Mohnish Pabrai's Q&A with members of the Finance and Investment Cell at SRCC, Delhi on June 14, 2023
Chai with Pabrai
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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