Mohnish Pabrai Understanding The Inner And Outer Scorecards

When Mohnish Pabrai met his idol, Warren Buffett, the Oracle of Omaha asked the value investor an insightful question. He asked, “would you rather be the greatest lover in the world, but known as the worst or the worst lover in the world but known as the greatest?” Pabrai revealed this statement in a Q&A session with students at the University of Oxford in October last year. Buffett’s question was designed to inspire the value investor to evaluate his inner and out scorecards, which the billionaire investor believes is vital for investment success. The Oracle believes that if an investor…