--- title: "Meaning & Key Takeaway of: The stock knows that I bought it, and it…" description: "\"The stock knows that I bought it, and it decides, 'Mohnish is done. Now let's go down.'\" — Mohnish Pabrai" image: "https://sms4smile.com/quotes/i/84b/mohnish-pabrai-17471_bought_the-stock-knows-that-i-bought-it-and-it_1123726.png" --- # The stock knows that I bought it, and it decides, 'Mohnish… ![“The stock knows that I bought it, and it decides, 'Mohnish is done. Now let's go down.'” quote by Mohnish Pabrai](https://sms4smile.com/quotes/i/84b/mohnish-pabrai-17471_bought_the-stock-knows-that-i-bought-it-and-it_1123726.png) [Download](https://sms4smile.com/quotes/i/84b/mohnish-pabrai-17471_bought_the-stock-knows-that-i-bought-it-and-it_1123726.png) [Open image](https://sms4smile.com/quotes/i/84b/mohnish-pabrai-17471_bought_the-stock-knows-that-i-bought-it-and-it_1123726.png) > “The stock knows that I bought it, and it decides, 'Mohnish is done. Now let's go down.'” [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. Markets can seem to react to perceived investor actions, creating self‑fulfilling price moves. **In simple terms:** Stocks may move down after a big purchase. Key Takeaway Watch for crowd psychology in trading. Themes psychology market dynamics self‑fulfilling prophecy Mood cautious analytical Type observational strategic When to use this quote - trading decisions - portfolio management - risk assessment Key Concepts behavioral finance price momentum Questions to Reflect On - How do you differentiate sentiment‑driven moves from fundamental shifts? - What signals indicate a true trend? A Different Perspective Market moves are also driven by fundamentals, not just sentiment. ★ ★ ★ ★ ★ No ratings yet [Bought](https://sms4smile.com/quotes/about/bought/) [Bought Decides](https://sms4smile.com/quotes/about/bought-decides-3054006/) [Customer](https://sms4smile.com/quotes/about/customer/) [Decides Mohnish](https://sms4smile.com/quotes/about/decides-mohnish-3054008/) [Done](https://sms4smile.com/quotes/about/done/) [Down](https://sms4smile.com/quotes/about/down/) [Go](https://sms4smile.com/quotes/about/go/) [Investing](https://sms4smile.com/quotes/about/investing/) [Knows](https://sms4smile.com/quotes/about/knows/) [Knows Bought](https://sms4smile.com/quotes/about/knows-bought-3054007/) [Now](https://sms4smile.com/quotes/about/now/) [Stock Knows](https://sms4smile.com/quotes/about/stock-knows-3054005/) ## Related quotes > [What I wear is a reflection of where I am going and how I am feeling. 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Avoid tuna that…](https://sms4smile.com/quotes/nobu-matsuhisa/large-fish-such-as-tuna-are-shown-already-cut-into-fillets-and-bought/) [Nobu Matsuhisa](https://sms4smile.com/quotes/author/nobu-matsuhisa/) > [But the manager's bought wisely - the players who've come in have taken us on to a different level and the players who won…](https://sms4smile.com/quotes/teddy-sheringham/but-the-manager-s-bought-wisely-the-players-who-ve-come-in-have-taken/) [Teddy Sheringham](https://sms4smile.com/quotes/author/teddy-sheringham/) > [I bought tiny infant onesies while still in college and compiled a killer toy collection throughout my 20s and 30s.](https://sms4smile.com/quotes/kara-swisher/i-bought-tiny-infant-onesies-while-still-in-college-and-compiled-a/) [Kara Swisher](https://sms4smile.com/quotes/author/kara-swisher/) > [I can't be bought. I don't need to be bought. I'm not a careerist. I don't need to have a career in politics. I'm…](https://sms4smile.com/quotes/zac-goldsmith/i-can-t-be-bought-i-don-t-need-to-be-bought-i-m-not-a-careerist-i-don/) [Zac Goldsmith](https://sms4smile.com/quotes/author/zac-goldsmith/) > [I bought cars for all six of my children](https://sms4smile.com/quotes/pete-edochie/i-bought-cars-for-all-six-of-my-children/) [Pete Edochie](https://sms4smile.com/quotes/author/pete-edochie/) > [As far as vintage Champagne goes, I loved 1990; it's a great, great vintage. I bought a lot of 1990 Blanc de Blancs Champagne…](https://sms4smile.com/quotes/robert-m-parker-jr/as-far-as-vintage-champagne-goes-i-loved-1990-it-s-a-great-great/) [Robert M. Parker, Jr](https://sms4smile.com/quotes/author/robert-m-parker-jr/) > [Well, executive producer can mean anything in the world of Hollywood, sadly. It can be a bought title in many instances.](https://sms4smile.com/quotes/andrew-stanton/well-executive-producer-can-mean-anything-in-the-world-of-hollywood/) [Andrew Stanton](https://sms4smile.com/quotes/author/andrew-stanton/) > [“For the best is only bought at the cost of great pain.”](https://sms4smile.com/quotes/colleen-mccullough/for-the-best-is-only-bought-at-the-cost-of-great-pain/) [Colleen McCullough](https://sms4smile.com/quotes/author/colleen-mccullough/) > [I've never bought this idea of taking a therapeutic distance. If I see a student or house staff cry, I take great faith in…](https://sms4smile.com/quotes/abraham-verghese/i-ve-never-bought-this-idea-of-taking-a-therapeutic-distance-if-i-see/) [Abraham Verghese](https://sms4smile.com/quotes/author/abraham-verghese/) > [Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers…](https://sms4smile.com/quotes/margaret-heffernan/companies-are-bought-for-their-revenue-customer-base-technology-or/) [Margaret Heffernan](https://sms4smile.com/quotes/author/margaret-heffernan/) > [One of the Internet's highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance…](https://sms4smile.com/quotes/alex-berenson/one-of-the-internet-s-highest-profile-companies-priceline-once/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [I once told someone I could act. They totally bought it. I've been getting away with it ever since.](https://sms4smile.com/quotes/akshay-kumar/i-once-told-someone-i-could-act-they-totally-bought-it-i-ve-been/) [Akshay Kumar](https://sms4smile.com/quotes/author/akshay-kumar/) ## More by Mohnish Pabrai > [Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. 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. 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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/) > [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. But truly, there are already plenty of good ones out there, ours for the taking. If I were too…](https://sms4smile.com/quotes/mohnish-pabrai/we-americans-love-original-ideas-but-truly-there-are-already-plenty/) [Mohnish Pabrai](https://sms4smile.com/quotes/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.](https://sms4smile.com/quotes/mohnish-pabrai/the-problem-most-nonprofits-have-is-that-they-are-run-by-romantics/) [Mohnish Pabrai](https://sms4smile.com/quotes/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…](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 Bought quotes > [I once told someone I could act. They totally bought it. I've been getting away with it ever since.](https://sms4smile.com/quotes/akshay-kumar/i-once-told-someone-i-could-act-they-totally-bought-it-i-ve-been/) [Akshay Kumar](https://sms4smile.com/quotes/author/akshay-kumar/) > [One of the Internet's highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance…](https://sms4smile.com/quotes/alex-berenson/one-of-the-internet-s-highest-profile-companies-priceline-once/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers…](https://sms4smile.com/quotes/margaret-heffernan/companies-are-bought-for-their-revenue-customer-base-technology-or/) [Margaret Heffernan](https://sms4smile.com/quotes/author/margaret-heffernan/) > [I've never bought this idea of taking a therapeutic distance. If I see a student or house staff cry, I take great faith in…](https://sms4smile.com/quotes/abraham-verghese/i-ve-never-bought-this-idea-of-taking-a-therapeutic-distance-if-i-see/) [Abraham Verghese](https://sms4smile.com/quotes/author/abraham-verghese/) > [“For the best is only bought at the cost of great pain.”](https://sms4smile.com/quotes/colleen-mccullough/for-the-best-is-only-bought-at-the-cost-of-great-pain/) [Colleen McCullough](https://sms4smile.com/quotes/author/colleen-mccullough/) > [Well, executive producer can mean anything in the world of Hollywood, sadly. It can be a bought title in many instances.](https://sms4smile.com/quotes/andrew-stanton/well-executive-producer-can-mean-anything-in-the-world-of-hollywood/) [Andrew Stanton](https://sms4smile.com/quotes/author/andrew-stanton/) > [As far as vintage Champagne goes, I loved 1990; it's a great, great vintage. I bought a lot of 1990 Blanc de Blancs Champagne…](https://sms4smile.com/quotes/robert-m-parker-jr/as-far-as-vintage-champagne-goes-i-loved-1990-it-s-a-great-great/) [Robert M. Parker, Jr](https://sms4smile.com/quotes/author/robert-m-parker-jr/) > [I bought cars for all six of my children](https://sms4smile.com/quotes/pete-edochie/i-bought-cars-for-all-six-of-my-children/) [Pete Edochie](https://sms4smile.com/quotes/author/pete-edochie/) > [I can't be bought. I don't need to be bought. I'm not a careerist. I don't need to have a career in politics. I'm…](https://sms4smile.com/quotes/zac-goldsmith/i-can-t-be-bought-i-don-t-need-to-be-bought-i-m-not-a-careerist-i-don/) [Zac Goldsmith](https://sms4smile.com/quotes/author/zac-goldsmith/) > [I bought tiny infant onesies while still in college and compiled a killer toy collection throughout my 20s and 30s.](https://sms4smile.com/quotes/kara-swisher/i-bought-tiny-infant-onesies-while-still-in-college-and-compiled-a/) [Kara Swisher](https://sms4smile.com/quotes/author/kara-swisher/) > [But the manager's bought wisely - the players who've come in have taken us on to a different level and the players who won…](https://sms4smile.com/quotes/teddy-sheringham/but-the-manager-s-bought-wisely-the-players-who-ve-come-in-have-taken/) [Teddy Sheringham](https://sms4smile.com/quotes/author/teddy-sheringham/) > [Large fish such as tuna are shown already cut into fillets and bought by the block. Fillets should be almost transparent. Avoid tuna that…](https://sms4smile.com/quotes/nobu-matsuhisa/large-fish-such-as-tuna-are-shown-already-cut-into-fillets-and-bought/) [Nobu Matsuhisa](https://sms4smile.com/quotes/author/nobu-matsuhisa/) > [I started collecting couture when I was about 10 or 11 years old, and the very first piece I bought was a Balenciaga suit from 1962.](https://sms4smile.com/quotes/hamish-bowles/i-started-collecting-couture-when-i-was-about-10-or-11-years-old-and/) [Hamish Bowles](https://sms4smile.com/quotes/author/hamish-bowles/) > [Nothing costs so much as what is bought by prayers.](https://sms4smile.com/quotes/seneca-the-younger/nothing-costs-so-much-as-what-is-bought-by-prayers/) [Seneca the Younger](https://sms4smile.com/quotes/author/seneca-the-younger/) > [I have a few pieces that I got for my birthdays or that I bought for myself: I acquire things that speak to me…](https://sms4smile.com/quotes/dasha-zhukova/i-have-a-few-pieces-that-i-got-for-my-birthdays-or-that-i-bought-for/) [Dasha Zhukova](https://sms4smile.com/quotes/author/dasha-zhukova/) [Browse all 549 Bought quotes ](https://sms4smile.com/quotes/about/bought/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The stock knows that I bought it, and it decides, 'Mohnish is done. 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