Mohnish Pabrai: FASTEST Way To Financial Freedom! Proven Playbook For Quitting Your 9-5 In 9 Months!

Why do they call you the Dhandho Investor?

It's a way of doing business and making money without taking risk. Like, for example, Mr. Gates, Mr. Walton, Mr. Branson, all of these people followed these simple mental models. So if they won, they would win big, and if they lost, they'd lose nothing.

So I want to know everything.

Okay, let's start with this.

Mohnish Pabrai is the self-made millionaire who built one of the most respected investment firms in the world, managing over a billion dollars.

And now he's giving us the simple tools and frameworks to create life-changing wealth.

If humans understood that if I embark on a business in a format where the risk is close to zero, more people would do it, and that's what these mental models do. For example, cloning. We are taught if you want to start a business, you need to come up with something new. But actually, if you are a great cloner, you will be ninety percent ahead of the rest of humanity. And in fact, everything that Microsoft has done well at has come from copying someone on the outside. And then there's time. When you're starting a business, don't quit the day job because some other yo-yo is paying your rent. But it does mean that you need to find time to work on your business. But I will show you the perfect way to allocate your time, and that's not all. There's models like low-hanging fruit, skin in the game, givers versus takers, and the circle of competence, and I'll, I'll explain all of them.

What about investing? Because you're very well known for being an excellent investor.

There are three things that matter with investing, and there's also something known as the rule of seventy-two, but I wish they would teach it more in high school, and it tells us how long it takes money to double. Now, this is exciting.

I see messages all the time in the comment section that some of you didn't realize you didn't subscribe. So if you could do me a favor and double-check if you're a subscriber to this channel, that would be tremendously appreciated. It's the simple, it's the free thing that anybody that watches this show frequently can do to help us here, to keep everything going in this show, in the trajectory it's on. So please do double-check if you've subscribed, and, uh, thank you so much, because in a strange way, you are- you're part of our history, and you're on this journey with us, and I appreciate you for that. So yeah, thank you. [upbeat music] Mohnish Pabrai, with the work that you do and the sort of public educating that you've done more recently in your career, what is the message you're trying to convey, if you had to summarize that message, and exactly who are you trying to convey it to?

It really depends on, uh, what message. There are, uh, a few different mental models that I've figured out over the last few decades. When you have, uh, kind of clarity on these mental models, and especially when you can start overlaying them, that's when you get one plus one becomes eleven. And, uh, so these mental models are not all in the same direction or in the same genre.