Mohnish Pabrai Q&A: Investing Like An Owner And Mistakes

In May, the value investor Mohnish Pabrai took part in a Q&A session with London Business School MBA students, who quizzed the investor on many different topics, including his experience running his own business in the 1990s.

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Owning A Business And Being An Investor

Pabrai told his audience that he believed there was a lot of crossover between owning a business and being an investor. He cited a quote from Warren Buffett, who said, "talking about walking on land to a fish for 100 years is not the same as actually walking on land for five minutes." The value investor explained that...