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Mohnish Pabrai Quotes

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 hoping I can offer an example Picture Quote #1

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 Picture Quote #1

$We Americans love original ideas. But truly, there are already plenty of good ones out there, ours for the taking. If I were too proud to copy the ideas of others, I likely wouldnt have even a fraction of my current success Picture Quote #1$

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 Picture Quote #1

The good news in investing is there are no HR problems. If there are no humans, there are no problems! Picture Quote #1

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 Picture Quote #1

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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 with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change Picture Quote #1

You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting Picture Quote #1

You know, my degrees are in computer engineering. I spent a lot of time in the tech industry. And I like to say that I don’t invest in tech because I spent time in it. And I saw firsthand that the durability of technology moats is many times an oxymoron Picture Quote #1

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 hoping I can offer an example Picture Quote #1

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 Picture Quote #1

You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting Picture Quote #1

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Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That’s the classic great entrepreneur Picture Quote #1

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 Picture Quote #1

I have a hard time getting past the day without the nap, so the nap is a must Picture Quote #1

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Text Quotes

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 hoping I can offer an example (Mohnish Pabrai Quotes) 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 (Mohnish Pabrai Quotes) 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 (Mohnish Pabrai Quotes) 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 (Mohnish Pabrai Quotes) The good news in investing is there are no HR problems. If there are no humans, there are no problems! (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 more firmly seared in when they are your own. (Mohnish Pabrai Quotes) 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 with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change. (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. (Mohnish Pabrai Quotes) You know, my degrees are in computer engineering. I spent a lot of time in the tech industry. And I like to say that I don’t invest in tech because I spent time in it. And I saw firsthand that the durability of technology moats is many times an oxymoron. (Mohnish Pabrai Quotes) 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 hoping I can offer an example. (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 more firmly seared in when they are your own (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 (Mohnish Pabrai Quotes) Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That’s the classic great entrepreneur (Mohnish Pabrai Quotes) 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 (Mohnish Pabrai Quotes) I have a hard time getting past the day without the nap, so the nap is a must (Mohnish Pabrai Quotes)