Learn from Mohnish Pabrai, the fund manager who turned $1m into $400m

Mohnish Pabrai shares what he learned from having lunch with Warren Buffett and Charlie Munger:

From Munger:

1. Follow other top notch investors; study what they are doing and why they are doing it.
2. Focus carefully on the cannibals, the companies aggressively buying back their own stock.
3. Pay attention to spin-offs for opportunities.

From Buffett:

1. Patience.
2. Smart investors don’t need leverage, bad investors shouldn’t use it.

Mohnish Pabrai recommends using a pre-inventment checklist:

Mohnish Pabrai sharing his value investing ideas in this 30-minute Forbes interview:

About Anne Austin

I have created this website to show you simple, proven ways to improve all aspects of your life.

I hope the practical ideas I present in Practical Savvy help you become happier and more effective in all aspects of your life.

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