Aswath Damodaran: Globalization Backlash
April 1, 2025
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
Mohnish Pabrai: The power of sticking with the best companies
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By Borsgade
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Mohnish Pabrai is interviewed in ‘The Value Perspective’, where he explains how his father’s entrepreneurial spirit has influenced his approach to investing, his understanding of risk, the rationale behind cloning as a strategy and why he never went for what he calls the ‘insurance model’.
Pabrai also reflects on Benjamin Graham’s investment principles (Buffett’s teacher):
And so the model of giving a great business a lot of rope, which is holding it beyond the point at which you think it has passed its intrinsic value would be blasphemy in the world of Ben Graham. But I think that approach is extremely important for true wealth creation over long periods.
Ben Graham himself made most of his money from owning one particular business for many decades, which was Geico. And so the Geico ownership actually violated the core principles that he was espousing and teaching.
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