Mohnish Pabrai

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Mohnish Pabrai
Born 12 June 1964
Mumbai, India
Residence Irvine, California
Nationality Indian, American
Alma mater Clemson College
Occupation Investor, Businessman and Philanthropist
Spouse(s) Harina Kapoor[1]
Pabrai and Spier families with Warren Buffett L-R: Guy Spier, Lory Spier, Momachi Pabrai, Warren Buffett, Monsoon Pabrai, Harina Kapoor, Mohnish Pabrai

Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist.

Career[edit]

Pabrai worked with Tellabs between 1986–91, first in its high speed data networking group, and then in 1989, joined its international subsidiary, working in international marketing and sales.[2]

In 1991 he started his IT consulting and systems integration company, TransTech, Inc. with about US$30,000 from his own 401K account and US$70,000 from credit card debt. He sold the company in 2000 to Kurt Salmon Associates[3] for US$20 million. Today he is the managing partner of the Pabrai Investment Funds (a family of hedge funds inspired by Buffett Partnerships), which he founded in 1999.

Books[edit]

Pabrai has high regards for Warren Buffett and admits that his investment style is copied from Buffett and others. He has written a book on his investing style: "The Dhandho Investor: The Low - Risk Value Method to High Returns". In June 2007 he made headlines by bidding US$650,100 with Guy Spier for a charity lunch with Warren Buffett.[4]

Another book by Pabrai is "Mosaic: Perspectives on Investing". In this book Pabrai has distilled the Warren Buffett method of investing down to a few points. These points are made in a series of articles he authored for various newsletters and web sites between 2001 and 2003 (the book reprints these articles in reverse chronological order).

Awards and memberships[edit]

Mohnish Pabrai has won the 1999 KPMG Illinois High Tech Entrepreneur Award given by KPMG, the State of Illinois and the City of Chicago.

Pabrai is a member of the Young Presidents' Organization (YPO) and a charter member of The Indus Entrepreneurs (TIE).

Dakshana Foundation[edit]

In 2005, Pabrai and his wife, Harina Kapoor started the Dakshana Foundation with the goal of recycling most of their wealth back to society.[5] Their starting point is to give back approximately 2%, or US$1 million every year.[6] The initial goal is the alleviation of poverty in India. The tool that has been chosen is to provide tutoring services to some of the least privileged members of Indian society, and to enable them to attend some of the elite institutions of higher learning.[1][7] Pabrai credits Anand Kumar, the founder of Ramanujan School of Mathematics[8] (also known as the Super 30) with the originating this idea.

In 2011, investor and Indian Institute of Technology graduate Prem Watsa joined the advisory board of the Dakshana Foundation. Other advisory board members include Amitabh Singhi and Sunil Bhargava. Guy Spier is a former member of the advisory board.

References[edit]

  1. ^ a b Duttagupta, Ishani (6 June 2010). "Dakshana Foundation: Helping the poor to crack IIT". The Economic Times. Retrieved 12 October 2013. 
  2. ^ "Bio-MP". Anderson.ucla.edu. Retrieved 2012-03-25. 
  3. ^ "Kurt Salmon". Kurt Salmon. 2007-08-19. Retrieved 2012-03-25. 
  4. ^ [1][dead link]
  5. ^ "About the Dakshana Foundation". Retrieved November 20, 2011. 
  6. ^ Kristin Kloberdanz (Jan 12, 2012). "A Disciple of Warren Buffett's Finds His Own Way of Giving Back". Time Magazine. 
  7. ^ "A Letter from Mohnish Pabrai". Retrieved November 20, 2011. 
  8. ^ "An Awakening In Bihar How one rural school helps prepare poor youths for the Indian Institutes of Technology". Business Week. 

Regulatory Filings[edit]

External links[edit]