Mohnish Pabrai Quotes
- 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…
- The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.
- There is no such thing as a value trap. There are investing mistakes.
- You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.
- Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
- 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…
- I have a hard time getting past the day without the nap, so the nap is a must.
- The good news in investing is there are no HR problems. If there are no humans, there are no problems!
- 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…
- 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…