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Classic 22: Life and investing w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
Three Things I've Learned About Investing
To be a great investor, one has to be good at thinking fast and very good at thinking slow. I tend to reach conclusions relatively quickly; my conclusions would be better than most other humans if all of us were given the same amount of limited time in life. In investing, that's not how investing works. One can take six months looking at an investment. There's no rule that says that half an hour after you know of a company, you have to make a decision whether to buy or not buy. This is where we would be. And so mistakes are part for the course. We want to learn from them, but you don't want to go overboard in the learning.
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