Mohnish Pabrai’s Lecture, Q&A with students of Peking Univ. (Guanghua School of Mgmt.)–Dec. 3, 2020

Professor Jiang Guohua’s Students “Compounding with the Spawners”

(00:00:00) - Introduction

(00:04:41) - Choices for an investor

(00:09:58) - The Path to Multi-Baggers

(00:13:35) - Spawners

(00:30:40) - The $50 Billion Rule

(00:33:57) - Pabrai Spawning rules

(00:36:46) - Set it and forget it

(00:42:58) - Conglomerates vs. Spawners in Emerging Markets

(00:43:52) - Fake Spawners

(01:06:27) - Core traits of Spawners

(01:19:12) - CMGI

(01:22:54) - When wealth is lost

(01:25:24) - Costco; Seritage

(01:29:18) - Entrepreneur’s Advantage

(01:33:07) - Leverage and Debt