Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 14 Mohnish Pabrai quotes that I liked and saved from various books. I hope you enjoy reading them.
Mohnish Pabrai Quotes
Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The Street just hates uncertainty, and it demonstrates that hate by collapsing the quoted stock price of the underlying business.
from The Dhandho Investor book by Mohnish Pabrai
While it is always best to learn vicariously from the mistakes of others, the lessons that really stick are ones we’ve stumbled though ourselves.
from The Dhandho Investor book by Mohnish Pabrai
We cannot change the world, but we can improve this world for one person, ten people, a hundred people, and maybe even a few thousand people.
from The Dhandho Investor book by Mohnish Pabrai
Most of the top-ranked business schools around the world do not understand the fundamentals of margin of safety or Dhandho. For them, low risk and low returns go together as do high risk and high returns. Over a lifetime, we all encounter scores of low-risk, high-return bets. They exist in all facets of life. Business schools should be educating their students on how to seek out and exploit these opportunities.
from The Dhandho Investor book by Mohnish Pabrai
Innovation is a crapshoot, but investing in businesses that are simply good copycats and adopting innovations created elsewhere rules the world.
from The Dhandho Investor book by Mohnish Pabrai
Keep observing the world inside and outside your industry, and when you see someone doing something smart, force yourself to adopt it.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
The number one skill in investing is patience—extreme patience.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
We cannot see it when it is happening, but facing adversity is a blessing. It eventually leads to higher highs.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
Life is all about doubles.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
The driver for me is not to get wealthy. The driver is to win the game. It’s exactly the same driver for Warren, which is to show through the results that I did the best and I am the best because I played the game by the rules, fair and square, and I won.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
I’m a shameless copycat. Everything in my life is cloned … I have no original ideas.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
Leave the planet a better place than you found it. Do a good job with your kids. The rest of it is a game. It doesn’t matter.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
On my gravestone, I want them to write, ‘He loved to play games, especially games he knew he could win.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green
Cloning is a game. Blackjack is a game. Bridge is a game. Dakshana is a game. And, of course, the stock market is a game. It’s just a bunch of games. It’s all about the odds.
Mohnish Pabrai, from Richer, Wiser, Happier book by William Green