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People

Mohnish Pabrai

Investor; founder of Pabrai Investment Funds

Sources

1 idea

  • FrameworkInvestingBook

    Low risk and high uncertainty are not the same thing

    Look for situations where the range of outcomes is wide but the chance of permanent loss is small, because the market prices both as risk.

    Idea generation, special situations, and any pitch where the obvious objection is that the outcome is unknowable.

    From The Dhandho Investor · Mohnish Pabrai