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

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

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

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.

Related Quotes

Make every detail perfect and limit the number of details to perfect.

-- Jack Dorsey

We just wanted to build a search engine that worked.

-- Sergey Brin

The key to investing is figuring out what something is worth and paying less for it.

-- Mario Gabelli

Buying good companies at bargain prices is the secret to making a lot of money.

-- Joel Greenblatt

You don't get rewarded for taking risk; you get rewarded for buying cheap assets.

-- Jeremy Grantham

The stock market is the only business I know that when things go on sale, the customers run out of the store.

-- Leon G. Cooperman