Mohnish Pabrai On The Power Of Saying ‘No’

Saying "no" to both stocks and invitations is one of the most important lessons investors should learn according to Mohnish Pabrai.

Pabrai made this statement as part of a webcast Q&A session with students at the London Business School in mid-June. Answering a student who asked him how he structured his day, Pabrai responded by saying that the structure of his day is entirely "opportunistic," and there is "no game plan."

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Mohnish Pabrai: Have a clear calendar

"One of the things I copied from Warren Buffett," Pabrai explains, "is...