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The Infant Learner

Some stuff I read this week:

A.  This week’s Special:-

Mohnish Pabrai Lecture at UCI Paul Merage School of Business

Mr.Pabrai is a managing partner at Pabrai Investment Funds since its inception in 1999, which currently has $ 500 million of assets under management. A $ 100000 investment in Pubrai Investment Fund at inception ( on July 1,1999) is worth $889000 till 2015. Whereas that same amount invested in DJIA Index is worth only $234000 (assuming dividend were reinvested).

Prior to the fund, Mohnish worked for Tellabs , a telecom company , and late founded TransTech Inc. an IT consulting company. He is the author of the book : The Dhandho Investor “. His best investment ever was the $ 650,100 he paid for lunch with Warren Buffett.

He is a classic value investor following the footsteps of great value investors like Warren Buffett and Joel Greenblatt. He even set up the fee structure of his hedge fund the same way Warren Buffett did more than 50 years ago.He doesn’t charge any management fees and takes 25% of returns that are greater than a 6% threshold.

Recently he delivered lecture at UCL Paul Merage School of Business,where he explains following points:-

  • How Mr.Buffett and Mr.Munger did research on Coca-Cola before buying it stocks
  • His Investment Journey
  • Learning from investing mistakes
  • Index Investing
  • Benefit of early investing
  • About Dakshana Foundation

Kindly access to the below links for full lecture :
Mohnish Pabrai Lecture at Univ of CA, Irvine

B. Entrepreneurial Diary

( “Business means solution of a particular problem and Creating value for customer as well as value  for company ” – Paramjeet Redu )

Profile:Anand Mahindra ( Outlook )
How Dilip Buildcon reaped rich (Forbes )
Is Oyo Rooms the startup equivalent of a Ponzi Scheme  ( Linkidin )
Management lessons from Indra Nooyi ( Standford )
Start Up Funding  : Bonhomia ( RE )
Start up Corner : Unbxd ( Business Standard )
So you want to join a start-up? ( Mint )
How to get a job in VC (mattturck )
Why I turned down $500K, Pissed off my investors, and Shut down my startup ( Medium )

C. Other Stories

Business Analysis : Visa Inc ( Henry Fund )
10 Takeaways from the new Aviation Policy ( Firstpost)
The Global Stakes of a Saudi Aramco I.P.O. ( NY )
Inside the world of America’s 10 biggest gun makers ( Mother Jones )
Foxes versus Hedgehogs ( Boole )
What’s brewing at Starbucks India; Manmeet Vohra explains (Financial Express )
ATM Fraud : A real life story of a reader and her fight ( Basu Nivesh )
Rate Of Return On Capital  ( Burgundy )
Position Sizing in Value Investing ( whatheheckaboom )
How 2 Stock Market Amateurs Became Millionaires in a Year ( Sparkfin )
5 things to note about Wipro ( Morningstar )

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck