Heads, I win; tails, I don't lose much.

Mohnish Pabrai

Investors

Mohnish Pabrai

Born in 1964 in Mumbai, Mohnish Pabrai used the proceeds from selling his IT company to establish Pabrai Investment Funds. A faithful practitioner of Buffett and Munger's philosophy, he systematized the principle of 'low risk, high return' in his book The Dhandho Investor. He occupies a unique position as both practitioner and evangelist within the value-investing community.

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Source: The Dhandho Investor: The Low-Risk Value Method to High ReturnsVerified

Mohnish Pabrai's Other Quotes

Invest in existing businesses. Invest in simple businesses. Invest in distressed businesses in distressed industries.

Cloning is a very good way to invest. If you can identify what the best investors in the world are buying, you can learn a lot.

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In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

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You can't predict. You can prepare.

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The most important thing is being attentive to cycles.

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The markets teach you humility every single day.

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It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

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I'm only rich because I know when I'm wrong.

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