Mohnish Pabrai is the Managing Partner of the Pabrai Investment Funds. Since inception in 1999 with $1 Million in assets under management, the Pabrai Funds has grown to over $500 Million in assets under management in 2012. The funds invest in public equities utilizing the Munger/Buffett Focused Value investing approach. Since inception, the funds have widely outperformed market indices and most investment managers. A $100,000 investment in Pabrai Funds at inception in 1999 would have been worth $651,400 as of September 30, 2012 – an annualized gain of 15.2% (versus 3.9% for the Dow). Pabrai was the Founder/CEO of TransTech, Inc. – an IT Consulting and Systems Integration company. Founded in his home in 1990, Pabrai bootstrapped the company to over $20 Million in revenue when it was sold in 2000. TransTech was recognized as an Inc. 500 company in 1996. Pabrai has been profiled by Forbes and Barron's and appeared frequently on CNN, PBS, CNBC, Bloomberg TV and Bloomberg Radio. He has been quoted by various leading newspapers including USA Today, The Wall Street Journal, The Financial Times, The Economic Times and The Times of India. He is the author of two books on value investing, The Dhandho Investor and Mosaic: Perspectives on Investing. The Dhandho Investor has been translated into German, Chinese, Japanese and Thai. Pabrai is the winner of the 1999 KPMG Illinois High Tech Entrepreneur award given by KPMG, The State of Illinois, and The City of Chicago. He is an active Member of the Young President's Organization (YPO). He is the Founder and Chairman of the Dakshana Foundation. The IITs in India have accepted over 340 impoverished Dakshana Scholars in the last four years. Mohnish strongly believes in a balanced life between work, family, and personal time. He enjoys spending time with his wife, Harina and children, Monsoon (16) and Momachi (15). He loves reading, playing duplicate bridge and being a value investor following Buffett/Munger principles. He lives in Irvine, California.