Quote of the day by Mohnish Pabrai: "Investing is not a discipline based on absolutes or precise mathematics. There simply aren’t enough data points available to work out the exact odds"

Mohnish Pabrai says investing relies on judgment, patience and probability rather than certainty. He advises focusing on business fundamentals, managing risk and maintaining a margin of safety instead of chasing precise forecasts or short-term market movements for long-term wealth creation.