Investor Mohnish Pabrai explains why he adopted Warren Buffett's concentrated value investing framework instead of mainstream mutual fund diversification practices.
“I think that if someone followed Buffett's approach to investing, they would do better than the 98%.”
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More from Mohnish Pabrai
Insight
Pabrai: Real entrepreneurs minimize risk rather than take it
“Entrepreneurs do not take risk. They do everything in their power to minimize risk.”
Mohnish PabraiJun 15, 2026▶ 3:47Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
Insight
Pabrai: Products you already pay for represent great business models to clone
“It is very difficult for any company to get even one dollar from you. Very difficult. So the products and services that you're already using means that those are incredible businesses. And then look at, can multiple versions of that exist?”
Mohnish PabraiJun 15, 2026▶ 13:32Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
Insight
Pabrai: Do not sell great businesses when overpriced, only when egregiously overpriced
“When you find yourself
In the happy position of partial ownership of a great business, don't sell it when it's fully priced.
Don't sell it when it's overpriced.
Only possibly sell it when it's egregiously overpriced.
Like, you can't justify it in any possi…”
Mohnish PabraiJun 15, 2026▶ 29:17Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
Insight
Pabrai: Companies with durable moats like Goldman Sachs should never be sold
“Another stupid thing I did, which is a company like Goldman Sachs should never be sold.”
Mohnish PabraiJun 15, 2026▶ 35:51Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
Disclosure
Pabrai: Pabrai Investment Funds Operates With Two Full-Time and Two Part-Time Staff
“They're just two people full-time. And they're two part-time.”
Mohnish PabraiJun 15, 2026▶ 51:23Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
Insight
Pabrai: Full-Time Workers Have 40 to 50 Weekly Hours for Side Ventures
“One of the things to keep in mind is there are a 168 hours in a week. Your employer wants 40 hours. There's still another 128 hours left. And so even when you take out time for eating and sleeping and showering and everything else, you have at least another 40…”
Mohnish PabraiJun 15, 2026▶ 2:02Go From $10k to $1M in 3 Years With This Strategy | Mohnish Pabrai
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