--- title: "Meaning & Key Takeaway of: Before starting my own investment funds…" description: "\"Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sen..." image: "https://sms4smile.com/quotes/i/082/mohnish-pabrai-17471_aware_before-starting-my-own-investment-funds_411365.jpg" --- # Before starting my own investment funds, the only models I… ![“Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them.” quote by Mohnish Pabrai](https://sms4smile.com/quotes/i/082/mohnish-pabrai-17471_aware_before-starting-my-own-investment-funds_411365.jpg) [Download](https://sms4smile.com/quotes/i/082/mohnish-pabrai-17471_aware_before-starting-my-own-investment-funds_411365.jpg) [Open image](https://sms4smile.com/quotes/i/082/mohnish-pabrai-17471_aware_before-starting-my-own-investment-funds_411365.jpg) > “Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them.” [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker relied solely on Buffett and Munger's investment approaches before creating his own fund, highlighting early dependence on established mentors. **In simple terms:** He copied famous investors' methods before starting his fund. Key Takeaway Consider developing your own strategy. Themes investment learning mentorship Mood reflective analytical Type advice personal development When to use this quote - starting a fund - learning from mentors - building a portfolio - adapting strategies Key Concepts value investing model copying personal finance Questions to Reflect On - How can you blend proven models with your own insights? - What risks arise from copying without understanding? A Different Perspective Relying only on others may limit originality and adaptability. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) ## Related quotes > [China has created very good investment tools, including an entire network of very large funds. The Russian Private Investment Fund works with some of…](https://sms4smile.com/quotes/vladimir-putin/china-has-created-very-good-investment-tools-including-an-entire/) [Vladimir Putin](https://sms4smile.com/quotes/author/vladimir-putin/) > [Who uses funds more productively - private citizens or the government? 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That's the classic great entrepreneur.](https://sms4smile.com/quotes/mohnish-pabrai/entrepreneurs-are-great-at-dealing-with-uncertainty-and-also-very/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is…](https://sms4smile.com/quotes/mohnish-pabrai/the-essence-of-a-good-investment-manager-is-one-who-studies-a-given/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [“Einstein also recognized the power of simplicity, and it was the key to his breakthroughs in physics. He noted that the five ascending levels…](https://sms4smile.com/quotes/mohnish-pabrai/einstein-also-recognized-the-power-of-simplicity-and-it-was-the-key/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many…](https://sms4smile.com/quotes/mohnish-pabrai/the-single-biggest-advantage-a-value-investor-has-is-not-iq-it-s/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [One of the first things I tell people is, if you want to learn about investing, you want to open an account and make…](https://sms4smile.com/quotes/mohnish-pabrai/one-of-the-first-things-i-tell-people-is-if-you-want-to-learn-about/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [To the extent societal rules or the wiring of your brains make it easy to acquire a lot of assets, then to the extent…](https://sms4smile.com/quotes/mohnish-pabrai/to-the-extent-societal-rules-or-the-wiring-of-your-brains-make-it/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [I have a hard time getting past the day without the nap, so the nap is a must.](https://sms4smile.com/quotes/mohnish-pabrai/i-have-a-hard-time-getting-past-the-day-without-the-nap-so-the-nap-is/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [We Americans love original ideas. 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It is desirable to learn vicariously from other people's failures, but it gets…](https://sms4smile.com/quotes/mohnish-pabrai/mistakes-are-the-best-teachers-one-does-not-learn-from-success-it-is/) [Mohnish Pabrai](https://sms4smile.com/quotes/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… ](https://sms4smile.com/quotes/mohnish-pabrai/wall-street-sometimes-gets-confused-between-risk-and-uncertainty-and/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [I own a company called Rain Industries.](https://sms4smile.com/quotes/mohnish-pabrai/i-own-a-company-called-rain-industries/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [The government has to be flexible in Air India sale price, structure, and employee management plan.](https://sms4smile.com/quotes/mohnish-pabrai/the-government-has-to-be-flexible-in-air-india-sale-price-structure/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [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…](https://sms4smile.com/quotes/mohnish-pabrai/i-think-a-lot-of-people-are-getting-more-serious-about-how-to-do-the/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) [Explore all 37 Mohnish Pabrai quotes ](https://sms4smile.com/quotes/author/mohnish-pabrai/) ## More Aware quotes > [I actually think acting is a form of self-hypnosis. You have to be hyper, hyper aware of what's going on around you. You have…](https://sms4smile.com/quotes/julianne-moore/i-actually-think-acting-is-a-form-of-self-hypnosis-you-have-to-be/) [Julianne Moore](https://sms4smile.com/quotes/author/julianne-moore/) > [I am an aware citizen, so I want my characters to be aware, too. 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She's more aware. It's like you carry a frequency she can tune into.”](https://sms4smile.com/quotes/jennifer-laurens/whenever-you-re-around-her-she-s-calm-she-s-more-aware-it-s-like-you/) [Jennifer Laurens](https://sms4smile.com/quotes/author/jennifer-laurens/) > [I thought being in the wheelchair might be kind of limiting for me as an actor. It turned out cool in a lot of…](https://sms4smile.com/quotes/jim-beaver/i-thought-being-in-the-wheelchair-might-be-kind-of-limiting-for-me-as/) [Jim Beaver](https://sms4smile.com/quotes/author/jim-beaver/) > [As all of us are only too aware, the loud and frantic voices of the outer world easily drown out the small, still loving…](https://sms4smile.com/quotes/marianne-williamson/as-all-of-us-are-only-too-aware-the-loud-and-frantic-voices-of-the/) [Marianne Williamson](https://sms4smile.com/quotes/author/marianne-williamson/) > [I'd just like to see athletes awake. And aware. There's so much going on and so much to know... 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