Mohnish Pabrai
Mohnish Pabrai
Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist...
NationalityIndian
ProfessionBusinessman
Date of Birth12 June 1964
CountryIndia
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.
waiting making-money sells
You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.
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.
news investing problem
The good news in investing is there are no HR problems. If there are no humans, there are no problems!
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.
entrepreneur risk classic
Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
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.
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.