Mohnish Pabrai

Mohnish Pabrai

Last Update: 05-13-2016

Number of Stocks: 8
Number of New Stocks: 1

Total Value: $345 Mil
Q/Q Turnover: 8%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Mohnish Pabrai Watch

  • Value Investing, Taught by 6 Superinvestors

    Recently I bumped into this great free value investing course offered by Udemy. (link here)


    I like it so much that I decided to share it with our readers.

      


  • 4 Things Billionaire Investors Have in Common, Part 2

    This is part 2 of a four-part series of short articles (click here to read part 1). Each article sets out to explain an important trait that billionaire investors have in common. The goal of these articles is to explain simple concepts that the best investors in the world use and you can implement today. Success leaves clues and one of the best ways to learn is to deconstruct and reverse engineer what the best in the world do. So let’s get to it.


      


  • Mohnish Pabrai's University of California Lecture

    If you are a value investor and Warren Buffett fan, you can't help but love Mohnish Pabrai.


    For a decade and a half Pabrai has been beating the market with a concentrated value approach.

      


  • Why Personal Finance Matters to Investors

    Personal finance and investing are not mutually exclusive. If you want to invest, then make sure you have your personal finances in order first. I know, I know, it's boring. But I have just the cure. This post is designed to teach you the important principles in a fun and different way, using simple parables that never seem to lose relevance.


    Talking points

      


  • Fiat Chrysler Recalls Vehicles Over Transmission Problems

    London-based Fiat Chrysler Automobiles (NYSE:FCAU), the seventh-largest automaker in the world, announced Friday that it would recall more than 1 million vehicles because they can roll abruptly and, as a result, cause damage and/or injuries if the transmission is being used incorrectly.


    The recall was issued after a reported 41 injuries were connected to problems with the automatic gearshifts. The gearshift indicator has been redesigned for all models.

      


  • Mohnish Pabrai Sells Out Horsehead Holdings

    Guru Mohnish Pabrai (Trades, Portfolio) is an engineer, investor, author, philanthropist and he also loves to play bridge competitively. Pabrai attributes much of his investment philosophies to Roger Lowenstein’s book called "Buffett: The Making of an American Capitalist." The most impactful quote that Pabrai learned from reading Lowenstein’s book was “I am a better business man because I am an investor, and I’m a better investor because I am a businessman.”


    It was at this time in 1994 when Pabrai learned that there is an interplay between investing and business. Pabrai has been a very big advocate of the company Horsehead Holding Corp. (ZINCQ). In the third quarter of 2015, he owned 8,300,131 shares of the company. Since then Pabrai has been slashing his position is Horsehead and in the first quarter of 2016, Pabrai finally decided to sell out his remaining shares of the company.

      


  • What Is Downside?

    One of the most quoted sayings in investing goes like this: “If you take care of the downside, the upside will take care of itself.”


    This sounds so simple. People say they control risks by considering the downside in every investment and they make decisions based on the so-called risk-reward ratio – risk being the downside and reward being the upside. Very few investors appropriately implement the idea of taking care of the downside. Even many of the gurus listed on this forum failed to heed this piece of timeless wisdom.

      


  • Mohnish Pabrai on Position Sizing

    In his book, "The Dhandho Investor," Mohnish Pabrai (Trades, Portfolio) suggests the size of our bets in an approach to reap most of the benefits of concentrated allocations. In practice, however, even Pabrai has switched back and forth on his suggestion, finally arriving at a revised methodology that enables him to maximize profits and minimize risk, the classic "heads I win tails I don't lose much" approach he embraces. Here is what he said during a UC-Davis lecture in 2012:


      


  • Mohnish Pabrai Cuts Losses With Struggling Steelmaker Posco

    Value investor and author Mohnish Pabrai (Trades, Portfolio) purchased a new holding in Berkshire Hathaway (NYSE:BRK.B) during the fourth quarter — his only new investment during the period. Pabrai also threw in the towel with another notable holding, South Korean steel maker Posco (NYSE:PKX).

    Pabrai closed a previous position in Berkshire back in the first quarter, selling the holding for an average of $147.23 per share. Over the past year, Warren Buffett (Trades, Portfolio)’s holding company has declined 15% in price, and Pabrai took the opportunity to purchase 87,006 shares during the fourth quarter for just $134.21 per share.  


  • Mohnish Pabrai on the 'Nifty Fifty'

    Mohnish Pabrai (Trades, Portfolio) gave a presentation in December at MDI Gurgaon in India. During the presentation Pabrai discussed the new Nifty Fifty, 50 stocks that traded on the NYSE during the 1950s and 60s that were widely regarded as buy-and-hold growth stocks. Pabrai also discussed value investing and Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio). His college presentations are always insightful and informative.


      


  • Pabrai Trims Stake in Horsehead Holding

    After adding to his stake in Horsehead Holding Corp. (ZINC) five times between July 22 and Aug. 21, guru Mohnish Pabrai (Trades, Portfolio) reduced his stake by nearly 16% on Jan. 20.


    Pabrai sold 1,012,517 shares of the Pittsburgh-based zinc producer for an average price of 45 cents per share. The transaction left Pabrai with a stake of 5,320,779 shares and dropped him from the position of leading shareholder among the gurus to second behind HOTCHKIS & WILEY.

      


  • Mohnish Pabrai Explains Bubbles in Boston College Lecture

    Value investor Mohnish Pabrai (Trades, Portfolio) recently gave a presentation about stock market bubbles, including the motor, tronics and dot-com bubbles, for Boston College's Carroll School of Management.


      


  • The Top 10 Hits of 2015 That Are Packed With Value

    One year sounds like a long time.


    But if you break it down in 365 days or 52 weeks or 12 months, a year is an instant.

      


  • Checklists Can Help You Avoid Unnecessary Investment Mistakes

    One thing I have been working on to improve on my investment process is a checklist. Checklists are used in a number of fields from operating rooms to flight decks to great effect. Surgeon Atuwal Gawande has advocated their use in the bestseller the "Checklist Manifesto." That book is certainly one of the reasons I decided to put one together myself. Other inspirations were value investors Guy Spier and Mohnish Pabrai (Trades, Portfolio), who advocate the use of checklists in the investing world and the investment checklist developed by Pope Brar at Brar Investment Fund. I borrowed lots of items verbatim from the more extensive checklist he set up and which you can find here:


    brar.jpg

      


  • The Checklist Investor Crushing the Market by 1,100%

    With an outperformance of 1,100% compared to the market since inception in 2000, Mohnish Pabrai (Trades, Portfolio) is a classic value investor and household name.


    I heard about Pabrai around the time he and Guy Spier famously won a lunch with Warren Buffett (Trades, Portfolio) for $650,100 in 2008.

      


  • Collecting Inanities

    In his talk to Cal Tech students, Charlie Munger (Trades, Portfolio) mentioned that one of his hobbies was to “collect inanities.”


    It is fun to collect inanities because there’s never a shortage, and there are plenty of low-hanging fruits. This really applies to investing as well. But to me, collecting inanities is not fun enough; in order to get the most use out of those inanities, I’ve also collected the lessons from those inanities and added them to my checklist.

      


  • 'Bull' Booms and Busts from 1982 to 2004

    After researching Mohnish Pabrai (Trades, Portfolio) and Guy Spier and their investing philosophies, I decided to listen to their advice, and I read the book “Bull” by Maggie Mahar. Mahar has also written "Money-Driven Medicine," and she writes a blog on health at http://www.healthbeatblog.com/.


    In her book she discusses the dramatic boom of the Internet bubble and how short-term influence and fluctuation can affect people's judgment. She writes about how Henry Blodget went from being a relatively unknown young analyst at CIBC Oppenheimer in December 1998 to working as the head of research for Merrill Lynch in 2001.

      


  • 3 Investment Opportunities Both Insiders and Gurus Are Buying

    As I consider myself something of a cratedigger of a value investor, GuruFocus is a valuable source of information. I’m always looking for new ideas and one cool screen GuruFocus has is the Double Buy screen. It allows you to see which stocks have been bought by both gurus and insiders. Separately that is data I am already interested in but screening for both at the same time is beyond good. These are currently the top three stocks that come up on the screen:


    gurufocus.jpg

      


  • Mohnish Pabrai Builds His Position in Horsehead Holding

    Guru Mohnish Pabrai (Trades, Portfolio), an engineer, investor, author, philanthropist and competitive bridge player, has recently been increasing his holdings in Horsehead Holding Corp. (ZINC) adding an additional 1,287,178 shares in his portfolio.


    Mohnish Pabrai purchased the shares on the following dates at the prices listed below.

      


  • What I Learned From Value Investor Guy Spier

    A few months ago I was asked by the CFA Institute to give talks to CFA societies in London (Oct. 27), Zurich (Oct. 29) and Frankfurt (Nov. 3). I enjoy giving occasional talks (but only a few a year, otherwise they become a chore). I also love Europe — history, old buildings and cultures, museums, sometimes a mild adventure. But this offer was much more interesting — I was asked to give a joint presentation with Guy Spier.


    Guy Spier is a tremendous value investor who happens to be a good friend whose company I truly enjoy. He is the most cosmopolitan person I know. He was born in South Africa, spent his childhood in Iran and Israel, received his bachelor’s degree from Oxford and MBA from Harvard, lived in New York and in 2008 got sick of the New York hedge fund rat race and moved with his family to Zurich. His wife, Lory, is Mexican, so in addition to being fluent in languages of all the above-mentioned countries, he romances in Spanish.

      


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