Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023
Chai with Pabrai
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Why Investors Make Mistakes in Investing
Do investors lose less when they don't care in investing? I'm sorry. Can you repeat that last sentence? Right. Well, yeah, I mean, I think with investing the reason the error rate is high is because of, I would say primarily two reasons. One is that humans have a tendency to fork to basically project present circumstances to infinity. For example, we have a company in the US called NVIDIA and NVIDIA just hit a trillion dollar market cap and it's up almost like 200% this year in the first five, six months. And there's a lot of euphoria around NVIDIA. But similar sentiment existed in early 2000 with Microsoft. They tend to at times get very overhe
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