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    mohnish pabrai Quotes

    The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.
    — Mohnish Pabrai
    tags: problem  romantic 
     
    Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.
    — Mohnish Pabrai
    tags: risk  entrepreneur 
     
    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
    I have a hard time getting past the day without the nap, so the nap is a must.
    — Mohnish Pabrai
    tags: time  past 
     
    The good news in investing is there are no HR problems. If there are no humans, there are no problems!
    — Mohnish Pabrai
    tags: problem 
     
    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
    There is no such thing as a value trap. There are investing mistakes.
    — Mohnish Pabrai
    tags: mistakes  value 
     
    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
    tags: success  ideas  american 
     
    Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process.
    — Mohnish Pabrai
    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
    tags: business  stock 
     
    Heads I win, tails I don't lose much.
    — 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 most sought after coin-toss odds. Heads, I win; tails, I don't lose much.
    — Mohnish Pabrai
    tags: risk  confusion 
     
    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
    tags: money  sell  stock 
     
    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
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