25 Wise Mohnish Pabrai Quotes (INVESTING)

Top 10 Most Famous Mohnish Pabrai Quotes (BEST)

“Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people’s failures, but it gets much more firmly seared in when they are your own.”
Mohnish Pabrai

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch. — The single biggest advantage a value investor has is not IQ. It’s **patience** and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand. — The only way one should buy stocks is if you understand the underlying **business**. You stay within the circle of **competence**. You buy businesses you understand.

The good news in investing is there are no HR problems. If there are no humans, there are no problems!

Life is a journey and the journey is the destination. — **Life** is a journey and the journey is the destination.

“We Americans love original ideas. But truly, there are already plenty of good ones out there, ours for the taking. If I were too proud to copy the ideas of others, I likely wouldn’t have even a fraction of my current success.”
Mohnish Pabrai

You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting. — You don’t make **money** when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.

Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur. — **Entrepreneurs** are great at dealing with uncertainty and also very good at minimizing risk. That’s the classic great entrepreneur.

There is no such thing as a value trap. There are investing mistakes.

Minimizing downside risk while maximizing the upside is a powerful concept.

10 Mohnish Pabrai Quotes on Success

“One of the first things I tell people is, if you want to learn about investing, you want to open an account and make real investments because that’s when it becomes real.”
Mohnish Pabrai

I have a hard time getting past the day without the nap, so the nap is a must. — I have a hard **time** getting past the day without the nap, so the nap is a must.

The good thing about getting wealthy is we don't need to understand a lot of things! — The good thing about getting **wealthy** is we don’t need to understand a lot of things!

The driver for me is not to get wealthy, the driver is to win the game. — The driver for me is not to getwealthy, the driver is to win the game.

“What I learned a long time back is, keep observing the world inside and outside your industry, and when you see someone doing something smart, force yourself to adopt it.”
Mohnish Pabrai

I did the best and I am the best because I played the game by the rules, fair and square, and I won.

You've got to go ten thousand percent or not at all. — You’ve got to go ten thousand percent or not at all.

“I want to play games that I know I can win. So how do you win the game? You’ve to play according to the rules. And the good news is, I’m playing against players who don’t even f**king know the rules.”
Mohnish Pabrai

5 WiseMohnish Pabrai Quotes that will Make You Think

“Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.”
Mohnish Pabrai

People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education. — People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of **education**.

The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.

I'm a shameless copycat. Everything in my life is cloned... I have no original ideas. — I’m a shameless copycat. Everything in my life is cloned… I have no original ideas.

“It is the performance of the business that matters. It is hard enough to figure out the future of the business. Do not try to figure out the future of the country or the world; focus on the business.”
Mohnish Pabrai