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.