Mohnish Pabrai
Mohnish Pabrai
Investment Philosophy
Mohnish Pabrai is a self-made investor who modeled his entire approach after Warren Buffett and Charlie Munger. His book “The Dhandho Investor” outlines his core philosophy: heads I win, tails I don’t lose much. He runs an ultra-concentrated portfolio, typically holding fewer than 10 positions, and invests only when he sees a massive disconnect between price and intrinsic value.
He famously paid $650,100 for a charity lunch with Warren Buffett in 2007, calling it the best investment he ever made. His approach is characterized by extreme patience, minimal trading, and a focus on simple businesses with durable competitive advantages trading at significant discounts to intrinsic value.
Pabrai embraces the concept of “cloning” — systematically studying and replicating the best investment ideas from legendary investors. This disciplined, shameless imitation of proven frameworks has allowed him to generate outstanding long-term returns with minimal complexity.
Current Portfolio
Source: SEC 13F Filing (Q4 2025)
| Ticker / Security Name | Shares (MM) | Δ Shares (%) | Value (Full $) | 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% |
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