How Mohnish Pabrai’s Mental Models Can Improve Investment Returns (opens in new tab)

Investors spend endless hours hunting for complexity when many fortunes are built on simpler foundations. That is why Mohnish Pabrai’s remarks to Dakshana scholars deserve attention far beyond a classroom audience. His framework is not about forecasting macro variables or chasing fashionable themes. It starts with behavior. As he put it, “take a simple idea and take it seriously.”