Summary
Mohnish Pabrai, a noted value investor and admirer of Warren Buffett, emphasizes the importance of soft skills such as humility, integrity, and candor, which are crucial for leading a great life. He subscribes to Charlie Munger’s idea of a latticework of mental models, allowing him to consider qualitative as well as quantitative aspects of a business. Pabrai’s biggest edge as a value investor is his patience and waiting for the right pitch for many years.
Highlights
- 🧑💼 Pabrai stresses the significance of soft skills, such as humility, integrity, and candor, which are crucial for leading a great life.
- 📊 He utilizes a latticework of mental models to analyze businesses in a broader context, considering qualitative as well as quantitative aspects of a business.
- ⏰ Pabrai’s biggest advantage is his patience and waiting for the right pitch for many years, as he subscribes to Charlie Munger’s idea that waiting is where the money is made in value investing.
