco in their business model", "context": "Avenue Supermarkets is the parent company of Demart—viewed favorably due to its Costco-inspired business model", "confidence": 90}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Amazon follows the same model. It's also a scaled economy share", "context": "Pabrai describes Amazon in a positive light as an example of a scaled economy shared model", "confidence": 85}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Rain Industries", "market": "India", "type": "sold", "quote": "Rain Industries was not a great business. It was a stock opportunity", "context": "Pabrai made 11 trades in 18 months, but emphasizes that it was not a long-term investment—implying that he sold", "confidence": 85}, {"video_title": "Mohnish Pabrai shares practical investing wisdom, decision-making insights, and mental models", "id": "TUPS-lZQPGA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Using the Nifty50 as an example, Pabrai illustrates that a single exceptional winner like Walmart can more than make up for a portfolio that has been almost completely wiped out.", "sort_date": "2026-01-10", "company": "Xerox", "market": "USA", "type": "bearish", "quote": "These have gone to zero. A lot of them have gone to zero.", "context": "Pabrai notes that many of the original Nifty50 companies, such as Xerox, have gone to zero", "confidence": 85}, {"video_title": "Mohnish Pabrai shares practical investing wisdom, decision-making insights, and mental models", "id": "TUPS-lZQPGA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Using the Nifty50 as an example, Pabrai illustrates that a single exceptional winner like Walmart can more than make up for a portfolio that has been almost completely wiped out.", "sort_date": "2026-01-10", "company": "Polaroid", "market": "USA", "type": "bearish", "quote": "These have gone to zero.", "context": "Some of the Nifty50 companies that have completely failed", "confidence": 85}, {"video_title": "Mohnish Pabrai shares practical investing wisdom, decision-making insights, and mental models", "id": "TUPS-lZQPGA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Using the Nifty50 as an example, Pabrai illustrates that a single exceptional winner like Walmart can more than make up for a portfolio that has been almost completely wiped out.", "sort_date": "2026-01-10", "company": "Kodak", "market": "USA", "type": "bearish", "quote": "These have gone to zero.", "context": "Some of the Nifty50 companies that have completely failed", "confidence": 85}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Berkshire like geico insurance they are following the same trend", "context": "Pabrai cites Berkshire/Geico as another example of the principle of economies of scale", "confidence": 80}, {"video_title": "Mohnish Pabrai shares practical investing wisdom, decision-making insights, and mental models", "id": "TUPS-lZQPGA", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Using the Nifty50 as an example, Pabrai illustrates that a single exceptional winner like Walmart can more than make up for a portfolio that has been almost completely wiped out.", "sort_date": "2026-01-10", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Walmart alone beats S&P with solid double-digit return even with 98% portfolio to zero", "context": "Pabrai uses Walmart as an example of the power of an exceptional long-term winner in a Nifty50 scenario", "confidence": 75}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Mastercard", "market": "USA", "type": "watching", "quote": "Mastercard collects 20 25 basis points on every credit card transaction", "context": "Pabrai cites Mastercard as an example of economies of scale, but criticizes the company for not sharing profits with customers", "confidence": 45}, {"video_title": "How to Spot a Great Business | Mohnish Pabrai | Stocks | Investment | Compounding", "id": "lstYDOhp2aM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the \"scaled economy shared\" concept and highlights Costco and Demart as prime examples of great businesses that create long-term prosperity.", "sort_date": "2026-01-10", "company": "Walmart", "market": "USA", "type": "watching", "quote": "Walmart typical margin is about 25% or 30%", "context": "Pabrai compares Walmart to Costco, implying a less customer-friendly model", "confidence": 40}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "SUNTC Realty", "market": "India", "type": "owns", "quote": "we own 9.999%. That's the maximum I'm allowed to own", "context": "Pabrai owns maximum allowed stake in SUNTC Realty Mumbai, bought after demonetization when stock collapsed", "confidence": 95}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "I own guess what 9.999% of Rain Industries", "context": "Maximum allowed stake bought at 35 rupees, now 3x in 3 years, aluminum supply chain oligopoly", "confidence": 95}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "SUNTC Realty", "market": "India", "type": "bullish", "quote": "even with the 355, we'll kick Mastercard's ass", "context": "Very confident SUNTC will outperform Mastercard over 12 years despite lower quality business", "confidence": 92}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "Rain is going to blow him away", "context": "Betting Rain will outperform Motherson Sumi despite Motherson being higher quality business", "confidence": 90}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Moutai", "market": "China", "type": "bullish", "quote": "do we love Maai? Yes, absolutely. What a company. The ultimate moat", "context": "Calls Moutai the ultimate moat, better than Mastercard, can keep raising prices with China rising", "confidence": 88}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Mastercard", "market": "Unknown", "type": "bearish", "quote": "It's not going to go from 12 million to 144 million", "context": "Tells Guy Spear that Mastercard at 30x earnings won't repeat past performance, subject to disruption", "confidence": 85}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Motherson Sumi", "market": "India", "type": "bearish", "quote": "forget mothers sumi, the action is in Rain Industries", "context": "Despite calling Motherson CEO best of 200 Indian CEOs met, betting against it vs Rain", "confidence": 80}, {"video_title": "Mohnish Pabrai’s Best Investing Lessons Explained", "id": "0YVQIphZbLQ", "channel": "Wealth Awesome", "source_url": "", "published_at": "2026-01-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai owns maximum stakes in SUNTC Realty and Rain Industries in India, betting these mispriced 'hidden moats' will outperform quality names like Mastercard and Motherson Sumi over 12 years", "sort_date": "2026-01-08", "company": "Coca-Cola", "market": "Unknown", "type": "watching", "quote": "From 2000 to 2018, Coke delivered a return of less than 3% a year", "context": "Uses Coke as example of great business becoming poor investment when bought at 40x earnings", "confidence": 70}, {"video_title": "How Often Should You REALLY Check Your Portfolio? | Mohnish Pabrai | Stocks | Investment", "id": "r8GE1x0CMeY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that during difficult market periods, he focuses on fundamental valuations rather than stock prices, and cites examples from 2008–09 and a Turkish investment.", "sort_date": "2026-01-04", "company": null, "market": "USA", "type": "bought", "quote": "from March 2009 to December 2009 the funds were up like 135%", "context": "After the market bottom in March 2009, Pabrai went on a buying spree because he believed the companies were worth significantly more than their market valuations", "confidence": 92}, {"video_title": "How Often Should You REALLY Check Your Portfolio? | Mohnish Pabrai | Stocks | Investment", "id": "r8GE1x0CMeY", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that during difficult market periods, he focuses on fundamental valuations rather than stock prices, and cites examples from 2008–09 and a Turkish investment.", "sort_date": "2026-01-04", "company": null, "market": "Turkey", "type": "owns", "quote": "this business in Turkey at 20 million, I did all the due diligence", "context": "Pabrai visited warehouses in Turkey and met with the management of a company he considers to be fundamentally undervalued", "confidence": 88}, {"video_title": "30 years of INVESTMENT Tips from #mohnishpabrai life #warrenbuffett #billionaire #billgates #money ", "id": "I_HrvdBj4Es", "channel": "BookMyAds", "source_url": "", "published_at": "2026-01-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses how to handle drawdowns of 30–40% and mentions the current bear market in India, emphasizing that, from a philosophical perspective, a loss of wealth means “nothing is lost”", "sort_date": "2026-01-04", "company": null, "market": "India", "type": "watching", "quote": "we are in this phase in the Indian markets onset of a bear market", "context": "Pabrai confirms that India is in a bear market and discusses drawdowns in the context of Indian markets", "confidence": 65}, {"video_title": "How a Simple Checklist Builds Long-Term Wealth | Mohnish Pabrai | Stocks | Investment", "id": "uAOljcKRLS0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using a 160-question checklist, discusses failed banking investments such as Delta Financial, and highlights his successes with low-cost commodity producers", "sort_date": "2026-01-03", "company": null, "market": "Banking/Finance", "type": "bearish", "quote": "I've come to the conclusion that I don't need to go there. if a bank comes up I just say it's a pass", "context": "After several failed investments in banks and financial companies, Pabrai avoids this sector entirely", "confidence": 98}, {"video_title": "How a Simple Checklist Builds Long-Term Wealth | Mohnish Pabrai | Stocks | Investment", "id": "uAOljcKRLS0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using a 160-question checklist, discusses failed banking investments such as Delta Financial, and highlights his successes with low-cost commodity producers", "sort_date": "2026-01-03", "company": "Delta Financial", "market": "USA", "type": "sold", "quote": "Delta Financial, went to zero. That was painful because we had 60 70 million invested", "context": "In 2008, Pabrai made an investment in a subprime mortgage lender that was completely lost—this was a painful lesson", "confidence": 95}, {"video_title": "How a Simple Checklist Builds Long-Term Wealth | Mohnish Pabrai | Stocks | Investment", "id": "uAOljcKRLS0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using a 160-question checklist, discusses failed banking investments such as Delta Financial, and highlights his successes with low-cost commodity producers", "sort_date": "2026-01-03", "company": null, "market": "Commodity businesses", "type": "bullish", "quote": "I've done very well in commodity businesses which are low cost, those have worked really well", "context": "Pabrai has had good results with low-cost commodity producers—this is one of his areas of strength", "confidence": 92}, {"video_title": "“High P/E Isn’t Always a Sell Signal” - Mohnish Pabrai | Stocks | Investment", "id": "N1d_Zf60F4w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-21", "recording_date": "2026-01-01", "date_source": "context", "date_evidence": "So I practiced that until actually this year. And so the the big epiphany for me this year was that", "summary": "Pabrai explains his change in strategy for 2026: instead of selling compounders at 100% intrinsic value, he now holds onto them longer, as long as their DNA and culture remain intact and they are not egregiously overvalued.", "sort_date": "2026-01-01", "company": null, "market": "US", "type": "unknown", "quote": "the big epiphany for me this year was that if you are lucky enough to have bought into a great compounder", "context": "In 2026, Pabrai made a fundamental shift in his strategy: he now holds onto compounders even if they rise above their intrinsic value, rather than selling them at 90–100 cents", "confidence": 90}, {"video_title": "“High P/E Isn’t Always a Sell Signal” - Mohnish Pabrai | Stocks | Investment", "id": "N1d_Zf60F4w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-21", "recording_date": "2026-01-01", "date_source": "context", "date_evidence": "So I practiced that until actually this year. And so the the big epiphany for me this year was that", "summary": "Pabrai explains his change in strategy for 2026: instead of selling compounders at 100% intrinsic value, he now holds onto them longer, as long as their DNA and culture remain intact and they are not egregiously overvalued.", "sort_date": "2026-01-01", "company": null, "market": "US", "type": "unknown", "quote": "I was always looking for the last 20 years for discounted buys", "context": "For 20 years, Pabrai followed a strategy: buy at 40–50 cents on the dollar, sell at 90 cents after 2–3 years", "confidence": 85}, {"video_title": "“High P/E Isn’t Always a Sell Signal” - Mohnish Pabrai | Stocks | Investment", "id": "N1d_Zf60F4w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-21", "recording_date": "2026-01-01", "date_source": "context", "date_evidence": "So I practiced that until actually this year. And so the the big epiphany for me this year was that", "summary": "Pabrai explains his change in strategy for 2026: instead of selling compounders at 100% intrinsic value, he now holds onto them longer, as long as their DNA and culture remain intact and they are not egregiously overvalued.", "sort_date": "2026-01-01", "company": null, "market": "US", "type": "unknown", "quote": "in the 2000s I changed my style because market had overheated", "context": "In the early 2000s, Pabrai shifted from GARP to deep value investing due to overheated markets, particularly in the technology sector", "confidence": 80}, {"video_title": "“High P/E Isn’t Always a Sell Signal” - Mohnish Pabrai | Stocks | Investment", "id": "N1d_Zf60F4w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-21", "recording_date": "2026-01-01", "date_source": "context", "date_evidence": "So I practiced that until actually this year. And so the the big epiphany for me this year was that", "summary": "Pabrai explains his change in strategy for 2026: instead of selling compounders at 100% intrinsic value, he now holds onto them longer, as long as their DNA and culture remain intact and they are not egregiously overvalued.", "sort_date": "2026-01-01", "company": "Costco", "market": "China", "type": "bullish", "quote": "they have one store in China. maybe it looks like what happened in the first 20 years in the US", "context": "Pabrai sees great potential for Costco in China, with the possibility of over a thousand stores in 20 years", "confidence": 75}, {"video_title": "“High P/E Isn’t Always a Sell Signal” - Mohnish Pabrai | Stocks | Investment", "id": "N1d_Zf60F4w", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-02-21", "recording_date": "2026-01-01", "date_source": "context", "date_evidence": "So I practiced that until actually this year. And so the the big epiphany for me this year was that", "summary": "Pabrai explains his change in strategy for 2026: instead of selling compounders at 100% intrinsic value, he now holds onto them longer, as long as their DNA and culture remain intact and they are not egregiously overvalued.", "sort_date": "2026-01-01", "company": "Costco", "market": "US", "type": "watching", "quote": "I didn't exactly get this for Munger, but if Costco got to 100 times earnings", "context": "Pabrai cites Costco as an example of a compounder that investors should hold onto, even if it seems expensive, but he himself would not hold onto it if its valuation were extreme", "confidence": 65}, {"video_title": "13F Q4 2025 – WARRIOR MET COAL INC", "id": "13f_0001549575-26-000002_93627C101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000002/0001549575-26-000002-index.htm", "published_at": "2026-02-13", "recording_date": "2025-12-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-12-31", "summary": "SEC 13F-HR Q4 2025: WARRIOR MET COAL INC (HCC) – 1,799,831 shares, $158.7M market value.", "sort_date": "2025-12-31", "company": "WARRIOR MET COAL INC", "market": "United States", "type": "owns", "quote": "Pabrai holds 1,799,831 shares of WARRIOR MET COAL INC (HCC)", "context": "Position reported in SEC 13F-HR filing for Q4 2025. Market value: $158.7M. CUSIP: 93627C101.", "confidence": 100}, {"video_title": "13F Q4 2025 – TRANSOCEAN LTD", "id": "13f_0001549575-26-000002_H8817H100", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000002/0001549575-26-000002-index.htm", "published_at": "2026-02-13", "recording_date": "2025-12-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-12-31", "summary": "SEC 13F-HR Q4 2025: TRANSOCEAN LTD (RIG) – 27,040,133 shares, $111.7M market value.", "sort_date": "2025-12-31", "company": "TRANSOCEAN LTD", "market": "United States", "type": "increased", "quote": "Pabrai increased position in TRANSOCEAN LTD (RIG) to 27,040,133 shares", "context": "Position reported in SEC 13F-HR filing for Q4 2025. Market value: $111.7M. CUSIP: H8817H100.", "confidence": 100}, {"video_title": "13F Q4 2025 – ALPHA METALLURGICAL RESOUR I", "id": "13f_0001549575-26-000002_020764106", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000002/0001549575-26-000002-index.htm", "published_at": "2026-02-13", "recording_date": "2025-12-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-12-31", "summary": "SEC 13F-HR Q4 2025: ALPHA METALLURGICAL RESOUR I (AMR) – 543,000 shares, $108.5M market value.", "sort_date": "2025-12-31", "company": "ALPHA METALLURGICAL RESOUR I", "market": "United States", "type": "increased", "quote": "Pabrai increased position in ALPHA METALLURGICAL RESOUR I (AMR) to 543,000 shares", "context": "Position reported in SEC 13F-HR filing for Q4 2025. Market value: $108.5M. CUSIP: 020764106.", "confidence": 100}, {"video_title": "13F Q4 2025 – VALARIS LTD", "id": "13f_0001549575-26-000002_G9460G101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957526000002/0001549575-26-000002-index.htm", "published_at": "2026-02-13", "recording_date": "2025-12-31", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-12-31", "summary": "SEC 13F-HR Q4 2025: VALARIS LTD (VAL) – 459,098 shares, $23.1M market value.", "sort_date": "2025-12-31", "company": "VALARIS LTD", "market": "United States", "type": "decreased", "quote": "Pabrai reduced position in VALARIS LTD (VAL) to 459,098 shares", "context": "Position reported in SEC 13F-HR filing for Q4 2025. Market value: $23.1M. CUSIP: G9460G101.", "confidence": 100}, {"video_title": "“This is Why I Don’t Buy Large Cap Stocks” - Mohnish Pabrai | Investment", "id": "PJbMpbqJ9u8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he doesn't buy large-cap stocks like GE or Fortune 500 companies and instead looks for distressed opportunities in overlooked markets like Qatar", "sort_date": "2025-12-31", "company": null, "market": "US", "type": "bearish", "quote": "if the company's in the Fortune 500 or S&P 500, we're done", "context": "Pabrai generally excludes all Fortune 500 and S&P 500 companies because they do not offer sufficient price-to-earnings multiples", "confidence": 98}, {"video_title": "Mohnish Pabrai on Edelweiss", "id": "emzrh3TrwZk", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as upcoming spin-offs such as EAA and other subsidiaries could be worth more individually than the company’s current total valuation; he plans to hold the shares for the long term", "sort_date": "2025-12-31", "company": "Edelweiss", "market": "India", "type": "owns", "quote": "Edelweiss ridiculously undervalued business with market cap about 1.1 billion", "context": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as its spin-offs, such as Nubama and EA, could be worth considerably more than the parent company", "confidence": 95}, {"video_title": "“This is Why I Don’t Buy Large Cap Stocks” - Mohnish Pabrai | Investment", "id": "PJbMpbqJ9u8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he doesn't buy large-cap stocks like GE or Fortune 500 companies and instead looks for distressed opportunities in overlooked markets like Qatar", "sort_date": "2025-12-31", "company": "GE", "market": "US", "type": "bearish", "quote": "I would just not even spend two seconds on it", "context": "Pabrai rejects GE because it is too large, is followed by too many analysts, and does not offer 5–10x upside potential", "confidence": 95}, {"video_title": "I DON'T BUY LARGE CAPS #stockmarket", "id": "TW-ojdKKZXw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he completely avoids large-cap stocks and Fortune/S&P 500 companies—too many analysts, and no potential for significant returns.", "sort_date": "2025-12-31", "company": null, "market": "US", "type": "bearish", "quote": "if the company's in the Fortune 500 or the S&P 500, we're done", "context": "Pabrai completely avoids the 500 largest U.S. companies because they are closely watched by many analysts and do not offer significant upside potential", "confidence": 95}, {"video_title": "I DON'T BUY LARGE CAPS #stockmarket", "id": "TW-ojdKKZXw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he completely avoids large-cap stocks and Fortune/S&P 500 companies—too many analysts, and no potential for significant returns.", "sort_date": "2025-12-31", "company": null, "market": "US", "type": "bearish", "quote": "probably the case of the thousand largest businesses in the US, forget about that", "context": "In his opinion, the 1,000 largest U.S. companies do not offer sufficient growth potential and are therefore ignored", "confidence": 93}, {"video_title": "Mohnish Pabrai on Edelweiss", "id": "emzrh3TrwZk", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as upcoming spin-offs such as EAA and other subsidiaries could be worth more individually than the company’s current total valuation; he plans to hold the shares for the long term", "sort_date": "2025-12-31", "company": "Edelweiss", "market": "India", "type": "bullish", "quote": "intent to hang on to these businesses, as long as valuations don't get egregious", "context": "I plan to hold onto both Edelweiss and the upcoming spin-offs for the long term, as long as valuations don't get out of hand", "confidence": 92}, {"video_title": "I DON'T BUY LARGE CAPS #stockmarket", "id": "TW-ojdKKZXw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he completely avoids large-cap stocks and Fortune/S&P 500 companies—too many analysts, and no potential for significant returns.", "sort_date": "2025-12-31", "company": "GE", "market": "US", "type": "bearish", "quote": "it's probably followed by two dozen analysts, no factor of five or 10", "context": "GE is cited as an example of a large-cap stock he doesn't buy—too many analysts, and no significant upside potential", "confidence": 92}, {"video_title": "Mohnish Pabrai on Edelweiss", "id": "emzrh3TrwZk", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as upcoming spin-offs such as EAA and other subsidiaries could be worth more individually than the company’s current total valuation; he plans to hold the shares for the long term", "sort_date": "2025-12-31", "company": "Edelweiss Alternative Asset Advisors (EAA)", "market": "India", "type": "bullish", "quote": "expectation market cap of EA between 1 and 2 billion when trading", "context": "Expects the EAA spin-off to reach a valuation of 1 to 2 billion, which is almost equal to the value of the entire parent company", "confidence": 90}, {"video_title": "Mohnish Pabrai on Edelweiss", "id": "emzrh3TrwZk", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as upcoming spin-offs such as EAA and other subsidiaries could be worth more individually than the company’s current total valuation; he plans to hold the shares for the long term", "sort_date": "2025-12-31", "company": null, "market": "India", "type": "bullish", "quote": "next five to seven subsidiaries could be 500 to 1.5 billion market caps", "context": "Expect 5–7 more spin-offs from Edelweiss over the next 5–6 years, each with a valuation of $500 million to $1.5 billion", "confidence": 88}, {"video_title": "Mohnish Pabrai on Edelweiss", "id": "emzrh3TrwZk", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai holds shares in Edelweiss and believes the company is significantly undervalued, as upcoming spin-offs such as EAA and other subsidiaries could be worth more individually than the company’s current total valuation; he plans to hold the shares for the long term", "sort_date": "2025-12-31", "company": "Nubama", "market": "India", "type": "owns", "quote": "Nubama now has multi-billion market cap, we like these businesses", "context": "Cites Nubama, a successful former Edelweiss spin-off with a multibillion-dollar valuation, as an example of the potential for value creation", "confidence": 85}, {"video_title": "“This is Why I Don’t Buy Large Cap Stocks” - Mohnish Pabrai | Investment", "id": "PJbMpbqJ9u8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he doesn't buy large-cap stocks like GE or Fortune 500 companies and instead looks for distressed opportunities in overlooked markets like Qatar", "sort_date": "2025-12-31", "company": null, "market": "Qatar", "type": "watching", "quote": "higher probability of finding value there than in GE", "context": "Qatar is currently in the news due to financial distress; Pabrai sees a higher probability of value there than in large-cap stocks", "confidence": 75}, {"video_title": "Why Patient Investors Always Win! | Mohnish Pabrai | Stocks | Investment", "id": "6JDbUeiI_6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes that extreme patience is the key to success in investing and explains his value-investing approach using the example of Japanese markets, where he invested despite structural problems because of attractive valuations", "sort_date": "2025-12-29", "company": null, "market": "Japan", "type": "bullish", "quote": "I was interested in looking at Japan because cheapness gets over a lot of negatives", "context": "Pabrai viewed Japan as an attractive investment due to low valuations, despite governance issues and the tendency of Japanese companies to hoard cash", "confidence": 75}, {"video_title": "Why Patient Investors Always Win! | Mohnish Pabrai | Stocks | Investment", "id": "6JDbUeiI_6Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes that extreme patience is the key to success in investing and explains his value-investing approach using the example of Japanese markets, where he invested despite structural problems because of attractive valuations", "sort_date": "2025-12-29", "company": null, "market": "Japan", "type": "watching", "quote": "Japanese companies have governance issues, they sit on cash, but cheapness gets over negatives", "context": "He systematically analyzed Japanese stocks, explicitly mentioning a company he had flagged in Warren's book and found via Capital IQ", "confidence": 70}, {"video_title": "How to Pick Stocks that will Compound for Long-Term | Mohnish Pabrai | Investment", "id": "FnPtQ-fgovw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his stock-picking philosophy: focusing on the circle of competence, assessing whether the business is improving rather than selling when valuations are high, and citing Amazon and Walmart as examples of long-term holdings", "sort_date": "2025-12-28", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "is the business getting better? Absolutely. It's getting better by the day", "context": "Pabrai uses Amazon as an example of a great business that you should hold onto, even if it makes up 95% of your portfolio", "confidence": 75}, {"video_title": "How to Pick Stocks that will Compound for Long-Term | Mohnish Pabrai | Investment", "id": "FnPtQ-fgovw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his stock-picking philosophy: focusing on the circle of competence, assessing whether the business is improving rather than selling when valuations are high, and citing Amazon and Walmart as examples of long-term holdings", "sort_date": "2025-12-28", "company": "Snowflake", "market": "USA", "type": "bearish", "quote": "this thing is trading at 80 times sales or something", "context": "Pabrai cites Snowflake as an example of a stock that is completely overvalued and should be sold", "confidence": 70}, {"video_title": "How to Pick Stocks that will Compound for Long-Term | Mohnish Pabrai | Investment", "id": "FnPtQ-fgovw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his stock-picking philosophy: focusing on the circle of competence, assessing whether the business is improving rather than selling when valuations are high, and citing Amazon and Walmart as examples of long-term holdings", "sort_date": "2025-12-28", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "the Walton family hasn't done that for 51 years", "context": "Pabrai cites the Walton family as a positive example of long-term holding without taking profits", "confidence": 60}, {"video_title": "How to Pick Stocks that will Compound for Long-Term | Mohnish Pabrai | Investment", "id": "FnPtQ-fgovw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his stock-picking philosophy: focusing on the circle of competence, assessing whether the business is improving rather than selling when valuations are high, and citing Amazon and Walmart as examples of long-term holdings", "sort_date": "2025-12-28", "company": "Apple", "market": "USA", "type": "unknown", "quote": "do I understand Apple really well", "context": "Pabrai mentions Apple only as a hypothetical example of the \"circle of competence\"; it is not a specific investment recommendation", "confidence": 30}, {"video_title": ""Don't Make This Mistake in 2026" - Mohnish Pabrai | Stocks | Investment", "id": "Yum61fJezoc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his biggest investment mistakes, particularly the $50–60 million loss he incurred with Delta Financial in 2007–2008, and why leverage was his biggest problem", "sort_date": "2025-12-27", "company": null, "market": "USA", "type": "bearish", "quote": "we're not going to be doing any mortgage companies in the near future", "context": "Following his losses with Delta Financial, Pabrai has completely avoided mortgage companies and has not bought any since 2007/2008", "confidence": 98}, {"video_title": ""Don't Make This Mistake in 2026" - Mohnish Pabrai | Stocks | Investment", "id": "Yum61fJezoc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his biggest investment mistakes, particularly the $50–60 million loss he incurred with Delta Financial in 2007–2008, and why leverage was his biggest problem", "sort_date": "2025-12-27", "company": "Delta Financial", "market": "USA", "type": "sold", "quote": "They went back and we had a pretty significant loss", "context": "Pabrai lost $50 million to $60 million with Delta Financial during the 2007–2008 financial crisis; the company went bankrupt due to problems with warehouse credit lines", "confidence": 95}, {"video_title": "How Mohnish Pabrai Evolved From Value to Compounders | Stocks | Investment", "id": "wvVlVsHx-vA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from traditional value investing to long-term compounding stocks with growth potential, inspired by Nick Sleep.", "sort_date": "2025-12-27", "company": null, "market": "Unknown", "type": "bullish", "quote": "focus more on long-term compounders and businesses that can grow and scale over time", "context": "Pabrai has changed his strategy—moving away from undervalued assets toward long-term compounding investments with growth potential", "confidence": 95}, {"video_title": ""Don't Make This Mistake in 2026" - Mohnish Pabrai | Stocks | Investment", "id": "Yum61fJezoc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his biggest investment mistakes, particularly the $50–60 million loss he incurred with Delta Financial in 2007–2008, and why leverage was his biggest problem", "sort_date": "2025-12-27", "company": null, "market": "global", "type": "watching", "quote": "we do have businesses in our portfolio currently which have significant debt", "context": "Pabrai currently holds companies with significant debt in his portfolio, but has put a lot of effort into ensuring that the debt is \"ring-fenced\"", "confidence": 92}, {"video_title": "How Mohnish Pabrai Evolved From Value to Compounders | Stocks | Investment", "id": "wvVlVsHx-vA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from traditional value investing to long-term compounding stocks with growth potential, inspired by Nick Sleep.", "sort_date": "2025-12-27", "company": null, "market": "Unknown", "type": "bullish", "quote": "focus changes to growing pies instead of just buying discounted pies", "context": "A shift in strategy from low-cost but static investments to high-growth companies, even if they are more expensive", "confidence": 92}, {"video_title": "How Mohnish Pabrai Evolved From Value to Compounders | Stocks | Investment", "id": "wvVlVsHx-vA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategic shift from traditional value investing to long-term compounding stocks with growth potential, inspired by Nick Sleep.", "sort_date": "2025-12-27", "company": null, "market": "Unknown", "type": "unknown", "quote": "made a significant change last year in the way I run the funds", "context": "He has fundamentally changed his investment philosophy, inspired by Nick Sleep's Nomad Investment Partnership approach", "confidence": 90}, {"video_title": "Mohnish Pabrai: Investing Wisdom, Buffett Lessons & the Power of Patience #mohnishpabrai #money ", "id": "Jc6aiPgxGEY", "channel": "BookMyAds", "source_url": "", "published_at": "2025-12-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the dangers of leverage using a historical account of Buffett's purchase of Berkshire and emphasizes the importance of investing without debt", "sort_date": "2025-12-27", "company": "Berkshire Hathaway", "market": "USA", "type": "unknown", "quote": "Warren bought Rick's Berkshire stock at $20 a share", "context": "Pabrai tells a story about Buffett's purchase of Berkshire shares during the 1973–74 market crisis, when Rick Guerin received margin calls", "confidence": 45}, {"video_title": "Mohnish Pabrai’s 2 Golden Investing Rules for 2026 | Stocks | Investment", "id": "txOxkAGpqK0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai offers general investment advice on concentration and time horizons, citing Apple as the only negative example with no current investment potential", "sort_date": "2025-12-26", "company": "Apple", "market": "Unknown", "type": "bearish", "quote": "I can already tell you that rabbit hole just doesn't have much meat on that bone", "context": "Pabrai says Apple used to have potential, but not anymore—he wouldn't invest in it", "confidence": 88}, {"video_title": "Why Mohnish Pabrai Moved Beyond Value Investing | Stocks | Investment | Compounding", "id": "aUvkX4UF0ec", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift from traditional value investing (buying stocks for 50 cents) to a focus on high-quality companies with long-term growth potential, illustrated by examples from Berkshire Hathaway such as Geico.", "sort_date": "2025-12-24", "company": "Geico", "market": "USA", "type": "bullish", "quote": "Geico's got the ultimate long runway, approaching 10% market share", "context": "Pabrai discusses Buffett's favorite at Berkshire and why Geico has a long-term growth model with significant upside potential", "confidence": 75}, {"video_title": "Why Mohnish Pabrai Moved Beyond Value Investing | Stocks | Investment | Compounding", "id": "aUvkX4UF0ec", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift from traditional value investing (buying stocks for 50 cents) to a focus on high-quality companies with long-term growth potential, illustrated by examples from Berkshire Hathaway such as Geico.", "sort_date": "2025-12-24", "company": "See's Candies", "market": "USA", "type": "bullish", "quote": "Seas Candy was actually a 25 cent dollar bill or less", "context": "He uses See's Candies as an example of extreme undervaluation that wasn't obvious", "confidence": 72}, {"video_title": "Why Mohnish Pabrai Moved Beyond Value Investing | Stocks | Investment | Compounding", "id": "aUvkX4UF0ec", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift from traditional value investing (buying stocks for 50 cents) to a focus on high-quality companies with long-term growth potential, illustrated by examples from Berkshire Hathaway such as Geico.", "sort_date": "2025-12-24", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "Coke in the late 80s also was a great bet", "context": "He uses Coca-Cola as a historical example of non-obvious value investments with a long runway", "confidence": 70}, {"video_title": "How to Invest in Stocks for Beginners (Mohnish Pabrai’s Simple Guide)", "id": "aD4egNztZhg", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment process: quickly rejecting ideas, seeking only 2–3 investments per year, maintaining a concentrated portfolio without using DCF, and mentions his successful 10x return on Fiat Chrysler since 2012.", "sort_date": "2025-12-19", "company": "Fiat Chrysler", "market": "USA", "type": "bought", "quote": "when we made the investment in FE at Chrysler in 2012", "context": "In 2012, Pabrai bought Fiat Chrysler after three months of due diligence, despite his aversion to the industry, believing it to be significantly undervalued at a market cap of $5 billion", "confidence": 95}, {"video_title": "How to Invest in Stocks for Beginners (Mohnish Pabrai’s Simple Guide)", "id": "aD4egNztZhg", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment process: quickly rejecting ideas, seeking only 2–3 investments per year, maintaining a concentrated portfolio without using DCF, and mentions his successful 10x return on Fiat Chrysler since 2012.", "sort_date": "2025-12-19", "company": "Fiat Chrysler", "market": "USA", "type": "bullish", "quote": "it's been an AEX since then", "context": "Fiat Chrysler has increased tenfold since its acquisition in 2012 (10x return)", "confidence": 90}, {"video_title": "How to Invest in Stocks for Beginners (Mohnish Pabrai’s Simple Guide)", "id": "aD4egNztZhg", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment process: quickly rejecting ideas, seeking only 2–3 investments per year, maintaining a concentrated portfolio without using DCF, and mentions his successful 10x return on Fiat Chrysler since 2012.", "sort_date": "2025-12-19", "company": "Fiat Chrysler", "market": "USA", "type": "bullish", "quote": "market cap was 5 billion thought they'd make 5 billion a year", "context": "In 2012, the company had a market capitalization of $5 billion; Pabrai expected annual profits of $5 billion within 5 to 6 years", "confidence": 88}, {"video_title": "How to Beat the Market Easily 📈 | Mohnish Pabrai on Copying Warren Buffett #warrenbuffett #ytshorts", "id": "-veGXf-sH-s", "channel": "TheTenaciousGoal", "source_url": "", "published_at": "2025-12-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes a simple strategy that involves copying Warren Buffett's publicly disclosed transactions to outperform the S&P 500 by 11.5% per year over a 30-year period", "sort_date": "2025-12-17", "company": null, "market": "US", "type": "bullish", "quote": "copying Buffett's buys publicly known beats S&P by 11.5% annually", "context": "Pabrai explains a strategy for significantly outperforming the market simply by copying Buffett's publicly known buys and sells", "confidence": 95}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "Apple", "market": "USA", "type": "bearish", "quote": "I find Apple somewhat risky as an investment", "context": "Pabrai views Apple as a risky investment because innovation has been lacking since Steve Jobs’s departure and there is a form factor risk associated with smartphones", "confidence": 92}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "IKEA", "market": "Global", "type": "bullish", "quote": "he never ever took debt... it's on a rock solid balance sheet", "context": "Pabrai praises IKEA's founding principles—zero debt, continuous innovation, and a 500-year perspective", "confidence": 85}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "Costco", "market": "USA", "type": "bullish", "quote": "the business model of Costco... Bill Gates describing how it's illegal because membership locks consumers in", "context": "Pabrai speaks highly of Costco's membership model—Gates called it 'illegal' because it is so effective at retaining customers", "confidence": 78}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "that prime thing with Amazon is super smart", "context": "He praises Amazon's Prime membership model as clever because it builds customer loyalty—much like Costco", "confidence": 75}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "Visa", "market": "USA", "type": "bullish", "quote": "someone starts Visa it becomes a moat company", "context": "He cites Visa as an example of a company that has built a lasting moat", "confidence": 70}, {"video_title": "The SIMPLE Way To Make Money WITHOUT Any Risk", "id": "RxNotRLKTJw", "channel": "The Diary Of A CEO Clips", "source_url": "", "published_at": "2025-12-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dando philosophy of low-risk investing, is bearish on Apple due to a lack of innovation, praises Costco and Amazon’s membership models, and IKEA’s debt-free strategy", "sort_date": "2025-12-15", "company": "American Express", "market": "USA", "type": "bullish", "quote": "American Express... it perseveres and scales", "context": "Cites Amex and Visa as examples of companies with a competitive moat that have stood the test of time", "confidence": 68}, {"video_title": "Mohnish Pabrai on Auction-Driven Markets", "id": "dmYcf12sBpQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he loves public markets: Irrationality leads to mispricing in bankruptcies and unpopular companies, and he patiently waits for these opportunities", "sort_date": "2025-12-11", "company": null, "market": "US", "type": "watching", "quote": "if I can make two good investments it's a good year", "context": "He describes his strategy: patiently waiting for mispricing; two good investments a year are enough", "confidence": 80}, {"video_title": "Mohnish Pabrai on Auction-Driven Markets", "id": "dmYcf12sBpQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he loves public markets: Irrationality leads to mispricing in bankruptcies and unpopular companies, and he patiently waits for these opportunities", "sort_date": "2025-12-11", "company": null, "market": "US", "type": "bullish", "quote": "companies emerging from bankruptcy get mispriced", "context": "Pabrai explains that companies emerging from bankruptcy are often mispriced and present investment opportunities", "confidence": 75}, {"video_title": "Pabrai’s 5-Step Formula for Superior Investing | Mohnish Pabrai | Stocks | Investment", "id": "MIX2gwubyP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, which emphasizes patience and a comfort with uncertainty; he avoids certain markets, such as Russia and Venezuela, and currently considers coal investments attractive despite the high level of uncertainty.", "sort_date": "2025-12-10", "company": null, "market": "Russia", "type": "bearish", "quote": "I don't want to go to Russia", "context": "Pabrai is avoiding Russia due to concerns about property rights and capital flows", "confidence": 95}, {"video_title": "Pabrai’s 5-Step Formula for Superior Investing | Mohnish Pabrai | Stocks | Investment", "id": "MIX2gwubyP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, which emphasizes patience and a comfort with uncertainty; he avoids certain markets, such as Russia and Venezuela, and currently considers coal investments attractive despite the high level of uncertainty.", "sort_date": "2025-12-10", "company": null, "market": "Venezuela", "type": "bearish", "quote": "I don't want to go to Venezuela", "context": "Pabrai is avoiding Venezuela due to fundamental concerns about property rights and investor capital", "confidence": 95}, {"video_title": "Pabrai’s 5-Step Formula for Superior Investing | Mohnish Pabrai | Stocks | Investment", "id": "MIX2gwubyP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, which emphasizes patience and a comfort with uncertainty; he avoids certain markets, such as Russia and Venezuela, and currently considers coal investments attractive despite the high level of uncertainty.", "sort_date": "2025-12-10", "company": null, "market": "Zimbabwe", "type": "bearish", "quote": "I don't want to go to Zimbabwe", "context": "Pabrai is avoiding Zimbabwe due to a lack of respect for property rights and capital flows", "confidence": 95}, {"video_title": "Pabrai’s 5-Step Formula for Superior Investing | Mohnish Pabrai | Stocks | Investment", "id": "MIX2gwubyP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, which emphasizes patience and a comfort with uncertainty; he avoids certain markets, such as Russia and Venezuela, and currently considers coal investments attractive despite the high level of uncertainty.", "sort_date": "2025-12-10", "company": null, "market": "Coal sector", "type": "bullish", "quote": "coal business risk is low uncertainty is high patience is key", "context": "Pabrai views coal investments as low-risk but highly uncertain, which can lead to substantial returns if one is patient", "confidence": 90}, {"video_title": "Pabrai’s 5-Step Formula for Superior Investing | Mohnish Pabrai | Stocks | Investment", "id": "MIX2gwubyP0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, which emphasizes patience and a comfort with uncertainty; he avoids certain markets, such as Russia and Venezuela, and currently considers coal investments attractive despite the high level of uncertainty.", "sort_date": "2025-12-10", "company": null, "market": "Coal sector", "type": "owns", "quote": "went into the mines of the different coal companies", "context": "Pabrai has visited several coal companies and appears to have invested in them; he sees low risk amid high uncertainty", "confidence": 85}, {"video_title": "“Avoid this HUGE Beginner Mistake” - Mohnish Pabrai | Multibagger | Stocks | Investment", "id": "K003_rO0Ago", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his biggest mistake: selling Kotak, Blue Dart, and Amazon too early—today he holds compounders like Google and emphasizes that the criteria for selling are different from those for buying.", "sort_date": "2025-12-07", "company": "Kotak Mahindra Bank", "market": "India", "type": "sold", "quote": "I used to own Kotak Mahindra Bank in 94. Sold it.", "context": "Pabrai owned Kotak Mahindra Bank starting in 1994, but sold it after about five years with a return of just 30%, even though it later became a 150-bagger", "confidence": 95}, {"video_title": "“Avoid this HUGE Beginner Mistake” - Mohnish Pabrai | Multibagger | Stocks | Investment", "id": "K003_rO0Ago", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his biggest mistake: selling Kotak, Blue Dart, and Amazon too early—today he holds compounders like Google and emphasizes that the criteria for selling are different from those for buying.", "sort_date": "2025-12-07", "company": "Amazon", "market": "USA", "type": "sold", "quote": "I owned Amazon in 2002 at $10 a share, got 40% in a few months and I was out.", "context": "In 2002, Pabrai held Amazon at $10, which made up 10% of his portfolio; he sold it a few months later for a 40% profit", "confidence": 95}, {"video_title": "“Avoid this HUGE Beginner Mistake” - Mohnish Pabrai | Multibagger | Stocks | Investment", "id": "K003_rO0Ago", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his biggest mistake: selling Kotak, Blue Dart, and Amazon too early—today he holds compounders like Google and emphasizes that the criteria for selling are different from those for buying.", "sort_date": "2025-12-07", "company": "Google", "market": "USA", "type": "owns", "quote": "I was able to get to where Google was just at the edge of making it so we made it.", "context": "Pabrai was able to acquire Google at a reasonable price and views it as a compounder with exceptional management and a moat", "confidence": 85}, {"video_title": "“Avoid this HUGE Beginner Mistake” - Mohnish Pabrai | Multibagger | Stocks | Investment", "id": "K003_rO0Ago", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his biggest mistake: selling Kotak, Blue Dart, and Amazon too early—today he holds compounders like Google and emphasizes that the criteria for selling are different from those for buying.", "sort_date": "2025-12-07", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "Blue Dart. There's 200 baggers I did capture.", "context": "Pabrai mentions Blue Dart as another 200-bagger he sold too early", "confidence": 75}, {"video_title": "“Avoid this HUGE Beginner Mistake” - Mohnish Pabrai | Multibagger | Stocks | Investment", "id": "K003_rO0Ago", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his biggest mistake: selling Kotak, Blue Dart, and Amazon too early—today he holds compounders like Google and emphasizes that the criteria for selling are different from those for buying.", "sort_date": "2025-12-07", "company": null, "market": "India", "type": "bullish", "quote": "I met some folks in India, price was below liquidation value, phenomenal operator, tailwinds.", "context": "In India, Pabrai came across companies with exceptional management teams, favorable market conditions, and stock prices below their liquidation value", "confidence": 70}, {"video_title": "How to Micron Became a Multibagger in Rapidly Changing Industries | Mohnish Pabrai | Stocks", "id": "SC2vVcQuko0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that Micron Technology is his largest holding because the memory industry has evolved from a boom-and-bust cycle into a rational oligopoly with three major players", "sort_date": "2025-12-05", "company": "Micron Technology", "market": "USA", "type": "owns", "quote": "the largest position we have is Micron Technology", "context": "Pabrai explains that Micron is his largest holding and that he believes the memory business is undergoing a structural shift—from many players to three rational players", "confidence": 95}, {"video_title": "How to Micron Became a Multibagger in Rapidly Changing Industries | Mohnish Pabrai | Stocks", "id": "SC2vVcQuko0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that Micron Technology is his largest holding because the memory industry has evolved from a boom-and-bust cycle into a rational oligopoly with three major players", "sort_date": "2025-12-05", "company": "Micron Technology", "market": "USA", "type": "bullish", "quote": "my thesis was it's completely different... I like the upside down side scenario", "context": "Pabrai is bullish because the memory industry has undergone a fundamental shift—there are now only three rational players instead of many, and memory accounts for 30% of data center costs", "confidence": 90}, {"video_title": "How to Micron Became a Multibagger in Rapidly Changing Industries | Mohnish Pabrai | Stocks", "id": "SC2vVcQuko0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that Micron Technology is his largest holding because the memory industry has evolved from a boom-and-bust cycle into a rational oligopoly with three major players", "sort_date": "2025-12-05", "company": "Amazon", "market": "USA", "type": "watching", "quote": "if you look at a Amazon data center... 30% is going to the memory guys", "context": "Pabrai uses Amazon as an example to show that memory manufacturers like Micron account for 30% of data center costs—a kind of tax on the cloud business", "confidence": 75}, {"video_title": "“Potential Multibagger Stocks NEVER Come Cheap!” - Mohnish Pabrai | Investment ", "id": "-Hjn_RUZUUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his two biggest mistakes: not being willing to pay a premium for great companies and selling too early, illustrating this with the example of his Ferrari investment, which he sold far too soon.", "sort_date": "2025-12-04", "company": "Ferrari", "market": "USA", "type": "sold", "quote": "I sold some Ferrari at 60 and 100 and maybe 130", "context": "Pabrai sold his Ferrari shares too early at various prices, even though they later rose to $270", "confidence": 98}, {"video_title": "“Potential Multibagger Stocks NEVER Come Cheap!” - Mohnish Pabrai | Investment ", "id": "-Hjn_RUZUUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his two biggest mistakes: not being willing to pay a premium for great companies and selling too early, illustrating this with the example of his Ferrari investment, which he sold far too soon.", "sort_date": "2025-12-04", "company": "Fiat Chrysler", "market": "USA", "type": "sold", "quote": "made the Fiat Chrysler investment", "context": "In 2012, Pabrai invested in Fiat Chrysler, which at the time owned 90% of Ferrari", "confidence": 95}, {"video_title": "“Potential Multibagger Stocks NEVER Come Cheap!” - Mohnish Pabrai | Investment ", "id": "-Hjn_RUZUUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his two biggest mistakes: not being willing to pay a premium for great companies and selling too early, illustrating this with the example of his Ferrari investment, which he sold far too soon.", "sort_date": "2025-12-04", "company": "Ferrari", "market": "USA", "type": "bullish", "quote": "Ferrari is a business that can earn whatever it wants", "context": "After the sale, Pabrai realized that Ferrari is an exceptional business that has never spent a dime on advertising in over 70 years", "confidence": 95}, {"video_title": "🔥NUNCA USES EXCEL para invertir🔥 Mohnish Pabrai en español.", "id": "JM2Szcz32yY", "channel": "Financial Master", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment approach: don’t use Excel spreadsheets, accept uncertainty, and focus on 3–5 key metrics that management uses, rather than creating precise cash flow forecasts", "sort_date": "2025-12-04", "company": "Google", "market": "USA", "type": "watching", "quote": "If you could set a minimum threshold for those cash flows, that could give you a basis for investing", "context": "Pabrai explains his approach to analyzing Google by using minimum cash flows instead of precise forecasts", "confidence": 65}, {"video_title": "🔥NUNCA USES EXCEL para invertir🔥 Mohnish Pabrai en español.", "id": "JM2Szcz32yY", "channel": "Financial Master", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment approach: don’t use Excel spreadsheets, accept uncertainty, and focus on 3–5 key metrics that management uses, rather than creating precise cash flow forecasts", "sort_date": "2025-12-04", "company": "Microsoft", "market": "USA", "type": "watching", "quote": "If you're going to invest in Microsoft and can access the same data points that Adela already has", "context": "Pabrai uses Microsoft as an example of how one should focus on the same variables as management", "confidence": 60}, {"video_title": "Mohnish Pabrai Explains How to Pick Winning Stocks for 2026", "id": "6blrKtqcHig", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of focused investing in a few well-understood sectors, illustrated by examples from Arrillaga, Rakesh Jhunjhunwala/Titan, and concentrated portfolios", "sort_date": "2025-12-04", "company": "Titan", "market": "India", "type": "bullish", "quote": "Titan... multi-billion dollar position... He loved the Tatas... great result", "context": "Pabrai cites Rakesh Jhunjhunwala's 25-plus-year holding in Titan as an example of patient investing", "confidence": 55}, {"video_title": "🔥NUNCA USES EXCEL para invertir🔥 Mohnish Pabrai en español.", "id": "JM2Szcz32yY", "channel": "Financial Master", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment approach: don’t use Excel spreadsheets, accept uncertainty, and focus on 3–5 key metrics that management uses, rather than creating precise cash flow forecasts", "sort_date": "2025-12-04", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "when you look at a company like Google, Microsoft, or Berchasir", "context": "Pabrai cites Berkshire as an example of a company that can be understood through 3–5 key variables", "confidence": 55}, {"video_title": "Mohnish Pabrai Explains How to Pick Winning Stocks for 2026", "id": "6blrKtqcHig", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of focused investing in a few well-understood sectors, illustrated by examples from Arrillaga, Rakesh Jhunjhunwala/Titan, and concentrated portfolios", "sort_date": "2025-12-04", "company": "Frontline", "market": "USA", "type": "watching", "quote": "if I'm looking at front line, I should learn everything I can about shipping", "context": "Pabrai uses Frontline as an example of in-depth research in a narrow area of expertise (tankers/shipping)", "confidence": 45}, {"video_title": "“Potential Multibagger Stocks NEVER Come Cheap!” - Mohnish Pabrai | Investment ", "id": "-Hjn_RUZUUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his two biggest mistakes: not being willing to pay a premium for great companies and selling too early, illustrating this with the example of his Ferrari investment, which he sold far too soon.", "sort_date": "2025-12-04", "company": "Persistent Systems", "market": "India", "type": "watching", "quote": "Persistent system has grown revenue at 28% CAGR", "context": "Cited as an example of fast-growing companies that are valued more highly", "confidence": 45}, {"video_title": "Mohnish Pabrai Explains How to Pick Winning Stocks for 2026", "id": "6blrKtqcHig", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of focused investing in a few well-understood sectors, illustrated by examples from Arrillaga, Rakesh Jhunjhunwala/Titan, and concentrated portfolios", "sort_date": "2025-12-04", "company": null, "market": "USA", "type": "bullish", "quote": "real estate within two miles of Stanford campus... most prime real estate", "context": "Pabrai highlights John Arrillaga's focused strategy on real estate near Stanford as a model for a narrow scope of expertise", "confidence": 40}, {"video_title": "“Potential Multibagger Stocks NEVER Come Cheap!” - Mohnish Pabrai | Investment ", "id": "-Hjn_RUZUUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai reflects on his two biggest mistakes: not being willing to pay a premium for great companies and selling too early, illustrating this with the example of his Ferrari investment, which he sold far too soon.", "sort_date": "2025-12-04", "company": "Go Forge", "market": "India", "type": "watching", "quote": "Go Forge at 24% CAGR over the last 5 years", "context": "Cited as an example of a growth company whose premium valuation is justified", "confidence": 40}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Edelweiss Financial Services", "market": "India", "type": "owns", "quote": "our largest position which is Edelweiss financial services in India", "context": "Edelweiss is the largest holding in the Wagons Fund; Pabrai sees massive upside potential from upcoming IPOs of subsidiaries", "confidence": 98}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Edelweiss Financial Services", "market": "India", "type": "bullish", "quote": "ridiculously undervalued... intent to hang on to these businesses as long as valuations don't get egregious", "context": "Plans 5–7 additional IPOs of subsidiaries over the next 5–6 years, each of which could be worth between $500 million and $1.5 billion", "confidence": 97}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "warrior has much better mines than Alpha... number three position", "context": "One of the lowest-cost producers of metallurgical coal, accounting for approximately 13–15% of the fund’s portfolio, with better mines than Alpha", "confidence": 97}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "we've been shareholders for more than six years... value creation at RAS is truly exceptional", "context": "Family-owned, Pabrai Funds have a large position, no governance issues, and exceptional value creation", "confidence": 96}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Alpha Metallurgical Resources", "market": "USA", "type": "owns", "quote": "AMR does not issue dividend and is singularly focused on buybacks", "context": "Low-cost producer of metallurgical coal, fully focused on share buybacks, with significant cash flow potential if coal prices rise", "confidence": 96}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Reysas", "market": "Turkey", "type": "bought", "quote": "closed on transaction earlier this week... $47 million for warehouse land", "context": "Won auction for large plot of land for warehouses in Istanbul; already has 4 interested parties; construction to be financed with $200–250 million in debt and equity", "confidence": 96}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Edelweiss Alternative Asset Advisors (EAA)", "market": "India", "type": "bullish", "quote": "EA is a fantastic business... expectation is market cap may be between 1 and 2 billion", "context": "The IPO of the wholly owned subsidiary EAA is planned for April 2026 and could be worth 1–2 billion, while the parent company has a market cap of only 1.1 billion", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "TAV Airport", "market": "Turkey", "type": "owns", "quote": "Tab Airports... we really have no concerns on governance or management", "context": "44% owned by ADP Paris, exceptional management and board, no governance concerns, benefits from currency depreciation", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "GMAT", "market": "Turkey", "type": "owns", "quote": "Pabrai funds... collectively own now more than 20% of GMAT. We are largest shareholder", "context": "Turkish Costco, with 2 stores, launched by 1,000 wholesalers, has been a huge success; Pabrai is the largest shareholder with over 20%, and there are plans for 80+ stores", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Edelweiss Financial Services", "market": "India", "type": "owns", "quote": "our largest position which is Edelweiss financial services in India", "context": "Edelweiss is the largest holding in the portfolio, with several subsidiaries planning IPOs", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Edelweiss Financial Services", "market": "India", "type": "owns", "quote": "our largest position which is Edelweiss financial services in India", "context": "Largest position in the portfolio; expects massive increase in value following the IPO of subsidiary EAA in April 2026", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Transocean", "market": "USA", "type": "owns", "quote": "Trans Ocean... 2025 almost no white space... 2026 would generate around 500 million free cash flow", "context": "Offshore driller, virtually no idle ships; even without new contracts, $500 million in free cash flow in 2026; better ships and crew than the competition", "confidence": 94}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Edelweiss Financial Services", "market": "India", "type": "bullish", "quote": "ridiculously undervalued business, intent to hang on to these businesses", "context": "Plans another 5–7 IPOs for subsidiaries in the coming years, each with a valuation of $500 million to $1.5 billion", "confidence": 94}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "Warrior has much better mines than Alpha, number three position", "context": "One of the lowest cost structures at Met Coal, 13–15% stake, Blue Creek Mine is already in operation", "confidence": 94}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Mongolian Mining Corporation", "market": "Mongolia", "type": "owns", "quote": "one of our holdings is Mongolian mining corporation... phenomenal reserves", "context": "Met coal producer, phenomenal open-pit reserves but costly transportation; Pabrai visited the mines in 2024", "confidence": 93}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Warrior Met Coal", "market": "USA", "type": "owns", "quote": "amongst the lowest cost metal producers, number three position", "context": "13–15% of the portfolio, produces premium metallurgical coal at very low costs", "confidence": 93}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "collectively we have a large stake, we've been shareholders for more than 6 years", "context": "Family-owned warehouse business, exceptional value creation, keine Governance-Sorgen, Inflation-protected leases", "confidence": 93}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Edelweiss Asset Management (EA)", "market": "India", "type": "bullish", "quote": "EA is a fantastic business, expectation market cap between 1 and 2 billion", "context": "IPO planned for April 2026; alternative fund management company similar to Blackstone/Brookfield", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Alpha Metallurgical Resources (AMR)", "market": "USA", "type": "owns", "quote": "AMR does not issue a dividend, very focused singularly on buybacks", "context": "Metal carbon producer with an aggressive share buyback program and the lowest costs in the industry", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "we think the leadership is exceptional, we think the board is exceptional", "context": "44% owned by ADP Paris, no governance concerns, revenue in euros provides protection against currency risk", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Alpha Metallurgical Resources", "market": "USA", "type": "owns", "quote": "AMR does not issue dividend, singularly focused on buybacks, they are completely bought in", "context": "Low-cost coal producer focused on share buybacks rather than dividends", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "we have a large stake, been shareholders for more than 6 years", "context": "Family-owned business with inflation-adjusted rental income, no governance concerns", "confidence": 91}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Transocean", "market": "USA", "type": "owns", "quote": "almost no white space in 2025, generating around 500 million free cash flow 2026", "context": "Offshore drilling company with a fully booked fleet, having recently raised $1 billion", "confidence": 91}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Penske Automotive", "market": "USA", "type": "watching", "quote": "highest quality business in car dealership... trading at 50-70% premium... decided riskreward basis others were better", "context": "Top quality but too expensive at 18x vs. the competition’s 8x cash flow; not purchased despite extensive due diligence", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "TAV Airport", "market": "Turkey", "type": "owns", "quote": "44% owned by ADP Airport Paris, no concerns on governance", "context": "Generates most of its revenue in euros, benefits from currency devaluations, held for the long term", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "EAA (Edelweiss Alternative Assets)", "market": "India", "type": "bullish", "quote": "expectation is market cap may be somewhere between 1 and 2 billion", "context": "Daughter of Edelweiss, IPO planned for April 2026, compares it to Blackstone/Brookfield, holds for the long term", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Transocean", "market": "USA", "type": "owns", "quote": "In 2025 they have almost no white space, would be generating around 500 million free cash flow", "context": "Offshore Driller, preferred due to fewer idle ships compared to Noble/Valaris, despite higher debt", "confidence": 90}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": null, "market": "United States", "type": "bought", "quote": "two funeral services companies sitting at a P of two, I made the investment and it worked really well", "context": "Twenty years ago, Pabrai bought two funeral service companies with a P/E ratio of 2; the investment was successful", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Reysas", "market": "Turkey", "type": "bullish", "quote": "just closed on 47 million land for warehouses, already have four companies interested", "context": "New large-scale warehouse development in Istanbul—not speculative, but with tenants in place", "confidence": 89}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Reysas Deutschland", "market": "Germany", "type": "bullish", "quote": "recently entered Germany... building 39 apartments... double investment in 12-18 months", "context": "First real estate investment outside Turkey, a small investment under 4 million euros; plans to rent it out rather than sell, entering the German market", "confidence": 88}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Mongolian Mining Corporation", "market": "Mongolia", "type": "owns", "quote": "those reserves are phenomenal reserves, actually surface mined reserves", "context": "Site visit in 2024; rare surface mines for metallurgical coal, but high transportation costs", "confidence": 88}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Penske Automotive", "market": "USA", "type": "sold", "quote": "we decided that risk-reward basis some of the other players were better investments", "context": "Top-quality car dealer, but 50–70% more expensive than others, so we did not purchase it despite extensive due diligence", "confidence": 88}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "GMAT", "market": "Turkey", "type": "owns", "quote": "collectively own now more than 20% of GMAT, largest shareholder", "context": "A Turkish Costco-style chain with two stores, founded by 1,000 wholesalers, with plans to expand to more than 80 stores", "confidence": 87}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": null, "market": "USA", "type": "bullish", "quote": "met coal supply versus demand situation is very favorable, good probabilistic bet", "context": "Bullish on premium metallurgical coal in general; sees supply as inelastic", "confidence": 87}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": null, "market": "India", "type": "bullish", "quote": "India has a lot of tailwinds in financial services for quite a while", "context": "Generally bullish on the Indian financial services sector for long-term holdings", "confidence": 86}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Natural Resource Partners (NRP)", "market": "USA", "type": "watching", "quote": "we looked at NRP in some detail and decided to take a pass", "context": "The MLP structure results in tax disadvantages at the fund level; it has less control than direct mine owners and is required to distribute dividends", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Asbury Automotive", "market": "USA", "type": "owns", "quote": "visited Asbury, Group One, Lithia, Auto Nation... some other players were better investments", "context": "Car Dealer: More attractively valued than Penske while still offering good quality; currently held in the portfolio", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": null, "market": "USA", "type": "bullish", "quote": "supply versus demand situation is very favorable on metal, good probabilistic bet", "context": "Total metallurgical coal: limited high-quality reserves, 5–10 years until new mines come online, inelastic supply", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "GMAT", "market": "Turkey", "type": "owns", "quote": "Pabrai funds collectively own now more than 20%, we are the largest shareholder", "context": "A Turkish wholesale retailer similar to Costco, with 2 stores; a fledgling business with significant growth potential", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": null, "market": "India", "type": "bullish", "quote": "India has a lot of tailwinds in financial services for quite a while", "context": "Generally bullish on Indian financial services, with no specific stocks in mind", "confidence": 85}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "Fiat Chrysler", "market": "United States", "type": "bought", "quote": "looking at Fiat Chrysler, revenues were 140 billion, market cap was 5 billion, trading at 3-4% of revenue", "context": "In 2012, Pabrai took a closer look at Fiat Chrysler because it was severely undervalued following improvements in the automotive business in the wake of the financial crisis", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Asbury Automotive", "market": "USA", "type": "owns", "quote": "we visited Asbury, riskreward basis better investments than Penske", "context": "Car dealer with a good risk-return profile; buying back shares at 8x cash flow vs. Penske at 18x", "confidence": 83}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Group 1 Automotive", "market": "USA", "type": "owns", "quote": "we visited Group One, riskreward basis better investments than Penske", "context": "Car dealer with a strong risk-return profile repurchases shares at 8x cash flow", "confidence": 83}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": null, "market": "USA", "type": "bullish", "quote": "offshore drillers, you'd do very well throwing darts in this space", "context": "Generally bullish on the offshore drilling sector due to capacity utilization and rate potential", "confidence": 83}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Valaris", "market": "USA", "type": "watching", "quote": "Valaris and Noble have significant white space in 2025 and 2026", "context": "Offshore Driller has less debt than Transocean but significantly more idle ships, which is weighing on cash flow", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Group 1 Automotive", "market": "USA", "type": "owns", "quote": "visited Asbury, Group One, Lithia", "context": "Car Dealer, part of the multiple holdings strategy in the auto dealer sector", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Reysas Deutschland", "market": "Germany", "type": "watching", "quote": "formed 100% own German subsidiary, building 39 apartments, less than 4 million investment", "context": "First real estate investment outside Turkey; a small initial investment in Germany", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": null, "market": "USA", "type": "bullish", "quote": "offshore drillers: industry insiders believe last drill ship may already be built", "context": "Offshore drilling industry: no new vessels under $1 billion or 5 years old; capacity is limited", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Mongolian Mining Corporation", "market": "Mongolia", "type": "owns", "quote": "one of our holdings, I visited Mongolia last year, those reserves are phenomenal", "context": "Met Coal has surface mine reserves, but the high cost of transporting the coal to the border complicates matters", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "NRP (Natural Resource Partners)", "market": "USA", "type": "sold", "quote": "we decided to take a pass for a few reasons, MLP structure not efficient for mutual fund", "context": "Met Coal Royalty MLP, rejected due to tax inefficiency and lower returns than direct mining investments", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Lithia Motors", "market": "USA", "type": "owns", "quote": "we visited Lithium, riskreward basis better investments than Penske", "context": "Car dealerships with a good risk-return profile in the portfolio", "confidence": 81}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "AutoNation", "market": "USA", "type": "owns", "quote": "we visited AutoNation, riskreward basis better investments than Penske", "context": "Car dealerships with a good risk-return profile in the portfolio", "confidence": 81}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Noble Corporation", "market": "USA", "type": "watching", "quote": "Noble kind of have some offset on lack of debt with white space", "context": "Offshore drillers: lower debt but greater reliance on new contracts", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Lithia Motors", "market": "USA", "type": "owns", "quote": "visited... Lithia, Auto Nation", "context": "Car Dealer, part of the portfolio as an alternative to expensive Penske", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Consol Energy", "market": "USA", "type": "sold", "quote": "our original interest came from Consol being bought by Einhorn, we ended up moving away", "context": "David Einhorn's Clone led to Coal Research, but then shifted to other coal positions", "confidence": 80}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "GM", "market": "United States", "type": "watching", "quote": "I was looking at GM in 2012, trying to understand why they would buy such a crappy business", "context": "In 2012, Pabrai took a critical look at GM and concluded it was a bad investment", "confidence": 80}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "Chipotle", "market": "United States", "type": "bullish", "quote": "I've been a big fan of Chipotle for 20 years, I knew it was a great business", "context": "Pabrai recognized Chipotle as a great business 20 years ago, but didn't invest", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "NRP (Natural Resource Partners)", "market": "USA", "type": "sold", "quote": "we looked at NRP in some detail, decided to take a pass", "context": "Metal-Coal Royalty MLP Rejected Due to Tax Inefficiency and Lower Leverage", "confidence": 79}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "AutoNation", "market": "USA", "type": "owns", "quote": "visited... Auto Nation", "context": "Car dealer, visited as part of the due diligence process, active position", "confidence": 78}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "GMAT", "market": "Turkey", "type": "bullish", "quote": "possible compounder, if they execute it would be an incredible home run", "context": "Early growth phase; sees similarities to Costco in terms of DNA and culture; also has plans for Germany", "confidence": 78}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Asbury Automotive", "market": "USA", "type": "owns", "quote": "we visited Asbury, Group One, Lithia, AutoNation", "context": "Car Dealership, more attractively valued than Penske at 8x cash flow vs. 18x", "confidence": 78}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Consol Energy", "market": "USA", "type": "sold", "quote": "original interest came from Consol, we ended up moving away and ending up with Alpha and Warrior", "context": "Originally cloned from Einhorn, then replaced with better coal investments following an analysis", "confidence": 76}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Group 1 Automotive", "market": "USA", "type": "owns", "quote": "we visited Asbury, Group One, Lithia, AutoNation", "context": "Car Dealership, included in the portfolio due to its valuation advantage over Penske", "confidence": 76}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "GMAT", "market": "Turkey", "type": "bullish", "quote": "aspirations to have 80 or more stores in Turkey, maybe stores in Germany", "context": "Early-stage venture-style bet; DNA resembles Costco; could be a compounder if expansion succeeds; currently only 2 stores", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Consol Energy", "market": "USA", "type": "watching", "quote": "original interest in coal came from Consol Energy being bought by David Einhorn... moved away from Consol", "context": "Originally cloned from Einhorn, it led to an analysis of Coal, but Pabrai ultimately did not invest in Consol but in other companies", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Noble Corporation", "market": "USA", "type": "watching", "quote": "have significant white space in 2025 and 2026", "context": "Offshore drilling companies are considered as an alternative, but are less preferred due to unused capacity", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Valaris", "market": "USA", "type": "watching", "quote": "have significant white space in 2025 and 2026", "context": "Offshore drilling companies are considered an alternative, but are less preferred due to unused capacity", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Noble Corporation", "market": "USA", "type": "watching", "quote": "Noble have significant white space in 2025 and 2026", "context": "An offshore driller, but with more idle ships than Transocean, yet less debt", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkey's inflation rate is coming down very fast, may be single-digit in 2-3 years", "context": "Sees improvement in inflation, positive for Turkish real estate investments", "confidence": 75}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "Amazon", "market": "United States", "type": "unknown", "quote": "Amazon crosses my desk at $10 a share, maybe 18 years ago, I'm too dense to figure it out", "context": "Pabrai admits that he failed to recognize Amazon about 18 to 20 years ago", "confidence": 75}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "Starbucks", "market": "International", "type": "bullish", "quote": "every time I go into a Starbucks I just marvel at the incredible business it is", "context": "Pabrai admires Starbucks' business model, but he always found it too expensive and never bought anything there", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Lithia Motors", "market": "USA", "type": "owns", "quote": "we visited Asbury, Group One, Lithia, AutoNation", "context": "Car Dealership im Portfolio", "confidence": 74}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "AutoNation", "market": "USA", "type": "owns", "quote": "we visited Asbury, Group One, Lithia, AutoNation", "context": "Car Dealership im Portfolio", "confidence": 74}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Toll Brothers", "market": "USA", "type": "owns", "quote": "homebuilders... two bets with Toll Brothers and PI... amongst lowest conviction bets", "context": "Homebuilders: Low conviction despite structural tailwinds; benefiting from consolidation and a housing shortage", "confidence": 72}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Penske Automotive", "market": "USA", "type": "watching", "quote": "highest quality business, but trading at 50 to 70% premium, decided better investments elsewhere", "context": "Thoroughly analyzed through site visits; top quality but too expensive at 18x cash flow", "confidence": 72}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Valaris", "market": "USA", "type": "watching", "quote": "Valaris and Noble have significant white space, which crimps your cash flows", "context": "Offshore driller, originally based in Clone, but Transocean is preferred", "confidence": 72}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "PulteGroup", "market": "USA", "type": "owns", "quote": "two bets with Toll Brothers and PI", "context": "Homebuilder (PI likely PulteGroup), low conviction, has become capital-light, good buyback opportunities", "confidence": 70}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Reysas Deutsch", "market": "Germany", "type": "watching", "quote": "they've recently entered Germany, formed a 100% owned German subsidiary, building 39 apartments", "context": "New subsidiary of Reysas Turkey, first real estate investment outside Turkey, modest start", "confidence": 70}, {"video_title": "Pabrai Wagons Fund Shareholder Call - December 3, 2025 - Mohnish Pabrai", "id": "JzneR6aQwoE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - December 3, 2025", "summary": "Detailed shareholder call regarding all positions: Edelweiss, as the largest position, is significantly undervalued due to upcoming IPOs; Turkish positions TAV and Reysas are long-term holds; Met Coal (Warrior, Alpha) and Offshore Drilling (Transocean) are opportunistic bets with significant upside; GMAT is a new Turkish Costco-like venture position with a 20%+ stake; low conviction in Homebuilders and Occidental.", "sort_date": "2025-12-03", "company": "Occidental Petroleum", "market": "USA", "type": "owns", "quote": "Our oxy bet... one of our lowest conviction bets, probably even lower than homebuilders", "context": "Very low conviction; the OxyCam-Berkshire deal is good for the balance sheet; upside potential if oil prices rise or fracking innovations emerge", "confidence": 68}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Toll Brothers", "market": "USA", "type": "owns", "quote": "amongst the lowest conviction bets we have even though we like them", "context": "Homebuilder with long-term advantages due to consolidation and a capital-light model", "confidence": 68}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Pulte Group", "market": "USA", "type": "owns", "quote": "amongst the lowest conviction bets we have even though we like them", "context": "Homebuilder with long-term advantages due to consolidation and a capital-light model", "confidence": 68}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Toll Brothers", "market": "USA", "type": "owns", "quote": "we have two bets with Toll Brothers and PY, amongst the lowest conviction bets", "context": "Homebuilder: Low conviction, but likes the consolidation trend and capital-light model", "confidence": 68}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "PulteGroup", "market": "USA", "type": "owns", "quote": "we have two bets with Toll Brothers and PY", "context": "Homebuilder, low conviction, benefits from industry consolidation", "confidence": 65}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "jLWRls4PQWg", "channel": "OnefootHurdle", "source_url": "", "published_at": "2025-12-18", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai discusses his entire portfolio, focusing on metal and coal stocks (Warrior, Alpha), investments in Turkey (Reysas, GMAT), Indian financial stocks (Edelweiss), offshore drilling companies (Transocean), and U.S. auto dealers—and announces an ETF conversion for February 2026", "sort_date": "2025-12-03", "company": "Occidental Petroleum", "market": "USA", "type": "owns", "quote": "one of our lowest conviction bets, probably even lower than homebuilders", "context": "OxyChem's deal with Berkshire reduces debt and could benefit from oil prices or fracking innovations", "confidence": 62}, {"video_title": "Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "id": "bi69Tj2NQvQ", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-16", "recording_date": "2025-12-03", "date_source": "explicit", "date_evidence": "Video-Titel: Pabrai Wagons Fund Shareholder Call Replay - December 3, 2025", "summary": "Pabrai remains strongly committed to his largest holdings—Edelweiss (India), Warrior/Alpha Met Coal (U.S.), TAV/Reysas (Turkey), and Transocean (offshore drilling)—while homebuilders and Occidental have the lowest conviction; he expects a massive increase in value for Edelweiss following its EAA IPO in April 2026.", "sort_date": "2025-12-03", "company": "Occidental Petroleum", "market": "USA", "type": "owns", "quote": "Our oxy bet is one of our lowest conviction bets, probably even lower than homebuilders", "context": "Lowest conviction position, but the Berkshire-OxyChem deal is positive for the balance sheet", "confidence": 60}, {"video_title": "How to Find Multibaggers WITHOUT Reading Financials! | Mohnish Pabrai | Stocks | Investment", "id": "etw37G4WTzQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment screening process and provides examples of missed opportunities (Amazon, Starbucks, Chipotle) as well as successful investments in undervalued funeral services and Fiat Chrysler.", "sort_date": "2025-12-03", "company": "pets.com", "market": "United States", "type": "bearish", "quote": "if I make an investment in pets.com and it doesn't work, that's where you pay the penalty", "context": "Use pets.com as an example of a bad investment where you lose money", "confidence": 60}, {"video_title": "India's Greatest Investor! #stockmarket", "id": "wnWoKobcgvo", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains Rakesh Jhunjhunwala's investment philosophy and emphasizes that you don't have to be right very often; you just need a few big winners.", "sort_date": "2025-11-28", "company": "Titan", "market": "India", "type": "bullish", "quote": "Titan for 25 plus years multi-billion dollar position", "context": "Pabrai praises Rakesh Jhunjhunwala's long-term position in Titan as an example of patient investing—suggesting a positive outlook on the stock", "confidence": 65}, {"video_title": "How to Pick Stocks for 2026 | Mohnish Pabrai | Stocks | Investment", "id": "7W0KdLiMLUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of concentrated investing within a narrow circle of competence and uses examples such as Frontline and Indian Titan stock to illustrate long-term, patient investing", "sort_date": "2025-11-27", "company": "Titan", "market": "India", "type": "bullish", "quote": "Rakkesh had Titan for 25 plus years, multi-billion dollar position", "context": "Pabrai highlights Titan as a prime example of a successful long-term holding, speaks highly of the Tatas—and expresses his admiration for this investment story", "confidence": 75}, {"video_title": "How to Pick Stocks for 2026 | Mohnish Pabrai | Stocks | Investment", "id": "7W0KdLiMLUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of concentrated investing within a narrow circle of competence and uses examples such as Frontline and Indian Titan stock to illustrate long-term, patient investing", "sort_date": "2025-11-27", "company": null, "market": "India", "type": "bullish", "quote": "He loved the Tatas. He just loved the governance and everything else with the Tatas", "context": "Pabrai explicitly praises the Tata Group's governance, which signals his positive view of Indian Tata companies", "confidence": 70}, {"video_title": "How to Pick Stocks for 2026 | Mohnish Pabrai | Stocks | Investment", "id": "7W0KdLiMLUQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of concentrated investing within a narrow circle of competence and uses examples such as Frontline and Indian Titan stock to illustrate long-term, patient investing", "sort_date": "2025-11-27", "company": "Frontline", "market": "Global", "type": "watching", "quote": "if I'm looking at front line, I should learn everything I can about shipping", "context": "Pabrai uses Frontline as an example to explain how one should delve deeply into a sector—implying that he is studying Frontline", "confidence": 65}, {"video_title": "5th European Value Investing Conference | Fireside Conversation with Mohnish Pabrai", "id": "vvZJDl_bzQQ", "channel": "Ivey Business School", "source_url": "", "published_at": "2025-11-26", "recording_date": "2025-11-26", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsnennung im Transkript", "summary": "Pabrai discusses his \"cloning\" investment philosophy, noting that he holds two large positions that account for 70% of a fund, but does not name any specific stocks, except for a positive mention of Amazon's strategy", "sort_date": "2025-11-26", "company": null, "market": "Unknown", "type": "owns", "quote": "two businesses in one of my funds make up close to 70% of the portfolio", "context": "Pabrai owns two unnamed companies that make up 70% of one of his funds, and he does not intend to sell them", "confidence": 95}, {"video_title": "5th European Value Investing Conference | Fireside Conversation with Mohnish Pabrai", "id": "vvZJDl_bzQQ", "channel": "Ivey Business School", "source_url": "", "published_at": "2025-11-26", "recording_date": "2025-11-26", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsnennung im Transkript", "summary": "Pabrai discusses his \"cloning\" investment philosophy, noting that he holds two large positions that account for 70% of a fund, but does not name any specific stocks, except for a positive mention of Amazon's strategy", "sort_date": "2025-11-26", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Mr. Bezos understands asymmetry better than any of us", "context": "Pabrai praises Bezos' understanding of asymmetry and cites AWS as a successful bet, suggesting a positive outlook for Amazon", "confidence": 65}, {"video_title": "How High-Quality Stocks Create Multibaggers Over Time | Mohnish Pabrai | Stocks | Investment", "id": "GgGBS2HlFqs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why it is better to buy high-quality growth companies rather than just cheap assets, and calls for extreme patience combined with high margins of safety—he cites Amazon, Google, and Facebook as high-quality but not cheap enough.", "sort_date": "2025-11-25", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Amazon will grow a lot, very durable modes, probably great investments even today", "context": "Pabrai views Amazon as a high-growth company with a sustainable competitive advantage and still considers it a good investment today", "confidence": 75}, {"video_title": "How High-Quality Stocks Create Multibaggers Over Time | Mohnish Pabrai | Stocks | Investment", "id": "GgGBS2HlFqs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why it is better to buy high-quality growth companies rather than just cheap assets, and calls for extreme patience combined with high margins of safety—he cites Amazon, Google, and Facebook as high-quality but not cheap enough.", "sort_date": "2025-11-25", "company": "Google", "market": "USA", "type": "bullish", "quote": "Google will grow a lot, very durable modes, probably great investments even today", "context": "Pabrai views Google as a high-growth company with a sustainable moat and still considers it a good investment today", "confidence": 75}, {"video_title": "How High-Quality Stocks Create Multibaggers Over Time | Mohnish Pabrai | Stocks | Investment", "id": "GgGBS2HlFqs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why it is better to buy high-quality growth companies rather than just cheap assets, and calls for extreme patience combined with high margins of safety—he cites Amazon, Google, and Facebook as high-quality but not cheap enough.", "sort_date": "2025-11-25", "company": "Facebook", "market": "USA", "type": "bullish", "quote": "Facebook will grow a lot, very durable modes, probably great investments even today", "context": "Pabrai views Facebook as a high-growth company with a sustainable moat and still considers it a good investment today", "confidence": 75}, {"video_title": "How High-Quality Stocks Create Multibaggers Over Time | Mohnish Pabrai | Stocks | Investment", "id": "GgGBS2HlFqs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why it is better to buy high-quality growth companies rather than just cheap assets, and calls for extreme patience combined with high margins of safety—he cites Amazon, Google, and Facebook as high-quality but not cheap enough.", "sort_date": "2025-11-25", "company": "Tenico", "market": "USA", "type": "bullish", "quote": "Charlie Munger made 8x on Tenico from 2002 to 2004-2005", "context": "Pabrai cites Munger's investment in Tenico as an example of extreme patience and unreasonable valuation expectations—the stock price fell from $160 to $5, and Munger bought it at $15–20", "confidence": 65}, {"video_title": "How to 10X, 20X, Even 100X with Compounding! | Mohnish Pabrai | Stocks | Investment", "id": "XpIMFFcjTcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends saving early, investing in index funds for the long term, and leaving the money untouched in order to achieve massive returns over decades.", "sort_date": "2025-11-23", "company": null, "market": "US", "type": "bullish", "quote": "It goes automatically into an index if you do nothing", "context": "Pabrai suggests that 401(k) funds should be automatically invested in an index fund as the default option", "confidence": 85}, {"video_title": "How to 10X, 20X, Even 100X with Compounding! | Mohnish Pabrai | Stocks | Investment", "id": "XpIMFFcjTcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends saving early, investing in index funds for the long term, and leaving the money untouched in order to achieve massive returns over decades.", "sort_date": "2025-11-23", "company": null, "market": "US", "type": "bullish", "quote": "putting it into a compounding engine, and not messing with it", "context": "He recommends investing money in a compounding machine and leaving it alone, which implies a long-term buy-and-hold strategy", "confidence": 80}, {"video_title": "How to 10X, 20X, Even 100X with Compounding! | Mohnish Pabrai | Stocks | Investment", "id": "XpIMFFcjTcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest and recommends saving early, investing in index funds for the long term, and leaving the money untouched in order to achieve massive returns over decades.", "sort_date": "2025-11-23", "company": null, "market": "US", "type": "bullish", "quote": "you could have close to 10 doubles in a lifetime", "context": "Pabrai explains that with an annual return of 10% over 70 years, the investment can double about 10 times, turning $1,000 into a million dollars", "confidence": 75}, {"video_title": "Why Small Cap Stocks Are the Best! | Mohnish Pabrai | Investment", "id": "hysl5FiQP9A", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he prefers small- and nano-cap stocks, discusses his investment in the Turkish cement sector, warns against weak competitive advantages, and recommends a \"PE-of-one\" strategy as a hedge", "sort_date": "2025-11-22", "company": null, "market": "United States", "type": "bullish", "quote": "stick with the small and nano caps", "context": "Pabrai prefers small- and nano-cap stocks because many companies will never generate more than $200–500 million in profit", "confidence": 92}, {"video_title": "Why Small Cap Stocks Are the Best! | Mohnish Pabrai | Investment", "id": "hysl5FiQP9A", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he prefers small- and nano-cap stocks, discusses his investment in the Turkish cement sector, warns against weak competitive advantages, and recommends a \"PE-of-one\" strategy as a hedge", "sort_date": "2025-11-22", "company": "cement company", "market": "Turkey", "type": "owns", "quote": "this company in Turkey the cement company", "context": "He discusses a cement investment in Turkey that he owns and whose competitive advantage he is questioning", "confidence": 88}, {"video_title": "Why Small Cap Stocks Are the Best! | Mohnish Pabrai | Investment", "id": "hysl5FiQP9A", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he prefers small- and nano-cap stocks, discusses his investment in the Turkish cement sector, warns against weak competitive advantages, and recommends a \"PE-of-one\" strategy as a hedge", "sort_date": "2025-11-22", "company": null, "market": "India", "type": "bearish", "quote": "cement such a terrible business in India limited barriers to entry", "context": "The cement industry in India is a poor business proposition due to the lack of barriers to entry, despite limited limestone reserves", "confidence": 85}, {"video_title": "Why Small Cap Stocks Are the Best! | Mohnish Pabrai | Investment", "id": "hysl5FiQP9A", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-22", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he prefers small- and nano-cap stocks, discusses his investment in the Turkish cement sector, warns against weak competitive advantages, and recommends a \"PE-of-one\" strategy as a hedge", "sort_date": "2025-11-22", "company": null, "market": "United States", "type": "watching", "quote": "companies making over 500 million a year in the US is less than 500", "context": "He uses the fact that very few U.S. companies generate annual profits of over $500 million as a filter for investment opportunities", "confidence": 75}, {"video_title": "Mohnish Pabrai’s 3000% Return On Turkish Company", "id": "OUhZCFzpmpQ", "channel": "IncomeInfinity 2", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai invested $8 million for a 33% stake in a Turkish company with a market capitalization of $16 million and estimates its current value at $1.5–2 billion", "sort_date": "2025-11-19", "company": null, "market": "Turkey", "type": "owns", "quote": "I'm an outside investor at 33%", "context": "Pabrai continues to hold a 33% stake in this Turkish company; the family owns 40–45%", "confidence": 99}, {"video_title": "Mohnish Pabrai’s 3000% Return On Turkish Company", "id": "OUhZCFzpmpQ", "channel": "IncomeInfinity 2", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai invested $8 million for a 33% stake in a Turkish company with a market capitalization of $16 million and estimates its current value at $1.5–2 billion", "sort_date": "2025-11-19", "company": null, "market": "Turkey", "type": "bought", "quote": "I spent 8 million dollars to get a third of the company", "context": "Pabrai purchased a 33% stake in a Turkish company with a market capitalization of $16 million for $8 million following an on-site due diligence review", "confidence": 98}, {"video_title": "Mohnish Pabrai’s 3000% Return On Turkish Company", "id": "OUhZCFzpmpQ", "channel": "IncomeInfinity 2", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai invested $8 million for a 33% stake in a Turkish company with a market capitalization of $16 million and estimates its current value at $1.5–2 billion", "sort_date": "2025-11-19", "company": null, "market": "Turkey", "type": "bullish", "quote": "today the business might be worth one and a half to two billion", "context": "The 2019 investment, which originally had a market cap of $16 million, could be worth $1.5 billion to $2 billion today—a tenfold increase", "confidence": 95}, {"video_title": "Mohnish Pabrai’s 3000% Return On Turkish Company", "id": "OUhZCFzpmpQ", "channel": "IncomeInfinity 2", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai invested $8 million for a 33% stake in a Turkish company with a market capitalization of $16 million and estimates its current value at $1.5–2 billion", "sort_date": "2025-11-19", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkish markets was screening really cheap", "context": "Through screening, Pabrai realized that the Turkish market was generally very undervalued", "confidence": 92}, {"video_title": "What is Low Risk, High Reward Strategy? | Mohnish Pabrai | Stocks | Investment", "id": "vFOCYlv-6SM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his low-risk, high-reward philosophy using a Barber analogy; he looks for hated and unloved stocks and avoids Nvidia because it is too expensive", "sort_date": "2025-11-19", "company": "Nvidia", "market": "Unknown", "type": "bearish", "quote": "don't need to buy Nvidia", "context": "Pabrai corrects himself and cites Nvidia as an example of overpriced stocks that you don't have to buy", "confidence": 75}, {"video_title": "What is Low Risk, High Reward Strategy? | Mohnish Pabrai | Stocks | Investment", "id": "vFOCYlv-6SM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his low-risk, high-reward philosophy using a Barber analogy; he looks for hated and unloved stocks and avoids Nvidia because it is too expensive", "sort_date": "2025-11-19", "company": "Nokia", "market": "Unknown", "type": "bearish", "quote": "don't need to go buy Nokia", "context": "Pabrai uses Nokia as an example of overvalued stocks that investors should avoid", "confidence": 65}, {"video_title": "“Just one Multibagger, Just One!” - Mohnish Pabrai | Stocks | Investment", "id": "cbYBSzjs3Z8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that high failure rates are normal in investing and that a single big winner like Amazon is enough to save a portfolio, even if 95% of the other investments fail", "sort_date": "2025-11-18", "company": "Amazon", "market": "Unknown", "type": "sold", "quote": "I gave you the extreme example of my investment in Amazon. If I had just kept that investment", "context": "Pabrai mentions that he sold his Amazon shares and regrets not holding onto them, since it was only a 5% stake but could have been a huge winner", "confidence": 92}, {"video_title": "“Just one Multibagger, Just One!” - Mohnish Pabrai | Stocks | Investment", "id": "cbYBSzjs3Z8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that high failure rates are normal in investing and that a single big winner like Amazon is enough to save a portfolio, even if 95% of the other investments fail", "sort_date": "2025-11-18", "company": "Berkshire Hathaway", "market": "Unknown", "type": "watching", "quote": "If I looked at every acquisition Berkshire Hathaway did, they may have done maybe a hundred acquisitions", "context": "Pabrai analyzes Buffett's track record at Berkshire to determine which sectors are performing well and which are not", "confidence": 65}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Amazon", "market": "US", "type": "bearish", "quote": "in about two minutes I'd say... this was not a good business", "context": "Pabrai doesn't understand the business model; the last-mile costs don't make sense to him; he would reject Amazon in 30 seconds", "confidence": 95}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Mastercard", "market": "US", "type": "bullish", "quote": "it would very quickly make sense... 80% margin business", "context": "An example of a business model with excellent economics—percentage-based fees, high scalability, and virtually no incremental costs", "confidence": 90}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "that model makes sense... sitting in the middle with payments and pipe", "context": "Pabrai believes Alibaba's model makes more sense than Amazon's—no inventory risk, just a digital platform, but weaker customer loyalty", "confidence": 85}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Nestle", "market": "Global", "type": "bullish", "quote": "these companies already won... who's going to take Nestle out", "context": "Quoting Terry Smith's approach: \"With 150 years of history, Nestlé has already won; its durability has been proven.\"", "confidence": 85}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Unilever", "market": "Global", "type": "bullish", "quote": "Who's going to take Uni Liver out", "context": "Another example of proven winners with durability according to Terry Smith's approach", "confidence": 80}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Microsoft", "market": "US", "type": "bullish", "quote": "Microsoft has won... these companies have won", "context": "Examples of companies that have already succeeded—demonstrating strong durability and return on equity", "confidence": 80}, {"video_title": "Why High ROE Stocks Can be Dangerous! | Mohnish Pabrai | Investment | Multibagger", "id": "g6LpQQBHHSw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 30-second investment filter: high ROE plus durability; he favors proven winners like Nestlé and Microsoft and avoids complex models like Amazon", "sort_date": "2025-11-17", "company": "Colgate-Palmolive", "market": "US", "type": "bullish", "quote": "Colgate Palm... these companies already won", "context": "Also mentioned as an example of proven winners with long-term staying power", "confidence": 75}, {"video_title": "Mohnish Pabrai Reveals How to Build the Perfect Stock Portfolio", "id": "HjridTgj4Tc", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 10x10 portfolio strategy and cites WL Ross SPAC as a specific example of a low-risk investment with high uncertainty.", "sort_date": "2025-11-16", "company": "WL Ross and Company", "market": "USA", "type": "bought", "quote": "we bought it anytime it went below $10... usually bought it below $9.97", "context": "He systematically bought WLR shares for less than $10, mostly for less than $9.97, in order to stay below the cash value", "confidence": 98}, {"video_title": "Mohnish Pabrai Reveals How to Build the Perfect Stock Portfolio", "id": "HjridTgj4Tc", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 10x10 portfolio strategy and cites WL Ross SPAC as a specific example of a low-risk investment with high uncertainty.", "sort_date": "2025-11-16", "company": "WL Ross and Company", "market": "USA", "type": "owns", "quote": "there's a company called WL Ross and Company... in my portfolio right now", "context": "Pabrai owns WLR, a SPAC backed by Wilbur Ross with $10 in cash per share, which he bought for less than $10", "confidence": 95}, {"video_title": "Mohnish Pabrai Reveals How to Build the Perfect Stock Portfolio", "id": "HjridTgj4Tc", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 10x10 portfolio strategy and cites WL Ross SPAC as a specific example of a low-risk investment with high uncertainty.", "sort_date": "2025-11-16", "company": "WL Ross and Company", "market": "USA", "type": "bullish", "quote": "the risk is for the most part non-existent... odds of permanent loss very low", "context": "He considers WLR a low-risk investment due to its cash backing and Wilbur Ross's strong track record", "confidence": 92}, {"video_title": "4 Hacks to Analyse a Stock FAST! | Mohnish Pabrai | Stocks | Investment", "id": "Cah_gDoRK-k", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using four \"hacks\": awareness of biases, quick rejection, high standards, and rapidly scanning thousands of stocks for extreme valuation patterns—illustrated by Buffett's investments in Korea and Japan and his own analyses.", "sort_date": "2025-11-16", "company": null, "market": "Japan", "type": "watching", "quote": "I was looking at Japanese nets, companies trading well below their liquidation values", "context": "In 2011, Pabrai actively searched for undervalued Japanese companies using the Japan Company Handbook", "confidence": 80}, {"video_title": "4 Hacks to Analyse a Stock FAST! | Mohnish Pabrai | Stocks | Investment", "id": "Cah_gDoRK-k", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using four \"hacks\": awareness of biases, quick rejection, high standards, and rapidly scanning thousands of stocks for extreme valuation patterns—illustrated by Buffett's investments in Korea and Japan and his own analyses.", "sort_date": "2025-11-16", "company": "Fiat Chrysler", "market": "USA", "type": "watching", "quote": "in 2012 I spent probably two months doing nothing but studying Fiat Chrysler", "context": "In 2012, Pabrai spent a great deal of time analyzing Fiat Chrysler, which suggests a strong interest", "confidence": 75}, {"video_title": "4 Hacks to Analyse a Stock FAST! | Mohnish Pabrai | Stocks | Investment", "id": "Cah_gDoRK-k", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using four \"hacks\": awareness of biases, quick rejection, high standards, and rapidly scanning thousands of stocks for extreme valuation patterns—illustrated by Buffett's investments in Korea and Japan and his own analyses.", "sort_date": "2025-11-16", "company": "General Motors", "market": "USA", "type": "watching", "quote": "in 2012 I spent probably two months studying General Motors", "context": "Together with Fiat Chrysler, he conducted an in-depth analysis of General Motors in 2012", "confidence": 75}, {"video_title": "4 Hacks to Analyse a Stock FAST! | Mohnish Pabrai | Stocks | Investment", "id": "Cah_gDoRK-k", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using four \"hacks\": awareness of biases, quick rejection, high standards, and rapidly scanning thousands of stocks for extreme valuation patterns—illustrated by Buffett's investments in Korea and Japan and his own analyses.", "sort_date": "2025-11-16", "company": "Daehan Flour", "market": "South Korea", "type": "bullish", "quote": "earnings 23,000, over 100,000 Won per share in equities, going for 38,000 Won", "context": "Pabrai cites this South Korean company as an example of Buffett's Korean investments—suggesting similar patterns of interest", "confidence": 65}, {"video_title": "4 Hacks to Analyse a Stock FAST! | Mohnish Pabrai | Stocks | Investment", "id": "Cah_gDoRK-k", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment methodology using four \"hacks\": awareness of biases, quick rejection, high standards, and rapidly scanning thousands of stocks for extreme valuation patterns—illustrated by Buffett's investments in Korea and Japan and his own analyses.", "sort_date": "2025-11-16", "company": null, "market": "South Korea", "type": "bullish", "quote": "Buffett put about 100 million into 20 Korean companies, he did very well", "context": "Pabrai discusses Buffett's successful 2005 Korea strategy as a model for quantitative screening methods", "confidence": 60}, {"video_title": "Mohnish Pabrai's "Heads I Win" Strategy #mohnishpabrai #investingsimplified #riskmanagement", "id": "AWhKYlBPJhI", "channel": "Cold Brew Money", "source_url": "", "published_at": "2025-11-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment philosophy: a few big bets with favorable odds, a return of at least 2–3 times the investment over 2–3 years, and a focus on low-risk, high-uncertainty situations, such as Facebook in 2018", "sort_date": "2025-11-14", "company": "Facebook", "market": "Unknown", "type": "watching", "quote": "we can look at Facebook in 2018 during the Cambridge Analytica scandal", "context": "Pabrai cites Facebook in 2018 as an example of a low-risk, high-uncertainty situation during the Cambridge Analytica scandal", "confidence": 65}, {"video_title": "Mohnish Pabrai on Risk vs. Uncertainty", "id": "648nSX8ntrY", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-11-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his approach: buying companies with high uncertainty but low risk, because Wall Street punishes them, while certainty plays like ADP are overvalued", "sort_date": "2025-11-13", "company": null, "market": "Unknown", "type": "bullish", "quote": "if a company exhibits high uncertainty... those are where the opportunity lies", "context": "Pabrai specifically looks for companies with low risk but high uncertainty because they are undervalued", "confidence": 90}, {"video_title": "Mohnish Pabrai on Risk vs. Uncertainty", "id": "648nSX8ntrY", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-11-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his approach: buying companies with high uncertainty but low risk, because Wall Street punishes them, while certainty plays like ADP are overvalued", "sort_date": "2025-11-13", "company": "ADP", "market": "Unknown", "type": "bearish", "quote": "Wall Street will reward you extremely well... priced for euphoria, overpriced", "context": "Pabrai uses ADP as an example of overvalued \"certainty\" stocks that Wall Street is pricing too high", "confidence": 75}, {"video_title": "Mohnish Pabrai Explains How to Grow a Small Portfolio Fast", "id": "1Zb4lRDtO9Q", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that, with a small portfolio, he would focus exclusively on special situations and anomalies—including long-term options—because the best investors have to move away from these niches as they grow.", "sort_date": "2025-11-12", "company": null, "market": "Special Situations", "type": "watching", "quote": "the anomalies would be of deep interest. These weird special situations", "context": "With a small portfolio, Pabrai would focus entirely on special-situation anomalies that he cannot capitalize on with the large funds", "confidence": 95}, {"video_title": "Mohnish Pabrai Explains How to Grow a Small Portfolio Fast", "id": "1Zb4lRDtO9Q", "channel": "Invest Avenue", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that, with a small portfolio, he would focus exclusively on special situations and anomalies—including long-term options—because the best investors have to move away from these niches as they grow.", "sort_date": "2025-11-12", "company": null, "market": "Options Market", "type": "watching", "quote": "I could even do some of it with long-term options", "context": "With a small portfolio, Pabrai would also use long-term options, which is not possible with large funds", "confidence": 90}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Wally Park", "market": "USA", "type": "bearish", "quote": "suddenly Uber comes along, they got too many spaces. That business suddenly changed", "context": "Pabrai uses Wally Park as a cautionary tale about disruptive forces—a business he loved was destroyed by Uber", "confidence": 90}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Union Pacific Railroad", "market": "USA", "type": "bullish", "quote": "I think 20 years from now Union Pacific is around", "context": "Pabrai views Union Pacific as one of the few companies with long-term advantages (rights of way) that will endure for 20 years", "confidence": 85}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Coca-Cola", "context": "Pabrai cites Coca-Cola as an example of a rare company with a sustainable competitive advantage (moat)", "confidence": 75}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Visa", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Visa, MasterCard", "context": "Visa is cited as an example of a company with a sustainable competitive advantage in the payments sector", "confidence": 75}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "MasterCard", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Visa, MasterCard", "context": "MasterCard is cited as an example of a company with a sustainable competitive advantage in the payments sector", "confidence": 75}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Louis Vuitton", "market": "USA", "type": "bullish", "quote": "we end up with some moats around Louis Vuitton", "context": "Louis Vuitton is cited as an example of a company with a sustainable competitive advantage", "confidence": 75}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Kodak", "market": "USA", "type": "bearish", "quote": "Kodak, Nokia, BlackBerry, these were giants until they weren't", "context": "Kodak is cited as a cautionary tale of the downfall of former market leaders", "confidence": 70}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Nokia", "market": "USA", "type": "bearish", "quote": "Kodak, Nokia, BlackBerry, these were giants until they weren't", "context": "Nokia is cited as a cautionary tale of the downfall of former market leaders", "confidence": 70}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "BlackBerry", "market": "USA", "type": "bearish", "quote": "Kodak, Nokia, BlackBerry, these were giants until they weren't", "context": "BlackBerry is cited as a cautionary tale of the downfall of former market leaders", "confidence": 70}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Liberty Media", "market": "USA", "type": "unknown", "quote": "I haven't followed Liberty and Malone in a long time", "context": "Pabrai says he no longer follows Liberty/Malone and is concerned that their practices are not Buffett-like", "confidence": 65}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "American Express", "market": "USA", "type": "watching", "quote": "If you look at something like Amex today and the trajectory", "context": "Pabrai cites Amex as an example of a company with an unpredictable trajectory; he seems to be observing it", "confidence": 60}, {"video_title": "“You Will Never Pick Wrong Stocks Again” | Mohnish Pabrai | Stocks | Investment", "id": "Nau2snwNC_0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-12", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns against the creative destruction of capitalism and emphasizes that almost all companies will disappear—only a few, such as Union Pacific, Coca-Cola, or Visa, have sustainable competitive advantages; therefore, active monitoring is essential rather than a buy-and-hold strategy", "sort_date": "2025-11-12", "company": "Uber", "market": "USA", "type": "unknown", "quote": "Then suddenly Uber comes along", "context": "Uber is cited as an example of disruptive innovation that has disrupted the parking industry", "confidence": 50}, {"video_title": "Mohnish Pabrai: Why Your "Moat" Is a Myth #mohnishpabrai #investingtips #valueinvesting", "id": "Z5EuA4Xv22c", "channel": "Cold Brew Money", "source_url": "", "published_at": "2025-11-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that competitive advantages (moats) erode more quickly than most investors realize, illustrating this point with the example of GE's difficulties", "sort_date": "2025-11-11", "company": "General Electric", "market": "USA", "type": "bearish", "quote": "GE basically is having a lot of difficulties", "context": "Pabrai uses GE as an example to illustrate that even large, established companies can lose their competitive advantages (moats)", "confidence": 75}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": null, "market": "Turkey", "type": "owns", "quote": "when I bought our investment in Turkey... We own 1/3 of those of that business", "context": "Pabrai owns a third of a Turkish company with 12 million square feet of space and plans to hold the investment long-term rather than sell it at a fair valuation", "confidence": 95}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "GameStop", "market": "USA", "type": "bearish", "quote": "if you're a family who owns GameStop right now, you should have sold a while ago", "context": "Pabrai explicitly states that GameStop shareholders should have sold their shares some time ago, citing this as an example of \"egregious\" valuations", "confidence": 90}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "he understood Amazon really well... that business was exceptional", "context": "Pabrai cites Nick Sleep's investment in Amazon as a positive example of his new mindset; he held onto Amazon shares at $300 (now $3,300+)", "confidence": 75}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "Costco", "market": "USA", "type": "bullish", "quote": "Costco and Berkshire Hathaway made up almost the rest of the portfolio", "context": "Pabrai cites Costco as a positive example from Nick Sleep's focused portfolio of great long-term businesses", "confidence": 70}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Costco and Berkshire Hathaway made up almost the rest of the portfolio", "context": "Pabrai cites Berkshire as a positive example from Nick Sleep's focused portfolio of great long-term businesses", "confidence": 70}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "Kmart", "market": "USA", "type": "bearish", "quote": "Kmart was a very cheap stock but it was a business in decline", "context": "Pabrai uses Kmart as a negative counterexample to Walmart—cheaply valued but a poor business", "confidence": 70}, {"video_title": "“This is The Mindset of 100X Investors” - Mohnish Pabrai | Stocks | Investment", "id": "F2IrVbnuu24", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in mindset from value investing (buying undervalued stocks and selling when they reach fair value) to holding great businesses for the long term, such as his Turkish investment, inspired by Nick Sleep’s Amazon/Costco/Berkshire strategy.", "sort_date": "2025-11-08", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Walmart was an expensive stock but it was a business growing from strength to strength", "context": "Pabrai uses Walmart as a historical example of a great business that one should have held onto for the long term despite its high valuation", "confidence": 65}, {"video_title": "Margin of Safety (2025 Version) | Mohnish Pabrai | Stocks | Investment", "id": "GNUlh2HIcTA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the evolution of the margin of safety concept—from Graham’s hard assets to the modern focus on intangibles such as brand power and business moats—using examples from Buffett’s investments in See’s Candy, Coca-Cola, Apple, and Copart", "sort_date": "2025-11-07", "company": "Copart", "market": "USA", "type": "bullish", "quote": "you look at Copart, you can't really get to downside protected with hard assets", "context": "Pabrai cites Copart as a positive example of a business where the margin of safety stems from culture, reputation, and ecosystem ties rather than from hard assets", "confidence": 75}, {"video_title": "Margin of Safety (2025 Version) | Mohnish Pabrai | Stocks | Investment", "id": "GNUlh2HIcTA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the evolution of the margin of safety concept—from Graham’s hard assets to the modern focus on intangibles such as brand power and business moats—using examples from Buffett’s investments in See’s Candy, Coca-Cola, Apple, and Copart", "sort_date": "2025-11-07", "company": "See's Candies", "market": "USA", "type": "owns", "quote": "he paid more than $25 million for book value of less than 5 million", "context": "Pabrai describes Buffett's investment in See's Candy as a decisive turning point away from Graham's hard-asset approach", "confidence": 70}, {"video_title": "Margin of Safety (2025 Version) | Mohnish Pabrai | Stocks | Investment", "id": "GNUlh2HIcTA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the evolution of the margin of safety concept—from Graham’s hard assets to the modern focus on intangibles such as brand power and business moats—using examples from Buffett’s investments in See’s Candy, Coca-Cola, Apple, and Copart", "sort_date": "2025-11-07", "company": "Geico", "market": "USA", "type": "owns", "quote": "He made all his money on Geico not because he bought it cheap but because it was a great business", "context": "Pabrai explains that Ben Graham made his profits with Geico because of the quality of the business, not by buying low with hard asset protection", "confidence": 70}, {"video_title": "Margin of Safety (2025 Version) | Mohnish Pabrai | Stocks | Investment", "id": "GNUlh2HIcTA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the evolution of the margin of safety concept—from Graham’s hard assets to the modern focus on intangibles such as brand power and business moats—using examples from Buffett’s investments in See’s Candy, Coca-Cola, Apple, and Copart", "sort_date": "2025-11-07", "company": "Coca-Cola", "market": "USA", "type": "owns", "quote": "when they made the Coca-Cola investment, the downside protection was the brand", "context": "Pabrai discusses Warren Buffett's Coca-Cola investment as an example of a modern margin of safety based on brand value rather than tangible assets", "confidence": 65}, {"video_title": "Margin of Safety (2025 Version) | Mohnish Pabrai | Stocks | Investment", "id": "GNUlh2HIcTA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the evolution of the margin of safety concept—from Graham’s hard assets to the modern focus on intangibles such as brand power and business moats—using examples from Buffett’s investments in See’s Candy, Coca-Cola, Apple, and Copart", "sort_date": "2025-11-07", "company": "Apple", "market": "USA", "type": "owns", "quote": "even when he made the investment in Apple, the downside was in the brand value", "context": "Pabrai cites Buffett's investment in Apple as another example where brand value and customer loyalty constitute the margin of safety, not hard assets", "confidence": 65}, {"video_title": "How to Build the Perfect Stock Portfolio | Mohnish Pabrai | Stocks | Investment", "id": "vHjpz4vO1q8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio strategy, which limits positions to a maximum of 10%, and cites his holding in WL Ross SPAC—which he bought below its cash value—as an example of low risk in a high-uncertainty environment", "sort_date": "2025-11-05", "company": "WL Ross and Company", "market": "Unknown", "type": "owns", "quote": "there's a company called WL Ross and company which is in my portfolio right now", "context": "Pabrai owns WLR, a SPAC backed by Wilbur Ross with $10 in cash per share, which he bought for less than $10", "confidence": 95}, {"video_title": "How to Build the Perfect Stock Portfolio | Mohnish Pabrai | Stocks | Investment", "id": "vHjpz4vO1q8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio strategy, which limits positions to a maximum of 10%, and cites his holding in WL Ross SPAC—which he bought below its cash value—as an example of low risk in a high-uncertainty environment", "sort_date": "2025-11-05", "company": "WL Ross and Company", "market": "Unknown", "type": "bought", "quote": "we bought it anytime it went below $10, usually bought it below $9.97", "context": "He systematically bought WLR below its cash value of $10 per share, mostly for less than $9.97", "confidence": 95}, {"video_title": "How to Build the Perfect Stock Portfolio | Mohnish Pabrai | Stocks | Investment", "id": "vHjpz4vO1q8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-05", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio strategy, which limits positions to a maximum of 10%, and cites his holding in WL Ross SPAC—which he bought below its cash value—as an example of low risk in a high-uncertainty environment", "sort_date": "2025-11-05", "company": "WL Ross and Company (WLRU)", "market": "Unknown", "type": "watching", "quote": "there's another ticker WLRU which gives you the option to buy another half share", "context": "He mentions the WLRU Ticker with an options component as an alternative to the standard WLR", "confidence": 75}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Kotak Mahindra Bank", "market": "India", "type": "owns", "quote": "the one I bought in India, which went up 60 times or something", "context": "Pabrai claims that he bought shares in this Indian bank and that their value increased 60-fold", "confidence": 95}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Crisil", "market": "India", "type": "bullish", "quote": "went up 130 times after he sold", "context": "Pabrai notes that Guy Spier's investment in the Indian credit rating agency (the equivalent of Moody's) increased 130-fold after it was sold", "confidence": 92}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Moody's", "market": "United States", "type": "bullish", "quote": "the ultimate ultimate deep moat business, even in the financial crisis it did not destroy the company", "context": "Pabrai describes Moody's as the ultimate deep-moat business with fantastic economics", "confidence": 91}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Blue Dart", "market": "India", "type": "owns", "quote": "which is the FedEx replica I bought in India", "context": "Pabrai cites Blue Dart as an example of a great business he acquired in India", "confidence": 90}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Coca-Cola", "market": "United States", "type": "bullish", "quote": "for several decades, the company was poorly managed and still survived", "context": "Pabrai points out that Coca-Cola survived despite decades of poor management—a sign of a great business", "confidence": 89}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Moutai", "market": "China", "type": "bullish", "quote": "an idiot can run that company. That is an unbelievable, fantastic business", "context": "Pabrai cites Moutai as an example of a business with a deep moat that could survive even poor management", "confidence": 88}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "See's Candy", "market": "United States", "type": "bullish", "quote": "businesses like See's Candy that an idiot can run", "context": "Pabrai uses See's Candy as an example of a business with such a deep moat that it can survive even poor management", "confidence": 87}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Amazon", "market": "United States", "type": "bullish", "quote": "businesses which have huge tailwinds, deep moats, ultra-long runways, high ROE", "context": "Pabrai cites Amazon as an example of an excellent business that requires great management", "confidence": 87}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Costco", "market": "United States", "type": "bullish", "quote": "businesses which have huge tailwinds, deep moats, ultra-long runways, high ROE", "context": "Pabrai cites Costco as an example of an excellent business that requires great management", "confidence": 87}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "GEICO", "market": "United States", "type": "bullish", "quote": "businesses which have huge tailwinds, deep moats, ultra-long runways, high ROE", "context": "Pabrai cites GEICO as an example of an excellent business that requires great management", "confidence": 87}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Satyam", "market": "India", "type": "owns", "quote": "the IT company", "context": "Pabrai lists Satyam as one of his investments in India with excellent business fundamentals", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Visa", "market": "United States", "type": "bullish", "quote": "types of businesses which are so deep in the moats", "context": "Pabrai cites Visa as an example of a company with a very deep moat", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "MasterCard", "market": "United States", "type": "bullish", "quote": "types of businesses which are so deep in the moats", "context": "Pabrai cites MasterCard as an example of a company with a very deep moat", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "American Express", "market": "United States", "type": "bullish", "quote": "types of businesses which are so deep in the moats", "context": "Pabrai cites American Express as an example of a company with a very deep moat", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "McDonald's", "market": "United States", "type": "bullish", "quote": "all great businesses with economics that are just phenomenal", "context": "Pabrai cites McDonald's as an example of a business with excellent economics", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Yum! Brands", "market": "United States", "type": "bullish", "quote": "all great businesses with economics that are just phenomenal", "context": "Pabrai cites Yum! Brands as an example of a business with excellent financial performance", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Domino's Pizza", "market": "United States", "type": "bullish", "quote": "all great businesses with economics that are just phenomenal", "context": "Pabrai cites Domino's as an example of a business with excellent economics", "confidence": 85}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": "Restaurant Brands", "market": "United States", "type": "bullish", "quote": "great businesses, but they do need solid management on top of them", "context": "Pabrai cites Restaurant Brands (Burger King, Tim Hortons) as a business with phenomenal financial performance", "confidence": 84}, {"video_title": "5 Signs a Stock Can Become a 100 Bagger! | Mohnish Pabrai | Stocks | Multibagger", "id": "Nt3ihKFm2VA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-11-01", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his strategy for identifying 100-baggers and highlights his successful investments in India (Kotak 60x, Blue Dart, Satyam) as well as examples of deep-moat businesses", "sort_date": "2025-11-01", "company": null, "market": "India", "type": "bullish", "quote": "bought multiple businesses in India including Kotak, Blue Dart, Satyam", "context": "Pabrai has generally expressed a positive outlook on the Indian market through several successful investments", "confidence": 78}, {"video_title": "“You Only Need to Find 2 Good Stocks a Year” - Mohnish Pabrai | Investment | Compounding", "id": "-KSeg_JPvik", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process: he makes only two investments per year, uses the Value Investors Club and 13F filings as filters, and invested in RAS at a 3% liquidation value following visits to Turkey in 2018 and 2019.", "sort_date": "2025-10-28", "company": "RAS", "market": "Turkey", "type": "bought", "quote": "In 2019 we visited RAS, 3% liquidation value and so on", "context": "Pabrai visited RAS in 2019 during his second trip to Turkey, citing a 3% liquidation value as an attractive valuation", "confidence": 90}, {"video_title": "“You Only Need to Find 2 Good Stocks a Year” - Mohnish Pabrai | Investment | Compounding", "id": "-KSeg_JPvik", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process: he makes only two investments per year, uses the Value Investors Club and 13F filings as filters, and invested in RAS at a 3% liquidation value following visits to Turkey in 2018 and 2019.", "sort_date": "2025-10-28", "company": null, "market": "Turkey", "type": "watching", "quote": "I made my first trip to Turkey in 2018 because the currency was very unstable", "context": "Pabrai visited Turkey in 2018 because the markets looked very attractive following currency instability", "confidence": 85}, {"video_title": "“You Only Need to Find 2 Good Stocks a Year” - Mohnish Pabrai | Investment | Compounding", "id": "-KSeg_JPvik", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process: he makes only two investments per year, uses the Value Investors Club and 13F filings as filters, and invested in RAS at a 3% liquidation value following visits to Turkey in 2018 and 2019.", "sort_date": "2025-10-28", "company": null, "market": "Turkey", "type": "watching", "quote": "markets optically looked really cheap so I visited every business in portfolio", "context": "In 2018, he visited every company in his Turkish friend's portfolio to come up with ideas", "confidence": 80}, {"video_title": "“You Only Need to Find 2 Good Stocks a Year” - Mohnish Pabrai | Investment | Compounding", "id": "-KSeg_JPvik", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-28", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his research process: he makes only two investments per year, uses the Value Investors Club and 13F filings as filters, and invested in RAS at a 3% liquidation value following visits to Turkey in 2018 and 2019.", "sort_date": "2025-10-28", "company": null, "market": "Global", "type": "watching", "quote": "80 90% of available horsepower is being directed to one business", "context": "At the time of the interview, Pabrai was focusing 80–90% of his energy on a specific company, though he did not name it", "confidence": 75}, {"video_title": "How 10 Years of Compounding Can Change Your Life | Mohnish Pabrai | Stocks | Investment", "id": "gMdHbRdQYso", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his revised investment philosophy: exceptional businesses should be held for the long term and not sold at what appears to be a fair valuation, as their true potential is often underestimated.", "sort_date": "2025-10-26", "company": null, "market": "Unknown", "type": "bullish", "quote": "when you own an exceptional business, do not sell it at 90% intrinsic value", "context": "Pabrai explains his revised investment philosophy: exceptional businesses should be held for the long term, not sold at 90% of their intrinsic value", "confidence": 95}, {"video_title": "How 10 Years of Compounding Can Change Your Life | Mohnish Pabrai | Stocks | Investment", "id": "gMdHbRdQYso", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his revised investment philosophy: exceptional businesses should be held for the long term and not sold at what appears to be a fair valuation, as their true potential is often underestimated.", "sort_date": "2025-10-26", "company": null, "market": "Unknown", "type": "bullish", "quote": "do not sell exceptional business when fully priced or overpriced, only when egregiously overpriced", "context": "Pabrai emphasizes that one should hold exceptional businesses for an extremely long time and only sell them if they are extremely overvalued", "confidence": 95}, {"video_title": "How 10 Years of Compounding Can Change Your Life | Mohnish Pabrai | Stocks | Investment", "id": "gMdHbRdQYso", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his revised investment philosophy: exceptional businesses should be held for the long term and not sold at what appears to be a fair valuation, as their true potential is often underestimated.", "sort_date": "2025-10-26", "company": null, "market": "Unknown", "type": "unknown", "quote": "you're going to get some companies in portfolio that are truly exceptional", "context": "Pabrai hints that he already has some exceptional companies in his portfolio, but does not name any", "confidence": 65}, {"video_title": "How 10 Years of Compounding Can Change Your Life | Mohnish Pabrai | Stocks | Investment", "id": "gMdHbRdQYso", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his revised investment philosophy: exceptional businesses should be held for the long term and not sold at what appears to be a fair valuation, as their true potential is often underestimated.", "sort_date": "2025-10-26", "company": "See's Candies", "market": "USA", "type": "owns", "quote": "dividends received in last few decades approaching 3 billion, still have the business", "context": "Pabrai uses Buffett's investment in See's Candy as an example of exceptional businesses that shouldn't be sold—he's talking about Buffett's position, not his own", "confidence": 45}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Wachovia Corporation", "market": "USA", "type": "bought", "quote": "we bought 42% of the volume for the next four days", "context": "Pabrai describes an investment made during the financial crisis, purchased at $1.84 with an estimated value of $11–14", "confidence": 95}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "Titan has done extremely well over the years going to keep doing well", "context": "Pabrai discusses Rakesh Jhunjhunwala's most successful investment in Titan, which accounted for over 50% of his portfolio", "confidence": 88}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "one stock Amazon became 80%. it did better than Berkshire and Costco", "context": "Pabrai mentions Nick Sleep's portfolio, where Amazon accounted for 80% because it outperformed the other holdings", "confidence": 85}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "A lot of fortunes have been built on that", "context": "Buffett uses Coca-Cola as an example of a wonderful concentrated investment", "confidence": 80}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Wachovia Securities", "market": "USA", "type": "bullish", "quote": "good wealth management business", "context": "Part of the Wachovia Holding Company stock that Pabrai analyzed", "confidence": 78}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "AG Edwards", "market": "USA", "type": "bullish", "quote": "another interesting asset. these are businesses you know well", "context": "As part of Wachovia Holdings, it was viewed favorably as a well-known asset", "confidence": 75}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "it's a great business and you just leave it alone", "context": "Pabrai cites the Walton family's concentration of ownership in Walmart as a positive example of concentration", "confidence": 72}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Costco", "market": "USA", "type": "bullish", "quote": "the other two weren't slouches but it did better than Berkshire and Costco", "context": "It was one of the three holdings in Nick Sleep's portfolio; it performed well, but not as well as Amazon", "confidence": 72}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "it did better than Berkshire and Costco", "context": "Mentioned as one of the three holdings in Nick Sleep's portfolio, but underperformed Amazon", "confidence": 70}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Citigroup", "market": "USA", "type": "watching", "quote": "Citi to acquire the Wachovia banking subsidiaries for $1 in Citi stock", "context": "Citigroup acquired Wachovia's banking subsidiaries during the financial crisis, which created an investment opportunity", "confidence": 68}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Mastercard", "market": "USA", "type": "watching", "quote": "these very smart investors would buy Mastercard after the IPO", "context": "Pabrai uses Mastercard as an example of a strong investment that shouldn't be cut back on while it's growing", "confidence": 65}, {"video_title": "“Fewer Stocks Deliver Bigger Returns” - Mohnish Pabrai | Stocks | Concentrated Portfolio", "id": "AUIiUm-peTM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his concentrated portfolio philosophy, which consists of 10 holdings, describes the Wachovia investment during the financial crisis, and argues against diversification for knowledgeable investors.", "sort_date": "2025-10-24", "company": "Evergreen Asset Management", "market": "USA", "type": "watching", "quote": "they had paid $6-7 billion for it 6 months before", "context": "Was part of the Wachovia Holding Company assets that Pabrai evaluated", "confidence": 62}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": null, "market": "Russia", "type": "bearish", "quote": "it's probably a no-brainer to avoid Russia", "context": "Pabrai strongly advises against investing in Russia", "confidence": 98}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": null, "market": "Zimbabwe", "type": "bearish", "quote": "it's probably a no-brainer to avoid Russia, Zimbabwe", "context": "Zimbabwe, along with Russia, is cited as an investment to avoid", "confidence": 98}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": "Vanguard S&P 500 Index", "market": "USA", "type": "bullish", "quote": "Vanguard is a great way to go. I think you could do S&P 500 index", "context": "Pabrai recommends Vanguard S&P 500 Index Funds to ordinary investors as part of a three-fund strategy", "confidence": 95}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": null, "market": "China", "type": "bearish", "quote": "the average Chinese company has three sets of books", "context": "Despite a positive long-term outlook for China, he warns of a lack of transparency among Chinese companies—it is unclear which financial statements are accurate", "confidence": 92}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": "Russell 2000 Index", "market": "USA", "type": "bullish", "quote": "you could do the Russell 2000", "context": "Recommends the Russell 2000 as a second index alongside the S&P 500", "confidence": 90}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": "Emerging Market Index", "market": "Emerging Markets", "type": "bullish", "quote": "if you wanted to, you could do an emerging market index", "context": "Emerging Markets Index as an optional third component, with one-third allocated to each of the three indices", "confidence": 85}, {"video_title": "“How I’d Get Rich If I Started from Zero!” - Mohnish Pabrai | Stocks | Investment", "id": "LWGU-l-3gcc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai recommends passive index funds (S&P 500, Russell 2000, and emerging markets, each accounting for one-third of the portfolio) to individual investors, warns against investing in Russia and Zimbabwe, and sees governance issues in China and India despite the opportunities there.", "sort_date": "2025-10-23", "company": null, "market": "India", "type": "watching", "quote": "even in Indian companies you have to add another layer", "context": "When dealing with Indian companies, it is particularly important to scrutinize the management's ethos, which is difficult to do from Irvine", "confidence": 75}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Satyam Computers", "market": "India", "type": "sold", "quote": "I sold the entire Indian portfolio in 2000", "context": "In 1995, Pabrai invested $10,000 in Satyam, which grew to $1.4 million by 2000 (a 150-fold return); he then sold all his Indian holdings in 2000", "confidence": 95}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "in 2000, I sold the other three stocks", "context": "Pabrai invested approximately $3,300 in Blue Dart in 1995 and sold his shares in 2000 for no good reason. From 2000 to the present, Blue Dart has risen approximately 300-fold—a missed opportunity", "confidence": 95}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Kotak", "market": "India", "type": "sold", "quote": "I told Kotak, sell these stocks and send me the money back", "context": "Pabrai invested approximately $3,200 in Kotak in 1995 and sold his shares in 2000. From 2000 to the present, Kotak’s stock price has risen approximately 500-fold—he regrets that sale as a mistake", "confidence": 95}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkish market is the cheapest market in the world", "context": "Pabrai sees the Turkish market as the cheapest in the world in 2019 due to macroeconomic problems, high inflation, and capital flight. It reminds him of India in the early 1990s", "confidence": 95}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "owns", "quote": "Abra funds owns 1/3 of that business. We got 1/3 for like $8 million", "context": "In 2019, Pabrai acquired a company in Istanbul with a market capitalization of $20 million but a liquidation value of $600–700 million—essentially buying it for 3 cents on the dollar. Pabrai Funds owns one-third of it.", "confidence": 95}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "owns", "quote": "I have investments in Turkey which has about 80% annual inflation", "context": "Pabrai confirms current investments in Turkey despite high inflation", "confidence": 95}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "bullish", "quote": "focused on businesses where revenues only in euros or dollars and expenses in lira", "context": "His strategy: Companies that earn in hard currency but have costs in lira benefit from devaluation", "confidence": 95}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "owns", "quote": "in one case market cap was 20 million and liquidation value was 700 million", "context": "A specific investment: $20 million market cap with a $700 million liquidation value, now worth nearly $1 billion", "confidence": 95}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "bullish", "quote": "life is great and liquidation value gone up to close to a billion now", "context": "Turkish investments are performing very well, with liquidation value rising sharply", "confidence": 95}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Argentina", "type": "bearish", "quote": "even better answer than that is don't invest in Argentina", "context": "His clear advice: don't invest in Argentina at all", "confidence": 95}, {"video_title": "Portfolio Concentration!", "id": "5w1ejmO5pGo", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio concentration strategy using the 10x10 approach and cites Rakesh Junhunwala’s successful investment in Titan as an example of organic concentration.", "sort_date": "2025-10-21", "company": null, "market": "India", "type": "owns", "quote": "I make investments in the fund, typically ideally it's kind of a 10x10 portfolio", "context": "Pabrai explains his portfolio strategy: typically no more than 10% in any single position, ideally 10 positions of 10% each", "confidence": 95}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Amazon", "market": "US", "type": "bearish", "quote": "count me as a skeptic on the five trillion valuation of Amazon in 20 years", "context": "He argues, using the inversion method, that Amazon's $330 billion market capitalization cannot sustainably grow to $5 trillion—it is too large relative to the overall market", "confidence": 92}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Skypack Courier", "market": "India", "type": "sold", "quote": "Skypack went kind of backwards. I think eventually went bankrupt", "context": "Pabrai invested in Skypack Courier in 1995 and sold his stake in 2000. The company later went bankrupt, incurring a loss of approximately 90%.", "confidence": 90}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "McDonald's", "market": "USA", "type": "bullish", "quote": "north of a 10,000 bagger. Every dollar is worth more than $10,000", "context": "Pabrai uses McDonald's as an example of a \"multi-bagger\"—since its IPO in the 1960s, it has delivered a return of over 10,000x thanks to a strong competitive moat and a long runway", "confidence": 90}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Turkey", "type": "owns", "quote": "there were like 100 investable businesses in Turkey and about three had this dynamic", "context": "He invests in 3 of the 100 investable Turkish companies with euro/dollar revenue", "confidence": 90}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Netflix", "market": "US", "type": "bearish", "quote": "Netflix at 44 billion with 240 million trailing net income, I wouldn't bet Netflix around in 2068", "context": "He says Netflix is overvalued at a P/E ratio of over 200, content costs are a problem, and its long-term chances of survival are slim", "confidence": 88}, {"video_title": "Portfolio Concentration!", "id": "5w1ejmO5pGo", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio concentration strategy using the 10x10 approach and cites Rakesh Junhunwala’s successful investment in Titan as an example of organic concentration.", "sort_date": "2025-10-21", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "Titan has done extremely well over the years going to keep doing well", "context": "Pabrai praises Titan Industries as an example of successful concentration, noting that Rakesh Junhunwala built half his fortune through it", "confidence": 88}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "Titan still has maybe a 50-year run ahead of it", "context": "Pabrai believes that Titan, as an Indian jewelry retailer, has a long road ahead of it in terms of consolidation", "confidence": 88}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Tesla", "market": "US", "type": "bearish", "quote": "Tesla market cap about 30 billion, 4 billion revenue run rate, losing 400 million a year", "context": "He argues that Tesla is massively overvalued—no profits, high capital expenditures required, and GM is two years ahead in the electric car market", "confidence": 85}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Dmart", "market": "India", "type": "bullish", "quote": "Dmart will be a lot larger in 10 or 15 years than it is today", "context": "Pabrai views Dmart (similar to Costco/Aldi) as being in its early stages with a long runway. Statistically, there is a high probability of strong performance, although it is currently trading at a high valuation.", "confidence": 85}, {"video_title": "Investing in Hyperinflationary Economies - Mohnish Pabrai", "id": "8-OcfQnTziY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful Turkey strategy, which focuses on companies that earn in hard currency but have lira-denominated costs, but advises against investing in Argentina", "sort_date": "2025-10-21", "company": null, "market": "Argentina", "type": "bearish", "quote": "with an inflation headwind like Argentina has it's really hard", "context": "Investing in Argentina is difficult due to inflation", "confidence": 85}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": null, "market": "US", "type": "bearish", "quote": "141 unicorns currently with combined value of 500 billion, wouldn't expect most to deliver for investors", "context": "He warns about the 141 unicorns (private companies valued at over $1 billion)—many of them won’t deliver real businesses for investors", "confidence": 83}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "General Motors", "market": "US", "type": "bullish", "quote": "GM has market cap less than Tesla, makes 10 billion in cash flow heading to 12 or 13 billion", "context": "He paints GM in a positive light compared to Tesla—GM is #1 in the U.S. and China, has strong cash flow, is pursuing an aggressive buyback program, and tax losses protect its income", "confidence": 82}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Titan Industries", "market": "India", "type": "watching", "quote": "you should not sell it even when optically overpriced", "context": "Pabrai explains that investors should hold onto Titan even when its stock is trading at high valuations, as long as the business continues to improve", "confidence": 82}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "GoPro", "market": "US", "type": "bearish", "quote": "look at the stock chart on GoPro, what is the situation with GoPro in 2068? no chance", "context": "He says GoPro was overvalued at its peak and won't survive in the long run—it will be \"taken down one by one\"", "confidence": 80}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": null, "market": "India", "type": "bullish", "quote": "private sector banks might be half or two-thirds of the pie in 10 or 20 years", "context": "Pabrai sees Indian private banks as a growth story—currently accounting for about one-third of the banking sector, they could make up half or two-thirds in 10 to 20 years", "confidence": 80}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "that moat is still growing after 130 years", "context": "Pabrai cites Coca-Cola as an example of an extremely durable moat—130 years old, still growing, with very attractive unit economics, much like a software business", "confidence": 80}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Costco", "market": "USA", "type": "watching", "quote": "If Costco went to 200 times earnings, should have been sold", "context": "Pabrai explains that even great businesses should be sold when their valuations become excessive", "confidence": 80}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Uber", "market": "US", "type": "bearish", "quote": "Uber with a 50 billion last round, valuation is one-sixth of Amazon", "context": "He questions Uber's $50 billion valuation—if Amazon is fairly valued, a sixth of that for Uber is questionable", "confidence": 78}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "started Pabrai funds in 99 we did very well actually in the first year", "context": "He mentions that he launched Pabrai Funds in 1999 and made a 70% return in the first year by buying cheap, overlooked stocks", "confidence": 75}, {"video_title": "Approaches to Value Investing - Mohnish Pabrai", "id": "64YLmBV7PvY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his focus on multi-bagger investing, regrets selling Kotak and Blue Dart (missed out on 300-500x returns on each), currently holds a Turkish 3-cent-dollar investment, and is bullish on Indian private banks and Dmart", "sort_date": "2025-10-21", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "You could see this business could grow, there was a lot of room", "context": "Pabrai uses Walmart as an example—in 1980 (eight years after its IPO), it had superior store economics, and large parts of the U.S. still had no access to Walmart", "confidence": 75}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Costco", "market": "USA", "type": "bullish", "quote": "should hold it at 40 times earnings, not sell", "context": "Pabrai cites Costco as an example of a great stock that investors should hold onto even when valuations are high", "confidence": 75}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Facebook", "market": "US", "type": "bearish", "quote": "Facebook north of 200 times earnings", "context": "He lists Facebook as part of the new Nifty50 bubble, with excessively high valuations", "confidence": 72}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Twitter", "market": "US", "type": "bearish", "quote": "Twitter's now at 40% less than peak valuation", "context": "He cites Twitter as an example of bubble stocks that are already correcting—part of the tech bubble", "confidence": 70}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Walmart going for 50 years, these anomalies should not exist", "context": "Pabrai uses Walmart as an example of rare, sustainable competitive advantages that endure for decades", "confidence": 70}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Micron Technology", "market": "US", "type": "bullish", "quote": "Micron currently valued at 20 billion with 3.7 billion in trailing net income", "context": "He cites David Einhorn's view that Micron (now $15 billion) is undervalued compared to Netflix ($44 billion) — implying agreement", "confidence": 68}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Southwest Airlines", "market": "USA", "type": "bullish", "quote": "Southwest Airlines going for 50 years, these anomalies should not exist", "context": "Pabrai cites Southwest as another example of a sustainable moat that, in theory, shouldn't exist", "confidence": 68}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Square", "market": "US", "type": "bearish", "quote": "Square IPOed less than 50% of the value of the last venture round", "context": "He cites Square as an example of a bubble correction—an IPO priced below the last round of venture capital funding is very unusual", "confidence": 65}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Google", "market": "USA", "type": "bullish", "quote": "the index owns Google and rides these things", "context": "Pabrai cites Google as one of the few great companies that generate the bulk of market returns", "confidence": 65}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "the index owns Microsoft and rides these things", "context": "Pabrai cites Microsoft as an example of enduring moats that generate excess returns over the long term", "confidence": 65}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Coca-Cola", "market": "US", "type": "watching", "quote": "the Coca-Colas and Disneys have endured, Coke is still with us", "context": "He points out that non-tech Nifty50 companies like Coke survived while tech Nifty50 companies disappeared—suggesting quality", "confidence": 55}, {"video_title": "How to Identify Stock Market Bubbles – Mohnish Pabrai", "id": "PgIpgJo-ZZk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai warns of the current tech bubble (Nifty50 2.0), citing Amazon, Netflix, and Tesla as overvalued; he views GM and Micron as undervalued and advises avoiding high-flyers.", "sort_date": "2025-10-21", "company": "Disney", "market": "US", "type": "watching", "quote": "Disney is still with us, have made it through", "context": "Just like Coke and Disney, it survived as a non-tech company while tech bubble companies disappeared", "confidence": 55}, {"video_title": "What is the Best Way to Invest in Stock Market? - Mohnish Pabrai", "id": "73wHo5oUkko", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy of buying great businesses with a long runway and holding onto them even at high valuations, illustrated by Rakesh Jhunjhunwala’s Titan Investment and Costco as its American counterpart", "sort_date": "2025-10-21", "company": "Lupin", "market": "India", "type": "unknown", "quote": "Lupin became 25 30% of his business", "context": "Pabrai mentions Lupin Pharma as Rakesh Jhunjhunwala's second long-term hold, without offering his own opinion", "confidence": 45}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "NVR", "market": "USA", "type": "bullish", "quote": "went from $5.50 to about 4,000. 727 bagger. 27% annualized", "context": "Pabrai cites NVR as a prime example of successful share buybacks—the Mid-Atlantic homebuilder repurchased 82% of its shares", "confidence": 95}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Sears", "market": "USA", "type": "bearish", "quote": "eventually declared bankruptcy. Returns are zero. Multiplied by zero is zero", "context": "Another negative example where Eddie Lampert failed despite share buybacks because the business was in decline", "confidence": 95}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Teledyne", "market": "USA", "type": "unknown", "quote": "bought back 90% of shares, stock went up 40x", "context": "A historical example from Henry Singleton—used as a textbook example of brilliant capital allocation", "confidence": 95}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": "Resas", "market": "Turkey", "type": "owns", "quote": "RESA makes up 40% of this fund, invested single-digit millions, went up a lot", "context": "His largest holding in the Pabrai Investment Fund 3—already a 10-bagger but still undervalued", "confidence": 95}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": "Silicon Valley Bank", "market": "US", "type": "sold", "quote": "In a moment of brilliance in 2000 I sold Silicon Valley Bank", "context": "Sold after making a 150% profit in one year; in hindsight, I regret it because it went on to yield 25% annually for the next 23 years", "confidence": 95}, {"video_title": "When This Man Owned 1% Of Ferrari But Sold His Stocks", "id": "dmxp4o-6K4g", "channel": "Financian", "source_url": "", "published_at": "2025-10-20", "recording_date": "2025-10-20", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsangabe im Transkript", "summary": "Pabrai describes his purchase of Fiat Chrysler in 2012 and the subsequent sale of his Ferrari shares as his biggest investment mistake, which cost him about a billion dollars.", "sort_date": "2025-10-20", "company": "Fiat Chrysler Automobiles", "market": "Global", "type": "bought", "quote": "I invested in a company called Fiat Chrysler Automobiles in 2012", "context": "Pabrai bought Fiat Chrysler after the financial crisis, when the company had emerged from bankruptcy and its debts had been cleared", "confidence": 95}, {"video_title": "When This Man Owned 1% Of Ferrari But Sold His Stocks", "id": "dmxp4o-6K4g", "channel": "Financian", "source_url": "", "published_at": "2025-10-20", "recording_date": "2025-10-20", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsangabe im Transkript", "summary": "Pabrai describes his purchase of Fiat Chrysler in 2012 and the subsequent sale of his Ferrari shares as his biggest investment mistake, which cost him about a billion dollars.", "sort_date": "2025-10-20", "company": "Ferrari", "market": "Global", "type": "owns", "quote": "I used to own 1% of Ferrari", "context": "Through his investment in Fiat Chrysler, he indirectly owned 1% of Ferrari, since 80% of Ferrari was held by Fiat Chrysler", "confidence": 95}, {"video_title": "When This Man Owned 1% Of Ferrari But Sold His Stocks", "id": "dmxp4o-6K4g", "channel": "Financian", "source_url": "", "published_at": "2025-10-20", "recording_date": "2025-10-20", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsangabe im Transkript", "summary": "Pabrai describes his purchase of Fiat Chrysler in 2012 and the subsequent sale of his Ferrari shares as his biggest investment mistake, which cost him about a billion dollars.", "sort_date": "2025-10-20", "company": "Ferrari", "market": "Global", "type": "sold", "quote": "in 2017 or 2018 they took Ferrari public and so I sold", "context": "He sold his stake in Ferrari when the company went public in 2017 or 2018—a decision he later regretted", "confidence": 95}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": "Resas", "market": "Turkey", "type": "bullish", "quote": "still cheap, probably sitting at something like one-third of what its liquidation value is", "context": "He sees massive upside potential; the full liquidation value could rise to 250 million with a fund size of 200 million", "confidence": 92}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "IBM", "market": "USA", "type": "bearish", "quote": "business in decline. 2001 to 2022 is zero returns", "context": "Negative example – shows that buybacks do not work for businesses in structural decline", "confidence": 90}, {"video_title": "When This Man Owned 1% Of Ferrari But Sold His Stocks", "id": "dmxp4o-6K4g", "channel": "Financian", "source_url": "", "published_at": "2025-10-20", "recording_date": "2025-10-20", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsangabe im Transkript", "summary": "Pabrai describes his purchase of Fiat Chrysler in 2012 and the subsequent sale of his Ferrari shares as his biggest investment mistake, which cost him about a billion dollars.", "sort_date": "2025-10-20", "company": "Fiat Chrysler Automobiles", "market": "Global", "type": "bullish", "quote": "the stock was very cheap, about 5 or 6 billion for the whole business", "context": "He considered the company to be undervalued, since the entire business could be purchased for just 5 to 6 billion", "confidence": 90}, {"video_title": "When This Man Owned 1% Of Ferrari But Sold His Stocks", "id": "dmxp4o-6K4g", "channel": "Financian", "source_url": "", "published_at": "2025-10-20", "recording_date": "2025-10-20", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum des Videos, keine explizite Datumsangabe im Transkript", "summary": "Pabrai describes his purchase of Fiat Chrysler in 2012 and the subsequent sale of his Ferrari shares as his biggest investment mistake, which cost him about a billion dollars.", "sort_date": "2025-10-20", "company": "Ferrari", "market": "Global", "type": "bearish", "quote": "I would have about a billion more if I had not done that stupid thing", "context": "He calls the sale of Ferrari his worst investment mistake, as it cost him about a billion dollars", "confidence": 90}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": "Resas", "market": "Turkey", "type": "watching", "quote": "if RESA went to its full liquidation value it would become close to 70% of the pie", "context": "He's wondering what to do if the position continues to grow, but he doesn't have a clear answer", "confidence": 88}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "ADP", "market": "USA", "type": "bullish", "quote": "great cannibal candidate. Can't see business going into decline in 20 years", "context": "Pabrai cites ADP as an excellent candidate for a buyback strategy with a stable future", "confidence": 85}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "looks very solid for a very long time", "context": "Considered a stable buyback candidate in the long term", "confidence": 85}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": null, "market": "Turkey", "type": "owns", "quote": "70% about 140 million out of 200 million is three bets", "context": "His Fund 3 has three holdings that together account for 70% of the portfolio; one of them is Resas (40%), and the other two together account for 30%", "confidence": 85}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Apple", "market": "USA", "type": "bullish", "quote": "don't see anything affecting their franchise for 10 years", "context": "Pabrai is convinced that Apple will remain stable for at least 10 years, but is uncertain about the next 20 years", "confidence": 80}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "great cannibal candidate", "context": "Cited as an excellent candidate for a buyback strategy", "confidence": 80}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Union Pacific", "market": "USA", "type": "bullish", "quote": "good chance that railroad is cranking 20 years from now", "context": "A railway company with a high share buyback ratio that Pabrai views as stable in the long term", "confidence": 80}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "AutoZone", "market": "USA", "type": "watching", "quote": "87% of shares bought back, 80 bagger, 20% annualized return", "context": "Another prime example of a successful share buyback, but Pabrai expresses concerns about electric cars and the long-term outlook", "confidence": 75}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "H&R Block", "market": "USA", "type": "bullish", "quote": "probably going to be cranking 20 years from now", "context": "Pabrai believes H&R Block will remain stable for the next 20 years", "confidence": 75}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Alphabet", "market": "USA", "type": "bullish", "quote": "great cannibal candidate", "context": "Is cited as a strong candidate for a buyback strategy", "confidence": 75}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "great cannibal candidate", "context": "Rated as an excellent buyback candidate", "confidence": 75}, {"video_title": "CIRCLE THE WAGONS investing strategy - Mohnish Pabrai", "id": "4VdHm11GBy8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"Circle the Wagons\" strategy using examples of past successes and reveals that his Turkish holding in Resa is already a 10-bagger, accounts for 40% of his fund, and remains massively undervalued.", "sort_date": "2025-10-20", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "still firing on all cylinders and actually even today still embionic in its growth", "context": "Refers to Rakesh Jhunjhunwala’s most successful investment, implying that he still finds the company attractive", "confidence": 75}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "AutoNation", "market": "USA", "type": "watching", "quote": "trading at four times earnings. Maybe something interesting to look at", "context": "Car dealer with an 88% buyback rate, currently trading at a very low valuation—Pabrai hints at a potential opportunity", "confidence": 70}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Illinois Tool Works", "market": "USA", "type": "bullish", "quote": "just because it's like a mini Berkshire", "context": "It is cited as a good candidate for a buyback due to its structure, which is similar to Berkshire's", "confidence": 70}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Jack in the Box", "market": "USA", "type": "watching", "quote": "bought Dell Taco. Converting stores to franchise model", "context": "A restaurant chain that is undergoing restructuring and recently acquired Dell Taco", "confidence": 60}, {"video_title": "Advantages and Disadvantages of Buyback of Shares - Mohnish Pabrai", "id": "SQiUPbz5ARk", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cannibal\" buyback strategy using historical examples and identifies potential candidates with stable long-term prospects", "sort_date": "2025-10-20", "company": "Tencent", "market": "China", "type": "watching", "quote": "maybe not after what's happening in China, but might still be okay", "context": "Uncertainty due to regulatory developments in China", "confidence": 50}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": "Satyam Computers", "market": "India", "type": "sold", "quote": "I sold the entire Indian portfolio in 2000", "context": "In 1995, Pabrai invested $10,000 in Satyam, which grew to approximately $1.4 million by 2000 (a 150-fold return); he then sold his entire stake", "confidence": 95}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": "Blue Dart", "market": "India", "type": "sold", "quote": "I sold these stocks in 2000, there was no really good reason", "context": "Pabrai bought Blue Dart in 1995 for about $3,300, sold it in 2000 for no good reason—and has missed out on a 300x return to date", "confidence": 95}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": "Kotak", "market": "India", "type": "sold", "quote": "I sold these stocks in 2000, there was no really good reason", "context": "Pabrai bought Kotak in 1995 for about $3,300 because he was impressed by the staff; he sold it in 2000—missing out on a 500x return", "confidence": 95}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": "Skypack Courier", "market": "India", "type": "sold", "quote": "I sold these stocks in 2000", "context": "Pabrai bought Skypack in 1995 for approximately $3,300 based on his thesis on private courier services; he sold it in 2000—the company later went bankrupt", "confidence": 92}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": "D-Mart", "market": "India", "type": "bullish", "quote": "demart will be a lot larger in 10 or 15 years than it is today", "context": "Pabrai sees D-Mart as an example of a company with a long runway and a high probability of strong growth", "confidence": 82}, {"video_title": "“4 Clues to Find 100x Stocks!” - Mohnish Pabrai | Stocks | Investment | Multibagger", "id": "tlhAjZSd3dA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"multibagger\" framework and shares details of his investments in India dating back to 1995 (Satyam 150x, missed out on Kotak 500x, and Blue Dart 300x due to an early sale in 2000); he views D-Mart and private Indian banks as current opportunities", "sort_date": "2025-10-19", "company": null, "market": "India", "type": "bullish", "quote": "private sector banks in India might do well", "context": "Pabrai expects private banks to increase their market share from about one-third to one-half or two-thirds", "confidence": 78}, {"video_title": "One of My Biggest Mistakes in Investing – Mohnish Pabrai", "id": "Gqm0Rg0kLZw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai regrets selling Ferrari and Maai and explains that his biggest mistake was selling great companies simply because they seemed overvalued.", "sort_date": "2025-10-18", "company": "Ferrari", "market": "Unknown", "type": "sold", "quote": "One of my biggest regrets is the sale of Ferrari", "context": "Pabrai regrets selling his Ferrari shares, which he bought in 2012 for less than $15 and are now worth over $300—more than 20 times their original value in 11 years", "confidence": 95}, {"video_title": "One of My Biggest Mistakes in Investing – Mohnish Pabrai", "id": "Gqm0Rg0kLZw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai regrets selling Ferrari and Maai and explains that his biggest mistake was selling great companies simply because they seemed overvalued.", "sort_date": "2025-10-18", "company": "Maai", "market": "Unknown", "type": "sold", "quote": "One of my biggest regrets is the sale of Maai", "context": "Pabrai also regrets selling Maai, another iconic company that made him a lot of money", "confidence": 92}, {"video_title": "One of My Biggest Mistakes in Investing – Mohnish Pabrai", "id": "Gqm0Rg0kLZw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai regrets selling Ferrari and Maai and explains that his biggest mistake was selling great companies simply because they seemed overvalued.", "sort_date": "2025-10-18", "company": "Fiat (Ferrari owner)", "market": "Unknown", "type": "bought", "quote": "In 2012 when I originally invested in a company that owned Ferrari, effective price was less than $15", "context": "In 2012, Pabrai bought a company owned by Ferrari (presumably Fiat) at an effective price of less than $15 per Ferrari share", "confidence": 90}, {"video_title": "One of My Biggest Mistakes in Investing – Mohnish Pabrai", "id": "Gqm0Rg0kLZw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai regrets selling Ferrari and Maai and explains that his biggest mistake was selling great companies simply because they seemed overvalued.", "sort_date": "2025-10-18", "company": "Ferrari", "market": "Unknown", "type": "bullish", "quote": "iconic one of the one-of-a-kind very unusual companies", "context": "Pabrai describes Ferrari as iconic and unique, a business that should never be sold", "confidence": 88}, {"video_title": "Think Like an Entrepreneur When Investing - Mohnish Pabrai", "id": "KD_4dYDleyw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that investors should think like entrepreneurs—holding onto investments for the long term without needing control—citing Walmart, IKEA, and Google as examples", "sort_date": "2025-10-18", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Walton family held Walmart from 1970 till today with no control", "context": "Pabrai uses Walmart as an example of a long-term holding without control, implying that this is a good investment model", "confidence": 75}, {"video_title": "Think Like an Entrepreneur When Investing - Mohnish Pabrai", "id": "KD_4dYDleyw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that investors should think like entrepreneurs—holding onto investments for the long term without needing control—citing Walmart, IKEA, and Google as examples", "sort_date": "2025-10-18", "company": "Google", "market": "USA", "type": "bullish", "quote": "Google guys stepped aside but kept their stake perfectly", "context": "Pabrai points out that the Google founders retained their shares even after stepping down—suggesting long-term value", "confidence": 72}, {"video_title": "Think Like an Entrepreneur When Investing - Mohnish Pabrai", "id": "KD_4dYDleyw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that investors should think like entrepreneurs—holding onto investments for the long term without needing control—citing Walmart, IKEA, and Google as examples", "sort_date": "2025-10-18", "company": "IKEA", "market": "Global", "type": "bullish", "quote": "IKEA guy put entire company into foundation, 99.99% of net worth was IKEA", "context": "An example of an entrepreneur who remained fully committed to his business—Pabrai uses this as a model for investors", "confidence": 70}, {"video_title": "Investing in the Steel Industry - IPSCO Thesis - Mohnish Pabrai", "id": "gJ3v8tcfq8w", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful IPSCO investment (2004–2005), in which he bought at $42 and sold at $155, based on guaranteed cash flow despite cyclical uncertainty", "sort_date": "2025-10-17", "company": "IPSCO", "market": "Canada", "type": "sold", "quote": "I wake up one morning stock at 155, Swedish company offers 160, I just sold everything", "context": "It sold immediately at $155 when a Swedish company made a takeover bid of $160, about 15 months after the purchase", "confidence": 98}, {"video_title": "Pabrai Funds during the Dot-Com Bubble - Mohnish Pabrai", "id": "N7d_t8APsaQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes how he completely shifted his focus from tech to deep value in 1999, bought boring, undervalued companies, and achieved an annual return of 37% from 1999 to 2007 while the tech bubble burst", "sort_date": "2025-10-17", "company": null, "market": "US", "type": "bought", "quote": "I bought a funeral home for two times earnings", "context": "An example of his deep-value strategy during the tech bubble—he bought a funeral home for 2x earnings", "confidence": 95}, {"video_title": "Investing in the Steel Industry - IPSCO Thesis - Mohnish Pabrai", "id": "gJ3v8tcfq8w", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful IPSCO investment (2004–2005), in which he bought at $42 and sold at $155, based on guaranteed cash flow despite cyclical uncertainty", "sort_date": "2025-10-17", "company": "IPSCO", "market": "Canada", "type": "bought", "quote": "I made a stock investment in 2004 in IPSCO at 42", "context": "I bought the stock at $42 with the plan to hold it for two years, since it would generate $45 in cash", "confidence": 95}, {"video_title": "Investing in Funeral Homes - Mohnish Pabrai", "id": "r7FYU3OV_-M", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes a successful trade from over 20 years ago in which he bought shares in a funeral services company at a P/E ratio of 2 and saw the price rise from $2 to $10 per share within 12 to 18 months.", "sort_date": "2025-10-17", "company": null, "market": "USA", "type": "bought", "quote": "I bought the stock and I was buying at $2 a share", "context": "More than 20 years ago, Pabrai bought shares in two funeral services companies that were trading at a P/E ratio of 2, purchasing them at $2 per share", "confidence": 95}, {"video_title": "Investing in Funeral Homes - Mohnish Pabrai", "id": "r7FYU3OV_-M", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes a successful trade from over 20 years ago in which he bought shares in a funeral services company at a P/E ratio of 2 and saw the price rise from $2 to $10 per share within 12 to 18 months.", "sort_date": "2025-10-17", "company": null, "market": "USA", "type": "sold", "quote": "about a year later, it was $10 a share, we were in and out in about a year or 18 months", "context": "He sold the Funeral Home shares after 12 to 18 months at around $10 per share, having bought them at $2", "confidence": 95}, {"video_title": "Pabrai Funds during the Dot-Com Bubble - Mohnish Pabrai", "id": "N7d_t8APsaQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes how he completely shifted his focus from tech to deep value in 1999, bought boring, undervalued companies, and achieved an annual return of 37% from 1999 to 2007 while the tech bubble burst", "sort_date": "2025-10-17", "company": null, "market": "US", "type": "bullish", "quote": "looking for companies which had very stable cash flows and operations extremely boring", "context": "His strategy from 1999 to 2007: Focus on unremarkable companies with stable cash flows, classic Ben Graham deep value", "confidence": 92}, {"video_title": "Pabrai Funds during the Dot-Com Bubble - Mohnish Pabrai", "id": "N7d_t8APsaQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes how he completely shifted his focus from tech to deep value in 1999, bought boring, undervalued companies, and achieved an annual return of 37% from 1999 to 2007 while the tech bubble burst", "sort_date": "2025-10-17", "company": "Pets.com", "market": "US", "type": "bearish", "quote": "by the middle of 99, I was very convinced that this thing was going to end badly", "context": "Pabrai recognized the tech bubble in mid-1999 and completely avoided companies like Pets.com", "confidence": 90}, {"video_title": "Investing in Funeral Homes - Mohnish Pabrai", "id": "r7FYU3OV_-M", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes a successful trade from over 20 years ago in which he bought shares in a funeral services company at a P/E ratio of 2 and saw the price rise from $2 to $10 per share within 12 to 18 months.", "sort_date": "2025-10-17", "company": null, "market": "USA", "type": "bullish", "quote": "funeral homes are a great business, very stable business with very predictable cash flows", "context": "Pabrai is generally bullish on the funeral home business model due to its low default rate, recurring revenue, and pricing power", "confidence": 90}, {"video_title": "Pabrai Funds during the Dot-Com Bubble - Mohnish Pabrai", "id": "N7d_t8APsaQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes how he completely shifted his focus from tech to deep value in 1999, bought boring, undervalued companies, and achieved an annual return of 37% from 1999 to 2007 while the tech bubble burst", "sort_date": "2025-10-17", "company": null, "market": "US", "type": "bought", "quote": "basic brick and mortar businesses got very cheap, funeral homes, steel mills", "context": "Pabrai bought traditional businesses (funeral homes, steel mills) that had become extremely cheap during the tech bubble", "confidence": 85}, {"video_title": "Investing in the Steel Industry - IPSCO Thesis - Mohnish Pabrai", "id": "gJ3v8tcfq8w", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his successful IPSCO investment (2004–2005), in which he bought at $42 and sold at $155, based on guaranteed cash flow despite cyclical uncertainty", "sort_date": "2025-10-17", "company": null, "market": "Steel Industry", "type": "bullish", "quote": "the model was low risk and high uncertainty", "context": "His investment strategy at IPSCO focused on minimizing risk by generating cash flow, despite significant uncertainty regarding future earnings", "confidence": 85}, {"video_title": "Pabrai Funds during the Dot-Com Bubble - Mohnish Pabrai", "id": "N7d_t8APsaQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes how he completely shifted his focus from tech to deep value in 1999, bought boring, undervalued companies, and achieved an annual return of 37% from 1999 to 2007 while the tech bubble burst", "sort_date": "2025-10-17", "company": "Berkshire Hathaway", "market": "US", "type": "bought", "quote": "Berkshire Hathaway hit a multi-year low... got like single-digit multiples", "context": "Pabrai bought Berkshire during the dot-com crash when it was very cheap, trading at single-digit multiples", "confidence": 75}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "bought", "quote": "$20 million investment in Ferrari in 2012", "context": "In 2012, Pabrai invested approximately $20 million in Ferrari, which had a market capitalization of $1.5–2 billion", "confidence": 98}, {"video_title": "AI in Investing - Mohnish Pabrai", "id": "JiMRxu4nuAE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the limitations of AI in investing and explains his in-depth research method using his 7-month study of the coal industry as an example.", "sort_date": "2025-10-16", "company": null, "market": "Coal", "type": "watching", "quote": "last year I was studying the coal industry. I spent 7 months only reading and studying coal", "context": "Pabrai spent seven months studying the coal industry, visited four coal mines, and spent about 10 days with miners. He continues to study the industry.", "confidence": 95}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "owns", "quote": "I owned when it was one and a half billion", "context": "Pabrai owns Ferrari shares and holds them in his portfolio for the long term", "confidence": 95}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "bullish", "quote": "It's like about a 2030 bagger already on a significant base", "context": "Ferrari has already become a 20- to 30-bagger since his investment, and he expects further growth", "confidence": 95}, {"video_title": "Investing in Auto Dealerships Thesis - Mohnish Pabrai", "id": "PgDTaEzGGw4", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is currently analyzing publicly traded auto dealers and believes they are undervalued because the market is overestimating the threat posed by EVs—his research shows that EVs will require significant servicing.", "sort_date": "2025-10-16", "company": null, "market": "USA", "type": "watching", "quote": "publicly traded car dealerships, which is a rabbit hole I'm currently in", "context": "Pabrai is currently analyzing publicly traded auto dealers as an investment thesis, based on the assumption that the market is overestimating the threat posed by EVs", "confidence": 95}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "bullish", "quote": "20 or 30 years from now moat will be wider and deeper", "context": "Pabrai believes Ferrari's competitive advantage will grow even stronger in the long term", "confidence": 92}, {"video_title": "Investing in Auto Dealerships Thesis - Mohnish Pabrai", "id": "PgDTaEzGGw4", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is currently analyzing publicly traded auto dealers and believes they are undervalued because the market is overestimating the threat posed by EVs—his research shows that EVs will require significant servicing.", "sort_date": "2025-10-16", "company": null, "market": "USA", "type": "bullish", "quote": "EVs do need a lot of parts and service", "context": "His analysis shows that, contrary to market opinion, EVs require significant servicing (battery modules $7,000, complete pack $25,000), which supports the business model of dealerships", "confidence": 92}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "owns", "quote": "stick it into the bottom drawer and forget about it", "context": "He plans to keep Ferrari in the long term and not sell it", "confidence": 90}, {"video_title": "Investing in Auto Dealerships Thesis - Mohnish Pabrai", "id": "PgDTaEzGGw4", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai is currently analyzing publicly traded auto dealers and believes they are undervalued because the market is overestimating the threat posed by EVs—his research shows that EVs will require significant servicing.", "sort_date": "2025-10-16", "company": null, "market": "USA", "type": "bullish", "quote": "valuations of these big guys is based on those assumptions being true", "context": "He believes large car dealerships are undervalued because the market mistakenly assumes that the parts and service business will disappear due to EVs", "confidence": 88}, {"video_title": "Investing in Ferrari - Mohnish Pabrai", "id": "891A5CmwakI", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "In 2012, Pabrai invested $20 million in Ferrari, which had a market capitalization of $1.5–2 billion; he continues to hold the stock and sees enormous long-term potential due to its unique competitive advantage as a luxury brand for wealthy men.", "sort_date": "2025-10-16", "company": "Ferrari", "market": "Global", "type": "bullish", "quote": "If at some point it's a 100 bagger is $2 billion", "context": "He believes a 100-bagger scenario is possible, which would see his investment grow to 2 billion", "confidence": 85}, {"video_title": "Berkshire´s 12 Great Decisions - Mohnish Pabrai", "id": "bwsTfydEsvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why even Buffett has had only 12 major winners in 58 years and explains that differentiated views take time to develop and arise through continuous learning.", "sort_date": "2025-10-16", "company": "Apple", "market": "USA", "type": "bullish", "quote": "the Apple investment is a brand investment... 40 or 50 years in the making", "context": "Pabrai sees Apple as a continuation of Buffett's understanding of branding, which began with See's Candy", "confidence": 85}, {"video_title": "Berkshire´s 12 Great Decisions - Mohnish Pabrai", "id": "bwsTfydEsvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why even Buffett has had only 12 major winners in 58 years and explains that differentiated views take time to develop and arise through continuous learning.", "sort_date": "2025-10-16", "company": "Burlington Northern Railway", "market": "USA", "type": "bullish", "quote": "Warren made an investment in Burlington Northern Railway... then made an offer to buy the whole company", "context": "Buffett changed his negative view of railroads after recognizing efficiency improvements (double-stack cars, diesel efficiency)", "confidence": 82}, {"video_title": "Berkshire´s 12 Great Decisions - Mohnish Pabrai", "id": "bwsTfydEsvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why even Buffett has had only 12 major winners in 58 years and explains that differentiated views take time to develop and arise through continuous learning.", "sort_date": "2025-10-16", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "the coke investment actually took about two decades to figure out", "context": "The See's Candy experience led to Buffett's investment in Coca-Cola in the late 1980s, once he had come to understand brands", "confidence": 80}, {"video_title": "When to Sell a Stock - Mohnish Pabrai", "id": "73H_69YK6VA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his selling strategy: hold great companies when they are fairly and moderately overvalued, and sell only when they are extremely overvalued; he also describes how two 100-baggers brought him financial independence in 1995", "sort_date": "2025-10-16", "company": "Microsoft", "market": "Unknown", "type": "sold", "quote": "when things get egregious, we need to do something", "context": "Pabrai sells when stocks are extremely overvalued; he cites Microsoft as an example of egregious overvaluation", "confidence": 75}, {"video_title": "Berkshire´s 12 Great Decisions - Mohnish Pabrai", "id": "bwsTfydEsvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why even Buffett has had only 12 major winners in 58 years and explains that differentiated views take time to develop and arise through continuous learning.", "sort_date": "2025-10-16", "company": "See's Candy", "market": "USA", "type": "bullish", "quote": "huge learning for them to really they were actually in shock that there was no drop in volumes", "context": "Pabrai explains how Buffett's experience with See's Candy's pricing power helped him understand brands as an investment category", "confidence": 75}, {"video_title": "When to Sell a Stock - Mohnish Pabrai", "id": "73H_69YK6VA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his selling strategy: hold great companies when they are fairly and moderately overvalued, and sell only when they are extremely overvalued; he also describes how two 100-baggers brought him financial independence in 1995", "sort_date": "2025-10-16", "company": "Microsoft", "market": "Unknown", "type": "bullish", "quote": "Microsoft morphs into a leader in AI", "context": "He sees Microsoft as an example of positive surprises resulting from AI leadership", "confidence": 70}, {"video_title": "When to Sell a Stock - Mohnish Pabrai", "id": "73H_69YK6VA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his selling strategy: hold great companies when they are fairly and moderately overvalued, and sell only when they are extremely overvalued; he also describes how two 100-baggers brought him financial independence in 1995", "sort_date": "2025-10-16", "company": "Google", "market": "Unknown", "type": "bullish", "quote": "Google buys YouTube, Google buys Android, these are home runs", "context": "He praises Google's strategic acquisitions as examples of excellent management decisions", "confidence": 70}, {"video_title": "Berkshire´s 12 Great Decisions - Mohnish Pabrai", "id": "bwsTfydEsvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes why even Buffett has had only 12 major winners in 58 years and explains that differentiated views take time to develop and arise through continuous learning.", "sort_date": "2025-10-16", "company": "GEICO", "market": "USA", "type": "bullish", "quote": "they had the second anomaly in Geico showing up which is more brand insurance", "context": "Pabrai cites GEICO as one of Berkshire's unusually successful insurance investments", "confidence": 70}, {"video_title": "When to Sell a Stock - Mohnish Pabrai", "id": "73H_69YK6VA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his selling strategy: hold great companies when they are fairly and moderately overvalued, and sell only when they are extremely overvalued; he also describes how two 100-baggers brought him financial independence in 1995", "sort_date": "2025-10-16", "company": "Amazon", "market": "Unknown", "type": "bullish", "quote": "Amazon morphs into web services", "context": "He cites Amazon as an example of a great company that can deliver positive surprises through AWS", "confidence": 65}, {"video_title": "Compounding - The Rule of 72 - Mohnish Pabrai", "id": "5QEQKP5nUz8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Rule of 72 and the power of compounding, and recommends that young people invest early in index funds like Vanguard and let them grow over the long term", "sort_date": "2025-10-15", "company": "Vanguard Index Fund", "market": "USA", "type": "bullish", "quote": "Let it be boring. Let it be a stupid index fund, Vanguard and whatever.", "context": "Pabrai consistently recommends that young people invest in boring index funds like Vanguard and let those investments run alongside their other ventures", "confidence": 85}, {"video_title": "Compounding - The Rule of 72 - Mohnish Pabrai", "id": "5QEQKP5nUz8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Rule of 72 and the power of compounding, and recommends that young people invest early in index funds like Vanguard and let them grow over the long term", "sort_date": "2025-10-15", "company": null, "market": "USA", "type": "bullish", "quote": "The tortoise is going to win the race", "context": "Pabrai argues that consistent, long-term investing in index funds leads to success through the power of compounding, even without spectacular individual investments", "confidence": 80}, {"video_title": "Nick Sleep Investment on Amazon - Mohnish Pabrai", "id": "FMS_7WYK4H0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Nick Sleep's successful Amazon investment strategy and the importance of holding concentrated positions in great companies over the long term", "sort_date": "2025-10-15", "company": "Amazon", "market": "US", "type": "watching", "quote": "every time I would take a cursory glance at Amazon it looked very expensive", "context": "Pabrai explains why he didn't buy Amazon even though he understood the business—it seemed too expensive on a P/E basis", "confidence": 75}, {"video_title": "Compounding - The Rule of 72 - Mohnish Pabrai", "id": "5QEQKP5nUz8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Rule of 72 and the power of compounding, and recommends that young people invest early in index funds like Vanguard and let them grow over the long term", "sort_date": "2025-10-15", "company": null, "market": "USA", "type": "bullish", "quote": "That index has done 10% a year", "context": "Pabrai uses the historical 10% annual return on index funds as the basis for his 42-year compound interest example", "confidence": 75}, {"video_title": "Buy and Hold Great Business - Mohnish Pabrai", "id": "RTjxB_zqOQU", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of a long-term buy-and-hold approach to exceptional businesses and cites Nick Sleep’s successful strategy with Amazon, Costco, and Berkshire as an example", "sort_date": "2025-10-15", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "Nick Sleep put one third into Amazon, trounced the S&P doing nothing", "context": "Pabrai praises Nick Sleep's strategy of holding onto Amazon for the long term as an example of a successful buy-and-hold strategy for great businesses", "confidence": 75}, {"video_title": "Buy and Hold Great Business - Mohnish Pabrai", "id": "RTjxB_zqOQU", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of a long-term buy-and-hold approach to exceptional businesses and cites Nick Sleep’s successful strategy with Amazon, Costco, and Berkshire as an example", "sort_date": "2025-10-15", "company": "Costco", "market": "USA", "type": "bullish", "quote": "Nick Sleep put one third into Costco, trounced the S&P doing nothing", "context": "Pabrai cites Costco as one of three investments in Nick Sleep's successful buy-and-hold strategy since 2012/2014", "confidence": 75}, {"video_title": "Buy and Hold Great Business - Mohnish Pabrai", "id": "RTjxB_zqOQU", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of a long-term buy-and-hold approach to exceptional businesses and cites Nick Sleep’s successful strategy with Amazon, Costco, and Berkshire as an example", "sort_date": "2025-10-15", "company": "Berkshire", "market": "USA", "type": "bullish", "quote": "Nick Sleep put one third into Berkshire, trounced the S&P doing nothing", "context": "Pabrai highlights Berkshire as one of Nick Sleep's three long-term holdings that have outperformed the S&P", "confidence": 75}, {"video_title": "Nick Sleep Investment on Amazon - Mohnish Pabrai", "id": "FMS_7WYK4H0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Nick Sleep's successful Amazon investment strategy and the importance of holding concentrated positions in great companies over the long term", "sort_date": "2025-10-15", "company": "Amazon", "market": "US", "type": "bullish", "quote": "Nick was going to put 1/3 Amazon, very built to last businesses", "context": "Pabrai highlights Amazon as one of Nick Sleep's three core investments, describing it as a sustainable business", "confidence": 70}, {"video_title": "Buy and Hold Great Business - Mohnish Pabrai", "id": "RTjxB_zqOQU", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of a long-term buy-and-hold approach to exceptional businesses and cites Nick Sleep’s successful strategy with Amazon, Costco, and Berkshire as an example", "sort_date": "2025-10-15", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "possible to ride their coattails even having 100 or thousand shares", "context": "Pabrai cites Walmart as an example of a great business where investors can profit in the long term without being the founder", "confidence": 70}, {"video_title": "Nick Sleep Investment on Amazon - Mohnish Pabrai", "id": "FMS_7WYK4H0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Nick Sleep's successful Amazon investment strategy and the importance of holding concentrated positions in great companies over the long term", "sort_date": "2025-10-15", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "Nick was going to put 1/3 Berkshire, very built to last businesses", "context": "Pabrai speaks highly of Nick Sleep's portfolio strategy, which includes Berkshire as one of three core holdings", "confidence": 65}, {"video_title": "Nick Sleep Investment on Amazon - Mohnish Pabrai", "id": "FMS_7WYK4H0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Nick Sleep's successful Amazon investment strategy and the importance of holding concentrated positions in great companies over the long term", "sort_date": "2025-10-15", "company": "Costco", "market": "US", "type": "bullish", "quote": "Nick was going to put 1/3 Costco, very built to last businesses", "context": "Pabrai names Costco as the third core holding in Nick Sleep's concentrated strategy following the fund's closure", "confidence": 65}, {"video_title": "Nick Sleep Investment on Amazon - Mohnish Pabrai", "id": "FMS_7WYK4H0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Nick Sleep's successful Amazon investment strategy and the importance of holding concentrated positions in great companies over the long term", "sort_date": "2025-10-15", "company": "Walmart", "market": "US", "type": "bullish", "quote": "Waltons have kept the Walmart stock, almost entire net worth in single stock", "context": "Pabrai cites Walmart as a positive example of holding a great company for the long term", "confidence": 60}, {"video_title": "Why a 10 Stock Portfolio is All You Need | Mohnish Pabrai | Stocks | Investment", "id": "y0D5rTyAKz8", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his portfolio strategy of 10 diversified positions, each capped at 10%, and corrects an earlier error regarding the Kelly formula from his book", "sort_date": "2025-10-15", "company": null, "market": "Las Vegas", "type": "bearish", "quote": "Vegas would go to zero customers for several weeks in a row", "context": "Pabrai uses Vegas as an example of unpredictable extreme events that can affect investments", "confidence": 45}, {"video_title": "Mohnish Pabrai’s Fireside chat with Ben Graham Centre on October 14, 2025", "id": "fW9j-mDNVt8", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-12-10", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Fireside chat with Ben Graham Centre on October 14, 2025", "summary": "Pabrai mainly discusses his cloning philosophy and the Dakshana Foundation, mentioning two large concentrated positions (70% of a fund) that he intends to hold for the long term", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "bullish", "quote": "We are not going to be diversifying away from these businesses. We're not going to be selling", "context": "He won't diversify or sell these two holdings because they are undervalued and have good managers", "confidence": 98}, {"video_title": "Mohnish Pabrai’s Fireside chat with Ben Graham Centre on October 14, 2025", "id": "fW9j-mDNVt8", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-12-10", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Fireside chat with Ben Graham Centre on October 14, 2025", "summary": "Pabrai mainly discusses his cloning philosophy and the Dakshana Foundation, mentioning two large concentrated positions (70% of a fund) that he intends to hold for the long term", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "owns", "quote": "I have two businesses in one of my funds close to 70% of the portfolio", "context": "Pabrai owns two unnamed companies that account for nearly 70% of one of his funds, and he has no plans to sell", "confidence": 95}, {"video_title": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "id": "HnEhXzFHtsk", "channel": "MONEY X VICTORY", "source_url": "", "published_at": "2025-11-03", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "summary": "Pabrai discusses his \"cloning\" philosophy and mentions that he holds two undervalued companies with strong management teams, which account for 70% of a fund and will not be sold", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "owns", "quote": "I have two businesses in one of my funds close to 70% of the portfolio", "context": "Pabrai holds two companies that account for 70% of one of his funds and does not plan to sell them because they are undervalued and have good managers", "confidence": 95}, {"video_title": "Water the Flowers, Cut the Weeds - Mohnish Pabrai", "id": "Wb3FSy7MjaA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Buffett's philosophy of 12 good ideas over 58 years and reflects on his own mistake of selling good companies too early because they seemed expensive.", "sort_date": "2025-10-14", "company": null, "market": "Unknown", "type": "sold", "quote": "I have repeatedly sold good businesses because they appeared expensive and I was always wrong", "context": "Pabrai describes a recurring mistake in his career: selling good companies because they seemed expensive", "confidence": 95}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": "Warrior Met Coal", "market": "United States", "type": "bullish", "quote": "If you're paying 2 and a half billion for a business and those are the numbers, where do I sign?", "context": "Pabrai finds the valuation at a market cap of $2.5 billion extremely attractive given the cash flow potential of $300 million to $2 billion.", "confidence": 95}, {"video_title": "Position Sizing - Heavy Concentration should be OK - Mohnish Pabrai", "id": "TlF7U2gZpvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for a highly concentrated portfolio and explains his Turkey investment strategy, which resulted in a 40–50% allocation within the portfolio.", "sort_date": "2025-10-14", "company": null, "market": "Turkey", "type": "bought", "quote": "we buy something at 2% liquidation value in Turkey like we did", "context": "Pabrai bought something in Turkey at 2% of its liquidation value, which now accounts for 40–50% of the portfolio", "confidence": 95}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": null, "market": "United States", "type": "owns", "quote": "large chunk of my money is in index funds", "context": "Pabrai invests a large portion of his wealth in U.S. index funds rather than in individual stocks", "confidence": 95}, {"video_title": "Investing in Nvidia goes to the Too Hard Pile - Mohnish Pabrai", "id": "abFenBUvwA0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Nvidia and Tesla belong in his \"too hard pile\" because he cannot predict their future cash flows with confidence, but emphasizes that with 50,000 global stocks, there are plenty of other opportunities", "sort_date": "2025-10-14", "company": "Nvidia", "market": "Unknown", "type": "bearish", "quote": "Nvidia goes in the too hard pile", "context": "Pabrai cannot predict Nvidia's cash flows for the next 5 to 15 years with a high degree of confidence and therefore does not invest", "confidence": 95}, {"video_title": "Investing in Nvidia goes to the Too Hard Pile - Mohnish Pabrai", "id": "abFenBUvwA0", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Nvidia and Tesla belong in his \"too hard pile\" because he cannot predict their future cash flows with confidence, but emphasizes that with 50,000 global stocks, there are plenty of other opportunities", "sort_date": "2025-10-14", "company": "Tesla", "market": "Unknown", "type": "bearish", "quote": "Tesla definitely too hard pile", "context": "Despite being recognized as a great company and having respect for Elon Musk, the valuation does not align with current cash flows", "confidence": 95}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": "Warrior Met Coal", "market": "United States", "type": "bullish", "quote": "Their mines are some of the best metallological coal mines in North America", "context": "According to Pabrai, Warrior owns some of the best metallurgical coal mines in North America, with the lowest production costs", "confidence": 93}, {"video_title": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "id": "HnEhXzFHtsk", "channel": "MONEY X VICTORY", "source_url": "", "published_at": "2025-11-03", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "summary": "Pabrai discusses his \"cloning\" philosophy and mentions that he holds two undervalued companies with strong management teams, which account for 70% of a fund and will not be sold", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "bullish", "quote": "We are not diversifying away from these businesses not selling because they're undervalued good managers", "context": "He emphasizes that these two stocks are undervalued and have strong management, which is why he is staying focused rather than diversifying", "confidence": 92}, {"video_title": "Why Coca-Cola Prints Cash Like No Other Company! | Mohnish Pabrai | Stocks | Investment", "id": "kFzJRJ-HkXA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Coca-Cola is more resilient than Microsoft thanks to its unique global beverage distribution network and is a good long-term holding", "sort_date": "2025-10-14", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "Coke is more resilient than a business like Microsoft because of that pipe", "context": "Pabrai explains that Coke's global beverage distribution network is difficult to replicate, making the business model very resilient", "confidence": 92}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": "Warrior Met Coal", "market": "United States", "type": "owns", "quote": "I visited them a few times and a wonderful actually truly exceptional management team", "context": "Pabrai has visited Warrior on several occasions and has spoken very highly of its management, which suggests an investment", "confidence": 92}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": "Warrior Met Coal", "market": "United States", "type": "bullish", "quote": "extremely unlikely to ever have a money losing year", "context": "Pabrai views Warrior as a debt-free business that will virtually never incur losses due to its low position on the cost curve", "confidence": 90}, {"video_title": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "id": "HnEhXzFHtsk", "channel": "MONEY X VICTORY", "source_url": "", "published_at": "2025-11-03", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai at EU Value Investing Conference Lisbon October 14th, 2025", "summary": "Pabrai discusses his \"cloning\" philosophy and mentions that he holds two undervalued companies with strong management teams, which account for 70% of a fund and will not be sold", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "owns", "quote": "portfolio is going to be 95% one stock if the job is done right", "context": "Pabrai explains his philosophy that an optimally managed portfolio should be 95% invested in a great company when both management and the business are excellent", "confidence": 88}, {"video_title": "Why Coca-Cola Prints Cash Like No Other Company! | Mohnish Pabrai | Stocks | Investment", "id": "kFzJRJ-HkXA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Coca-Cola is more resilient than Microsoft thanks to its unique global beverage distribution network and is a good long-term holding", "sort_date": "2025-10-14", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "there's only like two, three players in the world that have enough bandwidth on that pipe", "context": "Pabrai emphasizes the competitive advantage provided by the distribution network, which few competitors have", "confidence": 88}, {"video_title": "Never use Excel for Investing - Mohnish Pabrai", "id": "DYvMpRsRPcE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that good investments don't require Excel models; they simply need to be simple enough to calculate in your head and explain to a 10-year-old", "sort_date": "2025-10-14", "company": "Frontline", "market": "International", "type": "owns", "quote": "Did I need Excel for front line? No", "context": "Pabrai refers to his own investment in Frontline, based on an analysis of the ships' liquidation value", "confidence": 85}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "India", "type": "bullish", "quote": "places like India have huge appetites for iron and steel that cannot be fulfilled by recycling", "context": "India has an enormous demand for iron and steel that cannot be met through recycling, as well as long-term demand for coking coal", "confidence": 85}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "China", "type": "bullish", "quote": "places like China have huge appetites for iron and steel that cannot be fulfilled by recycling", "context": "China has an enormous demand for iron and steel that cannot be met through recycling; it needs metallurgical coal", "confidence": 85}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "Google", "market": "United States", "type": "bullish", "quote": "index is too dumb to know it owns Google and too dumb to ever sell it", "context": "Pabrai praises the discipline of index funds that hold Google for the long term, in contrast to individual investors who trade too much", "confidence": 85}, {"video_title": "Why Coca-Cola Prints Cash Like No Other Company! | Mohnish Pabrai | Stocks | Investment", "id": "kFzJRJ-HkXA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Coca-Cola is more resilient than Microsoft thanks to its unique global beverage distribution network and is a good long-term holding", "sort_date": "2025-10-14", "company": "Coca-Cola", "market": "USA", "type": "owns", "quote": "you can have Coke and think like Harriet, give Alex the dividend to go have fun with", "context": "Pabrai uses Coke as an example of a long-term holding where you can live off the dividends without touching the principal", "confidence": 75}, {"video_title": "Never use Excel for Investing - Mohnish Pabrai", "id": "DYvMpRsRPcE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that good investments don't require Excel models; they simply need to be simple enough to calculate in your head and explain to a 10-year-old", "sort_date": "2025-10-14", "company": null, "market": "International", "type": "watching", "quote": "international stock exchange trades at trailing PE of 30, growing 15-20% a year", "context": "Pabrai is discussing with a friend an international stock with a 60% profit margin and high growth; its P/E ratio is expected to fall below 10 in 2–3 years", "confidence": 75}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "Indonesia", "type": "bullish", "quote": "places like Indonesia have huge appetites for iron and steel", "context": "Indonesia has a great need for iron and steel for its development", "confidence": 75}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "Vietnam", "type": "bullish", "quote": "places like Vietnam have huge appetites for iron and steel", "context": "Vietnam has a great need for iron and steel for its development", "confidence": 75}, {"video_title": "Position Sizing - Heavy Concentration should be OK - Mohnish Pabrai", "id": "TlF7U2gZpvA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for a highly concentrated portfolio and explains his Turkey investment strategy, which resulted in a 40–50% allocation within the portfolio.", "sort_date": "2025-10-14", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Walton family owned 46% of Walmart, haven't done anything, never sold a stock", "context": "Pabrai cites Walmart as a positive example of successful long-term focus without selling", "confidence": 75}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "Asian Paints", "market": "India", "type": "bullish", "quote": "going to own Asian Paints for a long time", "context": "He cites Asian Paints as an example of high-quality companies that index funds hold for the long term", "confidence": 75}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "HDFC", "market": "India", "type": "bullish", "quote": "going to own HDFC for a long time", "context": "He cites HDFC as an example of high-quality companies that index funds hold for the long term", "confidence": 75}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "Titan", "market": "India", "type": "bullish", "quote": "going to own Titan for a long time", "context": "He cites Titan as an example of high-quality companies that index funds hold for the long term", "confidence": 75}, {"video_title": "Why Coca-Cola Prints Cash Like No Other Company! | Mohnish Pabrai | Stocks | Investment", "id": "kFzJRJ-HkXA", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why Coca-Cola is more resilient than Microsoft thanks to its unique global beverage distribution network and is a good long-term holding", "sort_date": "2025-10-14", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "a business like Coke to me is more resilient than a business like Microsoft", "context": "Pabrai views Coke as more resilient than Microsoft, which is a relatively negative assessment of Microsoft", "confidence": 70}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "Mongolia", "type": "watching", "quote": "made a trip to Mongolia to see one of the largest surface mining metallurgical coal operation", "context": "Pabrai visited a large open-pit metallurgical coal mine in Mongolia, but did not name any specific company", "confidence": 70}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": null, "market": "Africa", "type": "bullish", "quote": "eventually Africa huge appetites for iron and steel", "context": "In the long term, Africa will have an enormous demand for iron and steel", "confidence": 70}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "Coca-Cola", "market": "United States", "type": "bullish", "quote": "you could buy Coke for seven times earnings in 1982", "context": "Pabrai describes 1982 as a time when stocks were extremely undervalued, citing Coke as an example of a bargain at the time", "confidence": 70}, {"video_title": "Investing in Index Funds - Mohnish Pabrai", "id": "6xSYCbbIUbM", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why he himself invests primarily in index funds and discusses historical market cycles as well as the benefits of long-term passive investing", "sort_date": "2025-10-14", "company": "Procter & Gamble", "market": "United States", "type": "bullish", "quote": "Proctor and Gamble for six or seven times earnings in 1982", "context": "He cites P&G as another example of extreme undervaluation in 1982", "confidence": 70}, {"video_title": "Investing in Coal Mines - Warrior Met Coal Thesis - Mohnish Pabrai", "id": "8Ps7PvoK4UQ", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his investment thesis on Warrior Met Coal in detail: low production costs, favorable logistics, a debt-free balance sheet, and structural demand for metallurgical coal for steel production in developing countries", "sort_date": "2025-10-14", "company": "Burlington Northern", "market": "United States", "type": "watching", "quote": "one of the first trips Buffett, Munger, and Gates made after they bought Burlington Northern", "context": "Pabrai cites Burlington Northern as an example of the importance of transportation logistics in the coal industry; it is owned by Berkshire", "confidence": 65}, {"video_title": "Never use Excel for Investing - Mohnish Pabrai", "id": "DYvMpRsRPcE", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai argues that good investments don't require Excel models; they simply need to be simple enough to calculate in your head and explain to a 10-year-old", "sort_date": "2025-10-14", "company": null, "market": "Japan", "type": "watching", "quote": "when he's going through the Japan company handbook", "context": "Pabrai explains how Buffett analyzes Japanese investments without using Excel, using simple metrics", "confidence": 60}, {"video_title": "Water the Flowers, Cut the Weeds - Mohnish Pabrai", "id": "Wb3FSy7MjaA", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses Buffett's philosophy of 12 good ideas over 58 years and reflects on his own mistake of selling good companies too early because they seemed expensive.", "sort_date": "2025-10-14", "company": "Dexter Shoes", "market": "Unknown", "type": "bearish", "quote": "Dexter shoes went to zero, pains Buffett the most", "context": "Pabrai cites this as an example of Buffett's few total losses, not as an investment of his own", "confidence": 45}, {"video_title": "Mohnish Pabrai’s Fireside chat with Ben Graham Centre on October 14, 2025", "id": "fW9j-mDNVt8", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-12-10", "recording_date": "2025-10-14", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Fireside chat with Ben Graham Centre on October 14, 2025", "summary": "Pabrai mainly discusses his cloning philosophy and the Dakshana Foundation, mentioning two large concentrated positions (70% of a fund) that he intends to hold for the long term", "sort_date": "2025-10-14", "company": "IIT", "market": "India", "type": "bullish", "quote": "IIT Bombay computer science undergraduate class has no classroom in the planet that has the brain power", "context": "Pabrai is very bullish on the IIT system in India as a source of talent, although this is not a direct statement about investment", "confidence": 40}, {"video_title": "“Don’t Make a Mistake of Selling a Stock Cheap” - Mohnish Pabrai | Stocks | Investment ", "id": "WxzdphFj4yY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy away from quick-flips like Frontline toward long-term compounders and describes his successful commodity investments during the financial crisis", "sort_date": "2025-10-13", "company": "Tech Kaminko", "market": "Unknown", "type": "sold", "quote": "Tech Kaminko which I sold after a 5x went up to a 10x", "context": "Sold after a 5x gain during the financial crisis, missed out on a further doubling", "confidence": 95}, {"video_title": "“Don’t Make a Mistake of Selling a Stock Cheap” - Mohnish Pabrai | Stocks | Investment ", "id": "WxzdphFj4yY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy away from quick-flips like Frontline toward long-term compounders and describes his successful commodity investments during the financial crisis", "sort_date": "2025-10-13", "company": null, "market": "Commodities", "type": "bullish", "quote": "Not a single one was a loser almost every single one went up at least four or five times", "context": "His commodity basket performed extremely well during the financial crisis; all positions rose at least 4–5 times in value", "confidence": 93}, {"video_title": "“Don’t Make a Mistake of Selling a Stock Cheap” - Mohnish Pabrai | Stocks | Investment ", "id": "WxzdphFj4yY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy away from quick-flips like Frontline toward long-term compounders and describes his successful commodity investments during the financial crisis", "sort_date": "2025-10-13", "company": "Frontline", "market": "Unknown", "type": "sold", "quote": "with front line you buy it kind of half off then you double your money and you move on", "context": "Pabrai sold Frontline after it doubled in value, but missed out on the big rally that followed", "confidence": 92}, {"video_title": "“Don’t Make a Mistake of Selling a Stock Cheap” - Mohnish Pabrai | Stocks | Investment ", "id": "WxzdphFj4yY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy away from quick-flips like Frontline toward long-term compounders and describes his successful commodity investments during the financial crisis", "sort_date": "2025-10-13", "company": null, "market": "Commodities", "type": "bought", "quote": "the whole commodity space just collapsed I was finding so many ideas investing in commodities", "context": "During the financial crisis, he placed a basket bet on several commodity stocks, each of which looked like it would yield at least a 5x return", "confidence": 90}, {"video_title": "“Don’t Make a Mistake of Selling a Stock Cheap” - Mohnish Pabrai | Stocks | Investment ", "id": "WxzdphFj4yY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-13", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his shift in strategy away from quick-flips like Frontline toward long-term compounders and describes his successful commodity investments during the financial crisis", "sort_date": "2025-10-13", "company": "Frontline", "market": "Unknown", "type": "bearish", "quote": "a business like Frontline you just couldn't get there", "context": "For him, Frontline wasn't a long-term investment for 10 to 20 years; it was just an arbitrage play based on liquidation value", "confidence": 88}, {"video_title": "How Time and Patience Build Generational Wealth | Mohnish Pabrai | Stocks | Investment", "id": "dcPMU4MZvy4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the most important qualities of an investor (patience, business experience, circle of competence, margin of safety) and cites Stewart Enterprises as a positive example", "sort_date": "2025-10-10", "company": "Stewart Enterprises", "market": "Unknown", "type": "bullish", "quote": "I would have been willing to do that at Stewart Enterprises", "context": "Pabrai says he would have been willing to invest 50–60% of the family fortune in Stewart Enterprises and would also have bought bonds to gain full control", "confidence": 75}, {"video_title": "How Time and Patience Build Generational Wealth | Mohnish Pabrai | Stocks | Investment", "id": "dcPMU4MZvy4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the most important qualities of an investor (patience, business experience, circle of competence, margin of safety) and cites Stewart Enterprises as a positive example", "sort_date": "2025-10-10", "company": "Google", "market": "Unknown", "type": "bearish", "quote": "if the answer is no, then I shouldn't put $10 into Google", "context": "Pabrai uses Google as an example of something he would NOT be willing to invest 410 billion (its market cap at the time) in", "confidence": 65}, {"video_title": "How Time and Patience Build Generational Wealth | Mohnish Pabrai | Stocks | Investment", "id": "dcPMU4MZvy4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the most important qualities of an investor (patience, business experience, circle of competence, margin of safety) and cites Stewart Enterprises as a positive example", "sort_date": "2025-10-10", "company": "Apple", "market": "Unknown", "type": "unknown", "quote": "what do you think of Apple? And they don't know the market cap", "context": "Pabrai mentions Apple only as an example of people talking about stocks without knowing the market cap—it’s not an investment recommendation", "confidence": 30}, {"video_title": "What Happens If You Bet Everything on One Stock? | Mohnish Pabrai | Stocks | Investment", "id": "VM_mEbLrDzs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses portfolio concentration versus diversification and personally prefers 10–15 positions over all-in bets; he considers Berkshire and the S&P to be resilient.", "sort_date": "2025-10-09", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Berkshire is like an S&P type bet. So it's very difficult to see something like Berkshire going.", "context": "Pabrai compares Berkshire to the S&P and considers it to be very resilient; it is hard to imagine it failing", "confidence": 80}, {"video_title": "What Happens If You Bet Everything on One Stock? | Mohnish Pabrai | Stocks | Investment", "id": "VM_mEbLrDzs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses portfolio concentration versus diversification and personally prefers 10–15 positions over all-in bets; he considers Berkshire and the S&P to be resilient.", "sort_date": "2025-10-09", "company": "S&P 500", "market": "USA", "type": "watching", "quote": "even though the S&P probably overvalued whatever else right now, it's okay.", "context": "Pabrai believes the S&P is likely overvalued, but still recommends it as a defensive position", "confidence": 75}, {"video_title": "What Happens If You Bet Everything on One Stock? | Mohnish Pabrai | Stocks | Investment", "id": "VM_mEbLrDzs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses portfolio concentration versus diversification and personally prefers 10–15 positions over all-in bets; he considers Berkshire and the S&P to be resilient.", "sort_date": "2025-10-09", "company": "Amazon", "market": "USA", "type": "unknown", "quote": "The way I'm wired, I wouldn't be able to make that bet because I wouldn't be able to get the conviction.", "context": "Despite Amazon's quality, Pabrai wouldn't bet everything on it because he wouldn't have the necessary conviction", "confidence": 70}, {"video_title": "What Happens If You Bet Everything on One Stock? | Mohnish Pabrai | Stocks | Investment", "id": "VM_mEbLrDzs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses portfolio concentration versus diversification and personally prefers 10–15 positions over all-in bets; he considers Berkshire and the S&P to be resilient.", "sort_date": "2025-10-09", "company": "Amazon", "market": "USA", "type": "watching", "quote": "we know that Amazon is great, right? And we put everything into Amazon today. It could work.", "context": "Pabrai says Amazon is great, but he wouldn't bet everything on it himself due to a lack of conviction", "confidence": 65}, {"video_title": "What Happens If You Bet Everything on One Stock? | Mohnish Pabrai | Stocks | Investment", "id": "VM_mEbLrDzs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses portfolio concentration versus diversification and personally prefers 10–15 positions over all-in bets; he considers Berkshire and the S&P to be resilient.", "sort_date": "2025-10-09", "company": "Walmart", "market": "USA", "type": "unknown", "quote": "the Walton family with the single bed because they maybe have an understanding of Walmart that goes way beyond", "context": "Pabrai cites the Walton family as an example of successfully concentrating on a single stock (Walmart)", "confidence": 55}, {"video_title": "“DO YOU HAVE THESE 2 THINGS?” - Mohnish Pabrai | Stocks | Investment", "id": "uMRvQiahPdo", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-08", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his pre-investment checklist, which is based on failed investments by major investors, noting that misunderstandings regarding leverage and competitive advantages are the main causes of mistakes, and emphasizes the importance of the circle of competence.", "sort_date": "2025-10-08", "company": "Dexter Shoes", "market": "USA", "type": "bearish", "quote": "concept that lowcost foreign manufacturing may impact the moat should have been visible", "context": "Pabrai criticizes Berkshire's investment in Dexter Shoes as an example of an overlooked loss of competitive advantage due to low-cost foreign production", "confidence": 75}, {"video_title": "What I Learned from My 25X Stock! | Mohnish Pabrai | Stocks | Investment", "id": "Gk5FEpLW5Yc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his investment in Fiat Chrysler/Ferrari was a huge success, but that he sold Ferrari too early and thus missed out on a 25-bagger", "sort_date": "2025-10-07", "company": "Ferrari", "market": "Italy", "type": "sold", "quote": "the big mistake I made was it should never have been sold", "context": "Pabrai sold Ferrari (80% owned by Fiat Chrysler) too early—he made a 5- to 6-fold return but missed out on a 25-bagger", "confidence": 98}, {"video_title": "What I Learned from My 25X Stock! | Mohnish Pabrai | Stocks | Investment", "id": "Gk5FEpLW5Yc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his investment in Fiat Chrysler/Ferrari was a huge success, but that he sold Ferrari too early and thus missed out on a 25-bagger", "sort_date": "2025-10-07", "company": "Ferrari", "market": "Italy", "type": "bullish", "quote": "from then till now it's almost a 25 bagger", "context": "After it was sold, Ferrari became a 25-bagger, which would have meant a return of $400 million to $500 million on a $20 million investment", "confidence": 97}, {"video_title": "What I Learned from My 25X Stock! | Mohnish Pabrai | Stocks | Investment", "id": "Gk5FEpLW5Yc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his investment in Fiat Chrysler/Ferrari was a huge success, but that he sold Ferrari too early and thus missed out on a 25-bagger", "sort_date": "2025-10-07", "company": "Fiat Chrysler", "market": "USA", "type": "owns", "quote": "which was a huge home run", "context": "The Fiat Chrysler investment turned out to be a huge success for Pabrai", "confidence": 95}, {"video_title": "What I Learned from My 25X Stock! | Mohnish Pabrai | Stocks | Investment", "id": "Gk5FEpLW5Yc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his investment in Fiat Chrysler/Ferrari was a huge success, but that he sold Ferrari too early and thus missed out on a 25-bagger", "sort_date": "2025-10-07", "company": "Fiat Chrysler", "market": "USA", "type": "sold", "quote": "when I started to study it I had deep hatred for the auto business", "context": "Pabrai began researching Fiat Chrysler after seeing that Ted Wexler and David Einhorn had invested in GM, despite his initial aversion to the auto industry", "confidence": 92}, {"video_title": "What I Learned from My 25X Stock! | Mohnish Pabrai | Stocks | Investment", "id": "Gk5FEpLW5Yc", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how his investment in Fiat Chrysler/Ferrari was a huge success, but that he sold Ferrari too early and thus missed out on a 25-bagger", "sort_date": "2025-10-07", "company": "General Motors", "market": "USA", "type": "watching", "quote": "Ted Wexler had made an investment in General Motors", "context": "Pabrai kept an eye on GM because Ted Wexler and David Einhorn had invested in it, which led him to study the automotive industry", "confidence": 75}, {"video_title": "Why Bill Gates Calls Amazon's and Costco's Business Models Illegal", "id": "E7LgyFlmFn0", "channel": "Financian", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the clever membership models used by Amazon and Costco to build customer loyalty and influence customer behavior", "sort_date": "2025-10-07", "company": "Amazon", "market": "USA", "type": "bullish", "quote": "That Prime thing with Amazon is super smart", "context": "Pabrai praises Amazon's Prime membership model as a very clever move that was copied by Costco", "confidence": 75}, {"video_title": "Why Bill Gates Calls Amazon's and Costco's Business Models Illegal", "id": "E7LgyFlmFn0", "channel": "Financian", "source_url": "", "published_at": "2025-10-07", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the clever membership models used by Amazon and Costco to build customer loyalty and influence customer behavior", "sort_date": "2025-10-07", "company": "Costco", "market": "USA", "type": "bullish", "quote": "that was taken from Costco. That's the hack that Amazon did with Prime", "context": "Pabrai explains that Amazon's Prime model was originally modeled after Costco's membership model, which demonstrates the strength of Costco's business model", "confidence": 70}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": null, "market": "South Korea", "type": "bullish", "quote": "even today there are lots of bargains in South Korea amazing bargains", "context": "Pabrai currently sees many attractive investment opportunities in South Korea", "confidence": 98}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": null, "market": "South Korea", "type": "owns", "quote": "we're buying things at two and a half times earnings", "context": "Pabrai is currently buying Korean stocks at extremely low valuations of 2.5 times earnings", "confidence": 97}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": "Dehan Flower", "market": "South Korea", "type": "owns", "quote": "in 2006 when he invested in Dehan Flower in Korea", "context": "Pabrai mentions that Buffett invested in this Korean company in 2006 as an example of market inefficiencies", "confidence": 95}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": null, "market": "South Korea", "type": "bought", "quote": "we're buying right now", "context": "Pabrai is currently actively buying in South Korea, but cannot name any companies due to low liquidity", "confidence": 95}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": null, "market": "India", "type": "owns", "quote": "investment in a company in India which made one of the ingredients that goes into rubber", "context": "Pabrai invested in an Indian company that produces raw materials for tire rubber, based on the premise that mobility is on the rise", "confidence": 92}, {"video_title": "How We Pick Stocks That Always Win | Mohnish Pabrai | Warren Buffett | Investment", "id": "Szgdt2n7ikk", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why markets remain inefficient despite improved access to information and is currently investing in undervalued Korean stocks (P/E ratio of 2.5–3) as well as tire-related companies in Korea and India based on his mobility thesis", "sort_date": "2025-10-04", "company": null, "market": "South Korea", "type": "owns", "quote": "a company in Korea which is in the tire business", "context": "Pabrai owns a tire company in Korea with a P/E ratio of 2.5–3 that is poised for strong growth", "confidence": 90}, {"video_title": "“Don’t Ever Try to Compete with Patel’s” - Mohnish Pabrai | Stocks | Investment", "id": "98djDpRpym4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of Ugandan Patel entrepreneurs in the U.S. and highlights their competitive advantage as low-cost producers in the motel, hotel, and service industries, citing Charlie Munger’s advice never to compete against the Patels.", "sort_date": "2025-10-03", "company": null, "market": "United States", "type": "bullish", "quote": "Patels control 70% of motels in the country, gone up market to Hilton, Marriott", "context": "Pabrai explains how Patel entrepreneurs have established a dominant market position in the U.S. motel and hotel industry through a low-cost structure", "confidence": 75}, {"video_title": "“Don’t Ever Try to Compete with Patel’s” - Mohnish Pabrai | Stocks | Investment", "id": "98djDpRpym4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of Ugandan Patel entrepreneurs in the U.S. and highlights their competitive advantage as low-cost producers in the motel, hotel, and service industries, citing Charlie Munger’s advice never to compete against the Patels.", "sort_date": "2025-10-03", "company": "Hilton", "market": "United States", "type": "watching", "quote": "a lot of the Hilton's, Marriotts, Westerns, if you really look, you'll find it's under Patel ownership", "context": "Pabrai points out that Patels have made inroads into the premium hotel segment and are operating as franchisees", "confidence": 70}, {"video_title": "“Don’t Ever Try to Compete with Patel’s” - Mohnish Pabrai | Stocks | Investment", "id": "98djDpRpym4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of Ugandan Patel entrepreneurs in the U.S. and highlights their competitive advantage as low-cost producers in the motel, hotel, and service industries, citing Charlie Munger’s advice never to compete against the Patels.", "sort_date": "2025-10-03", "company": "Marriott", "market": "United States", "type": "watching", "quote": "a lot of the Hilton's, Marriotts, Westerns, if you really look, you'll find it's under Patel ownership", "context": "Pabrai cites Marriott as an example of premium hotels that are often operated by Patel", "confidence": 70}, {"video_title": "“Don’t Ever Try to Compete with Patel’s” - Mohnish Pabrai | Stocks | Investment", "id": "98djDpRpym4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of Ugandan Patel entrepreneurs in the U.S. and highlights their competitive advantage as low-cost producers in the motel, hotel, and service industries, citing Charlie Munger’s advice never to compete against the Patels.", "sort_date": "2025-10-03", "company": "7-Eleven", "market": "United States", "type": "bullish", "quote": "they went into 7-Eleven, laundromats, Dunkin Donuts, all of it", "context": "Pabrai describes the expansion of Patel entrepreneurs into various service industries using a similar low-cost advantage model", "confidence": 65}, {"video_title": "“Don’t Ever Try to Compete with Patel’s” - Mohnish Pabrai | Stocks | Investment", "id": "98djDpRpym4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-03", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai tells the story of Ugandan Patel entrepreneurs in the U.S. and highlights their competitive advantage as low-cost producers in the motel, hotel, and service industries, citing Charlie Munger’s advice never to compete against the Patels.", "sort_date": "2025-10-03", "company": "Dunkin Donuts", "market": "United States", "type": "bullish", "quote": "they went into 7-Eleven, laundromats, Dunkin Donuts, all of it", "context": "Pabrai cites Dunkin' Donuts as another sector where Patel entrepreneurs are succeeding thanks to a low-cost structure", "confidence": 65}, {"video_title": "13F Q3 2025 – WARRIOR MET COAL INC", "id": "13f_0001549575-25-000012_93627C101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000012/0001549575-25-000012-index.htm", "published_at": "2025-11-13", "recording_date": "2025-09-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-09-30", "summary": "SEC 13F-HR Q3 2025: WARRIOR MET COAL INC (HCC) – 1,799,831 shares, $114.5M market value.", "sort_date": "2025-09-30", "company": "WARRIOR MET COAL INC", "market": "United States", "type": "increased", "quote": "Pabrai increased position in WARRIOR MET COAL INC (HCC) to 1,799,831 shares", "context": "Position reported in SEC 13F-HR filing for Q3 2025. Market value: $114.5M. CUSIP: 93627C101.", "confidence": 100}, {"video_title": "13F Q3 2025 – ALPHA METALLURGICAL RESOUR I", "id": "13f_0001549575-25-000012_020764106", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000012/0001549575-25-000012-index.htm", "published_at": "2025-11-13", "recording_date": "2025-09-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-09-30", "summary": "SEC 13F-HR Q3 2025: ALPHA METALLURGICAL RESOUR I (AMR) – 532,000 shares, $87.3M market value.", "sort_date": "2025-09-30", "company": "ALPHA METALLURGICAL RESOUR I", "market": "United States", "type": "increased", "quote": "Pabrai increased position in ALPHA METALLURGICAL RESOUR I (AMR) to 532,000 shares", "context": "Position reported in SEC 13F-HR filing for Q3 2025. Market value: $87.3M. CUSIP: 020764106.", "confidence": 100}, {"video_title": "13F Q3 2025 – TRANSOCEAN LTD", "id": "13f_0001549575-25-000012_H8817H100", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000012/0001549575-25-000012-index.htm", "published_at": "2025-11-13", "recording_date": "2025-09-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-09-30", "summary": "SEC 13F-HR Q3 2025: TRANSOCEAN LTD (RIG) – 24,442,332 shares, $76.3M market value.", "sort_date": "2025-09-30", "company": "TRANSOCEAN LTD", "market": "United States", "type": "bought", "quote": "Pabrai bought 24,442,332 shares of TRANSOCEAN LTD (RIG)", "context": "Position reported in SEC 13F-HR filing for Q3 2025. Market value: $76.3M. CUSIP: H8817H100.", "confidence": 100}, {"video_title": "13F Q3 2025 – VALARIS LTD", "id": "13f_0001549575-25-000012_G9460G101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000012/0001549575-25-000012-index.htm", "published_at": "2025-11-13", "recording_date": "2025-09-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-09-30", "summary": "SEC 13F-HR Q3 2025: VALARIS LTD (VAL) – 1,066,255 shares, $52.0M market value.", "sort_date": "2025-09-30", "company": "VALARIS LTD", "market": "United States", "type": "decreased", "quote": "Pabrai reduced position in VALARIS LTD (VAL) to 1,066,255 shares", "context": "Position reported in SEC 13F-HR filing for Q3 2025. Market value: $52.0M. CUSIP: G9460G101.", "confidence": 100}, {"video_title": "13F Q3 2025 – NOBLE CORP PLC", "id": "13f_0001549575-25-000012_G65431127", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000012/0001549575-25-000012-index.htm", "published_at": "2025-11-13", "recording_date": "2025-09-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-09-30", "summary": "SEC 13F-HR Q3 2025: NOBLE CORP PLC (NE) – 239,000 shares, $6.8M market value.", "sort_date": "2025-09-30", "company": "NOBLE CORP PLC", "market": "United States", "type": "decreased", "quote": "Pabrai reduced position in NOBLE CORP PLC (NE) to 239,000 shares", "context": "Position reported in SEC 13F-HR filing for Q3 2025. Market value: $6.8M. CUSIP: G65431127.", "confidence": 100}, {"video_title": "Why Only Few Investors Catch Multibaggers | Mohnish Pabrai | Stocks | Investment", "id": "fIK7Mcjnnv0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his conviction-based investment philosophy using his Turkish warehouse investment as an example and emphasizes the importance of moat analysis over price movements", "sort_date": "2025-09-27", "company": null, "market": "Turkey", "type": "owns", "quote": "when I invested the value per square foot was about $80", "context": "Pabrai owns a Turkish warehouse business comprising 12 million square feet, primarily in Istanbul, valued at approximately $1 billion", "confidence": 95}, {"video_title": "Why Only Few Investors Catch Multibaggers | Mohnish Pabrai | Stocks | Investment", "id": "fIK7Mcjnnv0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his conviction-based investment philosophy using his Turkish warehouse investment as an example and emphasizes the importance of moat analysis over price movements", "sort_date": "2025-09-27", "company": "Starbucks", "market": "Global", "type": "watching", "quote": "if you invested in Starbucks, you would understand the unit economics", "context": "Uses Starbucks as an example for investment analysis, focusing on unit economics and store count as key metrics", "confidence": 45}, {"video_title": "“I Suggest you to Buy Small & Micro Cap Stocks” - Mohnish Pabrai | Investment", "id": "wwT1ZRPUB0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai has invested 70% of his assets in Turkey since 2018 and recommends that small investors take advantage of niches such as micro-caps", "sort_date": "2025-09-26", "company": null, "market": "Turkey", "type": "owns", "quote": "maybe 70% of my assets are in Turkey", "context": "Pabrai currently has about 70% of his assets in Turkish investments, having begun investing there in 2018", "confidence": 95}, {"video_title": "“I Suggest you to Buy Small & Micro Cap Stocks” - Mohnish Pabrai | Investment", "id": "wwT1ZRPUB0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai has invested 70% of his assets in Turkey since 2018 and recommends that small investors take advantage of niches such as micro-caps", "sort_date": "2025-09-26", "company": null, "market": "Turkey", "type": "bought", "quote": "in 2018 it was screening really cheap. It was screening super cheap", "context": "He bought Turkish stocks in 2018 because they were extremely cheap due to currency instability, and everyone else was selling", "confidence": 92}, {"video_title": "“I Suggest you to Buy Small & Micro Cap Stocks” - Mohnish Pabrai | Investment", "id": "wwT1ZRPUB0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai has invested 70% of his assets in Turkey since 2018 and recommends that small investors take advantage of niches such as micro-caps", "sort_date": "2025-09-26", "company": null, "market": "Small & Micro Cap", "type": "bullish", "quote": "the little guy has an advantage over the big guy. So the little guy can go all kinds of places", "context": "He recommends that small investors look into niches such as small- and micro-cap stocks, where large funds cannot operate", "confidence": 88}, {"video_title": "“I Suggest you to Buy Small & Micro Cap Stocks” - Mohnish Pabrai | Investment", "id": "wwT1ZRPUB0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai has invested 70% of his assets in Turkey since 2018 and recommends that small investors take advantage of niches such as micro-caps", "sort_date": "2025-09-26", "company": null, "market": "Turkey", "type": "bullish", "quote": "I happen to have a friend in Turkey who's kind of a classic Ben Graham type investor", "context": "He works with a Graham-style value investor in Turkey and visits the companies in his portfolio", "confidence": 75}, {"video_title": "“I Suggest you to Buy Small & Micro Cap Stocks” - Mohnish Pabrai | Investment", "id": "wwT1ZRPUB0Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai has invested 70% of his assets in Turkey since 2018 and recommends that small investors take advantage of niches such as micro-caps", "sort_date": "2025-09-26", "company": "Japanese trading companies", "market": "Japan", "type": "watching", "quote": "Buffett made their bet on the Japanese conglomerates, the trading companies", "context": "He cites Buffett's investment in Japan as an example of opportunities that can be attractive to small investors", "confidence": 60}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "REYSAS", "market": "Turkey", "type": "owns", "quote": "we spent $8 million and we got one third of the company, yesterday crossed a billion dollars", "context": "Pabrai owns one-third of REYSAS, which he purchased 5.5 years ago when it had a market cap of $16 million; it is now worth over $1 billion, with a liquidation value of over $2 billion.", "confidence": 98}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "IPSCO", "market": "Canada", "type": "sold", "quote": "put 10% of my fund into IPSCO, had like a 4x in 15-16 months and we moved on", "context": "Pabrai bought IPSCO in 2004 at $40 and achieved a fourfold return in 15 months when a Swedish company acquired it for $160", "confidence": 95}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "REYSAS", "market": "Turkey", "type": "bullish", "quote": "we think in five or 10 years it might be worth 5 or 10 billion", "context": "Very bullish on REYSAS in the long term; expect its value to rise from the current $1 billion to $5–10 billion in 5–10 years", "confidence": 95}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "Microsoft", "market": "United States", "type": "watching", "quote": "even Satya could not give me that number, the less we are able to have confidence", "context": "Uses Microsoft as an example of the difficulty of cash flow forecasting, implying that he has analyzed it but finds it too uncertain", "confidence": 45}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "Nvidia", "market": "United States", "type": "unknown", "quote": "at one price Nvidia could be a value investment at another price it could be speculative", "context": "Theoretical discussion of valuation; no specific position or opinion on the current price", "confidence": 30}, {"video_title": "“Once You Learn It.. You Won’t Look Back” - Mohnish Pabrai | Value Investing | Stocks ", "id": "maSBgEzijl4", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-23", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his value investing philosophy using his successful investments in IPSCO (4x in 15 months) and REYSAS Turkey (from $16 million to over $1 billion in 5.5 years, with an expected valuation of $5–10 billion)", "sort_date": "2025-09-23", "company": "Apple", "market": "United States", "type": "unknown", "quote": "when Buffett invested in Apple he looked at future cash flows versus what he was paying", "context": "Just mention Buffett's investment as an example of the value investing principle; do not disclose your own position", "confidence": 25}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": "Titan Industries", "market": "India", "type": "bullish", "quote": "Rakesh put 4% net worth into Titan, never touched it, worth $3.5 billion", "context": "Pabrai uses Titan as an example of a position you should never sell—Rakesh Jhunjhunwala held it for 27 years", "confidence": 75}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "$2 in Walmart beats pants off S&P, even if 49 of 50 went to zero", "context": "Pabrai uses Walmart as an example of the power of a single great long-term investment - Nifty50 Analysis", "confidence": 70}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": null, "market": "USA", "type": "watching", "quote": "S&P 500, probably 200 of those 500 businesses are great businesses", "context": "Pabrai explains that it is easy to identify great businesses, but difficult to find them at a good price", "confidence": 60}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": "McDonald's", "market": "USA", "type": "bullish", "quote": "McDonald's was in the Nifty50, a tremendous business", "context": "A historical example of a great business from the 1970s in the Nifty50 portfolio", "confidence": 50}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": "Procter & Gamble", "market": "USA", "type": "bullish", "quote": "Proctor Gamble's in there, strong and powerful businesses", "context": "Cited as an example of strong businesses in the historic Nifty50", "confidence": 50}, {"video_title": "How to make MULTIBAGGER PORTFOLIO Gains | Mohnish Pabrai | Stocks | Investment", "id": "MB0AaA0bPtE", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"circle the wagons\" philosophy: holding a few great positions for the long term is more important than making many good decisions—he uses Titan Industries and Walmart as examples", "sort_date": "2025-09-20", "company": "IBM", "market": "USA", "type": "bullish", "quote": "IBM and so on, strong and powerful at that time", "context": "A historical example of a successful business from the 1970s", "confidence": 45}, {"video_title": "Mohnish Pabrai | The Wonders of Compound Interest", "id": "2gXe8zz0VyU", "channel": "The Financial Frontier", "source_url": "", "published_at": "2025-09-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the power of compound interest using a \"five-bagger\" strategy and encourages investors to actively seek out undervalued stocks worldwide", "sort_date": "2025-09-19", "company": null, "market": "Global", "type": "bullish", "quote": "there are probably several thousand or maybe at least several hundred trading significantly below intrinsic value", "context": "Pabrai says that, despite high market valuations, there are hundreds to thousands of undervalued stocks worldwide", "confidence": 75}, {"video_title": "💡 Mohnish Pabrai Reveals How Bill Gates & Sam Walton are Cloning Companies! 🔥 #Shorts", "id": "TWL6-KLb9TQ", "channel": "Startup Insights", "source_url": "", "published_at": "2025-09-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cloning\" investment philosophy using Bill Gates/Microsoft and Sam Walton/Walmart as historically successful examples of copied business models", "sort_date": "2025-09-19", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "Microsoft would not have existed without being a great cloner", "context": "Pabrai praises Microsoft as a successful example of a cloning strategy and highlights Bill Gates as one of the greatest cloners in history", "confidence": 75}, {"video_title": "💡 Mohnish Pabrai Reveals How Bill Gates & Sam Walton are Cloning Companies! 🔥 #Shorts", "id": "TWL6-KLb9TQ", "channel": "Startup Insights", "source_url": "", "published_at": "2025-09-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his \"cloning\" investment philosophy using Bill Gates/Microsoft and Sam Walton/Walmart as historically successful examples of copied business models", "sort_date": "2025-09-19", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "Sam Walton by his own admission would tell you that he has no original ideas", "context": "Pabrai cites Walmart as a prime example of a successful cloning strategy, noting that the Walton family is the richest family in the world", "confidence": 72}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "owns", "quote": "we own a third of the business, 20% in one fund", "context": "Pabrai owns one-third of a Turkish REIT, with 20% of that stake held in a single fund with $400 million in assets", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "owns", "quote": "more than half of that portfolio is a single Turkish stock", "context": "The Turkish REIT accounts for more than half of its offshore fund", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "owns", "quote": "another stock in Turkey 17 or 18% of the portfolio", "context": "A second Turkish stock accounts for 17–18% of the portfolio and is also undervalued", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "bullish", "quote": "2/3 of the portfolio in two businesses in Turkey", "context": "Two Turkish holdings together account for more than two-thirds of his fund, both of which are considered to be significantly undervalued", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "bullish", "quote": "doesn't make sense to trim something sitting at less than half liquidation value", "context": "The Turkish REIT is trading at less than 50% of its liquidation value, so there are no plans to sell it", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "bullish", "quote": "don't expect to ever find another stock at 3% of liquidation value", "context": "The Turkish REIT is described as a one-time investment that was purchased at just 3% of its liquidation value", "confidence": 95}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "USA", "type": "owns", "quote": "couple of bets in the coal business around 15 20% of assets", "context": "Two coal investments together account for 15–20% of the portfolio", "confidence": 90}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": null, "market": "Turkey", "type": "bullish", "quote": "very good business, exceptional capital allocators, very good assets", "context": "The Turkish REIT is described as an excellently managed business with very sound capital allocation", "confidence": 90}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": "Magnificent 7", "market": "USA", "type": "bearish", "quote": "not spend too much time on Magnificent 7 because lot of fishermen there", "context": "Pabrai avoids the \"Magnificent 7\" stocks because they attract too much attention and offer little opportunity", "confidence": 85}, {"video_title": "“Wealth Comes From Concentration but…” - Mohnish Pabrai | Stocks | Investment", "id": "HwmZKPA7jWM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-15", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his extreme concentration—with more than two-thirds of the portfolio invested in two Turkish stocks (including a REIT trading at less than 50% of its liquidation value)—plus coal investments, and defends this strategy as a path to wealth creation.", "sort_date": "2025-09-15", "company": "Japanese trading companies", "market": "Japan", "type": "bullish", "quote": "Warren's bet on five Japanese trading companies was a huge home run", "context": "Pabrai praises Buffett's investment in Japanese trading companies as a major success—a sign that he values such opportunities", "confidence": 70}, {"video_title": "How to Beat the Market by 11.5% Every Year | Mohnish Pabrai | Stocks | Investment", "id": "ie4Q5kMGZCM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his cloning strategy and recommends the S&P 500, Berkshire Hathaway, or copying Buffett’s purchases—depending on one’s IQ level—to achieve an 11.5% annual outperformance", "sort_date": "2025-09-11", "company": null, "market": "USA", "type": "bullish", "quote": "almost the entire portfolio is stock picks by some other great investor", "context": "Pabrai explains that his entire portfolio consists of ideas copied from other major investors, not his own original ideas", "confidence": 98}, {"video_title": "Mohnish Pabrai: Alibaba is a High Quality Operation #mohnishpabrai #pabrai #alibaba #investing #nyse", "id": "WDYogZUr8wM", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai defends Alibaba as a high-quality company with strong governance that respects foreign investors, and considers listing risks to be irrelevant.", "sort_date": "2025-09-11", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "it's a very high quality operation from that point of view", "context": "He explicitly describes Alibaba as a company with high standards of corporate governance", "confidence": 95}, {"video_title": "How to Beat the Market by 11.5% Every Year | Mohnish Pabrai | Stocks | Investment", "id": "ie4Q5kMGZCM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his cloning strategy and recommends the S&P 500, Berkshire Hathaway, or copying Buffett’s purchases—depending on one’s IQ level—to achieve an 11.5% annual outperformance", "sort_date": "2025-09-11", "company": "S&P 500 Index", "market": "USA", "type": "bullish", "quote": "Buy an index fund. Buy the S&P 500 index. Dollar cost average.", "context": "Pabrai recommends the S&P 500 Index combined with dollar-cost averaging as a safe long-term strategy for average investors", "confidence": 95}, {"video_title": "Mohnish Pabrai: Alibaba is a High Quality Operation #mohnishpabrai #pabrai #alibaba #investing #nyse", "id": "WDYogZUr8wM", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai defends Alibaba as a high-quality company with strong governance that respects foreign investors, and considers listing risks to be irrelevant.", "sort_date": "2025-09-11", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "Alibaba is unlikely to do things from a governance perspective which would hurt investors", "context": "Pabrai defends Alibaba's governance standards and emphasizes that the company has historically respected foreign investors", "confidence": 92}, {"video_title": "How to Beat the Market by 11.5% Every Year | Mohnish Pabrai | Stocks | Investment", "id": "ie4Q5kMGZCM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his cloning strategy and recommends the S&P 500, Berkshire Hathaway, or copying Buffett’s purchases—depending on one’s IQ level—to achieve an 11.5% annual outperformance", "sort_date": "2025-09-11", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Buy Berkshire Hathaway. Probably it'll beat the S&P 500 index", "context": "Pabrai recommends Berkshire Hathaway as a better alternative to the S&P 500 for slightly above-average investors", "confidence": 92}, {"video_title": "Mohnish Pabrai: Alibaba is a High Quality Operation #mohnishpabrai #pabrai #alibaba #investing #nyse", "id": "WDYogZUr8wM", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai defends Alibaba as a high-quality company with strong governance that respects foreign investors, and considers listing risks to be irrelevant.", "sort_date": "2025-09-11", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "they have always respected their non-Chinese investors and I don't think that will change", "context": "Pabrai is confident that Alibaba will continue to treat foreign investors fairly in the future", "confidence": 90}, {"video_title": "Mohnish Pabrai: Alibaba is a High Quality Operation #mohnishpabrai #pabrai #alibaba #investing #nyse", "id": "WDYogZUr8wM", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai defends Alibaba as a high-quality company with strong governance that respects foreign investors, and considers listing risks to be irrelevant.", "sort_date": "2025-09-11", "company": "Alibaba", "market": "China", "type": "bullish", "quote": "the risk with Alibaba is not related to a listing going from New York to Hong Kong", "context": "He considers the risk of delisting to be irrelevant and suggests that he is focusing on the company's fundamental business prospects", "confidence": 88}, {"video_title": "How to Beat the Market by 11.5% Every Year | Mohnish Pabrai | Stocks | Investment", "id": "ie4Q5kMGZCM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-11", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his cloning strategy and recommends the S&P 500, Berkshire Hathaway, or copying Buffett’s purchases—depending on one’s IQ level—to achieve an 11.5% annual outperformance", "sort_date": "2025-09-11", "company": "IBM", "market": "USA", "type": "unknown", "quote": "Oh, he bought IBM. Okay, worst broker. Give me the high price today for IBM.", "context": "Pabrai uses IBM merely as a hypothetical example for his Buffett-cloning strategy; it is not a specific investment recommendation", "confidence": 30}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Union Pacific Railroad", "market": "USA", "type": "bullish", "quote": "I think 20 years from now Union Pacific is around", "context": "Pabrai views Union Pacific as one of the few companies with a sustainable business model—thanks to its track rights—that will likely still be around in 20 years", "confidence": 85}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Berkshire Hathaway", "market": "USA", "type": "bearish", "quote": "Probably half the businesses they bought are either mistakes or have disappeared", "context": "Pabrai points out that about half of Berkshire's acquisitions were either mistakes or have since disappeared, which highlights the difficulty of long-term investing", "confidence": 80}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Coca-Cola", "context": "Pabrai cites Coca-Cola as an example of a rare company with a sustainable moat that has survived the creative destruction of capitalism", "confidence": 75}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Visa", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Visa or Mastercard", "context": "Pabrai cites Visa as an example of a company with a strong moat in the payments sector", "confidence": 75}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Mastercard", "market": "USA", "type": "bullish", "quote": "we end up with a moat around Visa or Mastercard", "context": "Pabrai cites Mastercard as an example of a company with a strong moat in the payments sector", "confidence": 75}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "Louis Vuitton", "market": "USA", "type": "bullish", "quote": "we end up with some around Louis Vuitton", "context": "Pabrai cites Louis Vuitton as an example of a luxury company with a sustainable competitive advantage", "confidence": 70}, {"video_title": "How to Spot 100-Year Winners | Mohnish Pabrai | Stocks | Investment", "id": "UZMOujOt9jQ", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-09", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses the difficulty of identifying long-term winners, since almost all companies will disappear as a result of creative destruction, but he cites rare exceptions with moats, such as Coca-Cola, Visa, Mastercard, and Union Pacific Railroad.", "sort_date": "2025-09-09", "company": "AMX", "market": "USA", "type": "watching", "quote": "if you look at something like AMX today and the trajectory it's been through", "context": "Pabrai cites AMX as an example of a company with an unpredictable trajectory, lacking a clear positive or negative assessment", "confidence": 50}, {"video_title": "“How I Know When to Add More Shares” - Mohnish Pabrai | Stocks | Investment", "id": "PyHlw_xUs8c", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how he uses uncertainty as an investment opportunity and gives examples of Ipsco (Canada) and Rain Industries (India), where markets have severely undervalued cyclical companies.", "sort_date": "2025-09-06", "company": "Ipsco", "market": "Canada", "type": "sold", "quote": "bought at 45, stock went to 153, we were out of there", "context": "Steel company with revenue contracts for two years; Swedish firm offered 160; Pabrai sold at 153", "confidence": 95}, {"video_title": "“How I Know When to Add More Shares” - Mohnish Pabrai | Stocks | Investment", "id": "PyHlw_xUs8c", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how he uses uncertainty as an investment opportunity and gives examples of Ipsco (Canada) and Rain Industries (India), where markets have severely undervalued cyclical companies.", "sort_date": "2025-09-06", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "two billion in revenue 200 million market cap, market cap went to 2 billion", "context": "Highly indebted company; the market did not assign a value to 90% of its assets; reached 12x earnings at its peak; now at 2.5x", "confidence": 92}, {"video_title": "“How I Know When to Add More Shares” - Mohnish Pabrai | Stocks | Investment", "id": "PyHlw_xUs8c", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-06", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how he uses uncertainty as an investment opportunity and gives examples of Ipsco (Canada) and Rain Industries (India), where markets have severely undervalued cyclical companies.", "sort_date": "2025-09-06", "company": "Washington Post", "market": "USA", "type": "watching", "quote": "market cap was around $80 million, private transaction would have sold for 400 million", "context": "Pabrai uses this as an example of Buffett's strategy when a stock is severely undervalued due to market uncertainty", "confidence": 75}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "REASS", "market": "Turkey", "type": "owns", "quote": "I've now owned REASS for four years", "context": "Pabrai has held REASS in his portfolio for four years and was recently in Turkey to meet with management", "confidence": 95}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "REASS", "market": "Turkey", "type": "bullish", "quote": "he's the Energizer Bunny so he probably gets like 72 hours of work done in 24 hours", "context": "Pabrai is impressed by the CEO after meeting him in person—he compares him to Greg Abel", "confidence": 88}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "Tencent", "market": "China", "type": "bullish", "quote": "Walmart and Amazon and Costco and 10 cent all together", "context": "Cites Tencent (10 cents = Tencent) as an example of a great business, mentions Pony Ma", "confidence": 75}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "Walmart", "market": "United States", "type": "bullish", "quote": "think about a portfolio at Walmart and Amazon and Costco", "context": "Cites Walmart as an example of a great business, along with Amazon and Costco", "confidence": 65}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "Amazon", "market": "United States", "type": "bullish", "quote": "think about a portfolio at Walmart and Amazon and Costco", "context": "Cite Amazon as an example of a great business", "confidence": 65}, {"video_title": "“That ONE STOCK in Your Portfolio Changes Everything” - Mohnish Pabrai | Stocks | Investment", "id": "OJ6TDCSi78Q", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-04", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his investment philosophy, focusing on his Turkish investment REASS, emphasizes the importance of patience, and accepts high error rates as long as one holds exceptional businesses.", "sort_date": "2025-09-04", "company": "Costco", "market": "United States", "type": "bullish", "quote": "think about a portfolio at Walmart and Amazon and Costco", "context": "Cite Costco as an example of a great business", "confidence": 65}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "bearish", "quote": "from 2007 to 2009 went down almost 70% 2/3", "context": "Dramatic loss during the financial crisis; the portfolio lost nearly two-thirds of its value", "confidence": 99}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "bullish", "quote": "from 95 to 99 it was compounding at more than 70% a year", "context": "His personal portfolio performance from 1995 to 1999, with very high returns during that period", "confidence": 98}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "bullish", "quote": "from 99 to 2007 we had done mid30s per year before fees", "context": "Pabrai Funds Performance 1999–2007: Solid annual returns of over 30% prior to the financial crisis", "confidence": 98}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "bullish", "quote": "we are right on track from where we started till now exactly where I need to be", "context": "Total performance since its launch in 1995 has been exactly in line with its target of 26% annually, despite the crisis that occurred in the meantime", "confidence": 97}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "owns", "quote": "I was running a technology company an IT company IT services", "context": "Pabrai describes the IT company he ran before embarking on his career in investing and which he partially sold", "confidence": 95}, {"video_title": "How to Compound SMALL MONEY! | Mohnish Pabrai | Stocks | Investment", "id": "MUhTFatkkhU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-09-02", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai describes his personal compounding journey from 1995 to the present, with returns of over 70% in the 1990s, a 70% crash from 2007 to 2009, but remaining right on track for his 26% annual target in the long term", "sort_date": "2025-09-02", "company": null, "market": "Unknown", "type": "bullish", "quote": "from 2009 onwards it got back on track", "context": "Recovery following the financial crisis; portfolio performance returned to normal", "confidence": 95}, {"video_title": "“I NEVER TAKE RISK BUT…” - Mohnish Pabrai | Stocks | Investment", "id": "HYE58-r6GVs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his asymmetric Dhandho philosophy using his IPSCO investment (3x return) and his current interest in the coal industry, where he sees extreme valuation anomalies", "sort_date": "2025-08-31", "company": "IPSCO", "market": "Canada", "type": "bought", "quote": "I made the investment. I put 10% of assets into IPSCO", "context": "Bought IPSCO in 2003/2004 at $45, with $15 in cash, no debt, 3x earnings, and long-term contracts worth over $15 per year", "confidence": 98}, {"video_title": "“I NEVER TAKE RISK BUT…” - Mohnish Pabrai | Stocks | Investment", "id": "HYE58-r6GVs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his asymmetric Dhandho philosophy using his IPSCO investment (3x return) and his current interest in the coal industry, where he sees extreme valuation anomalies", "sort_date": "2025-08-31", "company": "IPSCO", "market": "Canada", "type": "sold", "quote": "Some Swedish company came and offered 160 to buy them. 5 minutes later, I sold", "context": "Pabrai sold IPSCO after a Swedish company offered $160 for it, having bought it for $45", "confidence": 95}, {"video_title": "“I NEVER TAKE RISK BUT…” - Mohnish Pabrai | Stocks | Investment", "id": "HYE58-r6GVs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his asymmetric Dhandho philosophy using his IPSCO investment (3x return) and his current interest in the coal industry, where he sees extreme valuation anomalies", "sort_date": "2025-08-31", "company": null, "market": "USA", "type": "watching", "quote": "Last year I spent about seven or eight months studying the coal industry", "context": "I conducted an in-depth analysis of the coal industry due to extreme valuation anomalies—companies generating $1 billion in annual cash flow for 50 years were available for purchase for less than $2 billion", "confidence": 85}, {"video_title": "“I NEVER TAKE RISK BUT…” - Mohnish Pabrai | Stocks | Investment", "id": "HYE58-r6GVs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-31", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his asymmetric Dhandho philosophy using his IPSCO investment (3x return) and his current interest in the coal industry, where he sees extreme valuation anomalies", "sort_date": "2025-08-31", "company": null, "market": "USA", "type": "bullish", "quote": "business that is going to exist for 50 years producing a billion a year available for less than 2 billion", "context": "Sees significant valuation anomalies in the coal industry due to ESG restrictions and market sentiment, and is interested in this sector", "confidence": 80}, {"video_title": "How to Grow Small Portfolio | Mohnish Pabrai | Stocks | Investment", "id": "997-0FLPkQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that if he were to start over with a small amount of capital, he would invest in special situations and anomalies that are inaccessible to large funds, and he emphasizes the structural advantage of small investors.", "sort_date": "2025-08-30", "company": null, "market": "Special Situations", "type": "bullish", "quote": "the anomalies would be of deep interest. These weird special situations", "context": "If he were to start over with $1 million, Pabrai would primarily invest in special situations and anomalies that are inaccessible to large funds", "confidence": 92}, {"video_title": "How to Grow Small Portfolio | Mohnish Pabrai | Stocks | Investment", "id": "997-0FLPkQ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains that if he were to start over with a small amount of capital, he would invest in special situations and anomalies that are inaccessible to large funds, and he emphasizes the structural advantage of small investors.", "sort_date": "2025-08-30", "company": null, "market": "Options Market", "type": "watching", "quote": "I could even do some of it with long-term options", "context": "He would use long-term options to invest small amounts, which isn't possible with large funds", "confidence": 88}, {"video_title": "Mohnish Pabrai: The Memory Industry -Samsung SK Hynix and Micron #shorts #investing #mohnishpabrai", "id": "2PS04MH2auc", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-08-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his observation that memory manufacturers such as Micron, SK Hynix, and Samsung frequently communicate with one another to signal their production capacity", "sort_date": "2025-08-30", "company": "Micron", "market": "Global", "type": "watching", "quote": "I was really surprised when I was looking at the businesses", "context": "Pabrai analyzes the memory industry and examines Micron alongside SK Hynix and Samsung", "confidence": 75}, {"video_title": "Mohnish Pabrai: The Memory Industry -Samsung SK Hynix and Micron #shorts #investing #mohnishpabrai", "id": "2PS04MH2auc", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-08-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his observation that memory manufacturers such as Micron, SK Hynix, and Samsung frequently communicate with one another to signal their production capacity", "sort_date": "2025-08-30", "company": "SK Hynix", "market": "Global", "type": "watching", "quote": "What I see with Micron and Highinx and Samsung", "context": "He is monitoring SK Hynix as part of his analysis of the memory chip industry", "confidence": 75}, {"video_title": "Mohnish Pabrai: The Memory Industry -Samsung SK Hynix and Micron #shorts #investing #mohnishpabrai", "id": "2PS04MH2auc", "channel": "Mystery of Wall Street", "source_url": "", "published_at": "2025-08-30", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his observation that memory manufacturers such as Micron, SK Hynix, and Samsung frequently communicate with one another to signal their production capacity", "sort_date": "2025-08-30", "company": "Samsung", "market": "Global", "type": "watching", "quote": "What I see with Micron and Highinx and Samsung", "context": "Samsung is identified as one of the three major memory manufacturers", "confidence": 75}, {"video_title": "“Don’t use STOP LOSS” | Mohnish Pabrai | Stocks | Investment ", "id": "iEhoVjrfT64", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why stop-loss strategies don't make sense in value investing and uses Maruti as an example of successful investments despite initial price declines", "sort_date": "2025-08-29", "company": "Maruti", "market": "India", "type": "bought", "quote": "when I was buying Maruti 3 or 4 years ago stock was at 170 RMB", "context": "Pabrai bought Maruti 3–4 years ago at 170 RMB; the stock subsequently fell to 150, but he held on to it", "confidence": 95}, {"video_title": "“Don’t use STOP LOSS” | Mohnish Pabrai | Stocks | Investment ", "id": "iEhoVjrfT64", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-29", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why stop-loss strategies don't make sense in value investing and uses Maruti as an example of successful investments despite initial price declines", "sort_date": "2025-08-29", "company": "Amazon", "market": "US", "type": "watching", "quote": "let's say Amazon is a company selling for $1,200 a share", "context": "Pabrai uses Amazon as an example to explain why market prices do not always reflect intrinsic value", "confidence": 30}, {"video_title": "Dando Way to 80% - Mohnish Pabrai on The Diary Of A CEO #motels #patelownership #patels #dandoway", "id": "VL26U1ROylY", "channel": "stocks.trndgtr", "source_url": "", "published_at": "2025-08-27", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains the Dando principle using the example of how the Patels acquired 80% of U.S. motels through collaboration and mutual support", "sort_date": "2025-08-27", "company": null, "market": "United States", "type": "watching", "quote": "80% of all motels in the US are under Patel ownership", "context": "Pabrai explains how the Patel community has systematically dominated the U.S. motel market through the \"dando\" principle (mutual support) — 0.1% of the population controls 80% of the motels", "confidence": 75}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "Starbucks", "market": "United States", "type": "bearish", "quote": "I always looked at it, always thought it was expensive, never bought it", "context": "Although he admires the business model (18–24-month payback period, international expansion within 12 months), he has never bought it because it was always too expensive for him", "confidence": 95}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "funeral services companies (zwei ungenannte)", "market": "United States", "type": "bought", "quote": "two funeral services companies at a P of two, eventually I made the investment and it worked really well", "context": "Twenty years ago, Pabrai bought two funeral service companies that were overvalued following a roll-up, at a P/E ratio of 2, and it worked out very well", "confidence": 92}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "Chipotle", "market": "United States", "type": "bearish", "quote": "big fan of Chipotle for 20 years, knew 20 years ago was a great business, just watching instead of doing something", "context": "He has recognized for 20 years that Chipotle is a great business, is a customer, but has never invested—and apparently regrets it", "confidence": 90}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "Amazon", "market": "United States", "type": "bearish", "quote": "Amazon crosses my desk at $10 a share 18-20 years ago, I'm too dense to figure it out and I let it go", "context": "He didn't understand Amazon 18–20 years ago when it was trading at $10 and let the opportunity slip by—a missed investment opportunity that he describes as his own stupidity", "confidence": 88}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "Fiat Chrysler", "market": "United States", "type": "watching", "quote": "I was then looking at Fiat Chrysler, revenues were 140 billion and market cap was 5 billion, trading at 3-4% of revenue", "context": "In 2012, he considered Fiat Chrysler to be severely undervalued at 3–4% of revenue, after the auto industry had resolved many of its problems in 2009", "confidence": 80}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "GM", "market": "United States", "type": "watching", "quote": "in 2012 I was looking at the auto industry, had first looked at GM", "context": "In 2012, he analyzed GM to understand why other investors were buying this \"crappy business,\" but he didn't buy any shares himself", "confidence": 75}, {"video_title": "5-Minute Stock Filter by Mohnish Pabrai | Stocks | Investment", "id": "xTmqgnesqFs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-26", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his 5-minute screening process, describes successful investments in Funeral Services and Fiat Chrysler, and discusses missed opportunities with Amazon, Starbucks, and Chipotle—companies he never bought even though he admired their business models.", "sort_date": "2025-08-26", "company": "pets.com", "market": "United States", "type": "sold", "quote": "if I make an investment in pets.com and it doesn't work, that's where you pay the penalty", "context": "He uses pets.com as an example of a failed investment where you actually lose money—it's unclear whether he invested in it himself or was just using it as an example", "confidence": 45}, {"video_title": "“The Only Asset That Creates Billionaires” - Mohnish Pabrai | Stocks | Investment", "id": "VlZR227Ipko", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why auction-driven stock markets present unique inefficiencies that do not exist in other asset classes, illustrating his point with examples from Turkey and the tech boom of the 1990s", "sort_date": "2025-08-25", "company": null, "market": "Turkey", "type": "bought", "quote": "this company in Turkey which was 16 million market cap I'll give you 25 million", "context": "Pabrai attempted to buy a Turkish company for $25 million that was valued at $16 million on the market, and used this as an example of market inefficiency", "confidence": 75}, {"video_title": "“The Only Asset That Creates Billionaires” - Mohnish Pabrai | Stocks | Investment", "id": "VlZR227Ipko", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why auction-driven stock markets present unique inefficiencies that do not exist in other asset classes, illustrating his point with examples from Turkey and the tech boom of the 1990s", "sort_date": "2025-08-25", "company": "PeopleSoft", "market": "USA", "type": "bullish", "quote": "software companies trading at very high multiples trailing PE more than 100", "context": "In the 1990s, Pabrai recognized that PeopleSoft was overvalued due to its high price-to-earnings ratio and instead founded a service company", "confidence": 65}, {"video_title": "“The Only Asset That Creates Billionaires” - Mohnish Pabrai | Stocks | Investment", "id": "VlZR227Ipko", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why auction-driven stock markets present unique inefficiencies that do not exist in other asset classes, illustrating his point with examples from Turkey and the tech boom of the 1990s", "sort_date": "2025-08-25", "company": "Business Objects", "market": "USA", "type": "bullish", "quote": "we set up a business objects practice", "context": "Pabrai saw Business Objects' high valuation as a sign of growth and launched a service practice instead of investing", "confidence": 60}, {"video_title": "“The Only Asset That Creates Billionaires” - Mohnish Pabrai | Stocks | Investment", "id": "VlZR227Ipko", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-25", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains why auction-driven stock markets present unique inefficiencies that do not exist in other asset classes, illustrating his point with examples from Turkey and the tech boom of the 1990s", "sort_date": "2025-08-25", "company": "Reliance", "market": "India", "type": "watching", "quote": "even if you look at Reliance or any blue chip stock wide range 52-week", "context": "Pabrai uses Reliance as an example of the volatility of blue-chip stocks in auction markets", "confidence": 40}, {"video_title": "“Low Risk, Maximum Reward” | Mohnish Pabrai | Stocks | Investment", "id": "tfpHHhI0fJ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that true entrepreneurs, like investors, minimize risk, and cites examples such as Buffett’s pinball business, Virgin Atlantic, and Dell, which all started with minimal capital", "sort_date": "2025-08-24", "company": null, "market": "United States", "type": "bullish", "quote": "million businesses get formed in the United States", "context": "Pabrai explains that about one million non-venture-backed companies are founded each year in the United States, a trend he views as positive for the economic landscape", "confidence": 65}, {"video_title": "“Low Risk, Maximum Reward” | Mohnish Pabrai | Stocks | Investment", "id": "tfpHHhI0fJ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that true entrepreneurs, like investors, minimize risk, and cites examples such as Buffett’s pinball business, Virgin Atlantic, and Dell, which all started with minimal capital", "sort_date": "2025-08-24", "company": "Virgin Atlantic", "market": "UK", "type": "bullish", "quote": "Branson got Virgin Atlantic off the ground with no money", "context": "Pabrai cites Virgin Atlantic as an example of low-risk entrepreneurial thinking—Branson leased a 747 from Boeing and used negative working capital to launch the airline without any equity", "confidence": 55}, {"video_title": "“Low Risk, Maximum Reward” | Mohnish Pabrai | Stocks | Investment", "id": "tfpHHhI0fJ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that true entrepreneurs, like investors, minimize risk, and cites examples such as Buffett’s pinball business, Virgin Atlantic, and Dell, which all started with minimal capital", "sort_date": "2025-08-24", "company": "Dell", "market": "United States", "type": "bullish", "quote": "Michael Dell started in his dorm room and we have now Dell computers", "context": "Pabrai cites Dell as another example of low-risk entrepreneurial growth—it started with three computers in a dorm room", "confidence": 50}, {"video_title": "“Low Risk, Maximum Reward” | Mohnish Pabrai | Stocks | Investment", "id": "tfpHHhI0fJ0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-24", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his philosophy that true entrepreneurs, like investors, minimize risk, and cites examples such as Buffett’s pinball business, Virgin Atlantic, and Dell, which all started with minimal capital", "sort_date": "2025-08-24", "company": "Boeing", "market": "United States", "type": "watching", "quote": "lease it for about 200,000 a month", "context": "The mention of how Boeing leased an unused 747 to Branson—highlights Pabrai's interest in creative, low-risk business models", "confidence": 45}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": "Ferrari", "market": "Italy", "type": "sold", "quote": "I used to own approximately 1% of Ferrari, I sold it", "context": "He sold his ~1% stake in Ferrari, which would be worth about a billion dollars today—and calls this his biggest mistake (mistake of omission)", "confidence": 98}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": "Fiat Chrysler Automobiles", "market": "USA", "type": "sold", "quote": "I sold in 2017 or 2018 after they took Ferrari public", "context": "Pabrai sold his stake in Fiat Chrysler after Ferrari was spun off, a move he later described as a major mistake, as he should have kept ~1% of Ferrari", "confidence": 95}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": "Apple", "market": "USA", "type": "bearish", "quote": "Apple I find somewhat risky as an investment, nothing new has come out since Steve Jobs left", "context": "He is critical of Apple because there has been no innovation since Jobs' death and the smartphone format could eventually become obsolete", "confidence": 90}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": null, "market": "USA", "type": "watching", "quote": "S&P 500 is somewhat overheated right now but with long time horizon perfectly okay", "context": "He considers the S&P 500 to be overvalued, but still recommends it for dollar-cost averaging with a long-term horizon", "confidence": 85}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": "IKEA", "market": "Sweden", "type": "bullish", "quote": "IKEA never took debt, every decision with 500 year view, very remarkable", "context": "He speaks very highly of IKEA's business model—zero debt, long-term thinking, continuous innovation—it sounds like he really admires it", "confidence": 82}, {"video_title": "Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!", "id": "qgeQ5kMVwRA", "channel": "The Diary Of A CEO", "source_url": "", "published_at": "2025-08-21", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains his Dhandho investment philosophy (minimize risk, maximize upside), talks about his biggest mistake (selling Ferrari too early), takes a critical view of Apple, and considers the S&P overvalued but okay in the long term", "sort_date": "2025-08-21", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "You could buy Berkshire Hathaway BRKB, it's like an index, set it and forget it", "context": "He recommends Berkshire as an alternative to the S&P 500 Index for long-term investors—which sounds like a positive assessment", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Edelweiss", "market": "India", "type": "owns", "quote": "our largest position in the fund is edelwise", "context": "Edelweiss is the largest holding in the Wagons Fund, with strong conviction based on the embedded value in EA and other spin-offs", "confidence": 98}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "our next highest conviction idea is TAV Airports", "context": "Second-largest position, holds stakes in several airports, including Almaty. Recently visited Ankara and Bodrum airports for an in-depth analysis", "confidence": 97}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Edelweiss Alternative Assets (EA)", "market": "India", "type": "bullish", "quote": "EA stake alone exceeds entire market cap with no value given other businesses", "context": "EA's market value alone already exceeds Edelweiss's total market capitalization; an IPO is expected in April 2026 with a valuation of $1–2 billion", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Warrior Met Coal", "market": "United States", "type": "owns", "quote": "warrior would clearly fall in the lowest first quartile on the seaborne cost curve", "context": "Lowest quartile in metallurgical coal costs, advantage from surface transport, production expected to rise from 8 to 12 million tons by early 2027", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "RAS Logistics", "market": "Turkey", "type": "owns", "quote": "we are at a little under 33% in RAS logistics, wagons fund has an interest", "context": "Just under 33% across all Pabrai Funds; the Wagons Fund was able to build a position after the Dahl Street Fund reduced its holdings. Significantly undervalued", "confidence": 94}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Alpha Metallurgical (Alpha)", "market": "United States", "type": "owns", "quote": "when we look at alpha, they're not as low as Warrior but took cost down quite a bit", "context": "Metallurgical coal producer saw a sharp drop in costs last quarter, with virtually no cash burn despite low prices", "confidence": 93}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Nuama (formerly Edelweiss Wealth Management)", "market": "India", "type": "sold", "quote": "they spun off 30% to Edelwise shareholders and retained 14% which they subsequently sold off gradually", "context": "Edelweiss gradually sold its remaining stake in Nuama following the spin-off; it had previously been very profitable", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Valaris", "market": "United States", "type": "owns", "quote": "Valaris has three cold stacked 7th gen drill ships, very impressed with management", "context": "Offshore driller with three idle drilling vessels, excellent management, no balance sheet pressure to force unwise deals", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Noble Corporation", "market": "United States", "type": "owns", "quote": "we have three bets in offshore oil services space: noble, valaris and tidewater", "context": "One of three positions in offshore drilling, a sector with a high replacement cost of $25 billion versus a market cap of $3 billion", "confidence": 91}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "RAS REIT", "market": "Turkey", "type": "owns", "quote": "we've been increasing our stake in RAS REIT, wagons fund has interest in both", "context": "Separate RAS Entity (Real Estate), is being increased because it is 62% controlled by RAS Logistics; there are no ownership restrictions here", "confidence": 91}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Tidewater", "market": "United States", "type": "owns", "quote": "we have three bets in offshore oil services: noble, valaris and tidewater", "context": "Third position in the offshore oil services sector, part of the 12% allocation to this sector", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Prypoint Homes", "market": "United States", "type": "sold", "quote": "when and why did you sell Prypoint homes - had to make room for higher conviction bets", "context": "Sold due to opportunity costs to make room for Edelweiss (20%), Offshore Drillers (12%), and RAS", "confidence": 89}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "TAV Airports (Almaty Airport)", "market": "Kazakhstan", "type": "bullish", "quote": "Almaty likely producing 150-200 million a year free cash flow in four or five years", "context": "Almaty is wholly owned (not a BOT model) and could be sold for over 10 billion in 2035, given that TAV’s market cap is only 2.4 billion.", "confidence": 88}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Core Natural Resources", "market": "Global", "type": "sold", "quote": "we prefer the pure metco miners, Core has more diversified portfolio and some assets we're not great fans of", "context": "Sold to favor pure-play metallurgical coal miners like Alpha and Warrior over a diversified portfolio", "confidence": 88}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Coca-Cola Icecek (CCI)", "market": "Turkey", "type": "sold", "quote": "we had good meetings with them, nothing gets us excited to go back in versus our portfolio", "context": "Visited CCI in Istanbul last week; no plans to return. Facing headwinds due to Gaza boycotts in Bangladesh and Turkey", "confidence": 87}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Brookfield Asset Management", "market": "Canada", "type": "sold", "quote": "what made you exit - opportunity cost when we had those positions coming in", "context": "Sold due to opportunity costs to make room for positions with stronger conviction, such as Edelweiss and offshore drillers", "confidence": 86}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "FS (Turkish company)", "market": "Turkey", "type": "sold", "quote": "we did not meet FS on this trip, no position and no plans to take position", "context": "No longer in the portfolio; did not meet with management during the trip to Istanbul; no plans for re-entry", "confidence": 85}, {"video_title": "How ONE Stock Made him a Billionaire | Mohnish Pabrai | Investment ", "id": "zJv0hXJ-Bjs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Nick Sleep's investment in Amazon and discusses why he himself has historically viewed Amazon as overvalued, but praises Berkshire, Amazon, and Costco as \"built-to-last\" businesses", "sort_date": "2025-08-20", "company": "Amazon", "market": "US", "type": "bullish", "quote": "one/3 Berkshire, one/3 Amazon, one/3 Costco very built to last businesses", "context": "Pabrai praises Amazon as a \"built-to-last\" business with high returns on capital thanks to Bezos, a talented capital allocator", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Auto Dealerships (unnamed)", "market": "United States", "type": "owns", "quote": "wagons fund has some exposure to auto dealerships, we like the plays, held them for a while", "context": "Holds several (approx. 3) auto dealers; not my top pick, but I like the play. The value lies in parts and service, not new cars.", "confidence": 84}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Homebuilders (unnamed, 2 positions)", "market": "United States", "type": "owns", "quote": "in the home builders we've got two bets", "context": "Holds two homebuilder positions, part of sector-based strategies with multiple names per sector", "confidence": 82}, {"video_title": "How ONE Stock Made him a Billionaire | Mohnish Pabrai | Investment ", "id": "zJv0hXJ-Bjs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Nick Sleep's investment in Amazon and discusses why he himself has historically viewed Amazon as overvalued, but praises Berkshire, Amazon, and Costco as \"built-to-last\" businesses", "sort_date": "2025-08-20", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "one/3 Berkshire, one/3 Amazon, one/3 Costco very built to last businesses", "context": "Pabrai praises Nick Sleep's portfolio selection and cites Berkshire as one of three excellent long-term investments", "confidence": 82}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Aeroports de Paris", "market": "France", "type": "watching", "quote": "French company airport Paris owns 46% of TAV, would like TAV to distribute half or more of earnings", "context": "46% of TAV shareholders are pushing for dividends starting in 2026; Pabrai views this as a positive, sobering influence on TAV", "confidence": 81}, {"video_title": "How ONE Stock Made him a Billionaire | Mohnish Pabrai | Investment ", "id": "zJv0hXJ-Bjs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Nick Sleep's investment in Amazon and discusses why he himself has historically viewed Amazon as overvalued, but praises Berkshire, Amazon, and Costco as \"built-to-last\" businesses", "sort_date": "2025-08-20", "company": "Costco", "market": "US", "type": "bullish", "quote": "one/3 Berkshire, one/3 Amazon, one/3 Costco very built to last businesses", "context": "Pabrai cites Costco as one of three excellent long-term investments in Nick Sleep's portfolio", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Havash (TAV Ground Handling)", "market": "Turkey", "type": "bullish", "quote": "Havash their ground handling company probably has multi-billion value", "context": "TAV's ground handling subsidiary is estimated to be worth several billion dollars", "confidence": 78}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "TAV Technologies", "market": "Turkey", "type": "bullish", "quote": "TAV technologies growing so fast, probably in four or five years also worth over a billion", "context": "A subsidiary of TAV Airports, it is growing very rapidly and could be worth over 1 billion in 4–5 years", "confidence": 75}, {"video_title": "How ONE Stock Made him a Billionaire | Mohnish Pabrai | Investment ", "id": "zJv0hXJ-Bjs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-20", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai analyzes Nick Sleep's investment in Amazon and discusses why he himself has historically viewed Amazon as overvalued, but praises Berkshire, Amazon, and Costco as \"built-to-last\" businesses", "sort_date": "2025-08-20", "company": "Amazon", "market": "US", "type": "watching", "quote": "every time I would take a cursory glance at Amazon it looked very expensive", "context": "Pabrai explains why he hasn't bought Amazon in the past—it looked too expensive on a P/E basis", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "Norfolk Southern", "market": "United States", "type": "watching", "quote": "Norfolk Southern UP merger has almost no impact on our coal miners because very regional shipping", "context": "The Union Pacific merger with Norfolk Southern is being monitored, but is not expected to have an impact on Alpha/Warrior", "confidence": 72}, {"video_title": "Pabrai Wagons Fund Shareholder Call - August 20, 2025 - Mohnish Pabrai", "id": "Qj8rQe1sCA8", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-08-20", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - August 20, 2025", "summary": "Pabrai discusses his Wagons Fund portfolio in detail: the largest holdings are Edelweiss (due to the EA IPO) and TAV Airports, along with coal miners, offshore drillers, RAS in Turkey, and smaller holdings in auto dealerships and homebuilders", "sort_date": "2025-08-20", "company": "AutoZone", "market": "United States", "type": "bullish", "quote": "with tariffs and increased price of new cars, fleet may get older, good for AutoZone and dealerships", "context": "The U.S. vehicle fleet is aging, and tariffs are making new cars more expensive—a positive development for the aftermarket and dealer service departments", "confidence": 68}, {"video_title": "“Wealth is in Small Caps Stocks!” - Mohnish Pabrai | Investment", "id": "c7uOKktlvgY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of small-cap stocks and Pat-Ones as a hedge against overvalued growth expectations, offers a critical analysis of a Turkish cement company, and warns against the erosion of competitive advantages by capitalism.", "sort_date": "2025-08-19", "company": null, "market": "India", "type": "bearish", "quote": "one of the reasons why it's such such a terrible business in India", "context": "Pabrai describes the cement industry in India as a terrible business due to limited barriers to entry, despite advantages in access to limestone and coal", "confidence": 90}, {"video_title": "“Wealth is in Small Caps Stocks!” - Mohnish Pabrai | Investment", "id": "c7uOKktlvgY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of small-cap stocks and Pat-Ones as a hedge against overvalued growth expectations, offers a critical analysis of a Turkish cement company, and warns against the erosion of competitive advantages by capitalism.", "sort_date": "2025-08-19", "company": null, "market": "United States", "type": "bullish", "quote": "stick with the small and nano caps", "context": "Pabrai recommends small- and nano-cap stocks because few companies manage to generate profits of $200 million to $500 million; smaller profit targets are easier to achieve", "confidence": 85}, {"video_title": "“Wealth is in Small Caps Stocks!” - Mohnish Pabrai | Investment", "id": "c7uOKktlvgY", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-19", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai emphasizes the importance of small-cap stocks and Pat-Ones as a hedge against overvalued growth expectations, offers a critical analysis of a Turkish cement company, and warns against the erosion of competitive advantages by capitalism.", "sort_date": "2025-08-19", "company": null, "market": "Turkey", "type": "watching", "quote": "if I go back to this company in Turkey the cement company", "context": "Pabrai analyzes a Turkish cement company, mentions a discussion with the CFO about replacement cost, but sees uncertainty regarding the strength of the moat", "confidence": 75}, {"video_title": "Mohnish Pabrai on His Investment Track Record | Stocks", "id": "XE5rDEvzOJw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his track record from 1994 to the present, explains that after a weak period from 2018 to 2020, he has outperformed the S&P since 2020, and reflects on his good fortune during the dot-com bubble versus his losses during the financial crisis.", "sort_date": "2025-08-18", "company": null, "market": "US", "type": "bearish", "quote": "we had some investments go to zero", "context": "During the 2008 financial crisis, Pabrai suffered total losses on some of his positions", "confidence": 95}, {"video_title": "Mohnish Pabrai on His Investment Track Record | Stocks", "id": "XE5rDEvzOJw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his track record from 1994 to the present, explains that after a weak period from 2018 to 2020, he has outperformed the S&P since 2020, and reflects on his good fortune during the dot-com bubble versus his losses during the financial crisis.", "sort_date": "2025-08-18", "company": null, "market": "US", "type": "bullish", "quote": "I completely sidestepped the bubble and did really well", "context": "Pabrai avoided the dot-com bubble thanks to insights he gained early on from private investments", "confidence": 90}, {"video_title": "Mohnish Pabrai on His Investment Track Record | Stocks", "id": "XE5rDEvzOJw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his track record from 1994 to the present, explains that after a weak period from 2018 to 2020, he has outperformed the S&P since 2020, and reflects on his good fortune during the dot-com bubble versus his losses during the financial crisis.", "sort_date": "2025-08-18", "company": null, "market": "US", "type": "bullish", "quote": "from 2020 onwards we are again beating the S&P", "context": "Pabrai says his funds have been outperforming the S&P 500 again since 2020", "confidence": 85}, {"video_title": "Mohnish Pabrai on His Investment Track Record | Stocks", "id": "XE5rDEvzOJw", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-18", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his track record from 1994 to the present, explains that after a weak period from 2018 to 2020, he has outperformed the S&P since 2020, and reflects on his good fortune during the dot-com bubble versus his losses during the financial crisis.", "sort_date": "2025-08-18", "company": null, "market": "US", "type": "bullish", "quote": "we should end up with a decent record", "context": "Pabrai is confident that his long-term performance will be strong", "confidence": 70}, {"video_title": "Why 90% of Investors Fail Without Conviction | Mohnish Pabrai | Stocks | Investment", "id": "72AIX5ajhK0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how important conviction is in investing and uses his investment in Turkish Warehouse and Starbucks as examples of simple, easy-to-understand investment theses", "sort_date": "2025-08-17", "company": null, "market": "Turkey", "type": "owns", "quote": "when I invested, the value per square foot was about $80", "context": "Pabrai has invested in a Turkish warehouse company with 12 million square feet of space in Istanbul, valued at approximately $1 billion", "confidence": 95}, {"video_title": "Why 90% of Investors Fail Without Conviction | Mohnish Pabrai | Stocks | Investment", "id": "72AIX5ajhK0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how important conviction is in investing and uses his investment in Turkish Warehouse and Starbucks as examples of simple, easy-to-understand investment theses", "sort_date": "2025-08-17", "company": null, "market": "Turkey", "type": "bullish", "quote": "it may be 200 a square foot at some point, but it will not go to 30", "context": "He is convinced that the value per square foot of Turkish warehouse space will not fall, but will actually rise even in the face of inflation", "confidence": 90}, {"video_title": "Why 90% of Investors Fail Without Conviction | Mohnish Pabrai | Stocks | Investment", "id": "72AIX5ajhK0", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-17", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how important conviction is in investing and uses his investment in Turkish Warehouse and Starbucks as examples of simple, easy-to-understand investment theses", "sort_date": "2025-08-17", "company": "Starbucks", "market": "USA", "type": "bullish", "quote": "at 20 years from now I think it can easily be 25,000 stores", "context": "As an example of Conviction, he cites Starbucks, which has strong growth potential—expanding from 5,000 to 25,000 stores over the next 20 years", "confidence": 75}, {"video_title": "Portfolio of 30 Stocks or Just 3? | Mohnish Pabrai | Investment", "id": "3VlT8myRQ9s", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for concentrated portfolios of 3 to 10 stocks rather than 30, based on Charlie Munger’s philosophy, and reveals that his own portfolios are highly concentrated, often consisting of just 1 to 5 positions.", "sort_date": "2025-08-14", "company": null, "market": "Personal Portfolio", "type": "owns", "quote": "sometimes I've had one stock in my personal portfolio", "context": "Pabrai explains that he sometimes holds only a single stock position in his personal portfolio", "confidence": 95}, {"video_title": "Portfolio of 30 Stocks or Just 3? | Mohnish Pabrai | Investment", "id": "3VlT8myRQ9s", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for concentrated portfolios of 3 to 10 stocks rather than 30, based on Charlie Munger’s philosophy, and reveals that his own portfolios are highly concentrated, often consisting of just 1 to 5 positions.", "sort_date": "2025-08-14", "company": null, "market": "Dakshina Foundation", "type": "owns", "quote": "north of 20 or 22 23 million in marketable securities", "context": "The Dakshina Foundation holds over $22–23 million in marketable securities", "confidence": 95}, {"video_title": "Portfolio of 30 Stocks or Just 3? | Mohnish Pabrai | Investment", "id": "3VlT8myRQ9s", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for concentrated portfolios of 3 to 10 stocks rather than 30, based on Charlie Munger’s philosophy, and reveals that his own portfolios are highly concentrated, often consisting of just 1 to 5 positions.", "sort_date": "2025-08-14", "company": null, "market": "Personal Portfolio", "type": "owns", "quote": "I don't think I've had many occasions when there been more than four or five positions", "context": "In his personal portfolio, Pabrai rarely held more than 4 or 5 positions at a time", "confidence": 92}, {"video_title": "Portfolio of 30 Stocks or Just 3? | Mohnish Pabrai | Investment", "id": "3VlT8myRQ9s", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-14", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai advocates for concentrated portfolios of 3 to 10 stocks rather than 30, based on Charlie Munger’s philosophy, and reveals that his own portfolios are highly concentrated, often consisting of just 1 to 5 positions.", "sort_date": "2025-08-14", "company": null, "market": "Dakshina Foundation", "type": "owns", "quote": "most of it is in more than three positions", "context": "The Dakshina Foundation (US$22–23 million) is primarily invested in no more than three positions", "confidence": 90}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Indian Energy Exchange", "market": "India", "type": "owns", "quote": "I invested in about three years ago called Indian energy exchange", "context": "Pabrai has owned IEX for about three years; it is a spot market for electricity with a 95–98% market share", "confidence": 95}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Indian Energy Exchange", "market": "India", "type": "bullish", "quote": "we've had so far 5x or 6x return since we invested", "context": "The investment has already increased five- to sixfold, and Pabrai is very pleased with it", "confidence": 95}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Indian Energy Exchange", "market": "India", "type": "owns", "quote": "IEX is now like 40% of the pie in our India fund", "context": "IEX now accounts for 40% of its India Fund and could grow to 95%; it plans to continue holding", "confidence": 95}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Indian Energy Exchange", "market": "India", "type": "sold", "quote": "I used to own 5% of the business and then COVID hit", "context": "He sold during the pandemic because it looked like a good deal—he calls this a mistake", "confidence": 90}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Indian Energy Exchange", "market": "India", "type": "bullish", "quote": "It could go on for 20 years hallelujah God loves me", "context": "Pabrai believes the business model could remain viable for 20+ years and is very optimistic about the future", "confidence": 85}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Geico", "market": "USA", "type": "bearish", "quote": "They were the best 10 years ago. They're not the best today.", "context": "Geico has been overtaken by Progressive due to telematics technology and is now struggling to catch up", "confidence": 85}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Progressive", "market": "USA", "type": "bullish", "quote": "Progressive is really good at technology and they've had a long head start", "context": "Progressive has built a lead over Geico thanks to its early investments in telematics", "confidence": 80}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "American Tower", "market": "USA", "type": "bullish", "quote": "American Tower is an incredibly great business and it's been a great business", "context": "Take American Tower as an example of a perfect business model with network effects and high margins", "confidence": 75}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Visa", "market": "USA", "type": "watching", "quote": "if you look at Visa and Mastercard, incredible businesses. What do those look like 10 or 20 30 years from now", "context": "Mentions Visa and Mastercard as great companies but expresses uncertainty due to the many changes in the payment sector", "confidence": 60}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Mastercard", "market": "USA", "type": "watching", "quote": "if you look at Visa and Mastercard, incredible businesses. What do those look like 10 or 20 30 years from now", "context": "Mentions Visa and Mastercard as great companies but expresses uncertainty due to the many changes in the payment sector", "confidence": 60}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "American Express", "market": "USA", "type": "watching", "quote": "American Express, so much happening in payments. It may not be easy to figure those things out", "context": "Uncertainty about the future of Amex due to numerous changes in the payments industry", "confidence": 55}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Coca-Cola", "market": "USA", "type": "watching", "quote": "if you look at Coke and the sugar issue where does that go 10 20 30 years from now", "context": "The question is whether sugar will become a problem for Coke; mentions portfolio diversification into non-sugary beverages", "confidence": 50}, {"video_title": "How to Beat 99% of Investors! | Mohnish Pabrai | Stocks | Long-term Investing", "id": "5mcjZeKH32M", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-08-10", "recording_date": null, "date_source": "fallback", "date_evidence": "", "summary": "Pabrai explains how difficult it is to identify long-term competitive advantages and shares details of his highly successful investment in Indian Energy Exchange, which has already returned 5–6 times its initial value and now accounts for 40% of his India Fund.", "sort_date": "2025-08-10", "company": "Fair Isaac", "market": "USA", "type": "bullish", "quote": "if I look at IEX today trailing earnings it might be trading at 80 or 100 times earnings like Fair Isaac", "context": "Compare IEX with Fair Isaac as examples of spectacular businesses that always seem expensive", "confidence": 45}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": "Ferrari", "market": "Unknown", "type": "sold", "quote": "I would have about a billion more if I had not done that stupid thing", "context": "Pabrai deeply regrets selling his Ferrari stake, which he held through Fiat Chrysler—calling it one of his biggest mistakes", "confidence": 98}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": "Fiat Chrysler Automobiles", "market": "Unknown", "type": "sold", "quote": "I sold I used to own approximately 1% of Ferrari", "context": "Pabrai sold his Fiat Chrysler stake in 2017–2018 following Ferrari's IPO—a mistake, since Ferrari is now worth nearly $100 billion", "confidence": 95}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": "Apple", "market": "Unknown", "type": "bearish", "quote": "Apple actually I find somewhat risky as an investment", "context": "Pabrai sees Apple as a risky investment because everything came from Steve Jobs, who is long gone, and there are no longer any real innovations", "confidence": 92}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": null, "market": "Unknown", "type": "bearish", "quote": "I don't see any day traders in the Forbes 400", "context": "Pabrai is against day trading—he says brokers are the ones making the money, not the traders, and there are no rich day traders", "confidence": 90}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": null, "market": "Unknown", "type": "bullish", "quote": "put it into an index just put it into a broad index", "context": "Pabrai recommends that most people simply invest in a broad index rather than picking individual stocks", "confidence": 88}, {"video_title": "Mohnish Pabrai’s Interview session at The Diary of a CEO on July 13, 2025", "id": "vNBluvpgphs", "channel": "Mohnish Pabrai", "source_url": "", "published_at": "2025-09-25", "recording_date": "2025-07-13", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Interview session at The Diary of a CEO on July 13, 2025", "summary": "Pabrai discusses his investment philosophy, which focuses on long-term buy-and-hold investing; he regrets selling Ferrari and warns against Apple and day trading, while recommending index funds and Berkshire", "sort_date": "2025-07-13", "company": "Berkshire Hathaway", "market": "Unknown", "type": "watching", "quote": "you could also do as an alternative is buy Berkshire Hathaway", "context": "Pabrai recommends Berkshire Hathaway as an alternative to the S&P 500 Index for long-term investing—'set it and forget it'", "confidence": 85}, {"video_title": "13F Q2 2025 – WARRIOR MET COAL INC", "id": "13f_0001549575-25-000006_93627C101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000006/0001549575-25-000006-index.htm", "published_at": "2025-08-13", "recording_date": "2025-06-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-06-30", "summary": "SEC 13F-HR Q2 2025: WARRIOR MET COAL INC (HCC) – 1,799,745 shares, $82.5M market value.", "sort_date": "2025-06-30", "company": "WARRIOR MET COAL INC", "market": "United States", "type": "increased", "quote": "Pabrai increased position in WARRIOR MET COAL INC (HCC) to 1,799,745 shares", "context": "Position reported in SEC 13F-HR filing for Q2 2025. Market value: $82.5M. CUSIP: 93627C101.", "confidence": 100}, {"video_title": "13F Q2 2025 – VALARIS LTD", "id": "13f_0001549575-25-000006_G9460G101", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000006/0001549575-25-000006-index.htm", "published_at": "2025-08-13", "recording_date": "2025-06-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-06-30", "summary": "SEC 13F-HR Q2 2025: VALARIS LTD (VAL) – 1,883,777 shares, $79.3M market value.", "sort_date": "2025-06-30", "company": "VALARIS LTD", "market": "United States", "type": "increased", "quote": "Pabrai increased position in VALARIS LTD (VAL) to 1,883,777 shares", "context": "Position reported in SEC 13F-HR filing for Q2 2025. Market value: $79.3M. CUSIP: G9460G101.", "confidence": 100}, {"video_title": "13F Q2 2025 – ALPHA METALLURGICAL RESOUR I", "id": "13f_0001549575-25-000006_020764106", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000006/0001549575-25-000006-index.htm", "published_at": "2025-08-13", "recording_date": "2025-06-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-06-30", "summary": "SEC 13F-HR Q2 2025: ALPHA METALLURGICAL RESOUR I (AMR) – 460,327 shares, $51.8M market value.", "sort_date": "2025-06-30", "company": "ALPHA METALLURGICAL RESOUR I", "market": "United States", "type": "increased", "quote": "Pabrai increased position in ALPHA METALLURGICAL RESOUR I (AMR) to 460,327 shares", "context": "Position reported in SEC 13F-HR filing for Q2 2025. Market value: $51.8M. CUSIP: 020764106.", "confidence": 100}, {"video_title": "13F Q2 2025 – NOBLE CORP PLC", "id": "13f_0001549575-25-000006_G65431127", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000006/0001549575-25-000006-index.htm", "published_at": "2025-08-13", "recording_date": "2025-06-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-06-30", "summary": "SEC 13F-HR Q2 2025: NOBLE CORP PLC (NE) – 1,728,744 shares, $45.9M market value.", "sort_date": "2025-06-30", "company": "NOBLE CORP PLC", "market": "United States", "type": "owns", "quote": "Pabrai holds 1,728,744 shares of NOBLE CORP PLC (NE)", "context": "Position reported in SEC 13F-HR filing for Q2 2025. Market value: $45.9M. CUSIP: G65431127.", "confidence": 100}, {"video_title": "13F Q2 2025 – AUTONATION INC", "id": "13f_0001549575-25-000006_05329W102", "channel": "SEC EDGAR", "source_url": "https://www.sec.gov/Archives/edgar/data/1549575/000154957525000006/0001549575-25-000006-index.htm", "published_at": "2025-08-13", "recording_date": "2025-06-30", "date_source": "explicit", "date_evidence": "SEC 13F-HR filing period of report: 2025-06-30", "summary": "SEC 13F-HR Q2 2025: AUTONATION INC (AN) – 61,000 shares, $12.1M market value.", "sort_date": "2025-06-30", "company": "AUTONATION INC", "market": "United States", "type": "bought", "quote": "Pabrai bought 61,000 shares of AUTONATION INC (AN)", "context": "Position reported in SEC 13F-HR filing for Q2 2025. Market value: $12.1M. CUSIP: 05329W102.", "confidence": 100}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Edelweiss", "market": "India", "type": "owns", "quote": "Edelweiss makes up more than a fifth of the portfolio", "context": "Highest conviction position, expecting multiple spin-offs worth over $1B each from a $1B market cap parent", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "TAV Airports", "market": "Turkey", "type": "owns", "quote": "TAV was about 15-16% of portfolio at year end", "context": "Second largest bet, owns Almaty airport in Kazakhstan, best management team he's met in Turkey, trading at small fraction of intrinsic value", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Core Natural Resources", "market": "United States", "type": "sold", "quote": "we've sold CNR, moved to pure met portfolio", "context": "Sold because it was mixed thermal and met producer, prefers pure metallurgical coal exposure", "confidence": 95}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Rajas", "market": "Turkey", "type": "owns", "quote": "we have a very sizable stake in Rajas", "context": "High conviction in father-son management team, never seen them make a mistake in 6 years, founders prefer they don't increase stake further", "confidence": 92}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Warrior Met Coal", "market": "United States", "type": "owns", "quote": "decided to keep Warrior Met, sold Core Natural Resources", "context": "Moved to pure metallurgical coal portfolio, believes met coal companies could generate $1B+ annual cash flows on $2B market caps", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "AMR", "market": "United States", "type": "owns", "quote": "decided to keep AMR, focusing on met coal producers", "context": "Part of pure metallurgical coal strategy, sees 20-30 year thesis with strong supply-demand mismatch", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Asbury Automotive", "market": "United States", "type": "owns", "quote": "extremely well-run, very high quality management teams", "context": "Auto dealer with structural advantages, paying low multiples for stable business, owns Park Place Lexus in Dallas", "confidence": 90}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": null, "market": "Turkey", "type": "bearish", "quote": "Istanbul mayor arrested, Turkish positions all lost money last night", "context": "Short-term political event causing market selloff, but Pabrai sees no long-term intrinsic value impact on his Turkish holdings", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "AutoNation", "market": "United States", "type": "owns", "quote": "very high quality management teams, prudent capital allocation", "context": "Auto dealer bet, benefits from EV transition being slower than expected and dealer model persisting", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Group One Automotive", "market": "United States", "type": "owns", "quote": "Group One really good, prudent with capital allocation", "context": "Auto dealer position, part of basket approach due to diversification rules", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Toll Brothers", "market": "United States", "type": "owns", "quote": "made several field trips to Toll Brothers model communities", "context": "Homebuilder bet, large players taking share from mom-and-pops, moving to asset-light NVR model", "confidence": 85}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Anadolu Efes", "market": "Turkey", "type": "owns", "quote": "Russia took over assets Anadolu had in Russia", "context": "Lost conviction due to Russian asset seizure on December 31st, now in 'too hard' pile despite still holding", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Dorian LPG", "market": "United States", "type": "owns", "quote": "wagons fund owns Dorian, exited in another fund", "context": "Shipping business, undervalued based on locked-in charters vs market cap, holds in Wagons but not Pabrai Funds", "confidence": 80}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Coca-Cola Icecek", "market": "Turkey", "type": "owns", "quote": "Coca-Cola are out of our top 10", "context": "Still owns but reduced conviction after Russian asset seizure, moved to 'too hard' pile", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Penske Automotive", "market": "United States", "type": "watching", "quote": "Penske most impressive, but significant delta in valuation", "context": "Best auto dealer but didn't buy due to premium valuation, struggling with decision to pay up for quality", "confidence": 75}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "NVR", "market": "United States", "type": "watching", "quote": "all homebuilders moving towards the NVR model", "context": "Mentions NVR as the pioneer of asset-light homebuilding model, other builders copying their approach", "confidence": 70}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": "Occidental Petroleum", "market": "United States", "type": "owns", "quote": "Oxy is one of our lower conviction bets", "context": "Bet on CEO Vicki Hollub, strong Permian footprint, carbon capture moonshot, fracking innovations", "confidence": 70}, {"video_title": "Pabrai Wagons Fund Shareholder Call - March 19, 2025 - Mohnish Pabrai", "id": "3YzJqELnWiw", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2025-03-19", "date_source": "explicit", "date_evidence": "Pabrai Wagons Fund Shareholder Call - March 19, 2025", "summary": "Pabrai defends Wagons Fund's drawdown, reaffirms his strong conviction in Edelweiss (>20% of the portfolio) and TAV Airports (15%), maintains holdings in Metallurgical Coal and Auto Dealers, and reduced Turkish consumer positions following events in Russia", "sort_date": "2025-03-19", "company": null, "market": "United States", "type": "bearish", "quote": "S&P north of 25 multiple, might not hit all-time high for some time", "context": "Believes S&P peaked February 18-19, 2025, sees his portfolio at single-digit multiples as better positioned", "confidence": 65}, {"video_title": "India’s Warren Buffet Shares $1M Investing Strategy | Mohnish Pabrai", "id": "DZmng3H-TLc", "channel": "My First Million Clips Official", "source_url": "", "published_at": "2026-03-06", "recording_date": "2025-03-01", "date_source": "context", "date_evidence": "Circa 2025 we cannot go into the S&P. Okay. Maybe 2035 we can but not 2025.", "summary": "Pabrai explains his investment strategy: Berkshire as a \"safe index\" instead of the S&P (which will be overheated by 2025), plus rare but targeted investments in anomalies like Frontline back then—waiting for opportunities that \"don't make sense.\"", "sort_date": "2025-03-01", "company": "Frontline", "market": "Global shipping", "type": "sold", "quote": "I put 10% of my fund into front line. After a few months... The stocks at 10 bucks. I sell my shares.", "context": "Pabrai bought Frontline at $3 in 2001–2002, sold it at $10 after 8 months, but missed out on the 80-fold increase that followed", "confidence": 98}, {"video_title": "India’s Warren Buffet Shares $1M Investing Strategy | Mohnish Pabrai", "id": "DZmng3H-TLc", "channel": "My First Million Clips Official", "source_url": "", "published_at": "2026-03-06", "recording_date": "2025-03-01", "date_source": "context", "date_evidence": "Circa 2025 we cannot go into the S&P. Okay. Maybe 2035 we can but not 2025.", "summary": "Pabrai explains his investment strategy: Berkshire as a \"safe index\" instead of the S&P (which will be overheated by 2025), plus rare but targeted investments in anomalies like Frontline back then—waiting for opportunities that \"don't make sense.\"", "sort_date": "2025-03-01", "company": "S&P 500", "market": "US", "type": "bearish", "quote": "the index like the S&P is overheated. we can't go there right now. Circa 2025 we cannot go into the S&P.", "context": "Pabrai explicitly states that the S&P will be overheated by 2025 and that one should not invest there", "confidence": 95}, {"video_title": "India’s Warren Buffet Shares $1M Investing Strategy | Mohnish Pabrai", "id": "DZmng3H-TLc", "channel": "My First Million Clips Official", "source_url": "", "published_at": "2026-03-06", "recording_date": "2025-03-01", "date_source": "context", "date_evidence": "Circa 2025 we cannot go into the S&P. Okay. Maybe 2035 we can but not 2025.", "summary": "Pabrai explains his investment strategy: Berkshire as a \"safe index\" instead of the S&P (which will be overheated by 2025), plus rare but targeted investments in anomalies like Frontline back then—waiting for opportunities that \"don't make sense.\"", "sort_date": "2025-03-01", "company": "Berkshire Hathaway", "market": "US", "type": "owns", "quote": "I would treat Berkshire Hathaway as the index. put it you know dollar cost average into the into Burkshire class B shares", "context": "Pabrai recommends Berkshire as a substitute for an index fund and dollar-cost averaging in Class B shares, implying that he invests this way himself", "confidence": 92}, {"video_title": "India’s Warren Buffet Shares $1M Investing Strategy | Mohnish Pabrai", "id": "DZmng3H-TLc", "channel": "My First Million Clips Official", "source_url": "", "published_at": "2026-03-06", "recording_date": "2025-03-01", "date_source": "context", "date_evidence": "Circa 2025 we cannot go into the S&P. Okay. Maybe 2035 we can but not 2025.", "summary": "Pabrai explains his investment strategy: Berkshire as a \"safe index\" instead of the S&P (which will be overheated by 2025), plus rare but targeted investments in anomalies like Frontline back then—waiting for opportunities that \"don't make sense.\"", "sort_date": "2025-03-01", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "I think is probably pretty reasonable for Burkshire. Rule of 72, we would double every seven years.", "context": "Pabrai expects Berkshire to generate an annual return of about 10% over the long term", "confidence": 88}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": "Crypto/Bitcoin", "market": "Global", "type": "bearish", "quote": "I'm not going to invest in crypto I don't really understand it", "context": "Completely rejects crypto because it’s outside his circle of competence; doesn’t need an opinion on it", "confidence": 98}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": "Micron", "market": "United States", "type": "owns", "quote": "at one point Micron was around 20 25% of the pie", "context": "Pabrai confirms that Micron is/was one of his largest holdings, but does not wish to discuss the details while he still holds the position", "confidence": 95}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkey is the most interesting to me because the most dislocated market", "context": "Pabrai considers Turkey to be extremely undervalued, with the most attractive valuations of all the markets he monitors", "confidence": 92}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "Turkey", "type": "watching", "quote": "growing amount of time in Turkey and kind of more most extreme in terms of valuations", "context": "Is spending more and more time on investments in Turkey and sees extreme valuations as an opportunity", "confidence": 88}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "Turkey", "type": "bullish", "quote": "if you just use one filter revenue is in euros or dollars only you're likely to do really well", "context": "His Turkey strategy: investing only in companies with euro/dollar revenue to avoid inflationary headwinds, narrowing the list from 200 to 10 investable companies", "confidence": 85}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": "Turkish juice company", "market": "Turkey", "type": "watching", "quote": "there's like a juice company 98% revenue with exports to Europe", "context": "Cites as an example a Turkish juice company that exports almost exclusively to Europe and appears to have benefited from inflation, having conducted a detailed analysis", "confidence": 75}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "India", "type": "watching", "quote": "a lot of time in India", "context": "Spends a lot of time on Indian investments, which makes sense since his foundation is active there", "confidence": 75}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "South Korea", "type": "watching", "quote": "I've spent a fair amount of time in South Korea", "context": "One of the markets in which he has invested a lot of time, alongside India, China, and Turkey", "confidence": 70}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "Latin America", "type": "watching", "quote": "I've had some investments in Latin America not a whole lot", "context": "Has had a few, but not many, investments in Latin America; sounds like something from the past or small holdings", "confidence": 65}, {"video_title": ""Pagué $650,000 DÓLARES por Almorzar con Warren Buffett” – Entrevista a Mohnish Pabrai", "id": "mfF-KwEKoZg", "channel": "Mis Propias Finanzas", "source_url": "", "published_at": "2025-09-12", "recording_date": "2025-01-12", "date_source": "fallback", "date_evidence": "Veröffentlichungsdatum 2025-09-12, aber Pabrai erwähnt 'recently' beim MetLife calculator und spricht über aktuelle Holdings - Interview muss vor Veröffentlichung stattgefunden haben", "summary": "Pabrai discusses his Micron position (which accounted for 20–25% of the portfolio), expresses strong interest in Turkey as the most mispriced market with a focus on companies generating revenue in euros, mentions previous investments in Latin America, and notes that his circle of competence excludes cryptocurrency", "sort_date": "2025-01-12", "company": null, "market": "China", "type": "watching", "quote": "a little bit of time in China", "context": "Has focused on China, but not as intensively as on other Asian markets", "confidence": 60}, {"video_title": "How to turn $10,000 into $1,000,000 according to Mohnish Pabrai. #motivation", "id": "4u9ZmM6201w", "channel": "Sterling Path", "source_url": "", "published_at": "2026-02-04", "recording_date": "2025-01-01", "date_source": "context", "date_evidence": "Circa 2025, we cannot go into the S&P. Okay? Maybe 2035 we can, but not 2025.", "summary": "Pabrai warns against the overheated S&P 500 and instead recommends Berkshire Hathaway as an alternative to the index for 2025", "sort_date": "2025-01-01", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "I would treat Berkshire Hathaway as the index", "context": "Pabrai recommends Berkshire Hathaway as an alternative to the S&P 500 Index for long-term investments", "confidence": 98}, {"video_title": "S&P of limit until 2035 🤯🤯📊 - Mohnish Pabrai", "id": "M5SPRL9g-_Y", "channel": "FTC Rich", "source_url": "", "published_at": "2026-05-01", "recording_date": "2025-01-01", "date_source": "context", "date_evidence": "Circa 2025, we cannot go into the S&P. Okay, maybe 2035 we can, but not 2025.", "summary": "Pabrai believes the S&P is overvalued and instead recommends Berkshire Hathaway as an alternative to the index until at least 2035", "sort_date": "2025-01-01", "company": "S&P 500", "market": "USA", "type": "bearish", "quote": "The index, like the S&P, is overheated. We can't go there right now.", "context": "Pabrai says the S&P is overheated and investors should avoid the index until 2035", "confidence": 95}, {"video_title": "How to turn $10,000 into $1,000,000 according to Mohnish Pabrai. #motivation", "id": "4u9ZmM6201w", "channel": "Sterling Path", "source_url": "", "published_at": "2026-02-04", "recording_date": "2025-01-01", "date_source": "context", "date_evidence": "Circa 2025, we cannot go into the S&P. Okay? Maybe 2035 we can, but not 2025.", "summary": "Pabrai warns against the overheated S&P 500 and instead recommends Berkshire Hathaway as an alternative to the index for 2025", "sort_date": "2025-01-01", "company": "S&P 500 Index", "market": "USA", "type": "bearish", "quote": "the index of the S&P is overheated. We can't go there right now.", "context": "Pabrai says the S&P 500 is overheated and that investors should avoid it in 2025", "confidence": 95}, {"video_title": "S&P of limit until 2035 🤯🤯📊 - Mohnish Pabrai", "id": "M5SPRL9g-_Y", "channel": "FTC Rich", "source_url": "", "published_at": "2026-05-01", "recording_date": "2025-01-01", "date_source": "context", "date_evidence": "Circa 2025, we cannot go into the S&P. Okay, maybe 2035 we can, but not 2025.", "summary": "Pabrai believes the S&P is overvalued and instead recommends Berkshire Hathaway as an alternative to the index until at least 2035", "sort_date": "2025-01-01", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "I would treat Berkshire Hathaway as the index.", "context": "He recommends using Berkshire Hathaway as an alternative to the S&P Index", "confidence": 90}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Rayars", "market": "Turkey", "type": "owns", "quote": "For $8 million I got one third of the company. Which we still own today.", "context": "In 2019, Pabrai purchased a one-third stake in Rayars for $8 million, when the company had a market capitalization of $16 million and a liquidation value of $800 million; he still holds the stake today", "confidence": 98}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Rayars", "market": "Turkey", "type": "bullish", "quote": "The market cap now is over a billion. We will not sell this business.", "context": "Rayars has grown from $16 million to over $1 billion; Pabrai does not intend to sell as long as the founders do not sell", "confidence": 95}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": null, "market": "Turkey", "type": "bullish", "quote": "60 or 65% of the portfolio is Turkey. We are not going to sell these businesses.", "context": "Pabrai has a heavy concentration in two Turkish companies and plans to hold them for the long term despite currency risks", "confidence": 92}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Nvidia", "market": "USA", "type": "unknown", "quote": "What does Nvidia look like 5 years from now? It goes in the two hard pile.", "context": "Pabrai cannot assess Nvidia's future cash flows, so he is not investing—it is too difficult to evaluate", "confidence": 88}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Tesla", "market": "USA", "type": "unknown", "quote": "Tesla definitely too hard pile. The valuation doesn't make sense based on current cash flows.", "context": "Pabrai considers Tesla an uninvestable stock due to its valuation, despite his respect for Elon Musk", "confidence": 87}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Walmart", "market": "USA", "type": "bullish", "quote": "You only needed to hold Walmart at 2% weightage 50 years ago and just not touch it.", "context": "Walmart as an example of the power of holding onto a quality company for the long term without trading", "confidence": 85}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "HDFC", "market": "India", "type": "bearish", "quote": "HDFC, Asian Paints were ridiculously overvalued. I don't even know if they're currently fairly valued.", "context": "Pabrai considers HDFC and Asian Paints to be significantly overvalued, and possibly still not fairly valued", "confidence": 82}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Asian Paints", "market": "India", "type": "bearish", "quote": "Asian Paints was ridiculously overvalued. They may be overvalued but they are exceptional businesses.", "context": "Despite the stock being overvalued, Pabrai acknowledges the quality of the business but advises patience when buying", "confidence": 80}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Infosys", "market": "India", "type": "bearish", "quote": "I pointed out how overvalued Infosys was in 2001. For eight or nine years returns was zero.", "context": "In 2001, Pabrai warned that Infosys was overvalued; he was right in the short term, but in the long term, holding the stock was the right move", "confidence": 75}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Google", "market": "USA", "type": "bullish", "quote": "The index is too dumb to know that it owns Google and too dumb to ever sell it.", "context": "Pabrai uses Google as an example to illustrate why passive index investments automatically hold onto long-term winners for the long haul", "confidence": 72}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Microsoft", "market": "USA", "type": "watching", "quote": "If you just held Microsoft from 2000 till today, you had about a 56x.", "context": "Microsoft as a historical example of patience during periods of zero returns (2000–2012), followed by a strong comeback", "confidence": 70}, {"video_title": "Billionaire Mohnish Pabrai on Investing, Warren Buffett & Life Lessons | Sonia Shenoy", "id": "2jQ-s-OesCw", "channel": "MS EDUCATION VIDEO ", "source_url": "", "published_at": "2025-12-16", "recording_date": "2024-12-16", "date_source": "fallback", "date_evidence": "", "summary": "Pabrai discusses his heavy concentration in two Turkish companies (65% of the portfolio), warns of overvaluations in India (HDFC, Asian Paints), and explains why he rejects tech stocks like Nvidia and Tesla as “too difficult”—focusing instead on extremely undervalued opportunities like Rayars (a 33% stake for $8 million).", "sort_date": "2024-12-16", "company": "Berkshire Hathaway", "market": "USA", "type": "owns", "quote": "Warren bought Rick's Berkshire stock at $20 a share. Those shares are now worth 700,000 a piece.", "context": "Anecdote about Rick Goran, who held Berkshire shares on margin and was forced to sell due to a margin call – a warning about leverage", "confidence": 65}, {"video_title": "Investing in Metallurgical Coal Thesis - Mohnish Pabrai", "id": "Vsv2tRs89oo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": "2024-05-15", "date_source": "context", "date_evidence": "that filing came out middle of May, May 15th or something... first quarter of last year", "summary": "Pabrai explained his large position in metallurgical coal stocks (particularly Console Energy), which, according to David Einhorn’s research, were trading at 2–3 times earnings with massive buybacks and were undervalued due to ESG mandates", "sort_date": "2024-05-15", "company": "Console Energy", "market": "USA", "type": "bullish", "quote": "company that had a 1.8 billion market cap, north of 600 million in earnings, pumped into buybacks", "context": "Console was trading at about 3 times earnings and used 100% of its free cash flow for share buybacks", "confidence": 98}, {"video_title": "Investing in Metallurgical Coal Thesis - Mohnish Pabrai", "id": "Vsv2tRs89oo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": "2024-05-15", "date_source": "context", "date_evidence": "that filing came out middle of May, May 15th or something... first quarter of last year", "summary": "Pabrai explained his large position in metallurgical coal stocks (particularly Console Energy), which, according to David Einhorn’s research, were trading at 2–3 times earnings with massive buybacks and were undervalued due to ESG mandates", "sort_date": "2024-05-15", "company": "Console Energy", "market": "USA", "type": "owns", "quote": "I emerged from that rabbit hole, massive coal bet, because it was just such a no-brainer", "context": "After researching David Einhorn's position, Pabrai placed a large bet on coal stocks, particularly Console Energy", "confidence": 95}, {"video_title": "Investing in Metallurgical Coal Thesis - Mohnish Pabrai", "id": "Vsv2tRs89oo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": "2024-05-15", "date_source": "context", "date_evidence": "that filing came out middle of May, May 15th or something... first quarter of last year", "summary": "Pabrai explained his large position in metallurgical coal stocks (particularly Console Energy), which, according to David Einhorn’s research, were trading at 2–3 times earnings with massive buybacks and were undervalued due to ESG mandates", "sort_date": "2024-05-15", "company": null, "market": "USA", "type": "bullish", "quote": "metallurgical coal stocks were trading at like two times earnings, doing massive buybacks", "context": "Metallurgical coal stocks in general were extremely undervalued, trading at a 2x P/E ratio amid massive buybacks", "confidence": 92}, {"video_title": "Investing in Metallurgical Coal Thesis - Mohnish Pabrai", "id": "Vsv2tRs89oo", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-16", "recording_date": "2024-05-15", "date_source": "context", "date_evidence": "that filing came out middle of May, May 15th or something... first quarter of last year", "summary": "Pabrai explained his large position in metallurgical coal stocks (particularly Console Energy), which, according to David Einhorn’s research, were trading at 2–3 times earnings with massive buybacks and were undervalued due to ESG mandates", "sort_date": "2024-05-15", "company": null, "market": "Global", "type": "bullish", "quote": "metallurgical coal which is used to make iron and steel we will be using 50 60 years from now", "context": "The long-term view is that metallurgical coal remains indispensable because there are no substitutes", "confidence": 90}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "Berkshire Hathaway", "market": "USA", "type": "bullish", "quote": "Circle the wagons philosophy - hold great businesses forever like Buffett", "context": "Pabrai explains that, in Buffett's 12 most important investments, it wasn't the purchase but the holding period that was crucial—See's for 50 years, Coke for over 40 years", "confidence": 95}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "See's Candies", "market": "USA", "type": "bullish", "quote": "See's stayed in the stable for 50 years", "context": "One of Buffett's 12 most important investments—the decision to buy was less important than the decision never to sell", "confidence": 92}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "Coca-Cola", "market": "USA", "type": "bullish", "quote": "Coke has been in the stable for 40 plus years", "context": "One of Buffett's 12 most important investments—illustrating the \"paint-drying\" philosophy", "confidence": 92}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "American Express", "market": "USA", "type": "bullish", "quote": "AMX... you can come up with the names", "context": "Probably one of Buffett's 12 key investments at Berkshire", "confidence": 75}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "Gillette", "market": "USA", "type": "bullish", "quote": "Gillette... you can come up with the names", "context": "Probably one of Buffett's 12 key investments at Berkshire", "confidence": 70}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "Capital Cities", "market": "USA", "type": "bullish", "quote": "cap cities... you can come up with the names", "context": "Probably one of Buffett's 12 key investments at Berkshire", "confidence": 70}, {"video_title": "Buffett Failed 96% of the Time - Yet Beat Everyone | Mohnish Pabrai | Stocks | Investment", "id": "4snANh0RYRM", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-12-22", "recording_date": "2024-03-01", "date_source": "context", "date_evidence": "he was telling me that you know... 2 3 months before he passed away", "summary": "Pabrai explains Buffett's \"circle the wagons\" philosophy: only 12 out of 400 investments made a difference at Berkshire; the key was not to buy, but never to sell", "sort_date": "2024-03-01", "company": "Washington Post", "market": "USA", "type": "bullish", "quote": "Washington Post... you can come up with the names", "context": "Probably one of Buffett's 12 key investments at Berkshire", "confidence": 70}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": "Raas", "market": "Turkey", "type": "owns", "quote": "Raas accounts for 40% of this fund; I have invested millions in the single-digit range", "context": "Pabrai Fund 3 has about $200 million; Raas accounts for 40% of that; the initial investment was in the low millions, but it has since grown tenfold and is still undervalued", "confidence": 95}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": "Raas", "market": "Turkey", "type": "bullish", "quote": "Raas is still cheap; it's not fairly valued—it's trading at about one-third of its liquidation value.", "context": "He points out that, despite a tenfold increase in value, Raas is still trading at about one-third of its liquidation value", "confidence": 92}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": "Silicon Valley Bank", "market": "USA", "type": "sold", "quote": "In 2000, I sold my shares in Silicon Valley Bank and watched it grow by 25% a year for 23 years", "context": "He bought on July 1, 1999, and sold in 2000 after making a 150% profit—a mistake, since the bank then grew by 25% annually for 23 years", "confidence": 90}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": null, "market": "Turkey", "type": "bullish", "quote": "You're buying at Graham-style prices for Munger-style companies in Turkey", "context": "Pabrai describes Turkey as an ideal market where one can get Graham-level prices for Munger-quality stocks—his preferred investment region", "confidence": 88}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": null, "market": "Turkey", "type": "owns", "quote": "The other two investments in Turkey account for about 30% of the fund's total assets", "context": "In addition to Raas (40%), he holds two other Turkish positions that together account for 30%, meaning that 70% of the fund is invested in three Turkish companies", "confidence": 85}, {"video_title": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "id": "WyPdY94nILY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-16", "recording_date": "2023-05-05", "date_source": "explicit", "date_evidence": "Mohnish Pabrai's Presentation and Q&A at the University of Nebraska, Omaha on May 5 2023", "summary": "Pabrai explains his concentration strategy and reveals that 70% of his offshore fund is invested in three Turkish companies, with Raas alone accounting for 40% despite a tenfold increase in value", "sort_date": "2023-05-05", "company": "Seritage", "market": "USA", "type": "owns", "quote": "The shares used to be trading at $30, and suddenly they were down to $6; it seemed like the price was too low", "context": "Pabrai invested in Seritage as a real estate liquidation play, admitting that the initial $30 target price was too optimistic", "confidence": 75}, {"video_title": "Anomaly Based Investing - Mohnish Pabrai", "id": "6y4RjaDWCos", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": "2021-10-17", "date_source": "context", "date_evidence": "I think four years ago I was in Istanbul... I visited in 2018 and then again visited in 2019", "summary": "Pabrai explains his \"anomaly-based investing\" strategy and provides examples such as his successful investment in Turkey Warehouse REIT at 2% of its liquidation value and Buffett's PetroChina deal.", "sort_date": "2021-10-17", "company": null, "market": "Turkey", "type": "owns", "quote": "For about $8 million, we ended up owning one-third of the company", "context": "Pabrai purchased a third of the Turkish warehouse REIT for $8 million; its market capitalization is now over $500 million", "confidence": 98}, {"video_title": "Anomaly Based Investing - Mohnish Pabrai", "id": "6y4RjaDWCos", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": "2021-10-17", "date_source": "context", "date_evidence": "I think four years ago I was in Istanbul... I visited in 2018 and then again visited in 2019", "summary": "Pabrai explains his \"anomaly-based investing\" strategy and provides examples such as his successful investment in Turkey Warehouse REIT at 2% of its liquidation value and Buffett's PetroChina deal.", "sort_date": "2021-10-17", "company": null, "market": "Turkey", "type": "bullish", "quote": "Turkish warehouse REIT trading at $16M market cap, $800M liquidation value", "context": "Pabrai describes an investment he made in 2018–2019—a warehouse operator traded at 2% of its liquidation value", "confidence": 95}, {"video_title": "Anomaly Based Investing - Mohnish Pabrai", "id": "6y4RjaDWCos", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": "2021-10-17", "date_source": "context", "date_evidence": "I think four years ago I was in Istanbul... I visited in 2018 and then again visited in 2019", "summary": "Pabrai explains his \"anomaly-based investing\" strategy and provides examples such as his successful investment in Turkey Warehouse REIT at 2% of its liquidation value and Buffett's PetroChina deal.", "sort_date": "2021-10-17", "company": null, "market": "Turkey", "type": "bullish", "quote": "market cap is north of 500 million, liquidation value probably close to 1.5 billion now", "context": "The Turkish warehouse investment has performed strongly despite the collapse of the Turkish lira", "confidence": 95}, {"video_title": "Anomaly Based Investing - Mohnish Pabrai", "id": "6y4RjaDWCos", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": "2021-10-17", "date_source": "context", "date_evidence": "I think four years ago I was in Istanbul... I visited in 2018 and then again visited in 2019", "summary": "Pabrai explains his \"anomaly-based investing\" strategy and provides examples such as his successful investment in Turkey Warehouse REIT at 2% of its liquidation value and Buffett's PetroChina deal.", "sort_date": "2021-10-17", "company": "PetroChina", "market": "China", "type": "watching", "quote": "Buffett bought PetroChina at three times earnings, 15% dividend yield, stock tripled", "context": "Pabrai cites Buffett's investment as an example of anomaly-based investing—the extreme undervaluation of a dominant oil company", "confidence": 75}, {"video_title": "Anomaly Based Investing - Mohnish Pabrai", "id": "6y4RjaDWCos", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-17", "recording_date": "2021-10-17", "date_source": "context", "date_evidence": "I think four years ago I was in Istanbul... I visited in 2018 and then again visited in 2019", "summary": "Pabrai explains his \"anomaly-based investing\" strategy and provides examples such as his successful investment in Turkey Warehouse REIT at 2% of its liquidation value and Buffett's PetroChina deal.", "sort_date": "2021-10-17", "company": "Apple", "market": "United States", "type": "bearish", "quote": "Apple is trading at 150 and worth 180 or 200 or 250, just take a pass", "context": "Pabrai says that normal valuations, such as those of Apple, are not anomalies and are not relevant to his strategy", "confidence": 70}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": "Tesla", "market": "USA", "type": "bearish", "quote": "Tesla clearly in bubble territory according to me.", "context": "Pabrai clearly classifies Tesla as a bubble, along with other Robinhood-driven stocks", "confidence": 98}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": "GameStop", "market": "USA", "type": "bearish", "quote": "GameStop has gone beyond bubbles. These are mega bubbles.", "context": "Pabrai views GameStop as extremely overvalued due to the Reddit/WallStreetBets-driven short squeeze, not as a fundamental investment", "confidence": 95}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": null, "market": "USA", "type": "bearish", "quote": "there's clearly a bubble in SPACs", "context": "Pabrai sees a clear bubble in the SPAC market, but does not name any specific companies", "confidence": 95}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": "BlackBerry", "market": "USA", "type": "bearish", "quote": "stocks like GameStop BlackBerry and a few others who are going crazy it's not good", "context": "BlackBerry, along with GameStop, is cited as one of the heavily shorted stocks that are going wild", "confidence": 92}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": null, "market": "USA", "type": "bearish", "quote": "there's a bubble in the Robinhood names", "context": "Pabrai identifies about 10–15 stocks that have been driven to absurd valuations by Robinhood traders", "confidence": 90}, {"video_title": "“You Can Lose EVERYTHING” – Mohnish Pabrai on Short Selling", "id": "xT_HgRIegwM", "channel": "Investors Club", "source_url": "", "published_at": "2026-03-31", "recording_date": "2021-01-27", "date_source": "context", "date_evidence": "GameStop phenomena...as of this moment it's at $303 up 104% on the day...talking about taking it to a thousand today", "summary": "Pabrai warns against short selling and identifies bubbles in GameStop, Tesla, BlackBerry, SPACs, and Robinhood-related stocks, but does not believe the broader market is overvalued across the board.", "sort_date": "2021-01-27", "company": null, "market": "USA", "type": "watching", "quote": "beyond that I think I'm not sure there are bubbles everywhere", "context": "Beyond the 10 to 15 bubble names, Pabrai does not necessarily view the broader market as overvalued, especially given low interest rates", "confidence": 75}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Rain Industries", "market": "India", "type": "bought", "quote": "in 2015 we had invested and owned 10% of the business", "context": "In 2015, Pabrai purchased the maximum permitted stake of 9.99% as a foreign investor at a price of 35–40 rupees per share", "confidence": 98}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "we still are a shareholder of Rain Industries", "context": "Pabrai still holds shares in Rain Industries, which he bought in 2015 at 40 rupees, even though the stock has since risen to 450 rupees", "confidence": 95}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Rain Industries", "market": "India", "type": "watching", "quote": "my love affair still continues", "context": "Despite sharp price fluctuations (from 40 to 450 to 50 rupees), Pabrai continues to hold the position, currently at 170–180 rupees", "confidence": 90}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": null, "market": "India", "type": "bearish", "quote": "I think India has been very difficult", "context": "Pabrai finds the Indian market challenging and views it as a minefield, particularly because great companies are trading at high valuations", "confidence": 90}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Rain Industries", "market": "India", "type": "bearish", "quote": "this is the kind of business that I would not buy with a Nixle framework", "context": "Pabrai wouldn't buy Rain Industries today because it isn't a great business, but merely a good operator in an average business", "confidence": 85}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "HDFC Bank", "market": "India", "type": "bullish", "quote": "HDFC bank is probably one of the best banks in the world", "context": "Pabrai praises HDFC Bank as one of the best banks in the world in terms of management, but he does not consider the valuation to be attractive", "confidence": 85}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": null, "market": "India", "type": "watching", "quote": "what I will focus on in India in the future would be quite different from the past", "context": "Pabrai plans to shift his approach to Indian investments, moving more toward Nick Sleep's long-term focus on quality", "confidence": 85}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Mastercard", "market": "US", "type": "bullish", "quote": "Mastercard is a great business", "context": "Pabrai cites Mastercard as an example of a truly great business, in contrast to Rain Industries", "confidence": 80}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Costco", "market": "US", "type": "bullish", "quote": "Costco is a good business", "context": "Pabrai cites Costco as an example of a good investment, better than Rain Industries", "confidence": 80}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "Berkshire Hathaway is a good business", "context": "Pabrai cites Berkshire as an example of a good business in comparison to Rain Industries", "confidence": 80}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "Demart", "market": "India", "type": "bullish", "quote": "You can even say Demart is a good business", "context": "Pabrai calls Demart a good investment, better than Rain Industries", "confidence": 75}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": "HDFC Bank", "market": "India", "type": "watching", "quote": "on normal metrics it doesn't appear cheap", "context": "Despite HDFC Bank's quality, Pabrai believes the current valuation is too high and is likely waiting for better entry points", "confidence": 70}, {"video_title": "Why Selling Matters More Than Buying | Value Investing Mistake Explained | Mohnish Pabrai | Stocks", "id": "FbrM6ozHOG0", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-09", "recording_date": "2020-01-01", "date_source": "context", "date_evidence": "last year during the when co when covid hit it went down to 50 rupees", "summary": "Pabrai offers a critical reflection on his investment in Rain Industries in India—which he bought in 2015 at 40 rupees and did not sell at 450 rupees—and explains why he will shift his investment approach in India from deep value to high-quality businesses in the future.", "sort_date": "2020-01-01", "company": null, "market": "Turkey", "type": "bullish", "quote": "It looked like kind of like the business in Turkey looked", "context": "Pabrai compares Rain Industries favorably to an investment in Turkey, suggesting a similarly attractive risk/reward profile", "confidence": 65}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "SunTec Realty", "market": "India", "type": "owns", "quote": "We own 9.999%. The maximum that I could buy, I bought", "context": "Pabrai holds the maximum permitted stake of just under 10% in this Mumbai real estate developer, which he bought at a bargain price following the demonetization", "confidence": 100}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "I own 9.999% of Rain Industries just like SunTec", "context": "Pabrai also holds the largest position in this aluminum supplier, which he bought at 35 rupees when the market cap was only 200 million", "confidence": 100}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Sunteck Realty", "market": "India", "type": "owns", "quote": "we own 9.999%. That's the maximum allowed to own", "context": "Pabrai bought the maximum amount of Sunteck Realty shares allowed, which is about one-tenth of the company", "confidence": 98}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "SunTec Realty", "market": "India", "type": "bullish", "quote": "Even with 355, we'll kick Mastercard's ass. No problem", "context": "Pabrai has a 12-year bet that SunTec will outperform Mastercard, even when calculated from its current price of 355 rupees", "confidence": 98}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Sunteck Realty", "market": "India", "type": "bought", "quote": "I tell the broker, Every share. Anyone who has any shares, just buy as much as you can", "context": "He aggressively bought Sunteck after the 2016 demonetization at around 100 rupees, as the stock price was well below the value of its assets", "confidence": 97}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Sunteck Realty", "market": "India", "type": "bullish", "quote": "this quirky unknown business, is going to be a great investment. Great investment", "context": "Pabrai is very bullish on Sunteck and considers it a better investment than MasterCard despite its weaker fundamentals", "confidence": 95}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Moutai", "market": "China", "type": "bullish", "quote": "I can't think of another company which has a better moat than Moutai", "context": "Pabrai considers Moutai to be the company with the strongest moat of all, resistant to disruption and possessing pricing power", "confidence": 95}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Mastercard", "market": "Global", "type": "bearish", "quote": "It's not going to go from 12 million to 144 million in next 12 years", "context": "Pabrai warns his friend Guy that, despite its high quality, Mastercard is overvalued at a 42x P/E ratio and will no longer deliver the same returns as in the past", "confidence": 95}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "Rain is going to blow him away... Rain is another company that is got these things going on", "context": "Pabrai has a bet with Motherson Sumi that Rain Industries will outperform despite its lower quality—he sees this as a hidden moat with a P/E ratio of just 6x", "confidence": 95}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Moutai", "market": "China", "type": "bullish", "quote": "do we love Moutai? Yes, absolutely. What a company. The ultimate moat", "context": "A very positive assessment of Moutai’s business model and long-term strength, driven by its brand history and deep cultural roots", "confidence": 94}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Sunteck Realty", "market": "India", "type": "bullish", "quote": "even with the 355, we'll kick MasterCard's ass. No problem", "context": "He is convinced that Sunteck MasterCard will outperform over the next 12 years, even given its higher initial price", "confidence": 93}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "MasterCard", "market": "United States", "type": "bearish", "quote": "it's not going to go from 12 million to 144 million in the next 12 years", "context": "Pabrai believes MasterCard is overvalued at a price-to-earnings ratio of 30 and will not continue to perform as strongly as it has in the past", "confidence": 90}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Moutai", "market": "China", "type": "bullish", "quote": "The ultimate moat. I can't think of another company which has a better moat than Moutai", "context": "Pabrai cites Moutai as an example of the best possible competitive moat—better than Mastercard because it cannot be disrupted", "confidence": 90}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "MasterCard", "market": "United States", "type": "bearish", "quote": "MasterCard actually, in my opinion, is not as good a business as Coke", "context": "He sees a risk of disruption for MasterCard from new payment systems, particularly in China, where it has already been displaced", "confidence": 88}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "MasterCard", "market": "United States", "type": "bearish", "quote": "it may be possible that in 2030, MasterCard is still doing fine. It's also possible MasterCard in 2030 is not doing fine", "context": "Uncertainty about MasterCard's business model in the long term due to potential disruption from lower-cost payment systems", "confidence": 85}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Motherson Sumi", "market": "India", "type": "watching", "quote": "No one is as good as this guy out of 200 CEOs I met", "context": "Pabrai has great admiration for Motherson Sumi's CEO and business model, but he still bet against the stock because, at a P/E ratio of 27, it is too expensive compared to Rain, which trades at a P/E ratio of 6.", "confidence": 85}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": null, "market": "India", "type": "bullish", "quote": "I found this okay business in India which I thought was going to become a better business", "context": "The general statement regarding Indian investments that are set to improve refers to Sunteck", "confidence": 82}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": "Coca-Cola", "market": "Global", "type": "bearish", "quote": "From 2000 to 2018 Coke delivered a return of less than 3% a year", "context": "Pabrai uses Coke as a cautionary example to illustrate that even great businesses can be bad investments if you pay too much for them—Coke's P/E ratio fell from 40x to 17x", "confidence": 80}, {"video_title": "Timing vs Compounding: Mohnish Pabrai’s Lesson | Stocks | Investment", "id": "kxuJOo9-fEc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-27", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "we started October 18th. Until today, MasterCard is up 25%, pretty good. From October to May, 25%", "summary": "Pabrai explains his major investment in Sunteck Realty in India following the demonetization and compares value investing with quality investing, using his bet against Guy Spier’s MasterCard position as an example", "sort_date": "2019-05-01", "company": "Coca-Cola", "market": "United States", "type": "bearish", "quote": "From 2000 to 2018, Coke delivered a return of less than 3% a year", "context": "A cautionary example showing that even great businesses can deliver poor returns if their valuation is too high", "confidence": 75}, {"video_title": "Why Great Businesses Aren’t Always Great Investments - Mohnish Pabrai", "id": "iVXqQzKCZKY", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-22", "recording_date": "2019-05-01", "date_source": "context", "date_evidence": "This contest only started 3 weeks ago... It is October 14th, 2018... when it is October 13th, 2019... Until today, Mastercard is up 25%. From October to May, 25%.", "summary": "Pabrai explains why great companies aren't always great investments and makes the case that undervalued Indian companies like SunTec Realty and Rain Industries will outperform expensive \"quality\" names like Mastercard and Motherson Sumi", "sort_date": "2019-05-01", "company": null, "market": "India", "type": "bullish", "quote": "About 200 public company CEOs in India I met, no one is as good as this guy", "context": "Pabrai has conducted an in-depth analysis of the Indian market and met with approximately 200 CEOs, indicating a strong focus on India", "confidence": 75}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "I own 9.999% of Rain Industries, just like Sun Tech", "context": "Pabrai owns maximum allowed stake in Rain Industries at just under 10%", "confidence": 100}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "bought", "quote": "3 hours after reading the PDF, I'm buying every share", "context": "After receiving a report on Rain Industries, Pabrai immediately bought as much as possible", "confidence": 100}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "we own 1/10 of the business, and we just sit on it", "context": "Pabrai continues to hold his 10% stake in Rain Industries as a long-term position", "confidence": 100}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "I bought it about 35 rupees a share... at the peak it was 12x in 3 years", "context": "Rain Industries went from 35 to 450 rupees, a 12x return at peak in 3 years from his purchase", "confidence": 95}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "market value was 200 million... high probability they'll make 200 million in single year by 2018 or 2019", "context": "Pabrai saw Rain as trading at 1x forward earnings when he invested in 2015", "confidence": 95}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "the action is in Rain Industry... Rain is going to blow him away", "context": "Pabrai told the fund manager that Rain would outperform Motherson Sumi despite Motherson's quality", "confidence": 90}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "Rain actually is a great business. It's just not known like that", "context": "Pabrai believes Rain is a hidden moat business that will eventually be recognized", "confidence": 90}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "Motherson Sumi", "market": "India", "type": "watching", "quote": "a money manager told me Motherson Sumi is an unbelievable business", "context": "Pabrai acknowledges someone else recommended Motherson Sumi to him as a great investment opportunity", "confidence": 75}, {"video_title": "Motherson vs Rain: The Result Will Surprise You | Mohnish Pabrai | Stocks | Investment", "id": "ve3X3ez3Wtc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-04", "recording_date": "2019-04-01", "date_source": "context", "date_evidence": "this contest only started 3 weeks ago... if you had bought 100 shares of Motherson back in April 2019", "summary": "Pabrai owns 9.999% of Rain Industries which he bought at 35 rupees and believes will outperform the high-quality Motherson Sumi despite its excellent management and 30% annual returns since IPO", "sort_date": "2019-04-01", "company": "MasterCard", "market": "Unknown", "type": "bearish", "quote": "just like I took a bet against MasterCard", "context": "Pabrai mentions he previously took a contrarian bet against MasterCard, similar to betting against Motherson", "confidence": 65}, {"video_title": "Investing in Turkey - Reysas Thesis - Mohnish Pabrai", "id": "4FJhI8KuS9c", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "on my second visit in 2019", "summary": "Pabrai explains his successful deep-value investment thesis on Reysas, a Turkish warehouse operator that he bought in 2019 with a market cap of $16 million and a liquidation value of $800 million, and which he intends to hold for the long term", "sort_date": "2019-01-01", "company": "Reysas", "market": "Turkey", "type": "bought", "quote": "for $8 million I got one-third of the company", "context": "In 2019, Pabrai purchased a third of the company for $8 million, based on a market capitalization of $16 million and a liquidation value of $800 million.", "confidence": 98}, {"video_title": "Investing in Turkey - Reysas Thesis - Mohnish Pabrai", "id": "4FJhI8KuS9c", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "on my second visit in 2019", "summary": "Pabrai explains his successful deep-value investment thesis on Reysas, a Turkish warehouse operator that he bought in 2019 with a market cap of $16 million and a liquidation value of $800 million, and which he intends to hold for the long term", "sort_date": "2019-01-01", "company": "Reysas", "market": "Turkey", "type": "bullish", "quote": "this business basically is a business that we will not sell", "context": "Pabrai plans to hold the stock for the long term, views it as a family business, and will only sell if the founders sell", "confidence": 97}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Microsoft", "market": "US", "type": "bearish", "quote": "it was a terrible idea for them to be holding Microsoft stock", "context": "In 2000, Pabrai advised Microsoft employees to sell their shares because the company was overvalued, with a market capitalization of $600 billion.", "confidence": 95}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": null, "market": "Japan", "type": "bearish", "quote": "1990 the Nikkei peaked at 40,000 29 years later it's at about 50% of peak level", "context": "Warning about the Japanese bubble: the largest bubble ever, with negative returns after nearly 30 years", "confidence": 95}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "South Korea", "type": "owns", "quote": "I have one investment in Korea", "context": "Pabrai confirms that he already holds a position in Korea", "confidence": 95}, {"video_title": "Investing in Turkey - Reysas Thesis - Mohnish Pabrai", "id": "4FJhI8KuS9c", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "on my second visit in 2019", "summary": "Pabrai explains his successful deep-value investment thesis on Reysas, a Turkish warehouse operator that he bought in 2019 with a market cap of $16 million and a liquidation value of $800 million, and which he intends to hold for the long term", "sort_date": "2019-01-01", "company": "Reysas", "market": "Turkey", "type": "owns", "quote": "which we still own today the market cap now is over a billion", "context": "Pabrai still owns a third of Reysas, which he purchased for $8 million when the company had a market cap of $16 million", "confidence": 95}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "South Korea", "type": "bullish", "quote": "probably one of the most fertile hunting grounds", "context": "He sees Korea as a very attractive market with many undervalued stocks trading at around 3x earnings", "confidence": 92}, {"video_title": "Investing in Turkey - Reysas Thesis - Mohnish Pabrai", "id": "4FJhI8KuS9c", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "on my second visit in 2019", "summary": "Pabrai explains his successful deep-value investment thesis on Reysas, a Turkish warehouse operator that he bought in 2019 with a market cap of $16 million and a liquidation value of $800 million, and which he intends to hold for the long term", "sort_date": "2019-01-01", "company": null, "market": "Turkey", "type": "bullish", "quote": "it was screening as the most the cheapest market in the world", "context": "Pabrai began investing in Turkey six years ago because the market was extremely cheap", "confidence": 92}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Coca-Cola", "market": "US", "type": "bearish", "quote": "Coke was selling at 45 times earnings not enough to just buy great businesses price matters", "context": "A warning that Coca-Cola was overpriced in 2000 despite strong business performance, as it only grew by 2% per year", "confidence": 90}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "South Korea", "type": "watching", "quote": "I'm making a trip next month to Seoul and Busan visiting Sue businesses", "context": "He is planning a research trip to Korea to visit companies", "confidence": 90}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "Japan", "type": "bullish", "quote": "probably amongst the cheapest markets in the world", "context": "He believes Japan is very undervalued, with many stocks trading below book value", "confidence": 88}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": null, "market": "Germany", "type": "bearish", "quote": "the German DAX last 11 years is completely flat no returns", "context": "German stocks had not generated a return for 11 years as of 2019", "confidence": 85}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "Japan", "type": "bearish", "quote": "companies are not willing to let go of the cash", "context": "Despite the attractive valuation, he remains skeptical due to the lack of shareholder focus among Japanese companies", "confidence": 85}, {"video_title": "Investing in Turkey - Reysas Thesis - Mohnish Pabrai", "id": "4FJhI8KuS9c", "channel": "Investing Wisdom", "source_url": "", "published_at": "2025-10-14", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "on my second visit in 2019", "summary": "Pabrai explains his successful deep-value investment thesis on Reysas, a Turkish warehouse operator that he bought in 2019 with a market cap of $16 million and a liquidation value of $800 million, and which he intends to hold for the long term", "sort_date": "2019-01-01", "company": null, "market": "Turkey", "type": "bought", "quote": "I focused on businesses where the currency is not relevant", "context": "Despite currency instability and high inflation, he invested in businesses where currency is not a factor", "confidence": 85}, {"video_title": "What 125 Years of Markets Teach Us - Boom & Bust | Mohnish Pabrai | Stocks | Investment", "id": "kutRdQ_Ad-Y", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-12", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019", "summary": "Pabrai has analyzed 125 years of market cycles, already holds investments in Korea, is planning a trip to Korea to explore further investment opportunities, considers Japan to be undervalued but problematic, and views the U.S. as fairly valued with no clear buying opportunities", "sort_date": "2019-01-01", "company": null, "market": "United States", "type": "unknown", "quote": "I can't find much to buy, but it doesn't mean things are overvalued", "context": "He currently sees few buying opportunities in the U.S., but does not view the market as clearly overvalued", "confidence": 80}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Berkshire Hathaway", "market": "US", "type": "bullish", "quote": "the day the NASDAQ peaked was the exact same day that Berkshire Hathaway hit a multi-year low", "context": "Pabrai suggests that Berkshire was undervalued in 2000, while NASDAQ stocks were overvalued", "confidence": 75}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Amazon", "market": "US", "type": "bullish", "quote": "that's with having Amazon and Apple and Netflix it took 16 years to come back", "context": "Recognition as a high-flyer that helped the NASDAQ recover after the crash of the 2000s", "confidence": 65}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Apple", "market": "US", "type": "bullish", "quote": "that's with having Amazon and Apple and Netflix it took 16 years to come back", "context": "Recognition as a high-flyer that helped the NASDAQ recover after the 2000 crash", "confidence": 65}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": "Netflix", "market": "US", "type": "bullish", "quote": "that's with having Amazon and Apple and Netflix it took 16 years to come back", "context": "Recognition as a high-flyer that helped the NASDAQ recover after the 2000 crash", "confidence": 65}, {"video_title": "Mohnish Pabrai   ellenszélben is 15 20% os hozam", "id": "GpV1Vr76g1Y", "channel": "GDK555", "source_url": "", "published_at": "2026-05-21", "recording_date": "2019-01-01", "date_source": "context", "date_evidence": "here we are 2019. It's been um 29 years", "summary": "Pabrai explains how he achieved annual returns of 15–20% despite the dot-com bubble of 1999–2003 by practicing value investing outside the hype, and warns against overpriced blue-chip stocks like Microsoft and Coca-Cola in 2000", "sort_date": "2019-01-01", "company": null, "market": "India", "type": "watching", "quote": "Indian government liberalized the economy in 1992 for 12 years the market was flat", "context": "Sensex shows signs of growth following liberalization, but the market has been flat for 12 years", "confidence": 60}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Stech Realty", "market": "India", "type": "owns", "quote": "We own 9.999%. That is the maximum allowed.", "context": "Pabrai owns just under 10% of this real estate company in Mumbai, which he purchased after the demonetization", "confidence": 95}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "99.99% of Rain Industries, just like Suntech", "context": "Here, too, Pabrai has acquired nearly 10% of the company, a coal supplier to the aluminum industry", "confidence": 95}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Moutai", "market": "China", "type": "bullish", "quote": "We love Mautaj. I can't imagine any other company with a better moat than Mautaj.", "context": "Pabrai praises Moutai as indestructible, with a 1,000-year history and the best moat", "confidence": 93}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Micron Technology", "market": "USA", "type": "bought", "quote": "We recently acquired a stake in Mikron, a company that creates memories", "context": "Recently purchased shares in Micron; market capitalization exceeds $40 billion", "confidence": 92}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Motherson Sumi", "market": "India", "type": "bullish", "quote": "I don't know of any auto parts manufacturer in the world that is better than Motherson Sumy", "context": "Pabrai considers Motherson to be the best automotive supplier in the world, but he is betting AGAINST them in a wager", "confidence": 90}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Mastercard", "market": "USA", "type": "bearish", "quote": "In my opinion, Mastercard isn't as good a business as Coca-Cola. Because it's vulnerable to disruption", "context": "Pabrai sees risks of disruption at Mastercard and doesn't think it's as strong as others believe", "confidence": 88}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Coca-Cola", "market": "USA", "type": "bearish", "quote": "From 2000 to 2018, Coca-Cola's revenue grew by less than 3% annually", "context": "Pabrai criticizes Warren Buffett's decision not to sell Coca-Cola after 2000", "confidence": 87}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Fiat Chrysler", "market": "USA", "type": "owns", "quote": "Fiat Chrysler owns the production-model Fiat Chrysler", "context": "Pabrai owns shares in Fiat Chrysler", "confidence": 85}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "American Express", "market": "USA", "type": "watching", "quote": "All you want is to own Mastercard, American Express, and Berkshire Hathaway", "context": "Mentioned as an example of defensive blue-chip investments held by his friend Guy", "confidence": 60}, {"video_title": "Mohnish Pabrai’s Lecture and Q&A with students of Peking University Guanghua School of Mgmt", "id": "M0aAhqYcivY", "channel": "Pavol Sonlajtner", "source_url": "", "published_at": "2026-05-20", "recording_date": "2018-10-14", "date_source": "explicit", "date_evidence": "Je 14. októbra 2018. Vtedy som s ním mal tento rozhovor.", "summary": "In this lecture at Peking University, Pabrai explains the difference between good companies and good investments, discusses his bets against Mastercard and Motherson Sumi, and explains his investments in Rain Industries, Stech Realty, and Micron.", "sort_date": "2018-10-14", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "All you want is to own Mastercard, American Express, and Berkshire Hathaway", "context": "Cited as an example of defensive blue-chip investments", "confidence": 55}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": null, "market": "India", "type": "owns", "quote": "India is probably around 25-30% of that pie", "context": "India represents 25-30% of Pabrai Funds assets, which is more than 70% outside the US", "confidence": 95}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": null, "market": "India", "type": "bullish", "quote": "5,000 public companies, and probably 4,000 of them are not followed", "context": "Pabrai sees opportunity in India's unfollowed small family-controlled businesses despite governance challenges", "confidence": 80}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Facebook", "market": "United States", "type": "watching", "quote": "top four or five are the holy grail of investing", "context": "Pabrai discusses mega-cap tech companies with negative capital needs and high growth as ideal investments", "confidence": 65}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Amazon", "market": "United States", "type": "watching", "quote": "top four or five are the holy grail of investing", "context": "Pabrai discusses mega-cap tech companies with negative capital needs and high growth as ideal investments", "confidence": 65}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Google", "market": "United States", "type": "watching", "quote": "top four or five are the holy grail of investing", "context": "Pabrai discusses mega-cap tech companies with negative capital needs and high growth as ideal investments", "confidence": 65}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Apple", "market": "United States", "type": "watching", "quote": "top four or five are the holy grail of investing", "context": "Pabrai discusses mega-cap tech companies with negative capital needs and high growth as ideal investments", "confidence": 65}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Tenneco", "market": "United States", "type": "unknown", "quote": "you can get there with Tenneco and Lilu as well", "context": "Mentioned as examples of alternative paths to investment success beyond tech giants", "confidence": 45}, {"video_title": "Mohnish Pabrai: The "Holy Grail" Strategy That 80% of Investors Ignore | Stocks | Investment", "id": "LdccFcyE_Gg", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-28", "recording_date": "2018-05-01", "date_source": "context", "date_evidence": "over two decades of investing now", "summary": "Pabrai discusses his shift to over 70% assets outside the US, with 25-30% in India, while highlighting the importance of quality businesses and mega-cap tech companies as the holy grail of investing.", "sort_date": "2018-05-01", "company": "Lilu", "market": "United States", "type": "unknown", "quote": "you can get there with Tenneco and Lilu as well", "context": "Mentioned as examples of alternative paths to investment success beyond tech giants", "confidence": 45}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "I want to own that business for 10 years, 15 years", "context": "After several meetings with CEO Jagan, Pabrai sees long-term holding potential due to sound capital allocation", "confidence": 98}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "we own 1/10 of that business", "context": "Pabrai owns about 10% of Rain Industries and considers himself a long-term owner", "confidence": 97}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Sunteck Realty", "market": "India", "type": "owns", "quote": "Sunteck, I want to own that for 10, 15 years", "context": "Pabrai plans to hold onto Sunteck for the long term based on the Mumbai Rebuild thesis", "confidence": 96}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "I bought the business in 2015, I just thought this is a cheap business", "context": "Pabrai bought Rain in 2015 as a value-oriented cyclical investment and has held it ever since without selling", "confidence": 95}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Sunteck Realty", "market": "India", "type": "bullish", "quote": "whole city of Mumbai will get torn down and rebuilt, only eight or nine players left", "context": "Mumbai will be completely redeveloped in 30 to 40 years; Sunteck is one of only 8 to 9 remaining players serving 60 million people", "confidence": 94}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "initially I thought make five times my money, now want to own 10-15 years", "context": "His investment thesis has evolved from a short-term 5x trade to a long-term hold", "confidence": 93}, {"video_title": "This Stock Could 10X | Mohnish Pabrai’s Hidden Gem | Stocks | Investment", "id": "tVfH0lZkWK4", "channel": "Investors Club", "source_url": "", "published_at": "2026-04-04", "recording_date": "2018-01-01", "date_source": "context", "date_evidence": "January of this year, I told them I'm coming again. He was excited to meet me.", "summary": "Pabrai explains his long-term investments in Rain Industries (a 10% position held since 2015) and Sunteck Realty, both of which he plans to hold for 10 to 15 years based on hidden competitive advantages and unique market conditions.", "sort_date": "2018-01-01", "company": "Sunteck Realty", "market": "India", "type": "bullish", "quote": "really good business because you keep selling apartments before the tower's up", "context": "The business model generates cash flow through down payments made during construction", "confidence": 89}, {"video_title": ""Compounding Is More Powerful Than You Think" - Mohnish Pabrai | Stocks | Investment", "id": "QkWqKAkbQvI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-11", "recording_date": "2017-01-11", "date_source": "context", "date_evidence": "in 2024 I was going to be 60... 2024 which is about 7 years away... in '94 I was exactly 30 years old", "summary": "Pabrai explains his investment philosophy of long-term compounding, inspired by Buffett, with details on the performance of his Pabrai Funds and personal investments since 1994", "sort_date": "2017-01-11", "company": null, "market": "Unknown", "type": "owns", "quote": "I think from 99 to 2007 pub funds was about 36% a year", "context": "Pabrai discusses the performance of his own Pabrai Funds from 1999 to 2007, before and after fees", "confidence": 95}, {"video_title": ""Compounding Is More Powerful Than You Think" - Mohnish Pabrai | Stocks | Investment", "id": "QkWqKAkbQvI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-11", "recording_date": "2017-01-11", "date_source": "context", "date_evidence": "in 2024 I was going to be 60... 2024 which is about 7 years away... in '94 I was exactly 30 years old", "summary": "Pabrai explains his investment philosophy of long-term compounding, inspired by Buffett, with details on the performance of his Pabrai Funds and personal investments since 1994", "sort_date": "2017-01-11", "company": null, "market": "Unknown", "type": "owns", "quote": "from 95 to 99 or 2000 was north of 70% a year", "context": "His personal investment performance with the $1 million he invested in 1994, before founding Pabrai Funds", "confidence": 92}, {"video_title": ""Compounding Is More Powerful Than You Think" - Mohnish Pabrai | Stocks | Investment", "id": "QkWqKAkbQvI", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-11", "recording_date": "2017-01-11", "date_source": "context", "date_evidence": "in 2024 I was going to be 60... 2024 which is about 7 years away... in '94 I was exactly 30 years old", "summary": "Pabrai explains his investment philosophy of long-term compounding, inspired by Buffett, with details on the performance of his Pabrai Funds and personal investments since 1994", "sort_date": "2017-01-11", "company": null, "market": "Unknown", "type": "owns", "quote": "from 2009 onwards again it took off and it's done well since", "context": "Performance of his funds following the 2008–09 financial crisis, after they had previously lost two-thirds of their value", "confidence": 88}, {"video_title": "Mohnish Pabrai's Deep Value Cyclical Bet | Stocks | Investment | Case Study", "id": "3SuFuFEXG_g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-17", "recording_date": "2015-01-01", "date_source": "context", "date_evidence": "Initially when I bought the business in 2015, I just thought this is a cheap business.", "summary": "Pabrai describes his 2015 purchase of Rain Industries as a cyclical deep-value investment with a 10% stake, which evolved from a 5x short-term speculative play into a long-term 10- to 15-year hold after he recognized the quality of management and the hidden moat.", "sort_date": "2015-01-01", "company": "Rain Industries", "market": "India", "type": "bought", "quote": "Initially when I bought the business in 2015", "context": "He bought Rain Industries in 2015 as a cyclical deep-value investment during a sector downturn", "confidence": 98}, {"video_title": "Mohnish Pabrai's Deep Value Cyclical Bet | Stocks | Investment | Case Study", "id": "3SuFuFEXG_g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-17", "recording_date": "2015-01-01", "date_source": "context", "date_evidence": "Initially when I bought the business in 2015, I just thought this is a cheap business.", "summary": "Pabrai describes his 2015 purchase of Rain Industries as a cyclical deep-value investment with a 10% stake, which evolved from a 5x short-term speculative play into a long-term 10- to 15-year hold after he recognized the quality of management and the hidden moat.", "sort_date": "2015-01-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "I want to own that business for 10 years, 15 years", "context": "From short-term 5X speculation to long-term conviction following a deeper understanding of the business", "confidence": 97}, {"video_title": "Mohnish Pabrai's Deep Value Cyclical Bet | Stocks | Investment | Case Study", "id": "3SuFuFEXG_g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-17", "recording_date": "2015-01-01", "date_source": "context", "date_evidence": "Initially when I bought the business in 2015, I just thought this is a cheap business.", "summary": "Pabrai describes his 2015 purchase of Rain Industries as a cyclical deep-value investment with a 10% stake, which evolved from a 5x short-term speculative play into a long-term 10- to 15-year hold after he recognized the quality of management and the hidden moat.", "sort_date": "2015-01-01", "company": "Rain Industries", "market": "India", "type": "owns", "quote": "we own 1/10 of the business", "context": "Pabrai owns 10% of Rain Industries and sees himself as a long-term owner", "confidence": 95}, {"video_title": "Mohnish Pabrai's Deep Value Cyclical Bet | Stocks | Investment | Case Study", "id": "3SuFuFEXG_g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-17", "recording_date": "2015-01-01", "date_source": "context", "date_evidence": "Initially when I bought the business in 2015, I just thought this is a cheap business.", "summary": "Pabrai describes his 2015 purchase of Rain Industries as a cyclical deep-value investment with a 10% stake, which evolved from a 5x short-term speculative play into a long-term 10- to 15-year hold after he recognized the quality of management and the hidden moat.", "sort_date": "2015-01-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "we were at a low point in that cyclicality", "context": "In 2015, he identified a cyclical trough with limited downside risk and strong upside potential", "confidence": 92}, {"video_title": "Mohnish Pabrai's Deep Value Cyclical Bet | Stocks | Investment | Case Study", "id": "3SuFuFEXG_g", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-03-17", "recording_date": "2015-01-01", "date_source": "context", "date_evidence": "Initially when I bought the business in 2015, I just thought this is a cheap business.", "summary": "Pabrai describes his 2015 purchase of Rain Industries as a cyclical deep-value investment with a 10% stake, which evolved from a 5x short-term speculative play into a long-term 10- to 15-year hold after he recognized the quality of management and the hidden moat.", "sort_date": "2015-01-01", "company": "Rain Industries", "market": "India", "type": "bullish", "quote": "you find a great moat but no one else can see it yet", "context": "He saw a competitive advantage that the market had not yet recognized due to a lack of investor relations", "confidence": 88}, {"video_title": "“One Multibagger Is What You Need” - Mohnish Pabrai | Stocks | Investment", "id": "SlJ_jaeqYgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-02", "recording_date": "2014-01-01", "date_source": "context", "date_evidence": "At that time in 2014, Amazon was $300 a share", "summary": "Pabrai explains his shift in strategy toward a \"multibagger\" focus with a long-term holding strategy rather than the Graham approach; he owns a third of a Turkish company that he intends to hold for the long term", "sort_date": "2014-01-01", "company": null, "market": "Turkey", "type": "owns", "quote": "when I bought our investment in Turkey... we own one-third of that business", "context": "Pabrai owns one-third (4 million of 12 million square feet) of a Turkish business, describes managers as really good, plans to hold long-term", "confidence": 95}, {"video_title": "“One Multibagger Is What You Need” - Mohnish Pabrai | Stocks | Investment", "id": "SlJ_jaeqYgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-02", "recording_date": "2014-01-01", "date_source": "context", "date_evidence": "At that time in 2014, Amazon was $300 a share", "summary": "Pabrai explains his shift in strategy toward a \"multibagger\" focus with a long-term holding strategy rather than the Graham approach; he owns a third of a Turkish company that he intends to hold for the long term", "sort_date": "2014-01-01", "company": "Amazon", "market": "United States", "type": "bullish", "quote": "Nick understood Amazon really well... business was exceptional", "context": "He uses Nick Sleep's Amazon investment (40% of his portfolio in 2013, rising from $300 to over $3,300) as an example of his \"multibagger\" approach", "confidence": 75}, {"video_title": "“One Multibagger Is What You Need” - Mohnish Pabrai | Stocks | Investment", "id": "SlJ_jaeqYgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-02", "recording_date": "2014-01-01", "date_source": "context", "date_evidence": "At that time in 2014, Amazon was $300 a share", "summary": "Pabrai explains his shift in strategy toward a \"multibagger\" focus with a long-term holding strategy rather than the Graham approach; he owns a third of a Turkish company that he intends to hold for the long term", "sort_date": "2014-01-01", "company": "Costco", "market": "United States", "type": "bullish", "quote": "Costco and Berkshire Hathaway made up almost the rest of the portfolio", "context": "He cites Nick Sleep's portfolio (90% in Amazon, Costco, and Berkshire) as a model for a concentrated multibagger strategy", "confidence": 70}, {"video_title": "“One Multibagger Is What You Need” - Mohnish Pabrai | Stocks | Investment", "id": "SlJ_jaeqYgs", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-02", "recording_date": "2014-01-01", "date_source": "context", "date_evidence": "At that time in 2014, Amazon was $300 a share", "summary": "Pabrai explains his shift in strategy toward a \"multibagger\" focus with a long-term holding strategy rather than the Graham approach; he owns a third of a Turkish company that he intends to hold for the long term", "sort_date": "2014-01-01", "company": "Berkshire Hathaway", "market": "United States", "type": "bullish", "quote": "Costco and Berkshire Hathaway made up almost the rest of the portfolio", "context": "Part of Nick Sleep's focused portfolio, which Pabrai uses as a model for his revised investment approach", "confidence": 70}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": "Satyam Computer Services", "market": "India", "type": "bought", "quote": "I made a $10,000 investment in Satyam. I bought it at 40 rupees a share", "context": "He bought Satyam in 1995 for $10,000 at 40 rupees as one of his first investments in India", "confidence": 98}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": "Dando Holdings", "market": "United States", "type": "owns", "quote": "I set up Dando Holdings about 18 months ago and we raised about 150 million", "context": "Founded his own holding company with $150 million to acquire private companies, real estate, and insurance", "confidence": 98}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": "Satyam Computer Services", "market": "India", "type": "sold", "quote": "sold and I had these certificates... the money got into my bank in India", "context": "Sold Satyam in February/March 2000 at 7,000 rupees after a 130- to 140-fold gain; originally purchased at 40 rupees", "confidence": 95}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": "Silicon Valley Bank", "market": "United States", "type": "bought", "quote": "we bought Silicon Valley Bank and within about 6 months we had a 4x on it", "context": "Bought SVB in 1999 because of its warrants in venture-capital-backed companies; made a 4x return in 6 months", "confidence": 95}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": "PeopleSoft", "market": "United States", "type": "watching", "quote": "I can't buy the stock because it's ridiculously priced... trading at like more than 50 times earnings", "context": "Found PeopleSoft interesting but too expensive, so made a backdoor investment through the IT Services Practice instead", "confidence": 85}, {"video_title": "How I Became a Millionaire! | Mohnish Pabrai | Stocks | Investment", "id": "xfOhSr6bWLU", "channel": "The Financial Economics", "source_url": "", "published_at": "2025-10-16", "recording_date": "2011-01-01", "date_source": "context", "date_evidence": "about a year ago I set up a company called Dando Holdings... about 18 months ago and we raised about 150 million", "summary": "Pabrai recounts his investment journey from 1994 to 2011: early successful investments in Satyam (130x) and Silicon Valley Bank (4x), and the founding of Dando Holdings with $150 million", "sort_date": "2011-01-01", "company": null, "market": "India", "type": "bought", "quote": "I bought three or four different stocks in India and Satyam was one of them", "context": "Made several investments in India in the mid-1990s in addition to Satyam", "confidence": 75}, {"video_title": "Mohnish Pabrai on Mitigating Loses with a Checklist (2010)", "id": "chFfHJ1oyTE", "channel": "Pabrai Wagons ETF", "source_url": "", "published_at": "2025-12-04", "recording_date": "2010-01-01", "date_source": "context", "date_evidence": "Video-Titel enthält '(2010)'", "summary": "Pabrai explains his investment checklist methodology for minimizing losses, which is based on an analysis of failed investments such as Dexter Shoes.", "sort_date": "2010-01-01", "company": "Dexter Shoes", "market": "USA", "type": "bearish", "quote": "I looked at Dexter shoes where Warren Buffett lost money", "context": "Pabrai uses Dexter Shoes as an example of one of Buffett's failed investments to derive checklist questions", "confidence": 75}, {"video_title": ""HE SAW IT FIRST..." #stockmarket", "id": "wwrLM4TYJ_k", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-19", "recording_date": "2008-10-01", "date_source": "explicit", "date_evidence": "October of 2008. I go to Michael Burry's office", "summary": "Pabrai recounts how, in 2008, he ignored Michael Burry’s warning about the housing crisis and his CDS trade, even though Burry was later proven right", "sort_date": "2008-10-01", "company": null, "market": "US Real Estate", "type": "bearish", "quote": "real estate's going to blow up and everything's going to blow up", "context": "In October 2008, Michael Burry explained to Pabrai his bearish thesis on real estate via credit default swaps, but Pabrai did not act on the signal at the time", "confidence": 45}, {"video_title": ""HE SAW IT FIRST..." #stockmarket", "id": "wwrLM4TYJ_k", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-05-19", "recording_date": "2008-10-01", "date_source": "explicit", "date_evidence": "October of 2008. I go to Michael Burry's office", "summary": "Pabrai recounts how, in 2008, he ignored Michael Burry’s warning about the housing crisis and his CDS trade, even though Burry was later proven right", "sort_date": "2008-10-01", "company": null, "market": "Western Markets", "type": "bearish", "quote": "the whole Western world's going to blow up", "context": "Burry warned of a systemic collapse in Western markets, but Pabrai ignored it (\"the horse didn't drink\")", "confidence": 40}, {"video_title": "🔥INCERTIDUMBRE vs RIESGO🔥Como invertir en momentos de incertidumbre. Mohnish Pabrai en español.", "id": "4mTUmc-t7TY", "channel": "Financial Master", "source_url": "", "published_at": "2026-04-30", "recording_date": "2004-01-01", "date_source": "context", "date_evidence": "hice una inversión hace algunos años, como en 2004 o así, hace 14 o 15 años", "summary": "Pabrai explains his investment strategy: low risk with high uncertainty, illustrated by his successful 2004 investment in Ipsco ($45 to $153) and Buffett’s Washington Post example", "sort_date": "2004-01-01", "company": "Ipsco", "market": "Canada", "type": "bought", "quote": "It was a steel company in Canada called Ipsco... I bought it at 45", "context": "Bought Ipsco shares in 2004 at $45; the company had no debt and guaranteed earnings of $15 per share for two years", "confidence": 95}, {"video_title": "🔥INCERTIDUMBRE vs RIESGO🔥Como invertir en momentos de incertidumbre. Mohnish Pabrai en español.", "id": "4mTUmc-t7TY", "channel": "Financial Master", "source_url": "", "published_at": "2026-04-30", "recording_date": "2004-01-01", "date_source": "context", "date_evidence": "hice una inversión hace algunos años, como en 2004 o así, hace 14 o 15 años", "summary": "Pabrai explains his investment strategy: low risk with high uncertainty, illustrated by his successful 2004 investment in Ipsco ($45 to $153) and Buffett’s Washington Post example", "sort_date": "2004-01-01", "company": "Ipsco", "market": "Canada", "type": "sold", "quote": "The stock price rose to 153... I didn't even wait for the deal to close—I cashed out.", "context": "Sold Ipsco at around $153 after a Swedish company made a $160 takeover bid; did not wait for the deal to close", "confidence": 95}, {"video_title": "🔥INCERTIDUMBRE vs RIESGO🔥Como invertir en momentos de incertidumbre. Mohnish Pabrai en español.", "id": "4mTUmc-t7TY", "channel": "Financial Master", "source_url": "", "published_at": "2026-04-30", "recording_date": "2004-01-01", "date_source": "context", "date_evidence": "hice una inversión hace algunos años, como en 2004 o así, hace 14 o 15 años", "summary": "Pabrai explains his investment strategy: low risk with high uncertainty, illustrated by his successful 2004 investment in Ipsco ($45 to $153) and Buffett’s Washington Post example", "sort_date": "2004-01-01", "company": "Washington Post", "market": "USA", "type": "watching", "quote": "Buffett said that... the market capitalization was about 80 million... it would have sold for 400 million", "context": "Pabrai uses Buffett's investment in The Washington Post as an example of the difference between risk and uncertainty: market value of $80 million vs. private value of $400 million", "confidence": 75}, {"video_title": "“Why I Don’t Panic When Stocks Crash” - Mohnish Pabrai | Stocks | Investment", "id": "CtoR-QZSzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-07", "recording_date": "2002-01-01", "date_source": "context", "date_evidence": "A few years back, I think it's going by a long time, probably 15 years ago, uh I I made an investment 15 or 16 years ago in a funeral services company called Steuart Enterprises... in 2002 I noticed this funeral services company", "summary": "Pabrai explains his philosophy of not investing in recessions or macro trends, but rather in individual companies with predictable revenues and extremely low valuations, as illustrated by his purchase of Steuart Enterprises in 2002 at a P/E ratio of 2", "sort_date": "2002-01-01", "company": "Steuart Enterprises", "market": "Unknown", "type": "bought", "quote": "in 2002 I noticed this funeral services company sitting at two times earnings", "context": "Pabrai bought Steuart Enterprises in 2002 at a P/E ratio of 2 because its revenue was stable and predictable (funeral services) and the industry is not highly competitive", "confidence": 95}, {"video_title": "“Why I Don’t Panic When Stocks Crash” - Mohnish Pabrai | Stocks | Investment", "id": "CtoR-QZSzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-07", "recording_date": "2002-01-01", "date_source": "context", "date_evidence": "A few years back, I think it's going by a long time, probably 15 years ago, uh I I made an investment 15 or 16 years ago in a funeral services company called Steuart Enterprises... in 2002 I noticed this funeral services company", "summary": "Pabrai explains his philosophy of not investing in recessions or macro trends, but rather in individual companies with predictable revenues and extremely low valuations, as illustrated by his purchase of Steuart Enterprises in 2002 at a P/E ratio of 2", "sort_date": "2002-01-01", "company": "Service Corp", "market": "Unknown", "type": "watching", "quote": "last time I looked at Service Corp, it was at $37 at like 17 times earnings", "context": "Service Corp has acquired Steuart Enterprises. Pabrai is monitoring the stock, but no longer finds it attractive at a P/E ratio of 15–17 compared to its previous P/E ratio of 2.", "confidence": 75}, {"video_title": "“Why I Don’t Panic When Stocks Crash” - Mohnish Pabrai | Stocks | Investment", "id": "CtoR-QZSzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-07", "recording_date": "2002-01-01", "date_source": "context", "date_evidence": "A few years back, I think it's going by a long time, probably 15 years ago, uh I I made an investment 15 or 16 years ago in a funeral services company called Steuart Enterprises... in 2002 I noticed this funeral services company", "summary": "Pabrai explains his philosophy of not investing in recessions or macro trends, but rather in individual companies with predictable revenues and extremely low valuations, as illustrated by his purchase of Steuart Enterprises in 2002 at a P/E ratio of 2", "sort_date": "2002-01-01", "company": "Valeant", "market": "Unknown", "type": "bearish", "quote": "recently we'd find valiant in there for example on the lowest PE list", "context": "Pabrai cites Valeant as an example of a stock with a low P/E ratio that investors still want to avoid—a \"dog\" with plenty of good reasons for its low P/E ratio", "confidence": 70}, {"video_title": "“Why I Don’t Panic When Stocks Crash” - Mohnish Pabrai | Stocks | Investment", "id": "CtoR-QZSzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-07", "recording_date": "2002-01-01", "date_source": "context", "date_evidence": "A few years back, I think it's going by a long time, probably 15 years ago, uh I I made an investment 15 or 16 years ago in a funeral services company called Steuart Enterprises... in 2002 I noticed this funeral services company", "summary": "Pabrai explains his philosophy of not investing in recessions or macro trends, but rather in individual companies with predictable revenues and extremely low valuations, as illustrated by his purchase of Steuart Enterprises in 2002 at a P/E ratio of 2", "sort_date": "2002-01-01", "company": "United Airlines", "market": "Unknown", "type": "bearish", "quote": "United Airlines went down for a really good reason after 9/11", "context": "Pabrai uses United Airlines as an example of justified stock price declines following 9/11 (flight bans, planes used in attacks) in contrast to Steuart Enterprises", "confidence": 65}, {"video_title": "“Why I Don’t Panic When Stocks Crash” - Mohnish Pabrai | Stocks | Investment", "id": "CtoR-QZSzjw", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-07", "recording_date": "2002-01-01", "date_source": "context", "date_evidence": "A few years back, I think it's going by a long time, probably 15 years ago, uh I I made an investment 15 or 16 years ago in a funeral services company called Steuart Enterprises... in 2002 I noticed this funeral services company", "summary": "Pabrai explains his philosophy of not investing in recessions or macro trends, but rather in individual companies with predictable revenues and extremely low valuations, as illustrated by his purchase of Steuart Enterprises in 2002 at a P/E ratio of 2", "sort_date": "2002-01-01", "company": "Gainer Technologies", "market": "Unknown", "type": "bearish", "quote": "the stock has crashed nearly 50% over the last 1 year", "context": "This is NOT Pabrai speaking—this is the narrator in the second part of the video. The audio should NOT be recorded because it is not Pabrai speaking.", "confidence": 0}, {"video_title": "“Where Markets Hide Their Best Opportunities” - Mohnish Pabrai | Stocks | Investment", "id": "ou8mYN_x0lc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-23", "recording_date": "2001-01-01", "date_source": "context", "date_evidence": "in 2001 2002 level three... Peter Kit and Sons... had spun out... broadband carrier level three", "summary": "Pabrai explains his investment philosophy using his Level 3 convertible bond position following the dot-com crash and the concept that Wall Street often misprices \"low risk but high uncertainty.\"", "sort_date": "2001-01-01", "company": "ADP", "market": "USA", "type": "bearish", "quote": "do we have an interest in ADP? No, we have no interest in ADP", "context": "Pabrai explains that while ADP is a great business with predictable earnings, it is \"priced to perfection\" and therefore not of interest to him", "confidence": 98}, {"video_title": "“Where Markets Hide Their Best Opportunities” - Mohnish Pabrai | Stocks | Investment", "id": "ou8mYN_x0lc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-23", "recording_date": "2001-01-01", "date_source": "context", "date_evidence": "in 2001 2002 level three... Peter Kit and Sons... had spun out... broadband carrier level three", "summary": "Pabrai explains his investment philosophy using his Level 3 convertible bond position following the dot-com crash and the concept that Wall Street often misprices \"low risk but high uncertainty.\"", "sort_date": "2001-01-01", "company": "Level 3 Communications", "market": "USA", "type": "bought", "quote": "I had made an investment at that time in level three", "context": "Pabrai bought Level 3 convertible bonds for 20 cents on the dollar after the dot-com crash because he believed Walter Scott Jr. would avoid bankruptcy and that the 6% coupon would continue to be paid for three years", "confidence": 95}, {"video_title": "“Where Markets Hide Their Best Opportunities” - Mohnish Pabrai | Stocks | Investment", "id": "ou8mYN_x0lc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-23", "recording_date": "2001-01-01", "date_source": "context", "date_evidence": "in 2001 2002 level three... Peter Kit and Sons... had spun out... broadband carrier level three", "summary": "Pabrai explains his investment philosophy using his Level 3 convertible bond position following the dot-com crash and the concept that Wall Street often misprices \"low risk but high uncertainty.\"", "sort_date": "2001-01-01", "company": "Level 3 Communications", "market": "USA", "type": "bullish", "quote": "convertible bonds were trading at about 20 cents on the dollar... bond has a 6% coupon", "context": "In his view, these were an asymmetric bet: even if he went bankrupt, he would get his principal back through the coupons and would have a 100-cent claim on the assets", "confidence": 92}, {"video_title": "“Where Markets Hide Their Best Opportunities” - Mohnish Pabrai | Stocks | Investment", "id": "ou8mYN_x0lc", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-01-23", "recording_date": "2001-01-01", "date_source": "context", "date_evidence": "in 2001 2002 level three... Peter Kit and Sons... had spun out... broadband carrier level three", "summary": "Pabrai explains his investment philosophy using his Level 3 convertible bond position following the dot-com crash and the concept that Wall Street often misprices \"low risk but high uncertainty.\"", "sort_date": "2001-01-01", "company": "Exxon", "market": "USA", "type": "watching", "quote": "if that number is let's say for Exxon 500 billion and the market cap is 200 billion or 100 billion, you have a basis to do something", "context": "Pabrai uses Exxon as an example to illustrate his thesis on \"low-risk but high-uncertainty\" situations, where mental models can be used to establish a floor for intrinsic value", "confidence": 65}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": "Microsoft", "market": "USA", "type": "bearish", "quote": "I said, 'It's a terrible investment.' And it's going to play out really badly for you.", "context": "In 2000, Pabrai warned Microsoft employees that the stock was overvalued, with a P/E ratio of 70, a market cap of $600–700 billion, and cash flow of just $10 billion", "confidence": 95}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": "S&P 500", "market": "USA", "type": "bearish", "quote": "The odds that the S&P delivers over 5% returns a year for the next 10 or 15 years approximates zero.", "context": "Pabrai expects the S&P 500 to yield only 3–5% annually over the next 10–15 years, and likely less than 3%", "confidence": 92}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": "Nvidia", "market": "USA", "type": "bearish", "quote": "To get my seven trillion, I need 15 trillion in cash flow. Show me how they're coming.", "context": "With a market cap of $3.5 trillion, Nvidia would have to generate $500–700 billion in annual cash flow, which Pabrai considers unrealistic—it goes in the “too hard” pile", "confidence": 90}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": "Berkshire Hathaway", "market": "USA", "type": "watching", "quote": "They're not even buying their own stock now, because they think it's too richly priced.", "context": "Buffett's large cash position and the suspension of share buybacks suggest that he considers the market to be overvalued", "confidence": 88}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": "Microsoft", "market": "USA", "type": "bullish", "quote": "If I owned Microsoft today, I would be more bullish on it than I was in 2000.", "context": "Today, he has a more positive view of Microsoft than he did in 2000, but he would recommend keeping at least half of one's assets invested outside of Microsoft", "confidence": 85}, {"video_title": "What Happens When PE Gets Too High? | Mohnish Pabrai | Stocks | Investment", "id": "1d8CdaNfMHM", "channel": "The Financial Economics", "source_url": "", "published_at": "2026-04-06", "recording_date": "2000-01-15", "date_source": "context", "date_evidence": "I want to tell you about a visit I made to Microsoft headquarters in early 2000. I think this was about January 2000.", "summary": "Pabrai warns of overvaluation in Microsoft (2000), Nvidia, and the S&P 500, expects low returns, and sees a high probability of a market correction", "sort_date": "2000-01-15", "company": null, "market": "USA", "type": "bearish", "quote": "The odds that we will have a significant dislocation in the market in the next 10 years is quite high.", "context": "Pabrai believes there is a high probability of a significant market correction over the next 10 years", "confidence": 85}]