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13min chapter
Mohnish Pabrai’s Q&A session at the Harvard Business School on September 15, 2023
Chai with Pabrai
Calculated Risks and Entrepreneurial Mindset
This chapter of the podcast discusses the importance of taking calculated risks and highlights the entrepreneurial mindset in various industries, such as the hospitality industry and value investing. It features examples of a barber opening a new shop and the success of the Patel family in the motel business. The speaker emphasizes the need to evaluate the downside before considering the upside in investments and the potential for creating a non-durable competitive advantage.
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