The good news in investing is there are no HR problems. If there are no humans, there are no problems! Mohnish Pabrai More Quotes by Mohnish Pabrai More Quotes From Mohnish Pabrai You know, my degrees are in computer engineering. I spent a lot of time in the tech industry. And I like to say that I don't invest in tech because I spent time in it. And I saw firsthand that the durability of technology moats is many times an oxymoron. Mohnish Pabrai know you technology time Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change. Mohnish Pabrai view you change work To the extent societal rules or the wiring of your brains make it easy to acquire a lot of assets, then to the extent you can, you should try to improve the world. Mohnish Pabrai rules you easy world The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch. Mohnish Pabrai value single waiting patience Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them. Mohnish Pabrai own me investment my-own I used to not talk much to anyone about my investments. Mohnish Pabrai much about talk used It is the performance of the business that matters. It is hard enough to figure out the future of the business. Do not try to figure out the future of the country or the world; focus on the business. Mohnish Pabrai future focus business world The good thing about getting wealthy is we don't need to understand a lot of things! Mohnish Pabrai need things good understand
