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Mohnish Pabrai: Don’t use excel
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By Borsgade
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Back in mid-September 2023, Mohnish Pabrai was interviewed by Havard Business School, where they discuss a wide range of investment topics.
One of his somewhat surprising points is that he never uses Excel. A traditional calculator is enough to make a simple Discounted Cash Flow (DCF) calculation and from there it is a matter of being independent and rationally thinking and studying the company and the sector.
Rather than going to business school, he recommends studying Warren Buffett and Charlie Munger’s many letters and general meetings:
You actually don’t need to go to any school, you can just you know buffett.cnbc.com has all the annual meetings for the last more than 25 years. Six hours each, so it’s about 150 hours of Warren and Charlie. So I went through every single one of those in the shower twice, took about like six, seven months while I’m showering and shaving and brushing every morning.
And I’m going through it right now for the third time. Each time I learn more and every morning I get educated you know. Right now I’m in the year 2001, the afternoon session, it’s an orgasmic experience and the thing is it’s all there, it’s free.
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