Mohnish Pabrai: Key Investing Lessons from "Circling the Wagons”

I summarize and discuss key lessons from Mohnish Pabrai’s latest presentation, Circle the Wagons, in which he emphasizes the importance of finding and protecting your very best few investments for the long term, and how to go about doing that. Related episodes: Mohnish Pabrai Talks Constellation Software & Mark Leonard https://youtu.be/xPI773-AE-I Mohnish Pabrai on The Best Super Investor You Don't Know: Rakesh Jhunjhunwala https://youtu.be/XwgLnnr_nCw Stan Druckenmiller Still Predicts Hard Landing Recession https://youtu.be/8Ue-etn4E74 Chris Mayer 100 Baggers: Stocks That Return 100 to 1! https://youtu.be/59CuGd2aAwg Peter Lynch's 2023 Advice on Buying Stocks - Rare Interview https://youtu.be/sZKt5j1Rwi0 Investor Li Lu Buying MORE Google Stock | Why? https://youtu.be/is9frHZaGYg The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using a referral link helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.