Chai with Pabrai Mohnish Pabrai’s Talk at Pan IIT Conference, Toronto in June 2014
Sep 25, 2024
Mohnish Pabrai, a notable figure in philanthropy and entrepreneurship, delves into transformative educational initiatives. He discusses the impact of the Dakshana Foundation and Anand Kumar’s Super 30 program in empowering underprivileged students in India. Pabrai shares insights on the role of Jawahar Navodaya Vidyalayas in providing quality education and emphasizes the importance of aligning philanthropy with effective business practices. He advocates for innovative strategies in philanthropy, including feedback loops and time-limited foundations, to enhance social impact.
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Inheritance Advice
- Give your children enough money to pursue their dreams, but not enough to do nothing.
- Large inheritances can burden children and negatively impact their lives.
Charity Critique
- Most charities prioritize emotional appeals over demonstrating impact and learning from failures.
- They focus on maximizing inflows rather than maximizing effectiveness.
Inspiration for Dakshana
- Mohnish Pabrai was inspired by Anand Kumar's Super 30 program, which helps impoverished students get into IITs.
- After being turned down for funding, Pabrai decided to replicate and scale the program with his Dakshana Foundation.