Mohnish Pabrai believes that once the opportunity is found, the money is made not in the buying or selling but in the waiting. If he doesn’t think the opportunity is blindingly obvious, he passes. He is angling to make five times his money in a few years. He has no interest in a company that looks ten percent undervalued. Mohnish Pabrai looks at a stock not as a piece of paper but as the ownership of a business. 43% for the S&P 500 Index since inception in 2000. Mohnish Pabrai’s long-only equity fund has returned a cumulative 517% net to investors vs. In 1999 Mohnish Pabrai founded the Pabrai Investment Funds, which he still runs today. He sold the company in 2000 for US$20 million. with about US$30,000 from his own 401K account and US$70,000 from credit card debt.
In 1991 Mohnish Pabrai started his IT consulting and systems integration company, TransTech, Inc. He worked for Tellabs between 1986–91, first in its high speed data networking group, and then in 1989, joined its international subsidiary, working in international marketing and sales. in 1983 to attend South Carolina’s Clemson University. Born on Jin Mumbai, India, Mohnish Pabrai moved to the U.S.
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