Mohnish Pabrai

Last updated
Mohnish Pabrai
Born
Mumbai, India
NationalityIndian, American
Alma mater Clemson University
Occupation(s)Investor, businessman and philanthropist
Spouse(s)Harina Kapoor; [1] (m. 1992; div. 2019)

Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist. He was born in Bombay (Mumbai), India, on June 12, 1964. He is the founder and managing partner of Pabrai Investment Funds, a value-oriented investment firm that manages over $1 billion in assets. [2]

Contents

Family

In 1992, he married Harina Kapoor. Pabrai and Harina divorced in 2019. Mohnish Pabrai’s daughter Monsoon Pabrai, born in 1995, is a UC Berkeley Graduate who is currently a Managing Partner of Drew Investment. She formerly worked as a Research Analyst at Dalton Investments and as a Strategy Lead at Coral Labs. [3]

Career

Pabrai worked with 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. [4]

In 1991, he started his IT consulting and systems integration company, TransTech, Inc. with about US$30,000 from his own 401(k) account and US$70,000 from credit card debt. He sold the company in 2000 to Kurt Salmon Associates [5] for US$20 million. Today he is the managing partner of the Pabrai Investment Funds (a family of hedge funds inspired by Buffett Partnerships), which he founded in 1999.

Books

Pabrai has high regard for Warren Buffett and has said that his investment style is "cloned" from Buffett and other value investors. He has written a book on his investing style: The Dhandho Investor: The Low - Risk Value Method to High Returns. [6] In June 2007, he made headlines by bidding US$650,100 with Guy Spier for a charity lunch with Buffett. [7]

Another book by Pabrai is Mosaic: Perspectives on Investing. In this book, Pabrai has distilled the Warren Buffett method of investing down to a few points. These points are made in a series of articles he authored for various newsletters and web sites between 2001 and 2003 (the book reprints these articles in reverse chronological order).

Pabrai's approach to life is covered extensively in Guy Spier's book, The Education of a Value Investor, in particular in a chapter titled "Doing Business the Buffett-Pabrai Way". [8]

Dakshana Foundation

In 2005, Pabrai and his wife, Harina Kapoor started the Dakshana Foundation (an offering or gift, typically to a guru or priest) with the goal of recycling most of their wealth back to society. [9] Their starting point is to give back approximately 2%, or US$1 million every year. [10] The initial goal is the alleviation of poverty in India. The tool that has been chosen is to provide tutoring services to some of the least privileged members of Indian society, and to enable them to attend some of the elite institutions of higher learning. [1] [11] Pabrai credits Anand Kumar, the founder of Ramanujan School of Mathematics [12] (also known as the Super 30) with originating this idea.

Family History

Pabrai's father variously founded, bankrupted, or sold 15 companies. [13] Pabrai's grandfather was famous magician Gogia Pasha. [13]

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References

  1. 1 2 Duttagupta, Ishani (6 June 2010). "Dakshana Foundation: Helping the poor to crack IIT". The Economic Times . Retrieved 12 October 2013.
  2. ↑ "Mohnish Pabrai Stocks Portfolio In 2024 - Net Worth, Investment Approach, And Personal Details". weinvestsmart.com. 2024-01-01. Retrieved 2024-01-01.
  3. ↑ Frank, Ben (13 December 2023). "Mohnish Pabrai Biography Of A Value Investing Guru". www.hsranews.com. Retrieved 6 February 2024.
  4. ↑ "Bio-MP". Anderson.ucla.edu. Retrieved 2012-03-25.
  5. ↑ "Kurt Salmon". Kurt Salmon. 2007-08-19. Retrieved 2012-03-25.
  6. ↑ "Mohnish Pabrai Thinks India's NBFCs Need To Read Hamlet And Buffett". Moneycontrol. 24 October 2018. Retrieved 2021-02-11.
  7. ↑ Alex Crippen (2008-06-25). "Lunch With Warren Buffett 'Worth Every Penny' at $650,100". cnbc.com. Retrieved 2015-10-11.
  8. ↑ Spier, Guy (2014). The Education of a Value Investor. St. Martin's Press. ISBN   978-1137278814.
  9. ↑ "About the Dakshana Foundation". Archived from the original on November 3, 2011. Retrieved November 20, 2011.
  10. ↑ Kristin Kloberdanz (Jan 12, 2012). "A Disciple of Warren Buffett's Finds His Own Way of Giving Back". Time Magazine. Archived from the original on January 13, 2012.
  11. ↑ "A Letter from Mohnish Pabrai" . Retrieved November 20, 2011.
  12. ↑ "An Awakening In Bihar How one rural school helps prepare poor youths for the Indian Institutes of Technology". Business Week. Archived from the original on August 20, 2006.
  13. 1 2 "Rs 2.6cr for lunch is my guru dakshina". Times of India. July 2007. Retrieved 2024-01-03.
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