Mohnish Pabrai: Zeroes Happen: The Surprisingly Forgiving Math of Successful Investing

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In this Q&A session with Oxford University, Mohnish Pabrai discusses the forgiving nature of the investment business despite frequent mistakes. His key points include: High Error Rates: Even the best investors are wrong often Asymmetrical Rewards: One home run success can outweigh many smaller failures Acceptable Error Margin: Mistakes like … Read More

Mohnish Pabrai: From Furniture to Finance: How Buffett’s Insights Led to Billion-Dollar Wins

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In this interview with Guy Spier, Mohnish Pabrai talks about the importance of developing unique insights in investing to gain an edge. He uses Warren Buffett’s investments as examples, highlighting how Buffett’s deep understanding of businesses like furniture (through Nebraska Furniture Mart) and candy (Sees Candy) led him to successful … Read More

Mohnish Pabrai: The Peoria Portfolio: Unpacking Munger’s High-Quality, Low-Stock Strategy

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During his Q&A session at Clemson University, Mohnish Pabrai discussed his approach to diversification which contrasts with the traditional view that spreading investments across a variety of assets reduces risk. Pabrai argues that diversification can be overrated, and that owning a few high-quality businesses can provide sufficient protection against market … Read More

Mohnish Pabrai: Quality Over Quantity: A Counterintuitive Guide to Diversification

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In this interview with The Value Perspective, Mohnish Pabrai explains why investors shouldn’t blindly chase diversification. They should focus on understanding a few companies well instead of spreading themselves thin across many that they don’t fully understand. True risk reduction comes from deep knowledge within your “circle of competence”. Key … Read More

Mohnish Pabrai: The Power of Holding Great Businesses: Lessons from Ben Graham and Geico

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During his recent interview with The Value Perspective, Mohnish Pabrai argues that long-term wealth creation requires holding onto great businesses beyond the point at which they have reached their intrinsic value. He cites Ben Graham’s example of Geico, which Graham owned for many decades and which significantly outperformed the S&P. … Read More

Mohnish Pabrai: The Power of High Conviction Bets

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In this interview with Meb Faber, Mohnish Pabrai discussed the power of high conviction bets. Here’s an excerpt from the interview: Pabrai: Well there’s several that come to mind. The first one that comes to mind would be investing in a place like Turkey. I’ve been going there for about … Read More