My First Million

Mohnish Pabrai: How to be a top 1% investor

May 22, 2026·1h 46m·11-min readinterviewbusiness
Podzilla Summary (11 min)
TLDR
Less than 1% of Americans who actively pick stocks are good investors. The key to success isn't IQ or complex models, but temperament — patience, humility, and the ability to act decisively only when conditions are perfect. Investing is less about constant action and more about waiting for

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Guest

M

Mohnish Pabrai

interview on My First Million

Mentions

Books, people, and resources mentioned in this episode.

People

Mohnish PabraiShaan PuriWarren BuffettCharlie MungerRick GuerinSam WaltonEd ThorpeKen GriffinGuy SpearJack Skeen

Books

One Up on Wall Streetby Peter LynchThe Story of My Experiments with Truthby Mahatma Gandhi

Companies

Berkshire HathawayCompany led by Mark Leonard that acquires and integrates vertical market software businesses.Citadel

Topics

Business ModelsEntrepreneurshipInvestingLeadershipPersonal FinanceSelf ImprovementStock Market

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