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

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

-- Howard Marks

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

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

-- Mario Gabelli

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.

-- John Templeton