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This will save you 10 years of bad investments

2026-05-22 Entertainment
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My First Million
My First Million
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*Get Mohnish's 9 investment principles:* https://clickhubspot.com/1i6b Episode 827: Shaan Puri ( https://x.com/ShaanVP ) sits down with Mohnish Pabrai to break down the mental models that made him a billionaire value investor. — Show Notes: (0:00) Intro (1:25) Mental models of the top 1% (3:38) The mistress is always hotter than the wife (6:37) Introduce Randomness in your life (10:47)  Humans are poor at copying (20:13) Take a simple idea seriously (23:02)  Be and inch wide and a mile deep (30:29)  Never use Excel (35:03) Wait for fat pitches (39:38) the stock market is like a church with a casino (44:01) Paying $650,000 to have lunch with Warren Buffett (45:43) The cautionary tale of Rick Guerin (47:22) The inner score card (49:25) The future of Berkshire Hathaway (51:29) Mohnish’s best investment (1:02:39) The hardest question (1:06:16) How to beat the index (1:11:25) Mohnish's stock picks for 2026 (1:22:26)  S&P 500 (1:24:57) life advice disguised as investing advice (1:29:32)  Studying the greatest investors (1:37:51) if you remember nothing else, remember this — Links: Mohnish Part 1: https://www.youtube.com/watch?v=XikIr0kedY8 Mohnish Part 2: https://www.youtube.com/watch?v=TN5aKByr3Rs The Dhando Investor - https://a.co/d/0hkx1t8g — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Top Comments (10)

@MyFirstMillionPod 2026-05-22

*Get Mohnish's 9 investment principles:* https://clickhubspot.com/2afu

31 3 replies
@ElyssaGomez1 2026-06-04

Just put a small bag into sertexity last week. so far its calm, no heart attacks every candle, just the system working the edges

16
@alphabeta8403 2026-06-03

2:00 Temperament 8:00 The Buffett orbit 20:00 Go all in 30:00 *Every investment has to be very simple* 39:00 The stock market is like a church, with a casino attached to it 47:00 Outer score card vs inner score card 1:02:00 Mohnish’s ETF track record 1:06:00 4% of S&P makes big money 1:22:00 Bearish on S&P 😅 1:25:00 *Live til the very end, get your music out* 1:37:50 Lead an aligned life

9
@Stoutiam 2026-05-30

Easily my top 3 favorite episodes from this channel. You could feel your respect for him. So much wisdom throughout.

19 7 replies
@stephenpickering3300 2026-05-22

Could listen to Monhish all day, fantastic guest

114 3 replies
@bishalneupane 2026-05-22

I see pabrai and shaan, i watch it

40 1 replies
@WealthWithoutIllusions 2026-05-22

The best lesson here is that great investing is mostly the opposite of what the average person thinks it is. Most people believe the edge is more activity, more opinions, more trades, more predictions. Mohnish is saying the real edge is patience, cloning what already works, avoiding what’s too hard, and waiting until the opportunity is obvious enough to hit you like a 2x4 board to the head. The market rewards the few people who can sit still long enough for impatience to transfer wealth to them.

185 21 replies
@ryansteinberger7147 2026-05-22

i appreciate this so much, I have been studying Mohnish Pabrai for years now, and i can say that following his mental models, and studying his mentors like Charlie Munger and Warren Buffet have dramatically increased my quality of life and financial health! He has the best stories. I hope you continue to interview him for years to come.

13
@hello_world_104 2026-05-22

This is like going to see your grandpa every few months. Sometimes you hear the same stories but I still like hearing them and and it's fun and helpful! Thanks Monesh!!! (And Shaan!!)

115 10 replies
@Kraktur 2026-05-23

Very moving to see Monish read Guy’s letter. These are two of my best virtual friends 😅

8

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