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Mohnish Pabrai Quotes

Investor

Mohnish Pabrai is a renowned value investor, born on June 12, 1964. He is known in the investment community for his unique investment strategies and in-depth research.

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All Ifs People Investing Risk Entrepreneur Humans Loses Mistake Problem Tails

Famous Mohnish Pabrai Quotes

“You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.”

Waiting Sells Making Money

Author:Mohnish Pabrai

“Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.”

Risk Entrepreneur Very Good Uncertainty Classic Minimizing

Author:Mohnish Pabrai

“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.”

Ifs Way Should Circles Competence

Author:Mohnish Pabrai

“Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.”

Giving Sometimes Winning Loses Situation Risk Streets Wall Lows Profit Confusion Uncertainty Confused Odds Tails Coins Toss

Book:The Dhandho Investor: The Low-Risk Value Method to High Returns

Source: The Dhandho Investor: The Low-Risk Value Method to High Returns

“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.”

People Ifs Thinking Want Reality Study Risk Entrepreneur Lunch Not Interested Taking Risks Free Lunch

Author:Mohnish Pabrai

“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.”

Ifs Ideas Proud Originals Currents Plenty Copies Fractions Original Ideas

Author:Mohnish Pabrai

“I have a hard time getting past the day without the nap, so the nap is a must.”

Hard Past Hard Times Naps

Author:Mohnish Pabrai

“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.”

People Poverty India Driven Conclusion Immune Lack Of Education

Author:Mohnish Pabrai

“The good news in investing is there are no HR problems. If there are no humans, there are no problems!”

Ifs Humans Problem News Investing Good News No Problem

Author:Mohnish Pabrai

“Heads I win, tails I don’t lose much.”

Winning Loses Tails

Book:The Dhandho Investor: The Low-Risk Value Method to High Returns

Source: The Dhandho Investor: The Low-Risk Value Method to High Returns

“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.”

People World Years Humans Said Values Process Differences Brain Five Minutes Investing Five Years Five Minutes Human Brain Buffett Wiring Warren Buffet

Author:Mohnish Pabrai

“Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.”

People Doe Mistake Teacher Desirable Best Teacher

Author:Mohnish Pabrai

“The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.”

Problem Running Hanging Out Clue Nonprofits

Author:Mohnish Pabrai

“There is no such thing as a value trap. There are investing mistakes.”

Values Mistake Investing Traps

Author:Mohnish Pabrai

About the Author

Born: June 12, 1964
Known for: Investor
Quotes: 14

Books & Sources

The Dhandho Investor: The Low-Risk Value Method to High ReturnsRelated source material

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