2min chapter

Value Investing with Legends cover image

Mohnish Pabrai - The Value of Continuous Learning

Value Investing with Legends

CHAPTER

The Lifecycle of a Business

The main learning I think I got from my dad was that after he was about 11 or 12 years old, these businesses used to always get into trouble because he was so leveraged and optimistic. So we would sit down in the evening to try to figure out how to make the business run for one more day. That comes directly from those experiences from the age of 11 to 18 or 19 with him. It's an incredible experience to have as an investor that you've seen it from inside. And you know what it takes to make a business succeed.

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