Video Link: https://youtu.be/mxWMOHkuSKM
In this episode, Mohnish Pabrai explains why there is no need to be scared of losing money in investing?
In this episode, you’ll learn:
Why Mohnish Pabrai doesn't have fear in losing wealth?
Why you shouldn't have fear of losing wealth in investing?
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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.