Mohnish Pabrai on Mistakes, AI Euphoria, Nvidia, Microsoft

In this episode I summarize and discuss selected parts of a recent Q&A session with value investor and fund manager Mohnish Pabrai. During the Q&A Pabrai offered his thoughts on investing mistakes and the reasons for the high average rate of investor errors, current Nvidia (NVDA) euphoria compared with Microsoft (MSFT) euphoria during the Dotcom Bubble, and what it takes to be a good investor. Timestamps: 00:00 Mohnish Pabrai Q&A intro 00:19 Investing mistakes and projecting Nvidia to infinity 01:20 Microsoft stock during and after the Dotcom Bubble 02:59 Amazon stock during and after the Dotcom Bubble 03.27 Nvidia rhyming with Dotcom Bubble era Mircosoft 05:11 The AI too hard basket and asking simpler questions 06:54 The other reason for high error rates in investing 07:58 What's needed to be a good investor Related episodes: Mohnish Pabrai: Key Investing Lessons from "Circling the Wagons” https://youtu.be/TqC_m7-DPfM Chuck Akre Said This About How to Find 100 Baggers https://youtu.be/xoKe1AvquTI Mohnish Pabrai Portfolio Update: Pabrai Buys BAM Stock! (Brookfield Asset Management) https://youtu.be/c5ivXtnz6-U Why Druckenmiller Owns Nvidia Despite "Nosebleed Territory” https://youtu.be/QP496jwcumk Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023 https://youtu.be/tYtG7ZvMSjM 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.