Mohnish Pabrai’s Q&A Session with MBA Students at Columbia Business School – March 18, 2021

Professor Anuroop Duggal’s Value Investing Class Columbia Business School Columbia University 00:00:00 Introduction 00:04:55 Laws of investing 00:08:20 Following Warren Buffett 00:09:48 Finding long term compounders 00:11:38 Early-stage businesses 00:17:27 10 bagger business ideas 00:22:26 Copart: From Junk to Gold 00:39:15 Uber Cannibals 00:42:20 Investing is a game of probability 00:46:55 Ollies’ business model 00:51:37 Relationship with other investors 01:01:00 Marginal safety 01:06:09 My 401k plan 01:09:47 Businesses are fragile 01:12:55 Dakshana Foundation The contents of this video 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.