Mohnish Pabrai's Top 10 Rules For Success

Mohnish Pabrai’s Top 10 Rules For Success

 

Published on Mar 16, 2016

He’s an Indian-American businessman, investor, and philanthropist.

He sold his company TransTech, Inc in 2000 to Kurt Salmon Associates for US$20 million.

Today he is the managing partner of the Pabrai Investment Funds.

He’s Mohnish Pabrai and here are his Top 10 Rules for Success.

* Join my BELIEVE newsletter: http://www.evancarmichael.com/newslet…

Sources:
https://youtu.be/oaL2v1nVokw
https://youtu.be/4LPCGRc1kww
https://youtu.be/E_nWM4vjgqE

1. Minimize risk
He worked with Tellabs between 1986–91.

2. Define your market
In 1991 he started his IT consulting and systems integration company, TransTech, Inc.

3. Stay within your circle of competence
He started with about $30,000 from his own 401K account and $70,000 from credit card debt.

4. Don’t sell what you wouldn’t buy
He has high regards for Warren Buffett and admits that his investment style is copied from Buffett and others.

5. Wait for the right pitch
He has written a book: The Dhandho Investor: The Low – Risk Value Method to High Returns.

6. Put yourself in their shoes
His approach to life is covered extensively in Guy Spier’s book, The Education of a Value Investor.

7. Focus on marketing
Another book by Pabrai is Mosaic: Perspectives on Investing.

8. Create a competitive advantage
He has won the 1999 KPMG Illinois High Tech Entrepreneur Award given by KPMG.

9. Have flexibility
He’s a member of the Young Presidents’ Organization.

10. Pay attention to feedback
He started the Dakshana Foundation with the goal of recycling most of their wealth back to society.

Cesar V:
Evan do you think you can do something on Monish Pabrai? Thanks a lot. I love what you do!!

Pabrai

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Welcome in the new year by signing up up for ValueWalkPremium today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 1/31/2019 or after next 30 23 subscribers take advantage whichever comes first – please do not share this discount with others

 

0