Collection: Mohnish Pabrai - #17 'Fear of Losing Wealth?'



[Transcript]

MOHNISH PABRAI 00:09

No, I had no fear. The reason I had no fear is because you know, if the one million was gone. I still have experiences, qualifications, I still have my business. There's many ways that I could recover.


Even today, I'm not at all worried about – let's say for example, somethings happened where I lost everything. Of course that would be maybe for 2 days I would be sad, if everything is gone.


But people has been through adversity, has been through much worse adversity. You know there is a saying if wealth is lost nothing is lost, if health is lost something is lost,

if character is lost everything is lost. So you are only talking about the first one.


So wealth is lost nothing is lost, no problem.


{Source: https://youtu.be/xa1CH2nK1cM)

 

[YAPSS Takeaway]

1. To create sustainable wealth you need knowledge and action :)