Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist. He was born in Bombay (Mumbai), India, on June 12, 1964. He is the founder and managing partner of Pabrai Investment Funds, a value-oriented investment firm that manages over $1 billion in assets, some of his major rules that Mr. Mohnish Pabrai followed in his business and investing career can be checked below:

·  India is full of investment opportunities: According to Mr. Mohnish Pabrai, compared to other countries India has so many companies listed, it isn’t possible to keep track of, to every analyst. There are more than 6000+ companies in India publicly listed. So, compared to other countries there are more mispriced and undervalued stocks and companies as opportunities.

·  It is better to buy a growing company over a cheap no growth company over a cheap no growth company: If you’re investing in such a company which isn’t growing at all and is listed on cheap valuation compared to market, there is a possibility of no profit margin at all. But there is a better chance of having good stocks if you invest in growing company as there is also more opportunities for a great return.

·  It is a waste of time looking for anything other than multi-baggers: As According to Mr. Mohnish Pabrai, there are thousands of companies listed and our duty is to do nothing and sit most of the time, and when you find a good mispriced opportunity, grab it and just sit with patience. You don’t find multibagger opportunity daily and when you find them you shall grab them.

·  Concentrate on individual companies, don’t pay attention to the market: Returns are always dependent on how a business is performing in the long term, how it is growing. What and how a market is running has no much impact on a company’s business and returns. Don’t focus too much on the market and focus more on individual companies.

·  Don’t sell when you get good returns, sell when the fundamentals of the business are deteriorating: Mr. Mohnish Pabrai says when he started investing in the stock market, he used to sell the stock after it reached a good price but later then he observed those same stocks getting multiplied in later days. So, from that mistake he learned that while a stock price is rising and you’re getting good returns, don’t sell it but sell when the company’s performance and fundamentals start to deteriorate.