Mohnish Pabrai's Top 10 Rules For Success

Mohnish Pabrai's Top 10 Rules For Success

He's an Indian-American businessman, investor, and philanthropist. He sold his company TransTech, Inc in 2000 to Kurt Salmon Associates for US$20 million. Today he is the managing partner of the Pabrai Investment Funds. He's Mohnish Pabrai and here are his Top 10 Rules for Success. * Join my BELIEVE newsletter: http://ift.tt/1DyhRRs Sources: https://youtu.be/oaL2v1nVokw https://youtu.be/4LPCGRc1kww https://youtu.be/E_nWM4vjgqE 1. Minimize risk He worked with Tellabs between 1986–91. 2. Define your market In 1991 he started his IT consulting and systems integration company, TransTech, Inc. 3. Stay within your circle of competence He started with about $30,000 from his own 401K account and $70,000 from credit card debt. 4. Don't sell what you wouldn't buy He has high regards for Warren Buffett and admits that his investment style is copied from Buffett and others. 5. Wait for the right pitch He has written a book: The Dhandho Investor: The Low - Risk Value Method to High Returns. 6. Put yourself in their shoes His approach to life is covered extensively in Guy Spier's book, The Education of a Value Investor. 7. Focus on marketing Another book by Pabrai is Mosaic: Perspectives on Investing. 8. Create a competitive advantage He has won the 1999 KPMG Illinois High Tech Entrepreneur Award given by KPMG. 9. Have flexibility He's a member of the Young Presidents' Organization. 10. Pay attention to feedback He started the Dakshana Foundation with the goal of recycling most of their wealth back to society. Cesar V: Evan do you think you can do something on Monish Pabrai? Thanks a lot. I love what you do!! WHAT IS BTA? * Find out here: https://www.youtube.com/watch?v=BsY8bmTUVP8 ENGAGE * Subscribe to my channel: http://www.youtube.com/subscription_center?add_user=Modelingthemasters * Leave a comment, thumbs up the video (please!) * Help me caption this video so others can enjoy it too: https://www.youtube.com/timedtext_video?v=jw54ImT9YEw * Suppport me: http://ift.tt/1rwPqAb CONNECT * Twitter: https://twitter.com/evancarmichael * Facebook: http://ift.tt/1t8ruBM * Google+: http://ift.tt/1wAY1Ex * Website: http://ift.tt/LfsMJ5 EVAN * About: http://ift.tt/1wAY43c * Guides: http://ift.tt/1t8ruBR * Coaching: http://ift.tt/1qk7KuM * Speaking: http://ift.tt/1wAY1UU * Gear: http://ift.tt/1VBOMjE WEEKDAY SCHEDULE * #Entspresso - Weekdays at 7am EST : https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0-kQSSs3Ua5wExlz1HwRRs * Lunch & Earn - Weekdays at 12pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM1j5wXSEqRxhu_MK0g4TA4M * Top 10 Rules for Success - Weekdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0VWRGYCfuUCdyhKfU733WX WEEKEND SCHEDULE * #Entvironment - Saturdays at 7am EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM3ZvpIdZoneTe1KYCVcmfbF * #EvansBook - Saturdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM1tNSh0CjOsqIg1fw7bAPt4 * #BelieveLife - Sundays at 7am EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM207_RQCOPAwZdKYXQ4cqjV * Life with Evan - Sundays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM19tzfHH_VJOnghbfdRPZjS
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