Mohnish Pabrai interview with Outlook India
Mohnish Pabrai is
used to making investment pilgrimages. The ace investor is a regular at Warren
Buffett’s annual Berkshire Hathaway meeting as well as at the Value Investing
Congress that is held every year in New York. This year, too, Pabrai has made the
trip from his Irvine, California, office on the West Coast to check if he is
missing out on anything. That is enough opportunity for us to catch up with him
at the Marriott Marquis Hotel, on New York’s Times Square. The Marquis raked up
much controversy when it was being built, but is now famous for housing New
York’s only rooftop revolving restaurant. Pabrai’s investing style, however,
has been anything but controversial. His cloning strategy, which almost anyone
can implement but not many do, has made Pabrai a multi-millionaire many times
over. All those millions are now being put to very good use through his
Dakshana Foundation. It seems then he has decided to not only clone Buffett’s
investing style but also his intent to give away most of his riches, to causes
that matter. Make no mistake, though, while the thought is benevolent, return
on investment is still the driving factor.
