In this episode we'll dive into a story about how Mohnish Pabrai made a 55%+ return on his Frontline investment (in a few months!). The story takes place in the early 2000's, but there's some great timeless lessons to learn from Mohnish's approach. By the way, in case you're wondering, Frontline is a company that transports crude oil around the world using massive ships. 

We'll go over how Mohnish used a mental model to figure out this was a good opportunity, and we cover the importance of having a circle of competence in investing. 

Sources:

https://www.youtube.com/watch?v=XNtWcAag9as&ab_channel=MohnishPabrai

https://www.morningstar.in/posts/38503/2/mohnish-pabrai-how-to-profit-from-uncertainty.aspx

Disclaimer

This podcast is for informational purposes only and should not be relied upon as the basis for investment decisions. I may maintain positions in the securities discussed on this podcast.