Hello. Here is a list of 9 quotes that I liked and saved while reading The Dhandho Investor book by Mohnish Pabrai. I hope you will like them too. By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
The Dhandho Investor Quotes
- Investing is just like gambling. It’s all about the odds. Looking out for mispriced betting opportunities and betting heavily when the odds are overwhelmingly in your favor is the ticket to wealth. – Quote 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. – Quote from The Dhandho Investor book by Mohnish Pabrai
- 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. – Quote 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. – Quote from The Dhandho Investor book by Mohnish Pabrai
- Having a moat that your competitors can see in broad daylight but never ever cross is just fantastic – and a rarity. – Quote from The Dhandho Investor book by Mohnish Pabrai
- In seeking to make investments in the public equity markets, ignore the innovators. Always seek out businesses run by people who have demonstrated their ability to repeatedly lift and scale. It is the Dhandho way. – Quote from The Dhandho Investor book by Mohnish Pabrai
- The key to being a successful investor is to buy assets consistently below what they are worth and to fixate on absolutely minimizing permanent realized losses. – Quote 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. – Quote 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. – Quote from The Dhandho Investor book by Mohnish Pabrai