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

In prosperous times, save diligently; in downturns, invest boldly.

-- Honda Seiroku

Being too far ahead of your time is indistinguishable from being wrong.

-- Howard Marks

Value investing is at its core the marriage of a contrarian streak and a calculator.

-- Seth Klarman

We were ugly-duckling buyers from start to finish.

-- John Neff

It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their true value is recognized.

-- John Neff

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