Mohnish Pabrai’s Q&A with members of The Babson College Fund (Babson College Students)– Feb 9, 2021
Chai with Pabrai
The Importance of Diversification in Investing
The typical entrepreneur is almost naturally driven towards extreme concentration, right? 90% of assets in one particular business. Charlie Munger and Warren Buffett both believe that if you understand a few businesses well, it is madness to put any money in your 25th or your 30th best idea. I have told my investors that I won't put more than 10% at cost into a single idea.
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