Mohnish Pabrai’s Checklist before Buying a Business
Mohnish Pabrai is known as India’s Warren Buffet. He is a also a good friend of Charlie Munger. Let’s check his checklist before buying stocks.
Mohnish Pabrai is known as India’s Warren Buffet. He is a also a good friend of Charlie Munger. Let’s check his checklist before buying stocks.
Interactive Brokers, Nasdaq ticker symbol IBKR, is a global online broker which offers their customers investment and trading services. Today, we would like to share with you every aspects of IBKR, including its review, the story of its founder, its advantages, how to open an IBKR account, fund your account, and start trading or investing. We would also share with you mistakes to avoid with IBKR and frequently asked questions.
The figure compared the gross profit margins of major international automobile manufacturers over a period spanning from the second quarter of 2022 to the fourth quarter of 2023, totaling seven quarters. In the fourth quarter of 2023, the gross profit margins of each car manufacturer from highest to lowest were Toyota at 22.3%, Honda at 21.7%, Tesla at 17.6%, General Motors at 7.7%, Ford at 5.5%, and the startup Rivian at -46%.
Surprisingly, Rivian had a staggering gross profit margin of negative 193% in the second quarter of 2022, likely due to insufficient production capacity, possibly inadequate yield rates, and insufficient sales. However, fixed costs such as management expenses continued to be incurred, demonstrating the significant challenges faced by capital-intensive startup companies. Since its inception, the company has yet to turn a profit for any quarter. Nonetheless, its electric pickup truck performance and camping experience are remarkable, and there is hope for Rivian to perform well in the future.
Warren Buffett’s Berkshire Hathaway issued yen bonds in 2019 and used these cheap yen to massively buy into Japan’s five major trading houses in 2020. There are mainly five reasons for this, including solid growth and easily understandable businesses, cheap yen, large company scale, cohesive and resilient Japanese culture, and cheap stock prices. This time, we will introduce these five major trading houses, understand their financial statements, and teach everyone how to invest in Japanese stocks.