Interview with deep value investor Monish Pabrai
- Thread starter makloda
- Start date
Just look at MOHNISH PABRI'S portfolio and look at the charts. You wonder why he is lucky to make 30% returns a year! I mean the stock charts are going sideways, some or downright losers and should be totally avoided.
If you invest like him say next week and hold your breathe for a year your misery would reach a climax very shortly. Why bother buying businesses cheap when they don't deliver? Time is money, buy those stocks that make money now. There is always a bull market somewhere as Crammer yells every night and he is right. Why stick with losers and downers just because you bought stock at 50% value than what it should be? Those companies don't deliver and that is the irony and when and IF they do deliver it can be great. You don'T have time for that.
Buying stocks in uptrend like VFC, GOOG, AAPL, RIMM, AMZN, WFC, DO, OIH, and others can yield spectacular results in a short time. There are lot more of those and they deliver, hence they are in a uptrend and in a bull market.
Food for thought.
How come BRK.A and BRK.B are range bound and in tight channel moving sideways while the bull market moves on?
If you just bought SPY and IWM this year you would have done better than those $110,000 and $3600 white elephants sitting on the wall !
It doesn't take a genius to see where the money has been or does it? This isn't rocket science my friend, this is common sense.
Warren Buffet and Mohnish Pabri may be great, but spending $600,000 on a piece of Rib eye at a fancy Bistro isn't that smart either.
I feel better its going to charity and not into someone's pockets. These rich guys keep giving it to each other, sort of ponzi scheme..
But you have not answered why BRK.A and BRK.B are not doing too well compared to our bull market at hand ?
I mean this is a stock that you would be envious to own, YES? Lots of people would.
No such thing as value investing. All stocks have value. What matters is how the market interprets it.
Makloda, if you just buy and hold why aren't you spewing about John Bogle? WHO CARES ANYMORE??? Furthermore, your argument of, "here's what happens..." is pointless because every trend following method I have heard of or looked at his involved SELLING in addition to buying. That goes without mentioning selling short!
Please, stop littering this community with any further cheering. This guy only manages $500mm anyway. By Hedge fund measures that isn't large. By Private Equity measures it is even smaller. By LONG-ONLY equity funds that is nothing more than a drop in the ocean.
So PLEASE stop cheering! Any value there might have been in your post was lost by the incessant cheering.
Please, stop littering this community with any further cheering. This guy only manages $500mm anyway. By Hedge fund measures that isn't large. By Private Equity measures it is even smaller. By LONG-ONLY equity funds that is nothing more than a drop in the ocean.
So PLEASE stop cheering! Any value there might have been in your post was lost by the incessant cheering.
Quote from makloda:
Here's a look at the past so you will get an idea what will happen to BRK.A relative to our current momentum darlings RIMM AAPL AMZN etc. the next time the markets get scared. Might not happen tomorrow, next month or even next year, but at some point it will happen:
