44 Quotes by Mohnish Pabrai

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.

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

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

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

Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.

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 wouldnt have even a fraction of my current success.

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

I think a lot of people are getting more serious about how to do the most good, but there is no road map. I'm hoping I can offer an example.

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