--- title: "Meaning & Key Takeaway of: If Warren Buffett could change his mind…" description: "\"If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has mod..." image: "https://sms4smile.com/quotes/i/dd5/kelly-evans-21223_career_if-warren-buffett-could-change-his-mind_484013.jpg" --- # If Warren Buffett could change his mind about investing in… ![“If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly…” quote by Kelly Evans](https://sms4smile.com/quotes/i/dd5/kelly-evans-21223_career_if-warren-buffett-could-change-his-mind_484013.jpg) [Download](https://sms4smile.com/quotes/i/dd5/kelly-evans-21223_career_if-warren-buffett-could-change-his-mind_484013.jpg) [Open image](https://sms4smile.com/quotes/i/dd5/kelly-evans-21223_career_if-warren-buffett-could-change-his-mind_484013.jpg) > “If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.” [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors often mirror the convictions of their mentors, leading to similar sector bets. **In simple terms:** Investors copy mentors' ideas. Key Takeaway Consider the influence of role models on your choices. Themes investment influence sector bias Mood cautious analytical Type advice observational When to use this quote - stock picking - career decisions - mentor relationships Key Concepts behavioral finance portfolio concentration Questions to Reflect On - How do you evaluate independent research? - Are you overly influenced by a single figure? A Different Perspective Mimicking mentors can limit diversification. ★ ★ ★ ★ ★ No ratings yet [Buffett Change](https://sms4smile.com/quotes/about/buffett-change-4155504/) [Career](https://sms4smile.com/quotes/about/career/) [Change](https://sms4smile.com/quotes/about/change/) [Customer](https://sms4smile.com/quotes/about/customer/) [General motors](https://sms4smile.com/quotes/about/general-motors/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investing Airlines](https://sms4smile.com/quotes/about/investing-airlines-4155505/) [Investing Autos](https://sms4smile.com/quotes/about/investing-autos-4155506/) [Investment](https://sms4smile.com/quotes/about/investment/) [Mind](https://sms4smile.com/quotes/about/mind/) [Psychology](https://sms4smile.com/quotes/about/psychology/) [Structure Buffett](https://sms4smile.com/quotes/about/structure-buffett-4155507/) [Warren buffett](https://sms4smile.com/quotes/about/warren-buffett/) [Who](https://sms4smile.com/quotes/about/who/) ## Related quotes > [CEOs are also chief capital allocators. This is a point Warren Buffett has repeatedly made: that the role management plays in allocating capital across…](https://sms4smile.com/quotes/kelly-evans/ceos-are-also-chief-capital-allocators-this-is-a-point-warren-buffett/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Price is what you pay, but value, as Warren Buffett has observed, is what you get.](https://sms4smile.com/quotes/kelly-evans/price-is-what-you-pay-but-value-as-warren-buffett-has-observed-is/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [“You must really want to win with all of your heart! Plan your race; do not ever get side tracked. Focus on your goal…](https://sms4smile.com/quotes/lucas-remmerswaal/you-must-really-want-to-win-with-all-of-your-heart-plan-your-race-do/) [Lucas Remmerswaal](https://sms4smile.com/quotes/author/lucas-remmerswaal/) > [“Until the tide goes out you don’t know who’s swimming naked. —WARREN BUFFETT”](https://sms4smile.com/quotes/gordon-g-chang/until-the-tide-goes-out-you-don-t-know-who-s-swimming-naked-warren/) [Gordon G. Chang](https://sms4smile.com/quotes/author/gordon-g-chang/) > [“I preferred Warren Buffett’s definition: “It’s like most trends—at the beginning it’s driven by fundamentals; in the end, by speculation. It’s just like the…](https://sms4smile.com/quotes/danielle-dimartino-booth/i-preferred-warren-buffett-s-definition-it-s-like-most-trends-at-the/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made…](https://sms4smile.com/quotes/mohnish-pabrai/before-starting-my-own-investment-funds-the-only-models-i-was-aware/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [Warren Buffett pays taxes on a smaller percentage of his billions in income than his cleaning lady.](https://sms4smile.com/quotes/eric-alterman/warren-buffett-pays-taxes-on-a-smaller-percentage-of-his-billions-in/) [Eric Alterman](https://sms4smile.com/quotes/author/eric-alterman/) > [“Warren Buffett advised that before you take any morally questionable action, you should ask yourself if you would want your mother to read about…](https://sms4smile.com/quotes/marshall-goldsmith/warren-buffett-advised-that-before-you-take-any-morally-questionable/) [Marshall Goldsmith](https://sms4smile.com/quotes/author/marshall-goldsmith/) > [At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but,…](https://sms4smile.com/quotes/michael-burry/at-one-point-i-recognized-that-warren-buffett-though-he-had-every/) [Michael Burry](https://sms4smile.com/quotes/author/michael-burry/) > [“The last four and a half years have been carefree, halcyon times for investors. That doesn’t mean it’ll stay that way. I’ll give Warren…](https://sms4smile.com/quotes/howard-marks/the-last-four-and-a-half-years-have-been-carefree-halcyon-times-for/) [Howard Marks](https://sms4smile.com/quotes/author/howard-marks/) > [“A good managerial record is more a function of which boat you get into rather than how effectively you row"1 Warren Buffett”](https://sms4smile.com/quotes/michael-l-george/a-good-managerial-record-is-more-a-function-of-which-boat-you-get/) [Michael L. George](https://sms4smile.com/quotes/author/michael-l-george/) > [Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-look-at-anyone-who-has-achieved-great-success-and-wealth/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [All capitalists should be like Warren Buffett, and he says he should be taxed more.](https://sms4smile.com/quotes/ed-asner/all-capitalists-should-be-like-warren-buffett-and-he-says-he-should/) [Ed Asner](https://sms4smile.com/quotes/author/ed-asner/) > [I admire people like Warren Buffett that are donating so much money to charity.](https://sms4smile.com/quotes/bethenny-frankel/i-admire-people-like-warren-buffett-that-are-donating-so-much-money/) [Bethenny Frankel](https://sms4smile.com/quotes/author/bethenny-frankel/) ## More by Kelly Evans > [There is surprisingly low penetration still of synthetic rubber gloves in the medical field. People are allergic to natural rubber, but the industry has…](https://sms4smile.com/quotes/kelly-evans/there-is-surprisingly-low-penetration-still-of-synthetic-rubber/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Typically in a panic, corporate bonds sell off as investors fear weaker growth, tighter financial conditions, or need liquidity.](https://sms4smile.com/quotes/kelly-evans/typically-in-a-panic-corporate-bonds-sell-off-as-investors-fear/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [In his new autobiography, 'Capital Gaines,' Chip talks about the farm work - and he says he does, in fact, do it himself.](https://sms4smile.com/quotes/kelly-evans/in-his-new-autobiography-capital-gaines-chip-talks-about-the-farm/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [A 'reptilian revolution' has the potential to reshape manufacturing. The 'snakebots' being developed at Carnegie Mellon University aren't just useful for surgical or search-and-rescue…](https://sms4smile.com/quotes/kelly-evans/a-reptilian-revolution-has-the-potential-to-reshape-manufacturing-the/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Betting that markets will be 'volatile' is like betting the weather will be partly cloudy. It's a smart-sounding strategy that doesn't mean much.](https://sms4smile.com/quotes/kelly-evans/betting-that-markets-will-be-volatile-is-like-betting-the-weather/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [I had been one of the earliest social media adopters, driven by a mix of curiosity and enthusiasm for the way in which it…](https://sms4smile.com/quotes/kelly-evans/i-had-been-one-of-the-earliest-social-media-adopters-driven-by-a-mix/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Britain's FTSE 100 stock index has not just recovered from its post-vote low close below 6,000. It has surged to close at nearly 6,600.…](https://sms4smile.com/quotes/kelly-evans/britain-s-ftse-100-stock-index-has-not-just-recovered-from-its-post/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [China has been on a historic commodities binge as it doubled the size of its economy in recent years to become one of the…](https://sms4smile.com/quotes/kelly-evans/china-has-been-on-a-historic-commodities-binge-as-it-doubled-the-size/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [The Bank of England's Carney is worried the shock of Britain's vote to leave the E.U. could cause households and businesses to temporarily halt…](https://sms4smile.com/quotes/kelly-evans/the-bank-of-england-s-carney-is-worried-the-shock-of-britain-s-vote/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Twitter was actually the holdout in what has turned out to be my total purge of social media.](https://sms4smile.com/quotes/kelly-evans/twitter-was-actually-the-holdout-in-what-has-turned-out-to-be-my/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Too often, the public can fall into the trap of investing when stock prices are rising, not dropping.](https://sms4smile.com/quotes/kelly-evans/too-often-the-public-can-fall-into-the-trap-of-investing-when-stock/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [I shut down social media because I needed to shut out online distractions and engage with the people, issues, and work right in front…](https://sms4smile.com/quotes/kelly-evans/i-shut-down-social-media-because-i-needed-to-shut-out-online/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [The 'snakebot', which is a type of mechanized, biologically inspired robot, itself has roots in Japanese laboratories of the 1970s. What the team at…](https://sms4smile.com/quotes/kelly-evans/the-snakebot-which-is-a-type-of-mechanized-biologically-inspired/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Listen to market strategists, and a word that comes up a lot these days is 'volatility.'](https://sms4smile.com/quotes/kelly-evans/listen-to-market-strategists-and-a-word-that-comes-up-a-lot-these/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) > [Strong credit markets give companies borrowing options to boost their stock prices while making bearish investors scramble to close out trades before losing any…](https://sms4smile.com/quotes/kelly-evans/strong-credit-markets-give-companies-borrowing-options-to-boost-their/) [Kelly Evans](https://sms4smile.com/quotes/author/kelly-evans/) [Explore all 29 Kelly Evans quotes ](https://sms4smile.com/quotes/author/kelly-evans/) ## More Career quotes > [“Don’t allow anyone to pressure you into taking a job in a field that doesn’t feel right in your gut. You are the one…](https://sms4smile.com/quotes/alison-james/don-t-allow-anyone-to-pressure-you-into-taking-a-job-in-a-field-that/) [Alison James](https://sms4smile.com/quotes/author/alison-james/) > [In every province, the chief occupations, in order of importance, are lovemaking, malicious gossip, and talking nonsense.](https://sms4smile.com/quotes/voltaire/in-every-province-the-chief-occupations-in-order-of-importance-are/) [Voltaire](https://sms4smile.com/quotes/author/voltaire/) > [I think I've had the longest career of strength, focus, and still being able to sell records. I think I'm that guy. I'm still…](https://sms4smile.com/quotes/nas/i-think-i-ve-had-the-longest-career-of-strength-focus-and-still-being/) [Nas](https://sms4smile.com/quotes/author/nas/) > [One needs more than ambition and talent to make a success of anything, really. There must be love and a vocation.](https://sms4smile.com/quotes/jessye-norman/one-needs-more-than-ambition-and-talent-to-make-a-success-of-anything/) [Jessye Norman](https://sms4smile.com/quotes/author/jessye-norman/) > [There are so many things you can do with your life, you can go to school and study toward your career, you can become…](https://sms4smile.com/quotes/simphiwe-scientist-dumi/there-are-so-many-things-you-can-do-with-your-life-you-can-go-to/) [Simphiwe Scientist Dumi](https://sms4smile.com/quotes/author/simphiwe-scientist-dumi/) > [I always knew I wanted to have a good career, so I made it happen.](https://sms4smile.com/quotes/chord-overstreet/i-always-knew-i-wanted-to-have-a-good-career-so-i-made-it-happen/) [Chord Overstreet](https://sms4smile.com/quotes/author/chord-overstreet/) > [I am a very big fan of Brian Eno, of his work as an artist and making his music, and as a producer. In…](https://sms4smile.com/quotes/rostam-batmanglij/i-am-a-very-big-fan-of-brian-eno-of-his-work-as-an-artist-and-making/) [Rostam Batmanglij](https://sms4smile.com/quotes/author/rostam-batmanglij/) > [If I can beat a proven champion like Canelo, that will take my career to a different level.](https://sms4smile.com/quotes/gennady-golovkin/if-i-can-beat-a-proven-champion-like-canelo-that-will-take-my-career/) [Gennady Golovkin](https://sms4smile.com/quotes/author/gennady-golovkin/) > [My non-career. My excuse for a career? Honestly, I never think about the word 'career.' I've had managers, the minute they say it to…](https://sms4smile.com/quotes/tom-verlaine/my-non-career-my-excuse-for-a-career-honestly-i-never-think-about-the/) [Tom Verlaine](https://sms4smile.com/quotes/author/tom-verlaine/) > [“The vocation of a man lies in his vision.”](https://sms4smile.com/quotes/lailah-gifty-akita/the-vocation-of-a-man-lies-in-his-vision/) [Lailah Gifty Akita](https://sms4smile.com/quotes/author/lailah-gifty-akita/) > [I started off as a model maker, so the first part of my career was a model maker and then a motion control camera…](https://sms4smile.com/quotes/john-knoll/i-started-off-as-a-model-maker-so-the-first-part-of-my-career-was-a/) [John Knoll](https://sms4smile.com/quotes/author/john-knoll/) > [Growing up I did commercials and things like that, but nothing serious. As I got older, my family is really hardcore into academics. 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