12 Apr 2010 Video/Transcript: Mohnish Pabrai interviewed by Steve Forbes ( Portfolio )
Forbes: So summing up in terms of what do you think do you bring to value investing that others perhaps don't, that give you a unique edge?

Pabrai: I think the biggest edge would be attitude. So you know, Charlie Munger likes to say that you don't make money when you buy stocks. And you don't make money when you sell stocks. You make money by waiting. And so the biggest, the single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch and waiting for many years for the right pitch.