By
Borsgade
Mohnish Pabrai recently stopped by Meb Faber’s podcast, which provided an interesting discussion on very different topics from Brigde to the ability to concentrate his portfolio and still sleep well at night.
Over time, many entrepreneurs have been comfortable with having a very large concentration in one company – namely the one they have founded. A strategy that has been used with great success by the Walton family and the founders of everything from Google to IKEA.
As investors, we believe Pabrai can adopt the same approach:
So I think that the framework we have to use is to think of ourselves as, if we are not the founder, we are basically an owner or a partner.
So think of it as a partnership in a private enterprise. And so I think that once you make that shift where you say that, “This is a family business, and I own 30% of the business. I’m not the founder, but I have a significant stake, and I understand the business.”
Then those two, the investor, the entrepreneur, start blending. I mean, we see this over and over.
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
In his 2025 Annual Investor Presentation, Bill Ackman provides his view on Pershing Square Holdings (PSH) strategic roadmap. Bill also shares his in depth thoughts on the portfolio and key business developments in the companies he owns such as Nike, Brookfield and Uber.
In this interview, British investing icon Terry Smith, the manager of the UK’s largest stock fund Fundsmith, shares his lessons after a lifetime of investing. Terry delves into the skills, personality traits, and principles that propelled him from humble beginnings to the top of the investing world.
In his recent article, NYU professor Aswath Damodaran discusses the disruptive entry of DeepSeek, a Chinese AI company, into the artificial intelligence (AI) landscape and its implications for the broader AI narrative.
In this article, AQR assess the assumption built into today’s market and what that likely will mean for forward returns. These insights aim to guide investors in setting realistic medium-term (5-10 years) expectations while emphasizing the importance of valuation discipline and diversification in navigating compressed risk premia across asset classes.
