Mohnish Pabrai, an Indian-American investor and founder of Pabrai Investment Funds, credits his success to emulating Warren Buffett s investment principles. Pabrai s journey, marked by substantial returns and strategic bets, showcases the efficacy of Buffett s methods. Known for his high-return investments and avoidance of startups and IPOs, Pabrai s approach emphasizes value investing and selectivity. His net worth and insights on investment strategies highlight the power of disciplined, long-term investing.
Mohnish Pabrai, a 58-year-old Indian-American businessman, investor, and philanthropist born in Bombay, has amassed billions of dollars by emulating Warren Buffett's investment strategy. In 2008, Pabrai, along with his close friend and fellow investor Guy Spier, collectively spent $650,000 to secure a lunch meeting with Warren Buffett.
Foreign portfolio investors increased stake in One97 Communications, parent company of Paytm, by over 2 percentage points to 20.64 per cent in the March 2024 quarter.
Nicomac Machinery Private Ltd, an entity connected to the former promoter of the company Dr Ravi Penmetsa, sold its entire 19.55 lakh shares, a 1.19 percent stake at an average price of Rs 1735.31.
According to data from the NSE, Lakumi Trust divested 61.65 lakh shares of Gland Pharma, while Nicomac Machinery sold over 19.55 lakh shares, representing a 3.74 per cent stake and a 1.18 per cent stake in Gland Pharma, respectively.