Mohnish Pabrai is widely considered to be one of the best value investors managing money today. He runs the Pabrai Investment Funds, a group of hedge funds modelled on Buffett’s original partnerships. Returns since inception
Continue ReadingCategory: General Investing
Seth Klarman On Catalysts In Value Investing
One of the most frustrating scenarios to be faced with as an investor is a stagnant stock price. You’ve done all the hard work, analysed the company correctly, invested at a deep discount to intrinsic
Continue ReadingExtract From The Upcoming Hidden Value Stocks Q1 2019 Issue
An extract from the Q1 2019 issue of Hidden Value Stocks. The issue features two interviews with emerging hedge fund managers, Gate City Capital Management and Breach Inlet. This is an extract from the interview
Continue ReadingLessons From The Collapse of Flybe
There are only two things investors can control when it comes to investing in the public equity markets. Firstly, the price paid for the security you have decided to include in your portfolio and secondly,
Continue ReadingThe Permanent Portfolio And Joel Greenblatt’s Big Secret
I recently wrote an article for Gurufocus.com on an asset allocation strategy called the ‘Permanent Portfolio’ (PP). For readers who don’t know, or who haven’t heard about this portfolio approach before, it was first published
Continue ReadingNegative Shareholder Equity Isn’t All That Bad After All
In many respects, the style of value investing is built around shareholder equity and book value. Benjamin Graham and David Dodd built their net-nets investment strategy on book value, with the logic that if you
Continue ReadingLosing It All Pt.4: Benjamin Graham
No series on the mistakes of the world’s greatest investors would be complete without looking at the mistakes made by the Godfather of value investing Benjamin Graham, in the early part of his career. Losing It
Continue ReadingLosing It All Pt.3
Warren Buffett is considered to be the world’s best investor. Over the course of his career, he’s achieved outstanding returns for investors (and himself) buying undervalued stocks. He’s also achieved the best investment hit rate
Continue ReadingLosing It All Pt. 1
I’ve noticed something interesting covering famous investors over the years. A large number of investors, who’ve then gone on to make enormous sums have, at some point in their careers, lost it all. It is
Continue ReadingDhando Investing
Mohnish Pabrai’s excellent book on investing The Dhandho Investor, (which I’m currently in the process or re-reading) should be required reading for all investors. This book is not a how-to investment guide, nor is it particularly focused on
Continue Reading