The One Percent Show with Vishal Khandelwal Ep. 4 - Mohnish Pabrai on Reinventing Yourself
Jul 23, 2021
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Go Deep When Curiosity Strikes
- When something grabs your interest, dive deep rather than skim superficially.
- Being inch-wide and mile-deep beats being mile-wide and inch-deep for mastery.
From Compounders To Graham And Back
- Pabrai shifted from investing in good businesses to Graham-style deep value when the dot-com bubble peaked.
- He later missed an earlier switch back to compounders but blends both approaches today.
Use An Inner Scorecard
- Ignore the narrow craziness and focus on businesses that fit your criteria.
- Use an inner scorecard and avoid popularity contests to preserve investment sanity.