We Study Billionaires - The Investors Podcast

IN THIS EPISODE, YOU’LL LEARN 00:02:41 - How an introduction from Warren Buffett led to Mohnish’s friendship with Charlie Munger. 00:04:46 - What it’s been like to hang out with Charlie over the last 14 years.  00:15:45 - How Warren and Charlie have succeeded by being voracious “learning machines.” 00:18:59 - How Warren and Charlie differ from each other as investors. 00:22:12 - How Charlie figured out that Li Lu would be one of the greatest investors of our time. 00:42:34 - Why it’s helpful to know that even the best investors are wrong a third or half of the time. 00:43:18 - How a checklist and other “circuit breakers” can help you to reduce your error rate. 01:00:53 - Why Mohnish and Charlie believe it’s a huge competitive advantage to be ethical. 01:03:56 - How Mohnish decides whether or not to build a relationship with someone.  01:12:55 - How he’s changed, becoming more committed to serving others as selflessly as possible. 01:15:19 - What Mohnish figured out about how to parent his daughters