In his interview at the 5th European Value Investing Conference, Mohnish Pabrai championed a powerful, yet underutilized, strategy for success: shamelessly borrowing other people’s best ideas. He argues that a natural human aversion to cloning creates a significant edge for those willing to adopt it. “What I found is that … Read More
Mohnish Pabrai: The Holy Grail of Investing
Mohnish Pabrai’s investment philosophy, as presented in The Pabrai Wagons Fund Presentation, revolves around patience, concentration, and buying quality businesses at fair or discounted prices. “We believe exceptional investment performance is usually the product of only a few great investments held for a very long time.” This echoes his mentor … Read More
Book Summary – Mosaic: Perspectives on Investing by Mohnish Pabrai
Mosaic is a collection of essays and perspectives from Mohnish Pabrai, written before his more widely known The Dhandho Investor. The book captures the early evolution of his investment philosophy, blending practical lessons, case studies, and timeless insights into how he thinks about markets and business ownership. At the core … Read More
Mohnish Pabrai’s Top 5 Positions Represent 100% Of The Total Portfolio
Mohnish Pabrai’s Dalal Street, LLC runs a $271.6 million U.S. equity portfolio, with just five positions representing 100% of assets. The concentrated nature of the portfolio highlights Pabrai’s high-conviction, value-focused approach, often centered around deep-value cyclicals and special situations. Here’s Mohnish Pabrai’s top five positions: Warrior Met Coal Inc (HCC) Value: $82.48 million Shares: 1,799,745 … Read More
Mohnish Pabrai: Berkshire Is A Better Index Than The S&P
During his recent interview with SumZero, Mohnish Pabrai discussed the future of Berkshire Hathaway. When it comes to Berkshire’s future under Greg Abel, Pabrai sees no red flags — only quiet continuity. “Greg actually from a practical sense has been running Berkshire for quite some time,” he explained. “From a … Read More
Mohnish Pabrai’s Playbook: Reciprocation, Mental Models, and Circle of Competence
“I think mental models are really important. I think they give you unfair advantage in life. It’s always good to have an unfair advantage.” At the Ashoka Investment Club, Mohnish Pabrai wasted no time diving into the core of his investing philosophy. “A lot of mental models will come from … Read More
Mohnish Pabrai: How Not To Leave So Much Money On The Table
During his recent presentation at VALUExBRK 2025, Mohnish Pabrai reflected on past missteps, admitting, “Most of my investing career I had this screwed up framework.” For years, he sold too early—selling when stocks hit 90-95% of what he believed was intrinsic value. “So much money left on the table with … Read More
Mohnish Pabrai: Long Runways, Great Businesses, and Avoiding Shiny Objects
Mohnish Pabrai’s investing philosophy isn’t just about beating the market—it’s about playing the right game. In a wide-ranging conversation with TIP, Pabrai offers thoughts that blend personal growth, investment strategy, and a deep sense of purpose. It’s classic Pabrai: honest, humorous, and filled with mental models. He starts with a … Read More
Mohnish Pabrai: Play Games Where You Have an Edge
When Mohnish Pabrai sat down with The Money Mindset, he was asked how he would best describe himself, Pabrai reflected, “I had a couple of industrial psychologists do a bunch of tests on me now like maybe I think 26 years ago,” Mohnish Pabrai shared. “And their conclusion was that … Read More
Mohnish Pabrai Explains Why Most Investors Should Stick with Index Funds
If you’ve ever wondered whether you should stick with index funds or try picking a few individual stocks, Mohnish Pabrai has some thoughts—and they’re worth listening to. In his book Mosaic: Perspectives on Investing, Pabrai dives into this debate with the help of some wisdom from Warren Buffett and Charlie … Read More
Mohnish Pabrai: How To Identify Bullet-Proof Businesses
Capitalism isn’t just competitive—it’s downright ruthless. Most businesses don’t just struggle to turn a profit; they vanish entirely within a few decades. As Mohnish Pabrai explained in this interview, “Most businesses are not going to be around… forget even making a lot of money or not making money—they’re not even … Read More
Mohnish Pabrai: Never Sell A Great Business Because It Looks Expensive
In a recent interview with Capital Compounders, investor Mohnish Pabrai shares hard-earned wisdom about recognizing and holding onto great businesses—especially compounders. He emphasizes that true understanding of a company often comes after buying it: “You really only truly understand a business after you own it.” While some businesses like Google … Read More
Mohnish Pabrai: Buffett’s Geiger Counter Approach
An often-overlooked aspect of Warren Buffett’s investment philosophy is his ability to pivot when opportunities arise outside the mainstream equity markets. This flexibility is what Mohnish Pabrai calls Buffett’s “Geiger counter approach” in his book – Mosaic: Perspectives on Investing. The Geiger counter metaphor suggests an investor constantly scanning for … Read More
Mohnish Pabrai: The Power of Unpopular Investments
Investing is often thought of as a numbers game, ruled by ratios, charts, and forecasts. But in reality, the best opportunities often come from a place of discomfort—looking where others refuse to. As Mohnish Pabrai put it in his interview with the CFA in the U.K, “A good way to … Read More
Mohnish Pabrai: How to Spot a True ‘Cannibal’ Stock
I’ve just finished watching Mohnish Pabrai in his recent interview with the Capital Compounders Show in which he shared a fascinating insight on share buybacks. His discussion on “cannibals”—companies that aggressively buy back their own stock—provides a powerful mental model for investors looking to maximize long-term wealth accumulation. “I think … Read More
Mohnish Pabrai: Investing With Certainty
When it comes to investing, there’s one fundamental truth: the less certainty you have about future cash flows, the more speculative your investment becomes. Mohnish Pabrai, in his November 2024 guest lecture at Microsoft, put it bluntly: “So investing becomes more and more speculative and away from what we would … Read More
Mohnish Pabrai – Top 10 Holdings – Highly Concentrated In The Coal Sector
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Mohnish Pabrai: Let Your Portfolio Naturally Skew into Larger Positions
If you’re like me, one of the things I spend a lot of time thinking about is how many stocks to hold and how big my positions should be. That’s why I found this interview with Mohnish Pabrai on MOI Global particularly interesting. Instead of diversifying widely across companies, Pabrai … Read More
Why Mohnish Pabrai Puts Nvidia, Tesla & Palantir in the “Too Hard” Pile
Investing is often shrouded in complexity, with analysts and retail investors alike trying to predict the future of companies like Nvidia, Tesla, and Palantir. But according to legendary value investor Mohnish Pabrai, most of these stocks belong in what Warren Buffett calls the “too hard” pile—a concept that could save … Read More
Mohnish Pabrai: The Power of Patience & Simplicity In Investing
During his interview with the Cambridge Investment Banking Society (CIBS) at the University of Cambridge, Mohnish Pabrai shared key insights into the power of patience and simplicity in investing. Investing is often thought of as a complex, high-stakes game requiring intricate calculations and deep financial knowledge. But in reality, as … Read More