Mohnish Pabrai blog

[hardincap]

that was a perfectly reasonable explanation and mp 100% deserved benefit of the doubt that i regretfully didnt give (being a collector of folly makes one ultra cynical). i apologize for that and admit i was being an ass. i wish nothing but success and happiness to mp, and continue to root for dakshana all the way. i hope this digression can die now

[Cevian]

Let's move on! Nothing to see here.

[stahleyp]

Mohnish, thanks for the clarification. I too apologize if there was any harm on my end.

[oddballstocks]

Sounds like a few had assistants posting for them instead of themselves...

[oscarazocar]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

My alum status from HBS status was granted in 2010 in a special ceremony at HBS. Here is what it says about my education on the Pabrai Funds website. This has not been changed/updated in 10-15 years:

 

“In 1986, Pabrai received a Bachelor's Degree from Clemson University in Computer Engineering. He completed coursework towards a Master's Degree in Electrical Engineering from the Illinois Institute of Technology, but did not finish his thesis due to the start-up of TransTech.”

 

And in the typical profile I am requested to send when speaking anywhere etc., it makes no mention of any degrees or institutions. No Clemson, IIT or HBS. This has also been the case for atleast 10-15 years.

 

As far as I am aware the only place where HBS appears is on LinkedIn. I created a LinkedIn profile many years ago as part of a HBS case we were doing. But it sat dormant and most unpopulated without much info on me for most of that time. About 12-14 months ago a person on my team suggested I get serious about social media. We talked about it and it led to the ChaiWithPabrai blog, setting up a twitter account and populating the LinkedIn profile. Until 12-14 months ago, I ignored LinkedIn and mostly ignored requests or messages etc. on it. A member of my staff populated my LinkedIn profile in consultation with me. That is when the HBS info was added.

 

I am a member of YPO. YPO and HBS have a unique relationship going back several decades. The YPO-Harvard program (or PPL – Presidents’ Program in Leadership) is a week on the HBS campus. It is a very intense week, requiring several weeks of advance prep. It is both exhausting and exhilarating. I did the program eleven times and in most years I’d rate it as the best week of the year for me. There are a limited number of seats annually and the program is heavily oversubscribed. One needs to be a YPO’er and then apply to attend. The waiting list takes a few years to clear. Once you attend, you are only invited back if you “did the work” and got a good rating from your group leader. We are setup in groups of 8-10 YPO’ers.

 

After nine years of attending the program HBS gives you alum status. Throughout the time I attended this alum status was discussed by participants as being the same as getting a HBS MBA. The HBS MBA admission program is altogether different. I have often thought about whether after nine years of doing the YPO HBS program whether it was equivalent to a HBS MBA.

 

In my opinion, the typical YPO’ers who have alum status from HBS as a group are vastly better at execution than the typical HBS MBA. The reason is that one needs to be running a successful business with some scale before YPO will let you join the organization. In some geographies, the bar is really high to join. After joining, you have to be accepted to attend the YPO-HBS program. And then be allowed to come back eight more times. There are 10,000+ YPO’ers and when I went through it, less than 350 seats a year for the program. Most folks keep coming back, so there aren’t that many open seats.

 

What I went through at HBS, in my opinion, was vastly superior to doing an MBA there. I was focused on applying the lessons learned immediately in my business. For example, the first year I attended planted the seeds to start Pabrai Funds. It meant moving from running a IT Services company to running an investment partnership with no prior experience. It was a huge 180 degree reset. It would not have happened if I had not gone to HBS. There would likely not be a Pabrai Funds today if I hadn’t spent a week in the YPO-HBS program in Jan/Feb 1999.

 

I hadn’t looked at my Linked In profile in much detail. I am responsible for it saying HBS MBA, even though I personally did not enter in that info. After I saw the thread I went in and corrected the profile immediately. It was the right thing to do. There was no attempt to mislead anyone. FWIW, the HBS alum status that is granted for the YPO program is absolutely at least equivalent to a HBS MBA and actually vastly superior (in my opinion).

 

I don’t think anyone has ever given me a dime to manage because they think I have a HBS MBA. This explanation is not gonna jive with those filled with envy. People have been taking potshots at Buffett for decades. If they can take potshots at Warren, then of course they are gonna take 100x those potshots at flawed mortals like me. I have grave misgivings about this long post (or any post), but decided to go ahead anyway. I won’t be responding. Nothing further to add on the subject from my side.

 

Here are two ways that one could have responded to this thread:

 

1) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I attended a program at HBS for many years that I believe is similar in scope to the MBA program, but I do not have that degree.  It was an honest mistake and I have corrected it.  Thanks to those who pointed it out, as it potentially saved me future embarrassment.”

 

2) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I actually attended program that is BETTER than a Harvard MBA.  I merely wrote “Harvard MBA” to be humble.  People who pointed out that I do not have a Harvard MBA are full of envy, taking potshots, and smearing me.  Anyone who disagrees with me is irrational.  I will now throw in a gratuitous self-reference to Warren Buffett for kicks.

 

The decision to respond in the spirit of #2 instead of #1 perhaps explains why people pointed out the misrepresentation.  It is not a gracious response, and it displays a large ego that is resistant to feedback or criticism, even when justified.

[Parsad]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

My alum status from HBS status was granted in 2010 in a special ceremony at HBS. Here is what it says about my education on the Pabrai Funds website. This has not been changed/updated in 10-15 years:

 

“In 1986, Pabrai received a Bachelor's Degree from Clemson University in Computer Engineering. He completed coursework towards a Master's Degree in Electrical Engineering from the Illinois Institute of Technology, but did not finish his thesis due to the start-up of TransTech.”

 

And in the typical profile I am requested to send when speaking anywhere etc., it makes no mention of any degrees or institutions. No Clemson, IIT or HBS. This has also been the case for atleast 10-15 years.

 

As far as I am aware the only place where HBS appears is on LinkedIn. I created a LinkedIn profile many years ago as part of a HBS case we were doing. But it sat dormant and most unpopulated without much info on me for most of that time. About 12-14 months ago a person on my team suggested I get serious about social media. We talked about it and it led to the ChaiWithPabrai blog, setting up a twitter account and populating the LinkedIn profile. Until 12-14 months ago, I ignored LinkedIn and mostly ignored requests or messages etc. on it. A member of my staff populated my LinkedIn profile in consultation with me. That is when the HBS info was added.

 

I am a member of YPO. YPO and HBS have a unique relationship going back several decades. The YPO-Harvard program (or PPL – Presidents’ Program in Leadership) is a week on the HBS campus. It is a very intense week, requiring several weeks of advance prep. It is both exhausting and exhilarating. I did the program eleven times and in most years I’d rate it as the best week of the year for me. There are a limited number of seats annually and the program is heavily oversubscribed. One needs to be a YPO’er and then apply to attend. The waiting list takes a few years to clear. Once you attend, you are only invited back if you “did the work” and got a good rating from your group leader. We are setup in groups of 8-10 YPO’ers.

 

After nine years of attending the program HBS gives you alum status. Throughout the time I attended this alum status was discussed by participants as being the same as getting a HBS MBA. The HBS MBA admission program is altogether different. I have often thought about whether after nine years of doing the YPO HBS program whether it was equivalent to a HBS MBA.

 

In my opinion, the typical YPO’ers who have alum status from HBS as a group are vastly better at execution than the typical HBS MBA. The reason is that one needs to be running a successful business with some scale before YPO will let you join the organization. In some geographies, the bar is really high to join. After joining, you have to be accepted to attend the YPO-HBS program. And then be allowed to come back eight more times. There are 10,000+ YPO’ers and when I went through it, less than 350 seats a year for the program. Most folks keep coming back, so there aren’t that many open seats.

 

What I went through at HBS, in my opinion, was vastly superior to doing an MBA there. I was focused on applying the lessons learned immediately in my business. For example, the first year I attended planted the seeds to start Pabrai Funds. It meant moving from running a IT Services company to running an investment partnership with no prior experience. It was a huge 180 degree reset. It would not have happened if I had not gone to HBS. There would likely not be a Pabrai Funds today if I hadn’t spent a week in the YPO-HBS program in Jan/Feb 1999.

 

I hadn’t looked at my Linked In profile in much detail. I am responsible for it saying HBS MBA, even though I personally did not enter in that info. After I saw the thread I went in and corrected the profile immediately. It was the right thing to do. There was no attempt to mislead anyone. FWIW, the HBS alum status that is granted for the YPO program is absolutely at least equivalent to a HBS MBA and actually vastly superior (in my opinion).

 

I don’t think anyone has ever given me a dime to manage because they think I have a HBS MBA. This explanation is not gonna jive with those filled with envy. People have been taking potshots at Buffett for decades. If they can take potshots at Warren, then of course they are gonna take 100x those potshots at flawed mortals like me. I have grave misgivings about this long post (or any post), but decided to go ahead anyway. I won’t be responding. Nothing further to add on the subject from my side.

 

Here are two ways that one could have responded to this thread:

 

1) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I attended a program at HBS for many years that I believe is similar in scope to the MBA program, but I do not have that degree.  It was an honest mistake and I have corrected it.  Thanks to those who pointed it out, as it potentially saved me future embarrassment.”

 

2) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I actually attended program that is BETTER than a Harvard MBA.  I merely wrote “Harvard MBA” to be humble.  People who pointed out that I do not have a Harvard MBA are full of envy, taking potshots, and smearing me.  Anyone who disagrees with me is irrational.  I will now throw in a gratuitous self-reference to Warren Buffett for kicks.

 

The decision to respond in the spirit of #2 instead of #1 perhaps explains why people pointed out the misrepresentation.  It is not a gracious response, and it displays a large ego that is resistant to feedback or criticism, even when justified.

 

Mohnish had never minced words and he's not about to.  Would you ask Munger to be more gracious in his choice of words?

 

I think you are just being an ass...I don't mince my words either.  Cheers!

[cubsfan]

My god Oscar - you are an unbelievable asshole.

[KCLarkin]

1) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I attended a program at HBS for many years that I believe is similar in scope to the MBA program, but I do not have that degree.  It was an honest mistake and I have corrected it.  Thanks to those who pointed it out, as it potentially saved me future embarrassment.”

 

2) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I actually attended program that is BETTER than a Harvard MBA.  I merely wrote “Harvard MBA” to be humble.  People who pointed out that I do not have a Harvard MBA are full of envy, taking potshots, and smearing me.  Anyone who disagrees with me is irrational.  I will now throw in a gratuitous self-reference to Warren Buffett for kicks.

 

The decision to respond in the spirit of #2 instead of #1 perhaps explains why people pointed out the misrepresentation.  It is not a gracious response, and it displays a large ego that is resistant to feedback or criticism, even when justified.

 

Having an MBA, thankfully not from Harvard, I wholeheartedly agree with Monish's take on this. Building a real business and then supplementing it with courses at Harvard is much more impressive than getting an MBA from Harvard and then going to work for McKinsey.

 

Also, there is some real irrational hatred (envy) of modestly successful value investors like Monish. The entire financial industry is pretty much built to rip people off. I'm not sure why you are wasting your time attacking one small fund manager who actually seems to act with some fiduciary intent.

[hobbit]

My god Oscar - you are an unbelievable asshole.

 

and why is that? Oscar has not said a single thing that is false. I admire Mohnish but I really appreciate Oscar's efforts for bringing this out. Its really beneficial to a capital allocator to hear both sides of the story .

[Tim Eriksen]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

 

I think Mohnish attributing it to smear driven by envy instead of just taking blame himself is disappointing.  There was no reason to attack along with it.  It is classless and arrogant, and reveals much about him. Oscar is not an ass, he is right on.

 

I for one don't envy Mohnish, or Buffett. Never have. Never will.       

[cubsfan]

My god Oscar - you are an unbelievable asshole.

 

and why is that? Oscar has not said a single thing that is false. I admire Mohnish but I really appreciate Oscar's efforts for bringing this out. Its really beneficial to a capital allocator to hear both sides of the story .

 

Because that was just an incredible cheap shot he took after Monish explained. Just call him a liar already and be done with it.

[Parsad]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

 

I think Mohnish attributing it to smear driven by envy instead of just taking blame himself is disappointing.  There was no reason to attack along with it.  It is classless and arrogant, and reveals much about him. Oscar is not an ass, he is right on.

 

I for one don't envy Mohnish, or Buffett. Never have. Never will.     

 

He was damned if he did and damned if he didn't.  If he had taken the gracious approach, I think some would have suggested he got caught. 

 

He took the approach to point out that he didn't post it, but when he heard about it he fixed it.  He then said that regardless of what he does, there will always be a certain amount of envy and resentment...I don't believe that to be untrue at all, especially from what I hear some of you say about him or others for that matter.

 

The gracious act would be to let it go after he responded on how the whole thing happened.  Oscar could have taken it at face value as well...he chose not to, and his response could be viewed as being prickly. 

 

Ironically, Mohnish's post was exactly how he would have responded in person.  Should he have been disingenuous to appease the horde?  Cheers!

[Guest cherzeca]

"If he had taken the gracious approach, I think some would have suggested he got caught."

 

well....he did get caught.

 

you are responsible for what your social media profiles say about your experience.  period.  while this may not be a serious mistake, it is a mistake to own...and saying someone else goofed is bad form imo.

 

[Parsad]

"If he had taken the gracious approach, I think some would have suggested he got caught."

 

well....he did get caught.

 

you are responsible for what your social media profiles say about your experience.  period.  while this may not be a serious mistake, it is a mistake to own...and saying someone else goofed is bad form imo.

 

How did he get caught?  It says virtually the same thing after the update! 

[LC]

Gotta tell ya, this whole thread is pretty funny  ;D

[Poor Charlie]

This thread is amusing.  I don’t know what’s worse:

• the fact that you people have the time and inclination to play CV detectives; or
  
• the fact someone who worships two guys whose offices include all the pretensions of a Dale Carnegie diploma and a bust of ‘B. Franklin, printer.’ couldn’t figure out that it’s not OK to pass off the executive degree he bought for a bonafide Harvard MBA.
  

 

I envy none of you.

[Tim Eriksen]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

 

I think Mohnish attributing it to smear driven by envy instead of just taking blame himself is disappointing.  There was no reason to attack along with it.  It is classless and arrogant, and reveals much about him. Oscar is not an ass, he is right on.

 

I for one don't envy Mohnish, or Buffett. Never have. Never will.     

 

He was damned if he did and damned if he didn't.  If he had taken the gracious approach, I think some would have suggested he got caught. 

 

He took the approach to point out that he didn't post it, but when he heard about it he fixed it.  He then said that regardless of what he does, there will always be a certain amount of envy and resentment...I don't believe that to be untrue at all, especially from what I hear some of you say about him or others for that matter.

 

The gracious act would be to let it go after he responded on how the whole thing happened.  Oscar could have taken it at face value as well...he chose not to, and his response could be viewed as being prickly. 

 

Ironically, Mohnish's post was exactly how he would have responded in person.  Should he have been disingenuous to appease the horde?  Cheers!

 

BS - He started with the resentment and envy.  Don't twist things to suit your agenda.  That you think Oscar is prickly is the pot calling the kettle black.  Have some objectivity.

 

[KCLarkin]

bonafide Harvard MBA

 

The amusing thing is that people are so convinced that a Harvard MBA is "bonafide". Getting an MBA is like joining a country club. You pay a lot of money. Hang out with other smart, rich kids. And you don't have to work very hard. His computer engineering degree is more bonafide than a Harvard MBA. His membership in YPO is way more bonafide. His business success and investing success are way more bonafide.

[cubsfan]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

 

I think Mohnish attributing it to smear driven by envy instead of just taking blame himself is disappointing.  There was no reason to attack along with it.  It is classless and arrogant, and reveals much about him. Oscar is not an ass, he is right on.

 

I for one don't envy Mohnish, or Buffett. Never have. Never will.     

 

He was damned if he did and damned if he didn't.  If he had taken the gracious approach, I think some would have suggested he got caught. 

 

He took the approach to point out that he didn't post it, but when he heard about it he fixed it.  He then said that regardless of what he does, there will always be a certain amount of envy and resentment...I don't believe that to be untrue at all, especially from what I hear some of you say about him or others for that matter.

 

The gracious act would be to let it go after he responded on how the whole thing happened.  Oscar could have taken it at face value as well...he chose not to, and his response could be viewed as being prickly. 

 

Ironically, Mohnish's post was exactly how he would have responded in person.  Should he have been disingenuous to appease the horde?  Cheers!

 

BS - He started with the resentment and envy.  Don't twist things to suit your agenda.  That you think Oscar is prickly is the pot calling the kettle black.  Have some objectivity.

"

 

He started with resentment and envy because this WHOLE thread is an assault on his character.  Comes in to defend himself and then Oscar piles on.

 

Where's your objectivity?

[ukvalueinvestment]

I agree we should all move on.  A mistake has arguably been made.  It happens.

[ourkid8]

I agree, this is a joke.  Let's focus on finding undervalued opportunities instead of looking at his LinkedIn profile. Lol...

 

Gotta tell ya, this whole thread is pretty funny  ;D

[Foreign Tuffett]

I have strong reservations about responding to mostly anonymous folks on message boards like this. Much of the smear is driven by envy – one of the worst human vices per Munger. You feel bad and don’t even get anything in return. The response to this post is gonna be irrational, but here goes:

 

My alum status from HBS status was granted in 2010 in a special ceremony at HBS. Here is what it says about my education on the Pabrai Funds website. This has not been changed/updated in 10-15 years:

 

“In 1986, Pabrai received a Bachelor's Degree from Clemson University in Computer Engineering. He completed coursework towards a Master's Degree in Electrical Engineering from the Illinois Institute of Technology, but did not finish his thesis due to the start-up of TransTech.”

 

And in the typical profile I am requested to send when speaking anywhere etc., it makes no mention of any degrees or institutions. No Clemson, IIT or HBS. This has also been the case for atleast 10-15 years.

 

As far as I am aware the only place where HBS appears is on LinkedIn. I created a LinkedIn profile many years ago as part of a HBS case we were doing. But it sat dormant and most unpopulated without much info on me for most of that time. About 12-14 months ago a person on my team suggested I get serious about social media. We talked about it and it led to the ChaiWithPabrai blog, setting up a twitter account and populating the LinkedIn profile. Until 12-14 months ago, I ignored LinkedIn and mostly ignored requests or messages etc. on it. A member of my staff populated my LinkedIn profile in consultation with me. That is when the HBS info was added.

 

I am a member of YPO. YPO and HBS have a unique relationship going back several decades. The YPO-Harvard program (or PPL – Presidents’ Program in Leadership) is a week on the HBS campus. It is a very intense week, requiring several weeks of advance prep. It is both exhausting and exhilarating. I did the program eleven times and in most years I’d rate it as the best week of the year for me. There are a limited number of seats annually and the program is heavily oversubscribed. One needs to be a YPO’er and then apply to attend. The waiting list takes a few years to clear. Once you attend, you are only invited back if you “did the work” and got a good rating from your group leader. We are setup in groups of 8-10 YPO’ers.

 

After nine years of attending the program HBS gives you alum status. Throughout the time I attended this alum status was discussed by participants as being the same as getting a HBS MBA. The HBS MBA admission program is altogether different. I have often thought about whether after nine years of doing the YPO HBS program whether it was equivalent to a HBS MBA.

 

In my opinion, the typical YPO’ers who have alum status from HBS as a group are vastly better at execution than the typical HBS MBA. The reason is that one needs to be running a successful business with some scale before YPO will let you join the organization. In some geographies, the bar is really high to join. After joining, you have to be accepted to attend the YPO-HBS program. And then be allowed to come back eight more times. There are 10,000+ YPO’ers and when I went through it, less than 350 seats a year for the program. Most folks keep coming back, so there aren’t that many open seats.

 

What I went through at HBS, in my opinion, was vastly superior to doing an MBA there. I was focused on applying the lessons learned immediately in my business. For example, the first year I attended planted the seeds to start Pabrai Funds. It meant moving from running a IT Services company to running an investment partnership with no prior experience. It was a huge 180 degree reset. It would not have happened if I had not gone to HBS. There would likely not be a Pabrai Funds today if I hadn’t spent a week in the YPO-HBS program in Jan/Feb 1999.

 

I hadn’t looked at my Linked In profile in much detail. I am responsible for it saying HBS MBA, even though I personally did not enter in that info. After I saw the thread I went in and corrected the profile immediately. It was the right thing to do. There was no attempt to mislead anyone. FWIW, the HBS alum status that is granted for the YPO program is absolutely at least equivalent to a HBS MBA and actually vastly superior (in my opinion).

 

I don’t think anyone has ever given me a dime to manage because they think I have a HBS MBA. This explanation is not gonna jive with those filled with envy. People have been taking potshots at Buffett for decades. If they can take potshots at Warren, then of course they are gonna take 100x those potshots at flawed mortals like me. I have grave misgivings about this long post (or any post), but decided to go ahead anyway. I won’t be responding. Nothing further to add on the subject from my side.

 

Here are two ways that one could have responded to this thread:

 

1) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I attended a program at HBS for many years that I believe is similar in scope to the MBA program, but I do not have that degree.  It was an honest mistake and I have corrected it.  Thanks to those who pointed it out, as it potentially saved me future embarrassment.”

 

2) I posted on my LinkedIn profile that I have a Harvard MBA and people pointed out that I do not have that degree.  I actually attended program that is BETTER than a Harvard MBA.  I merely wrote “Harvard MBA” to be humble.  People who pointed out that I do not have a Harvard MBA are full of envy, taking potshots, and smearing me.  Anyone who disagrees with me is irrational.  I will now throw in a gratuitous self-reference to Warren Buffett for kicks.

 

The decision to respond in the spirit of #2 instead of #1 perhaps explains why people pointed out the misrepresentation.  It is not a gracious response, and it displays a large ego that is resistant to feedback or criticism, even when justified.

 

I think this response is spot-on. Pabrai's response is filled with unjustified rhetorical devices, logical fallacies, and name checking. It really takes some hubris to namecheck Warren Buffett after having to correct inaccurate info on your LinkedIn profile.

 

On a larger note, I think one of the reasons Pabrai is so controversial on this board is that he is one of the most self promotional value investors this side of Bill Ackman. This constant self promotion is one reason why his name is batted around out of all proportion to his AUM.

[cubsfan]

Yea, Monish really didn't learn his lesson here, did he?

 

The real lesson:  If you fight pigs in the mud, you are going to get dirty....only the pigs still like it.

 

But he got that envy part right,  it's alive and well here at CoBF.

[gfcfa]

Greetings Everyone:

 

And, I do mean everyone.  No drama or anger here. 

 

Just thought I'd offer an alternative point of view, for what it's worth. 

 

But first, by way of full disclosure:  I'm an investor in Dhandho Holdings and Dhandho India, and am the (unpaid) Independent Director of Dhandho Junoon Offshore Fund. 

 

Shortly after I retired from my job as a securities analyst and portfolio manager in 2001, I began a super-serious search for "the next Warren Buffett."  Why?  Because, I realized that, as an investor, I was merely average.  Nothing special. 

 

For the next thirteen years I spent thousands of hours (quite literally) looking for individuals who fit the Buffett/Munger mold.  Finally, in 2014, I decided to "pull the trigger" and invest in Mohnish Pabrai's newly-formed Dhandho Holdings. 

 

Dhandho's results have been so-so, but, the overall experience has been a very positive one, reinforcing the belief that I had "found the right guy" in Mohnish.  So much so, that I decided to invest in the Dhandho India Fund when it launched early last month. 

 

As for the Harvard MBA listing on Linkedin?  It was technically inaccurate.  But, I don't think for a moment that it was intended to deceive.  Nor do I know of any investors, or prospective investors, who thought Pabrai had actually packed up his Irvine, CA family and moved across country to attend Harvard in 2008.  Certainly I knew he had not.  As would anyone with access to the Internet.

 

Mohnish is not God.  But, there's no question in my mind that Pabrai is one of the world's greatest investors, and an honest guy.

 

In closing, let me say that I'm not a serial poster, so, I'm unlikely to post on this topic again.

 

That said, I want to wish everyone here well. 

 

 

 

 

 

 

 

 

 

 

 

 

[Tim Eriksen]

Yea, Monish really didn't learn his lesson here, did he?

 

The real lesson:  If you fight pigs in the mud, you are going to get dirty....only the pigs still like it.

 

But he got that envy part right,  it's alive and well here at CoBF.

 

The real lesson seems to be that even when you do something wrong, you can attribute envy to those who pointed it out, and your fan boys will believe you and fight for you to the death.  They will even make fools out of themselves by casting aspersions on those who pointed out the misrepresentation.  They will call them names like ass and pig.  All the while living the delusion that they are in the right and doing something noble. 

 

This whole things has been like following a political discussion.