Chai with Pabrai Mohnish Pabrai’s Q&A Session with MBA Students at Georgetown University – March 4, 2021
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Mar 2, 2023 AI Snips
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Humble Start of Pabrai Funds
- Mohnish Pabrai started his fund accidentally as a hobby managing a million dollars for friends.
- Within 15 months, assets grew to $2.5 million and he decided to treat it like a real business.
Leverage Lessons from Delta Financial
- Pabrai lost $50-60 million investing in Delta Financial during the 2007-2008 crisis due to leverage problems.
- This experience reinforced avoiding companies with significant debt.
Philanthropy with Dakshana Foundation
- Pabrai and his wife started the Dakshana Foundation to help poor, bright kids in India access elite schools.
- The program has helped thousands enter top institutes by providing costly preparation free of charge.