A Disciple of Warren Buffett's Finds His Own Way of Giving Back
When Mohnish Pabrai was a child he was lucky enough to attend an elite private school in his hometown of Mumbai, India. For several years, he sat next to a classroom window that overlooked an immense slum that flooded during monsoons and blistered in the heat. Every day, he watched as the slum's inhabitants struggled with basic survival. Only 10 feet away from this destitution, young Pabrai felt as if there was an unbridgeable gulf between him and the caste of Indians known as "the untouchables." "Not once did any teacher ever acknowledge there was anything worth looking at out that window," Pabrai says. "You had the constant smell of raw sewage, but it was never mentioned."
Decades later, Pabrai, now 47, is doing more than reminisce about the horrors he witnessed outside that window. A wealthy hedge fund manager, Pabrai has come up with a way to lift some of the most desperately poor children out of those slums. By creating The Dakshana Foundation, a market-based philanthropy with clear and sustainable objectives that are easy to measure, Pabrai is sending hundreds of Indian students to the country's most elite technical university — and therefore giving them a shot at a life-changing career.
- Buffett Disciple Mohnish Pabrai On Bank Of America, Citi, Google, And Hyundai
Link to article: Buffett Disciple Mohnish Pabrai on Bank of America, Citi, Google, and Hyundai“I have heard [Warren Buffett’s business partner] Charlie Munger more than once say that a well-diversified portfolio needs four stocks,” says Pabrai,...
- Mohnish Pabrai's Clemson Presentation
Link to: Mohnish Pabrai's Clemson Presentation ................. Related previous post: Mohnish Pabrai's Boston College Presentation [H/T ValueWalk] ...
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Found via the Corner of Berkshire & Fairfax. Mohnish Pabrai is used to making investment pilgrimages. The ace investor is a regular at Warren Buffett’s annual Berkshire Hathaway meeting as well as at the Value Investing Congress that is held every...
- Mohnish Pabrai Interview Segments On The Motley Fool
Thanks to Will for passing these along. Links to: Checklist Investing: How to Avoid Errors and Learn From Mistakes The Number One Trait of a Successful Investor How Investors Should Think About the Economy The Untraditional Path of Becoming a Great Investor...
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Believe it or not, Wall Streeters and other investment professionals can be a generous bunch when it comes to charitable giving. Taking a lead from Warren Buffett, Wall Streeters give away billions annually. Checkbook philanthropy has its limits, however,...