Mohnish Pabrai
Mohnish Pabrai
Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist...
NationalityIndian
ProfessionBusinessman
Date of Birth12 June 1964
CountryIndia
past hard-times naps
I have a hard time getting past the day without the nap, so the nap is a must.
computer degrees invest saw spent tech technology time
You know, my degrees are in computer engineering. I spent a lot of time in the tech industry. And I like to say that I don't invest in tech because I spent time in it. And I saw firsthand that the durability of technology moats is many times an oxymoron.
businesses change high ideally industries investing low point problem rapid rate tech work
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
good hoping offer people
I think a lot of people are getting more serious about how to do the most good, but there is no road map. I'm hoping I can offer an example.
ideas proud fractions
We Americans love original ideas. But truly, there are already plenty of good ones out there, ours for the taking. If I were too proud to copy the ideas of others, I likely wouldnt have even a fraction of my current success.
people poverty india
People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education.
news investing problem
The good news in investing is there are no HR problems. If there are no humans, there are no problems!
years differences people
Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process.
entrepreneur risk classic
Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
running nonprofits problem
The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.
circles way should
The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.
reality thinking lunch
Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.
winning tails loses
Heads I win, tails I don’t lose much.
mistake investing traps
There is no such thing as a value trap. There are investing mistakes.