Mohnish Pabrai: Swing hard

Inaction and patience are very important traits, but they need to be coupled with decisiveness and willingness to act in size. So it’s an unusual kind of trait to have someone who’s happy watching the paint dry; but then when all the ducks line up, you swing hard…. The key is if you’re not convinced you’re looking at a no-brainer, take a pass.”

—Mohnish Pabrai.