InvestED: Episode 144- Phil’s Favorite Gurus: Mohnish Pabrai

This week on InvestED podcast, Danielle and I are coming to you live from San Diego, California to continue our discussion on investing gurus and to reveal another guru that Phil Town himself admires and follows. Take a look at Mohnish Pabrai’s portfolio with us.

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In Episode 144 You’ll Learn:

  1. Which tools to look at when you are trying to find gurus to follow:
    1. Very Broad: Gurufocus (Lists All Gurus)
    2. Broad: Dataroma (Top 100 Gurus)
    3. Focused: Rule #1 Investing Toolbox (Top 47 Gurus)
  2. An overview of a hedge fund manager that Phil personally follows, Mohnish Pabrai.
    1. A brilliant and like-minded investor who can boast over a 25% rate of return to his investors consistently.
    2. 100% of his portfolio is held in 4 stocks, where he is currently holding his positions.
      1. Alphabet Inc.(GOOGL) – 49%
      2. Posco (PKX) – 30%
      3. Southwest (NYSE) – 12%
      4. Berkshire Hathaway (BRK.A/B) – 8%
      5. His total portfolio is estimated at about 1 billion.
      6. Currently owns 136 million dollars in stocks (14%), which means 86% is in cash.
    3. Mohnish made no major moves in 2017, aside to sell off his share of Seritage Growth Properties (SRG) due to his speculation regarding Sear’s performance and connection.
    4. What is Institutional Imperative?
      1. Pressure to do something even if it isn’t based on merit, coming from bosses, investors, etc.
    5. Coming Up Next Week: We’ll talk about another guru that Phil admires: Guy Spier.

Show Notes:

If you need to plan out your 2018 and get everything started off right, I created a 12 Month Financial Success Planner to get you started. It’s filled with monthly goals tracking, calendar planners, and monthly financial challenges to keep you on track. Click the button below to download it for free.

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On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.

  • Adler Cossovan

    recent interview. it seems he has Rain Industries in India.

    https://www.youtube.com/watch?v=XBY6aLezago&list=PLHQtHjXocftfgZaxa1Ev8elsXZXZNWO1Z&index=6

  • Bruce

    Hi Guys

    Love your show but the holdings discussed were wrong as mentioned by Jason below. Would be great to rerun this podcast.

    His holding in AER would be really interesting to discuss and don’t think he holds 86% cash? What about his Indian stocks?

    Cheers

  • Jason Dekdebrun

    Thought I would take a look at Mecham’s portfolio as well and that appears to be pretty different from the last podcast discussion too…

  • Jason Dekdebrun

    One other comment that wasn’t mentioned in the episode but I think is important: 13F filings are only for stocks traded on US exchanges, so Pabrai’s 13F doesn’t include his investments in India stocks.

  • Jason Dekdebrun

    Sooooo confused listening to this episode, but now I know why! Phil your website is showing different data for Pabrai’s portfolio than DataRoma or GuruFocus (which agree with each other). If you go off their data, lots of things change: he has 5 stocks not 4; he does not own PKX; he used to own Berkshire; Fiat Chrysler is by far his biggest position; he also owns AerCap, which he has been adding to as recently as Q3.

    What’s the deal?