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Came across an interesting conversation that the famous value investor Mohnish Pabrai had with Steve Pomeranz.
He talks about what value investing is, why individual companies matter to him more than broader markets (though not advised for normal passive or ‘defensive’ investors), the importance of temperament which should be a strange mix of patience and decisiveness, and contrary to popular perception – how entrepreneurs are actually looking for low risk opportunities with high potential returns.
You can listen to it at https://beta.prx.org/stories/207163
The audio has many other topics – the Pabrai talk is from minutes 9 to 18, and again from minutes 40 to 55 or so.
Some details of the talk are also at this link: http://www.stevepomeranz.com/mohnish-pabrai/