Chai with Pabrai

Mohnish Pabrai's Interview with Kim Kiho at Knowledge Inside podcast on June 8, 2026.


(00:00:00) - Introduction

(00:01:44) - Lunch with Warren Buffett vs. Eric Schmidt; Introduction to Charlie Munger

(00:11:47) - Impact of declining population of South Korea; SK Hynix, Samsung & Micron

(00:17:19) - KOSPI 

(00:17:57) - My Investment checklist - an inspiration from the FAA; Buffett's Dexter Shoes investment

(00:25:27) - Three most important items in a checklist; IKEA & Amorepacific

(00:31:19) - Active vs. Passive investing; Look for risk-free investments

(00:35:10) - Investing in Turkey; Reysas

(00:39:24) - The Dhandho investing: Heads I win, Tails I do not lose much

(00:41:20) - Investing in AI; Do not buy shiny items

(00:43:39) - How to build wealth; The Rule of 72 & The Manhattan island deal in 1623

(00:50:24) - Giving back; The Dakshana Foundation

(00:53:52) - Advice to listeners

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Mohnish Pabrai's Interview with Shaan Puri at My First Million on May 5, 2026.


(00:00:00) - Introduction

(00:00:30) - Value investing in the US; Importance of patience in investing

(00:02:15) - Mental models: The mistress is always hotter than the wife

(00:04:58) - Introduce randomness in your life; Peter Lynch's One Up on Wall Street

(00:08:12) - Elon Musk

(00:09:42) - From admiring to executing; Sam Walton & Cloning

(00:13:24) - Tesla; Blue Origin vs. SpaceX

(00:14:10) - Randomness & Cloning; Farm Con & Kevin Van Trump to Milk road

(00:16:40) - McDonald's vs. Burger King

(00:17:05) - The Bedrock model: Take a simple idea and take it seriously; Turkey vs. Indian markets

(00:20:39) - Mental model conflicts; Circle of competence

(00:23:13) - The salad oil crisis; Buffett's stake in AmEx and Disney

(00:26:12) - Traits of great investors: Keep investing simple; Warren's Too Hard Pile

(00:30:27) - Aksarben racetrack and Buffett's tickets adventure; Moody's Manual

(00:33:02) - Japanese Company Handbook; Look for needles in haystacks 

(00:34:40) - Stock market: Church with a Casino

(00:38:42) - Lunch with Warren Buffett; Leverage lesson from Rick Guerin

(00:41:39) - Inner scorecard vs. Outer scorecard

(00:43:25) - Cash and capital allocation at Berkshire Hathaway

(00:45:14) - My best investments; Investing in Turkey - Reysas & TAV Airports

(00:54:57) - Active vs. Passive investing

(00:57:22) - Business Moats; McDonald's & FICO

(00:59:25) - Investing with AI

(01:02:58) - Constellation Software Services; Mark Leonard

(01:09:45) - GLP-1

(01:10:48) - Bitcoin vs. Gold

(01:11:32) - Do not die at 25 and get buried at 75; Get your music out

(01:15:37) - Studying great investors: Ed Thorp

(01:20:45) - Ken Griffin: Citadel

(01:23:01) - Advice to listeners: Lead an aligned life - My owner's manual by Jack Skeen

(01:28:08) - Guy Spier's letter to me

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.

Mohnish Pabrai's Interview with Stig Brodersen at The Investor's Podcast on March 23, 2026.


(00:00:00) - Introduction

(00:00:41) - Berkshire Hathaway: Warren Buffett vs. Greg Abel

(00:04:39) - Greg Abel vs. Ajit Jain; Compensation at Berkshire

(00:08:15) - Investing horizon of 50-100 years; Berkshire Hathaway vs. S&P 500 index

(00:09:48) - Running my own company and team; Delegation and structuring

(00:12:34) - Pabrai Wagons ETF

(00:13:24) - Inner scorecard vs. Outer scorecard

(00:16:16) - Investing in Turkey; Micro trumps the macro

(00:18:44) - Diversification of portfolio; Walmart

(00:21:25) - Constellation Software Services; Mark Leonard

(00:25:14) - Frontline; Micheal Burry

(00:29:58) - Met coal vs. IPSCO; CONSOL Energy & AMR

(00:35:48) - Selling a stock; Walmart and Nifty 50 in 1970's

(00:39:49) - Portfolio concentration

(00:41:24) - What I Learned About Investing from Darwin by Pulak Prasad; Microsoft & Walmart

(00:44:22) - Guy Spier

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization. 

The interview host is an investor in Pabrai Funds and therefore has a financial interest in the funds' performance, which creates a potential conflict of interest. The host was not compensated for this interview. The views expressed are those of the host and Mohnish Pabrai and do not constitute investment advice or a recommendation to invest.

Mohnish Pabrai's Q&A session with Dakshana scholars at the JNV Bangalore Urban, Karnataka, India on December 25, 2025.                       
(00:00:00) - Introduction

(00:00:31) - Charlie Munger's mental models

(00:05:40) - The Karam Yogi model; Mukesh Ambani & Jio

(00:09:45) - Books: Time travel for entrepreneurs

(00:12:01) - The Founders Podcast

(00:16:01) - Giving back through Dakshana

(00:20:29) - Upanishads: Your deepest desire is your destiny

(00:24:13) - Building Dakshana: Cloned from the Super 30 model

(00:33:32) - Follow your passion, success follows naturally

(00:35:10) - With hard work think smart

(00:36:42) - Clone smartly, compete confidently

(00:39:05) - Technology is overrated, follow your passion

(00:42:48) - Growth begins outside comfort zone; Toastmasters

(00:46:25) - Cloning Dakshana from Super 30; Anand Kumar

(00:50:36) - Human reciprocation mental model

(00:57:28) - Execution and determination make the idea successful

(01:00:29) - Life's reverses; Charlie's No self-pity mode

The contents of this audio are for educational and entertainment purposes only, and do not purport to be, and are not intended to be financial, legal, accounting, tax, or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation, or needs, and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser.

Mental Models for Exceptional Capital Allocation by Mohnish Pabrai at Heilbrunn Center for Graham and Dodd Investing on April 21, 2026.


(00:00:00) - Introduction

(00:02:03) - Charlie Munger's mental models

(00:03:54) - Model 1: The Bedrock model: Take a simple idea and take it seriously

(00:04:51) - Model 2: Ben Graham's three ideas on markets

(00:05:28) - Model 3: Do not overdose on Ben Graham; Poor Charlie's Almanack, Philip Fisher, and Pulak Prasad

(00:06:27) - Model 4: Buffett's lifetime 20-punch card

(00:07:15) - Model 5: Stay in the epicentre of your circle of competence; John Arrillaga

(00:09:09) - Model 6: A high error rate is guaranteed in investing

(00:09:26) - Model 7: Circle the wagons: the 4% rule

(00:10:36) - Berkshire's 12 best decisions in 60 years

(00:12:02) - Mistakes in investing: Ferrari, Progressive Insurance & Goldman Sachs

(00:12:55) - Model 8: Do not cut flowers and water weeds; The Nifty 50 crash in the 1970s & Walmart

(00:15:34) - Model 9: Be a shameless cloner; VIC & Dataroma; Gimat Gross

(00:16:43) - Model 10: History does not repeat itself; Investing in Turkey & Reysas

(00:19:50) - Model 11: Explain your investment thesis in 3-4 sentences to a 10-year old

(00:19:58) - Model 12: You always need a rope to get out of the deepest well

(00:23:14) - Model 13: Nick Sleep; Zen and the Art of Motorcycle Maintenance

(00:26:52) - Model 14: Thou shall not use Excel

(00:27:17) - Model 15: Use a pre-investment checklist

(00:28:06) - Model 16: Be singularly focused like Arjuna

(00:29:27) - Read the footnotes; Turn every page: Robert Caro

(00:31:16) - Model 17: Enjoy hunting for needles in haystacks; Buffett's childhood entrepreneurial adventures

(00:33:40) - Japanese Company Handbook; My introduction to Charlie Munger & Debbie Bozanek

(00:37:27) - Model 18: Your deepest desire is your destiny

(00:38:53) - Model 19: You should always have someone to discuss your investment ideas with; Li Lu

(00:40:45) - Model 20: The mistress is always hotter than the wife! 

(00:41:12) - Model 21: Neither a short-term borrower nor a long-term lender be

(00:41:33) - Model 22: Introduce randomness into your life; Peter Lynch's One up on Wall Street

(00:43:11) - Model 23: Be a Swiss Army knife

(00:43:24) - Model 24-26: Focus on spin-offs, uber cannibals & spawners; Alpha-Metallurgical Resources

(00:44:02) - Model 27: Arbitrage is wonderful; Transocean vs. Valaris

(00:44:17) - Model 28: Heads I win, Tails I don't lose much!; IPSCO and CONSOL Energy

(00:46:10) - Model 29: Focus on low-risk; high uncertainty bets

(00:46:45) - Model 30: Do not skim off the top

(00:47:23) - Book recommendations: Poor Charlie's Almanack, Influence & Excellent advice for living

(00:47:41) - Investing in Turkish vs. Indian markets

(00:50:17) - Follow your passion 

The contents of this website are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your own financial or investment adviser. Views expressed on Chai with Pabrai are exclusively those of Mohnish Pabrai and not of any affiliated firm or organization.