Currently, Mohnish Pabrai is running a $500+ million dollar investment fund he built from scratch (see our Cloning Investments 101 guide), but prior to his successful entrepreneurial streak starting he was just an average office-bound employee working in IT. 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 for US$20 million.
His 2012 Talk at the Ben Graham Centre for Value Investing is by far one of the best talks we have ever watched. So much so that we have decided to painstakingly put together a full transcript of it in spite of the quality.
In this talk he covers key mental models he uses, his path to becoming an entrepreneur (which we discuss in How to Start a Business While Working, and his cloning investment process (which we also cover in Cloning Investments 101).
We hope you enjoy!