When Monish Pabrai launched Dakshana in 2007 with net worth over $50 million, he committed to giving 2% annually (cloning Warren Buffett's giving formula), which provided at least $1 million per year and enough 'ammunition' to do something meaningful; he fully expected to lose money for 10 years before gaining traction in year 11.
factualpending
Speaker
Monish PabraiEvidence Quote
“in 2007 uh when our net worth was over 50 million uh I said okay I don't want to wait till I'm 70 or 80 years old to start giving money away I'll give away 2% a year... I fully expected that every year whatever money we would put in would just disappear”
Source
Conversation with Mohnish Pabrai, M.P. at Pabrai Investment Funds (MIT Sloan/CAPD program)— MIT Career Advising & Professional DevelopmentCreated: 8/11/2026, 1:44:18 AM
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