Money and Finance
- Links
A good article from Mohnish Pabrai, 13 years ago: Buffett Succeeds at Nothing Michael Mauboussin: Common Investor Biases and Where They Come From [H/T ValueWalk] (LINK) Kyle Bass on China's looming banking crisis and the U.S. economy (LINK) The Increasingly...
- Links
Michael Lewis on Charlie Rose discussing Flash Boys, one year after publication (video) (LINK) How to Succeed in Life, the Warren Buffett Way (LINK) Things You Didn’t Know About Buffett’s Strategy (LINK) Warren Buffett and 3G May Have One Barrier...
- Mohnish Pabrai Interview With Outlook India
Found via the Corner of Berkshire & Fairfax. Mohnish Pabrai is used to making investment pilgrimages. The ace investor is a regular at Warren Buffett’s annual Berkshire Hathaway meeting as well as at the Value Investing Congress that is held every...
- Looking Up To Warren Buffett
IT OFTEN SEEMS like every hedge-fund manager is reading from the same playbook about how to look, work and behave. Neatly pressed khakis; thumbs glued to a BlackBerry; slick digs in Greenwich or Manhattan staffed by number-crunching research drones. But...
- Some Questions On An Above Average Interesting 13-f Season
A great business less from Peter Drucker- it's amazing what you can achieve as a team if you don't care who gets the credit. A related theme for individual investors is - its amazing the ideas you can uncover if you don't mind cloning. This...
Money and Finance
Buffett Disciple Mohnish Pabrai on Bank of America, Citi, Google, and Hyundai
Link to article: Buffett Disciple Mohnish Pabrai on Bank of America, Citi, Google, and Hyundai
“I have heard [Warren Buffett’s business partner] Charlie Munger more than once say that a well-diversified portfolio needs four stocks,” says Pabrai, in a phone interview from his office in Irvine, Calif.
Pabrai’s portfolios aren’t quite that concentrated. But the value hound is OK with buying a stock that makes up 10% of his fund house’s assets, and even letting it run a bit higher than that. He takes a go-anywhere approach, seeing opportunities ranging from the U.S. to South Korea.
...
Barrons.com: Would you say it is easier or harder to find cheaply valued stocks than it was, say, a year ago?
Pabrai: I would say it’s harder. We haven’t had any meaningful investments in U.S.-listed stocks in probably two years. I’ve found a few things, but they are just really small. The stocks that we have found of any meaning are all out of the U.S.
Q: Where?
A: I’ve found stocks in India, China and South Korea.
...
Q: In analyzing a business, are you also analyzing the country where the business is based?
A: Yes. For example, no matter how cheap it gets, we will not invest in Russia. There’s a lack of respect for capital. The same applies to Zimbabwe.
- Links
A good article from Mohnish Pabrai, 13 years ago: Buffett Succeeds at Nothing Michael Mauboussin: Common Investor Biases and Where They Come From [H/T ValueWalk] (LINK) Kyle Bass on China's looming banking crisis and the U.S. economy (LINK) The Increasingly...
- Links
Michael Lewis on Charlie Rose discussing Flash Boys, one year after publication (video) (LINK) How to Succeed in Life, the Warren Buffett Way (LINK) Things You Didn’t Know About Buffett’s Strategy (LINK) Warren Buffett and 3G May Have One Barrier...
- Mohnish Pabrai Interview With Outlook India
Found via the Corner of Berkshire & Fairfax. Mohnish Pabrai is used to making investment pilgrimages. The ace investor is a regular at Warren Buffett’s annual Berkshire Hathaway meeting as well as at the Value Investing Congress that is held every...
- Looking Up To Warren Buffett
IT OFTEN SEEMS like every hedge-fund manager is reading from the same playbook about how to look, work and behave. Neatly pressed khakis; thumbs glued to a BlackBerry; slick digs in Greenwich or Manhattan staffed by number-crunching research drones. But...
- Some Questions On An Above Average Interesting 13-f Season
A great business less from Peter Drucker- it's amazing what you can achieve as a team if you don't care who gets the credit. A related theme for individual investors is - its amazing the ideas you can uncover if you don't mind cloning. This...