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Flashback Friday: Back in 2010, before our Portfolio Manager Mohnish Pabrai grew his signature #HandlebarMustache, he sat with Steve Forbes to explain how investment checklists help investors avoid repeating mistakes.

18,539 views • 8 months ago •via X (Twitter)

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Please join us by livestream for VALUExBRK 2025 this coming Friday May 2nd. It takes place just before the Berkshire Hathaway Annual Meeting. Berkshire has always felt like a modern pilgrimage — a journey where the real treasures are the people we meet, the wisdom we exchange, and the stories we share. We’re gathering an great group of thinkers, writers, and investors including: Chris Davis, Director at Berkshire Hathaway William Green William Green the author of Richer, Wiser, Happier Chris Begg Chris Begg of East Coast Asset Management Renato Gueraldi, senior manager at Kraft Heinz Luca Dellanna Luca Dellanna, author of Ergodicity and Winning Long-Term Games Ardal Loh-Gronager , author of The Perceptive Investor Robert Hagstrom Robert Hagstrom, author of The Warren Buffett Way and Investing: The Last Liberal Art Monsoon Pabrai Monsoon K. Pabrai , MD of Drew Investments Michael Green Michael Green, strategist and portfolio manager at Simplify Chris Bloomstran Christopher Bloomstran, host of the Tulipomania conference and manager at Semper Augustus Capital Brett Gardner Brett G, author of Buffett’s Early Investments Joachim Grube-Nagel, manager of Detlev Louis Motorrad, Berkshire’s successful German acquisition Mohnish Pabrai Mohnish Pabrai , manager of Pabrai Funds and founder of the Dakshana Foundation As in Chaucer’s Canterbury Tales, it’s the stories, the wisdom, and the fellowship that matter most. The link to the livestream to follow.

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40,537 views • 1 year ago

Investor Mohnish Pabrai on why being in a hurry to get rich is the fastest way to stay poor: Pabrai recounts a story about Warren Buffett, his partner Charlie Munger, and their associate Rick Guerin. The difference between them came down to one thing: urgency. "Charlie and I always knew we were going to be rich, but we were not in a hurry," Buffett told Pabrai. "And Rick was in a hurry." That hurry showed up in how Guerin invested. According to Pabrai, Buffett explained that Rick was always levered, always carrying margin loans. Then came the test. "When the downturn of 73 and 74 came," Pabrai recalls, "73, 74 was a very severe stock market correction. It was a crash in slow motion. Basically the markets went down more than 50% over that 2-year period." For an investor carrying margin loans, a drop like that is devastating. Guerin got a number of margin calls and was forced to sell. "Warren said that he bought Rick's Berkshire shares from him for 40 bucks a share," Pabrai explains. "I mean those shares are over 700,000 now, right?" The same shares Guerin sold under pressure for $40 each are worth over $700,000 today. Mohnish Pabrai closes with the timeless principle Buffett drew from it: "If you are even a slightly above average investor and spend less than you earn and do not use leverage, you can't help but get rich over [time]." The lesson isn't that you need to be a genius. You just need to stay in the game long enough for your investments to grow. Being in a hurry is what forces you to sell at the worst possible moment, and selling at the worst possible moment is how you lose. Patience is the edge that almost guarantees you win.

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🚨 OUR NEW INVESTOR & BOARD MEMBER: STEVE CRAGGS, CEO OF REMAX ENGLAND & WALES 🚨 Hello EstateX Family, We are back with a very exciting announcement as we count down to launch day—just 11 days to go! Steve Craggs, the CEO of REMAX England & Wales, has officially joined the EstateX Board and is now an investor in the $ESX token. Steve is a firm believer in EstateX’s potential, utilities, and vision, and he’s eager for the launch. As a board member, he will oversee Global Distributions, focusing on sourcing exclusive property deals with high yields and unbeatable opportunities—starting with our first U.S. offering. Opportunities competitors wouldn’t be able to provide. Steve’s Proven Track Record • Over 22 years in the property market. • Managed and closed over 1,500 property deals globally. • Built and sold 5 successful businesses from the ground up. • Founder of Blu Global, one of Europe’s fastest-growing resourcing companies, operating in 16 countries and employing over 1,000 people. With a worldwide network and unmatched connections, Steve brings exclusive access to lucrative global property deals, ensuring EstateX investors get first-class opportunities. Strengthening the Board Steve joins an already stellar lineup of experts who with his presence now looks like this: • Steve Craggs, CEO of REMAX England & Wales • Rainer Bergmann, former banking executive and crypto marketplace owner with 1M investors and 200 instructions • Graham Ade, lead developer and team leader on the European Central Bank’s CBDC project • Ron Mukherjee, former finance and IT executive with decades of experience • Wim Geleyn, expert in law, private equity, and fund structures • Adam Schmideg, former Head Engineer at Bunq and former Ethereum technical product manager And of course, our superstars Steve, Thomas, and BartEstateX With this powerhouse team, EstateX is positioned to revolutionize the real estate investment landscape. The future starts now! Let’s make history together!

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125,399 views • 1 year ago