Money and Finance
- Mohnish Pabrai's Clemson Presentation
Link to: Mohnish Pabrai's Clemson Presentation ................. Related previous post: Mohnish Pabrai's Boston College Presentation [H/T ValueWalk] ...
- 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...
- Mohnish Pabrai Interview Segments On The Motley Fool
Thanks to Will for passing these along. Links to: Checklist Investing: How to Avoid Errors and Learn From Mistakes The Number One Trait of a Successful Investor How Investors Should Think About the Economy The Untraditional Path of Becoming a Great Investor...
- A Disciple Of Warren Buffett's Finds His Own Way Of Giving Back
When Mohnish Pabrai was a child he was lucky enough to attend an elite private school in his hometown of Mumbai, India. For several years, he sat next to a classroom window that overlooked an immense slum that flooded during monsoons and blistered in...
- Whitney Tilson: Investors Will Miss Out If They Confuse Uncertainty With Risk
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn’t mean avoiding it – on the contrary, it is often fuzziness about a company’s future that creates the type of opportunity bargain-hunting investors...
Money and Finance
Value Investing Congress - Speaker Picks
All of the presented ideas are located on the Value Investing Congress Blog. Here's a couple of them:
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Sellers and Fasciani presented the case for Vulcan Materials (VMC, $66):
• Demand for aggregate materials (asphalt related) will grow as US infrastructure (bridges, roads, etc) are in need of repair.
• The aggregate industry suffers from the “Not in my back yard” syndrome, so new mines are not being opened quickly enough. Plus, it takes five years, an onerous amount of permits, and $100 million to open a new mine.
• With growing demand for aggregate material, and desperate needs for infrastructure improvements in the US, Vulcan is well positioned to be a beneficiary.
• Sellers and Fasciani believe the stock is worth at least $90.
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Mohnish Pabrai - Pabrai Funds
Pabrai began by reiterating the notion that we as investors or entrepreneurs should look for opportunities with low risk but high uncertainty. If your risk is low, losses will be not break you. Since Wall Street hates uncertainty, it tends to misinterpret certain situations and companies, over-punishing them in the process. This gives patient, diligent value investors a potential advantage.
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Pabrai’s favorite idea was Wellcare (WCG, $46.49), whose shares slid from 128 to 21 in a very short time frame, following a raid and seizure of documents and materials by 200 federal agents related to potential excess Medicare billings.
• Pabrai became interested when it was disclosed in a 13G filing that Fairholme Funds took a 16% stake in Wellcare, following the raid
• Believes that ultimate damage to the company from allegations/penalties will be minimal
• Wellcare has loads of cash, and a solid, growing business
• Currently trading around $46, Pabrai believes it may be worth in the $93-$108 range
- Mohnish Pabrai's Clemson Presentation
Link to: Mohnish Pabrai's Clemson Presentation ................. Related previous post: Mohnish Pabrai's Boston College Presentation [H/T ValueWalk] ...
- 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...
- Mohnish Pabrai Interview Segments On The Motley Fool
Thanks to Will for passing these along. Links to: Checklist Investing: How to Avoid Errors and Learn From Mistakes The Number One Trait of a Successful Investor How Investors Should Think About the Economy The Untraditional Path of Becoming a Great Investor...
- A Disciple Of Warren Buffett's Finds His Own Way Of Giving Back
When Mohnish Pabrai was a child he was lucky enough to attend an elite private school in his hometown of Mumbai, India. For several years, he sat next to a classroom window that overlooked an immense slum that flooded during monsoons and blistered in...
- Whitney Tilson: Investors Will Miss Out If They Confuse Uncertainty With Risk
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn’t mean avoiding it – on the contrary, it is often fuzziness about a company’s future that creates the type of opportunity bargain-hunting investors...