Pabrai Wagons ETF Shareholder Call Replay - September 23, 2026
Pabrai Wagons ETF
17,860 views
Disclosures:
Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Nothing contained on this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
Investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may focus its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in small- and medium-capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies. The Fund is new with a limited operating history and there can be no assurance that the Fund will grow to or maintain an economically viable size.
Download the prospectus here: https://www.wagonsetf.com/ir
Expense ratio of the fund is 0.90%.
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Cashflow: the amount of cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
References to the performance record of Berkshire Hathaway, Warren Buffett, or Charlie Munger is in no way meant to suggest the Fund will have a similar record or performance in the future.
The S&P 500 is an index of 500 large capitalization companies selected by Standard & Poor's Financial Services LLC. One cannot invest directly in an index.
CapEx, or capital expenditure, is the money a company spends to acquire, upgrade, or maintain long-term assets that support its operations and future growth.
Net Asset Value (NAV) is the value of a fund's total assets minus its total liabilities, divided by the number of outstanding shares.
PE stands for Price-to-Earnings ratio, a key valuation metric that compares a company's share price to its earnings per share (EPS).
Link to Top Ten Holdings: https://www.wagonsetf.com/fund-summary
Distributed by Quasar Distributors, LLC
Chapters:
00:00 Introduction
02:18 Reysas; Egemen's matching traits with Greg Abel and Ajit Jain
13:26 Alpha vs. Warrior metallurgical coal
18:03 Transocean; Leverage
21:48 Edelweiss & Nuvama
23:10 TAV Airports
25:53 Gimat - The Turkish Costco
28:02 Danaos Corporation
30:27 Kaspi
33:32 Constellation and Mark Leonard
34:14 Tab Gida
36:09 Mongolian Mining Corporation
39:41 Investing in Berkshire Hathaway shares vs. Wagons Fund
40:38 Evaluating businesses
44:25 Operations at Pabrai Wagons ETF
Pabrai Wagons ETF Shareholder Call Replay - September 23, 2026
Pabrai Wagons ETF
17,860 views
Disclosures:
Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Nothing contained on this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
Investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may focus its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in small- and medium-capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies. The Fund is new with a limited operating history and there can be no assurance that the Fund will grow to or maintain an economically viable size.
Download the prospectus here: https://www.wagonsetf.com/ir
Expense ratio of the fund is 0.90%.
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Cashflow: the amount of cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
References to the performance record of Berkshire Hathaway, Warren Buffett, or Charlie Munger is in no way meant to suggest the Fund will have a similar record or performance in the future.
The S&P 500 is an index of 500 large capitalization companies selected by Standard & Poor's Financial Services LLC. One cannot invest directly in an index.
CapEx, or capital expenditure, is the money a company spends to acquire, upgrade, or maintain long-term assets that support its operations and future growth.
Net Asset Value (NAV) is the value of a fund's total assets minus its total liabilities, divided by the number of outstanding shares.
PE stands for Price-to-Earnings ratio, a key valuation metric that compares a company's share price to its earnings per share (EPS).
Link to Top Ten Holdings: https://www.wagonsetf.com/fund-summary
Distributed by Quasar Distributors, LLC
Chapters:
00:00 Introduction
02:18 Reysas; Egemen's matching traits with Greg Abel and Ajit Jain
13:26 Alpha vs. Warrior metallurgical coal
18:03 Transocean; Leverage
21:48 Edelweiss & Nuvama
23:10 TAV Airports
25:53 Gimat - The Turkish Costco
28:02 Danaos Corporation
30:27 Kaspi
33:32 Constellation and Mark Leonard
34:14 Tab Gida
36:09 Mongolian Mining Corporation
39:41 Investing in Berkshire Hathaway shares vs. Wagons Fund
40:38 Evaluating businesses
44:25 Operations at Pabrai Wagons ETF