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Mohnish Pabrai Quotes: The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.
         

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.


Mohnish Pabrai
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Other quotes of Mohnish Pabrai


Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.

Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.



You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.

You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.



Heads I win, tails I don’t lose much.

Heads I win, tails I don’t lose much.



The good news in investing is there are no HR problems. If there are no humans, there are no problems!

The good news in investing is there are no HR problems. If there are no humans, there are no problems!



Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.

Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.



People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education.

People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education.



There is no such thing as a value trap. There are investing mistakes.

There is no such thing as a value trap. There are investing mistakes.



I have a hard time getting past the day without the nap, so the nap is a must.

I have a hard time getting past the day without the nap, so the nap is a must.



The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.

The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue.



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.

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.





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It's not a problem. There are people out there with much worse problems than mine."-Cynthia"Doesn't make yours any more fun to bear."-Liza"No. But it does help with the self-pity."- Cynthia

It's not a problem. There are people out there with much worse problems than mine."-Cynthia"Doesn't make yours any more fun to bear."-Liza"No. But it does help with the self-pity."- Cynthia



A guy should make the woman he is dating feel different and more special than anyone else in his life

A guy should make the woman he is dating feel different and more special than anyone else in his life



I am writing to all the churches to let it be known that I will gladly die for God if only you do not stand in my way... Let me be food for the wild beasts, for they are my way to God.

I am writing to all the churches to let it be known that I will gladly die for God if only you do not stand in my way... Let me be food for the wild beasts, for they are my way to God.



If I hear a really good song it's like, oh man, I want to write a song that good. But the urge to create mostly comes from nature, weather and I think it just effects me.

If I hear a really good song it's like, oh man, I want to write a song that good. But the urge to create mostly comes from nature, weather and I think it just effects me.



I see something that has to be done and I organize it.

I see something that has to be done and I organize it.



God doesn't do things halfway. He goes all out! When God does something, it's not just barely enough, mediocre or lukewarm.

God doesn't do things halfway. He goes all out! When God does something, it's not just barely enough, mediocre or lukewarm.



Also, think about your intentionality - are you getting lost in the method? or coming from the intentionality, the purpose? You don't want to do the mechanics without the consciousness.

Also, think about your intentionality - are you getting lost in the method? or coming from the intentionality, the purpose? You don't want to do the mechanics without the consciousness.



The US has been the leading terrorist state in the world for many years.

The US has been the leading terrorist state in the world for many years.



Early on, New York already had a national and even international identity.

Early on, New York already had a national and even international identity.



We're kind of defined by our mistakes

We're kind of defined by our mistakes




Quote Description


This page presents the quote "The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.". Author of this quote is Mohnish Pabrai. This quote is about way, competence, business, circles,.