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Episode 808: In this special episode, we’re pulling together the most replayed moments from our episodes with value investors like Mohnish Pabrai, Howard Marks and Guy Spier.
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Show Notes:
(0:00) Mohnish Pabrai: How to turn $10K into $1M
(3:56) Howard Marks: The S&P 500
(9:29) Guy Spier: Finite and Infinite Games
(14:47) Mohnish Pabrai: Circle the wagons
(17:58) Howard Marks: Recommended Reading
(23:03) Mohnish Pabrai: The most important thing
(27:16) Howard Marks: “When the time comes to buy, you won’t want to”
(31:17) Guy Spier: Don’t study lottery winners
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this hasn't aged well
Thank you bottom signal. I am up big on my S&P500 investment after watching this video.
BOY…..talk about giving the wrong advice…….LOL.
This aged well 😂
Oh, you have a crystal ball that can tell you the right time to buy and sell? People, don't listen to these people. The right time to invest is when you're ready for it. Educate yourself then invest. There is no right time to enter nor to exit the market. The right times are when you're ready to enter and when you're satisfied with the profit you made.
You can't use the pe ratio to project returns. Historically, the top 10 companies were ones with low pe ratios. Today, the top 10 companies are tech, which have higher pe ratios due to higher growth.
If you have 5 or 10-yr horizon, sp500 can be risky, but if you have 20-yr horizon, sp500 is the best option.
selling compounding for 50 years as gem sounds crazy to me, you can't be sure even if you'll be alive after 50 years,
and you are compounding for what?
even if you live you got 10-15 only years to enjoy that compounding.
children would enjoy the wealth though
Time in the market is better than timing the market.
The S&P is up 8.5% since this video came out.
Mohnish dropping absolute gold here!
His quote that 'risk comes from the behavior of people' is so incredibly true. A friend of mine does background investigations on executives for a living, and he says the biggest deals don't fail because of bad financials—they fail because the founders have huge egos, hidden liabilities, or toxic behavior.
Do you guys ever look into the psychological profiles of business owners before you acquire their companies, or is it strictly financial DD?
This aged poorly
N/A
This aged like milk.
I took everything he said with less than grain of salt
This is terrible investing advice.
This hasn’t aged well. 😂😂😂
To be a successful investor all you need to do is die or forget about your investments.
Video was released exactly when you should have actually bought S&P😂😂
i wish i could have entered
Wrong!
hahahahahah i did the opposite and made 20 percent on returns.
I don't trust this guy at all
its realy intersted
Free advice is not free.
Why are you posting a 2025 video again?
A private meeting in Panama City: seven people, no phones, no names. They managed invisible empires—trusts, shells, private funds. One man said, “After Solan, you stop being an operator. You become architecture.” I found the book. It didn’t teach income—it showed why the system needs you visible to own you. The real game isn’t earning– it’s detaching. They weren’t hiding from the system; they were building new ones beneath it.
a friend sent me The Silent Laws of Cash Power by Cameron Solan after a convo about why ppl with real money never flex he was like “this will explain it” and yeah he was right after reading it i understood why the richest ppl i’ve met act broke they dont play for attention they play for distance
On a quiet island in the Caribbean, I met a man who called himself a “risk architect.” He said his job was to erase connections– between wealth and identity. He told me, “Everyone chases control– but real power is in detachment. The Silent Laws of Cash Power by Cameron Solan explains it better than any consultant I’ve met.” After I read it, I realized he was right. The book teaches subtraction– less exposure, less emotion, less trace. It’s the art of being rich without existing.
During a fintech event in Tallinn, a speaker mentioned a book that “the old money crowd treats like contraband.” Afterward, I asked which one. He smiled and said, “The Silent Laws of Cash Power by Cameron Solan.” He told me, “If you understand that book, you’ll stop building businesses and start building systems.” He was right. It showed me that wealth isn’t the game– it’s the scoreboard. The real game happens in silence– through placement, control, and invisible ownership.
What about to invest on China and India index funds?
please note when these vids are recorded.. your guest references 2025 at the beginning. A lot has changed since then