Not sure if this is new or is the talk he gave a few months ago but it has just been posted by the official Google Talk account on Youtube and is dated June 23 2017 – either way worth a look, so check it out below
In this talk, Mohnish Pabrai discusses how the plethora of deeply entrenched biases and flawed evolutionary brain wiring makes us prone to make plenty of mistakes when picking stocks. Specifically, the more time we spend analyzing a given business, the more likely we are to like it and invest in it. But if we don’t spend time studying a business, how are we expected to understand its prospects and likely future? This strong commitment bias is an important reason why most investment managers have trouble beating the index. Mohnish will lay out the origins of this bias problem and a few hacks to get around it.
Moderated by Saurabh Madaan.
David Einhorn's Greenlight Capital funds were up 11.9% for 2021, compared to the S&P 500's 28.7% return. Since its inception in May 1996, Greenlight has returned 1,882.6% cumulatively and 12.3% net on an annualized basis. Q4 2021 hedge fund letters, conferences and more The fund was up 18.6% for the fourth quarter, with almost all Read More