Mohnish Pabrai
Pabrai Investment Funds
Profile & Investment Philosophy
Mohnish Pabrai, founder of Pabrai Investment Funds, has built one of the most intellectually disciplined value investing practices by combining the frameworks of Warren Buffett and Charlie Munger with a systematic approach to "cloning" the best ideas from other top investors. His philosophy is rooted in the concept of "Dhandho" — a business concept meaning "endeavors that create wealth" while minimizing risk — encapsulated in his principle of "heads I win, tails I don't lose much." Pabrai's process is characterized by extreme selectivity: he typically makes only 1–3 new investments per year, seeking businesses trading at 50 cents on the dollar relative to intrinsic value. He is a systematic "cloner" — studying the 13F filings of outstanding investors and borrowing ideas he independently validates. This strategy reduces the risk of analytical error by providing an additional filter. Pabrai is also known for "checklist investing" — maintaining a rigorous checklist of past investment mistakes to avoid repeating them. His portfolio is heavily concentrated, typically holding 5–10 positions. Pabrai's philosophy demonstrates that exceptional returns do not require original ideas — only exceptional discipline and process.
Current Portfolio
LATEST 13FLatest SEC Form 13F filing. Total portfolio value: $402M. Holdings: 4 positions.
| Ticker / Security | Shares | Δ vs Prev | Value | Portfolio % |
|---|---|---|---|---|
| HCC Warrior Met Coal, Inc. | 1.80 | 0.00% | $158,690,000 | 39.47% |
| RIG Transocean Ltd. | 27.04 | +10.63% | $111,680,000 | 27.77% |
| AMR Alpha Metallurgical Resources, Inc. | 0.54 | +2.07% | $108,530,000 | 26.99% |
| VAL Valaris Limited | 0.46 | -56.94% | $23,140,000 | 5.75% |
SOURCE: SEC Form 13F. See the live BMI Smart Money Tracker.