Mohnish Pabrai

Mohnish Pabrai

Last Update: 11-12-2015

Number of Stocks: 7
Number of New Stocks: 0

Total Value: $377 Mil
Q/Q Turnover: 0%

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

Mohnish Pabrai Watch

  • 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.


  • The Most Important Thing – Recognizing One’s Biases

    It is a well-known fact that the human race in general, and those of us who invest in particular, suffer from a broad range of biases – some of which can even be detrimental to your well-being and/or bank account.

    The one I want to explore in this discussion is the so-called confirmatory bias. It can manifest itself in a few ways, for instance, as the unwillingness to change your mind when the facts change. It can also cause you to misinterpret evidence that goes against the opinion we have already formed about a given stock, which causes investors to become overconfident. In short it makes you unable to view the facts in the correct light, because you have already made up your mind.


  • MasterMind Group Podcast Weighs Timely Topics

    Once every quarter the InvestorsPodcast holds its annual MasterMind Group, which examines various topics in a open forum over Skype. During its 54th episode the group talked about Japan Stock Market, Warren Buffett (Trades, Portfolio) and Mohnish Pabrai's (Trades, Portfolio) annual meeting with limited partners.

    MasterMind Group Podcast:


  • Should We Devote Attention to Market Factors?

    Being too far ahead of your time is indistinguishable from being wrong.


  • Mohnish Pabrai Sells Stake in Citigroup

    Value investor Mohnish Pabrai (Trades, Portfolio), managing partner of Pabrai Investment Funds, has a history of investing in out-of-favor smaller companies, but, for the first quarter in more than a year, he neither bought a new stake nor added to an existing one in his portfolio.

    It has been noted, however, that he tends to maintain a concentrated portfolio, typically containing fewer than two dozen stakes. In the second quarter, the number of stakes in Mohnish Pabrai (Trades, Portfolio)’s portfolio went down by one – to seven.


  • The Game Of Bridge and Investing – A Conversation Including Mohnish Pabrai

    What is it about the game of bridge that great investors find so interesting?

    Bill Gates (Trades, Portfolio) and Warren Buffett (Trades, Portfolio) are both avid players.


  • Why I Bought More Of Horsehead Holding After The 15% Drop

    Horsehead Holding Corp (NASDAQ:ZINC) is the largest zinc producer in the United States and a leading maker of zinc value-added products like zinc oxide and zinc powder. Globally Horsehead holding is the largest producer of zinc from recycled sources. Horsehead has just finished building a solvent extraction/electro winning production facility which is central to this investment idea. Horsehead was formed only 12 years ago but its predecessor companies, New Jersey Zinc Company and the St. Joe resources company, have been in zinc production since the 1800s. On 7-6-2015 the stock fell 20% without any news. After checking for news updates, I decided this created an attractive entry point but was unable to get shares at the absolute bottom of the day as the stock bounced back a little. Given the fundamentals it looks to be an excellent entry point to me and I've taken the opportunity to lower my cost base.

    Financial strength


  • Pabrai Funds 2014 Investor Meeting Notes

    Pabrai Investment Funds Annual Meeting Notes – 2014

    — September 21, 2014


  • Q&A At The Pabrai Investment Funds Annual Meeting 2014

    Question & Answers

    Question: Why did you invest in Chesapeake Energy (CHK) and what were your reasons to exit?


  • The Dhandho Framework

    While reading "The Dhandho Investor" by Monish Pabrai, I encountered chapter 5 to be extremely enlightening since it provides nine simple steps that constitute the framework for the Dhandho investor.

    Focus on buying an existing business


  • The value investor’s tool box

    We at Gurufocus have quite a solid idea as to what a value investor is, what he does and how he approaches investing. Nevertheless, I have compiled a list of tools that I believe should be in every Value Investor’s toolbox, and as such are the key skills needed to achieve outperformance, and continue to improve as a value-investor.

    The following is my humble attempt at identifying, analyzing and synthesizing the keys to effectively and continually beat the market.


  • Mohnish Pabrai Cuts Stake in Citigroup, Adds to POSCO

    Mohnish Pabrai (Trades, Portfolio) is the managing partner of Pabrai Investment Funds, which oversees a group of focused value funds. During the first quarter, Pabrai added to his holdings in two stocks, while trimming two others, according to GuruFocus Real Time Picks.

    Pabrai runs a concentrated portfolio with just eight stocks; his two largest holdings are automobile companies Fiat Chrysler (NYSE:FCAU) and General Motors (NYSE:GM).


  • Outcomes Versus Reasons

    One of the things that I find absolutely fascinating in the investing world is that most investors judge whether an investment decision was right or wrong solely by the outcome. If the outcome is favorable then the decision was a great one and if the outcome is adverse, then the decision was a poor one. What is often neglected is the fact that in life and investing, we are often “right for the wrong reason” or “wrong for the right reason.”

    Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) have repeatedly emphasized the importance of being rational in investing. I think, in order for us to be rational, it is imperative that we separate the result from the decision, even though it seems counterintuitive to do so.


  • Bank of America: Following Mohnish Pabrai's Recommendation on Banks

    Bank of America Corporation (NYSE:BAC) does not require a great introduction. The bank provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide.

    One of the largest shareholders of Bank of America is Mohnish Pabrai (Trades, Portfolio), who was selling off one-third of his stake (31%) on the fourth quarter to 3.15 million shares held as of the end of 2014. Buffett Disciple tells Barron's last year “that, if a bank has proper reserves and it’s trading well below tangible book value, that is an undervalued bank".


  • TiE SoCal: Fireside Chat With Investment Guru's

    TiE SoCal had a fireside chat with investment gurus which included Mohnish Pabrai (Trades, Portfolio) and three other top investment managers. They discuss investments, the market and other various subjects.


  • TiE SoCal Fireside Chat With Mohnish Pabrai

    Everyone knows about Mohnish Pabrai the hedge fund manager. But were you aware that he was first a very successful entrpreneur.

    TiE SoCal is a non-profit organization that supports entrepreneurs like Pabrai. In the video below Monish donates his time to the organization for a fireside chat.


  • Star Value Investor Mohnish Pabrai Explains Why Investing Is Nothing Like Brain Surgery

    Mohnish Pabrai (Trades, Portfolio) is used to making investment pilgrimages. The ace investor is a regular at Warren Buffett (Trades, Portfolio)’s annual Berkshire Hathaway meeting as well as at the Value Investing Congress that is held every year in New York. This year, too, Pabrai has made the trip from his Irvine, California, office on the West Coast to check if he is missing out on anything. That is enough opportunity for us to catch up with him at the Marriott Marquis Hotel, on New York’s Times Square. The Marquis raked up much controversy when it was being built, but is now famous for housing New York’s only rooftop revolving restaurant. Pabrai’s investing style, however, has been anything but controversial. His cloning strategy, which almost anyone can implement but not many do, has made Pabrai a multi-millionaire many times over. All those millions are now being put to very good use through his Dakshana Foundation. It seems then he has decided to not only clone Buffett’s investing style but also his intent to give away most of his riches to causes that matter. Make no mistake, though, while the thought is benevolent, return on investment is still the driving factor.

    What prompted you to get into investing? You were a techie and then you had your own business before you became an investor.


  • A Presentation from Mohnish Pabrai

    Ben Graham was the father of value investing and a great teacher of what he practiced.

    His student Warren Buffett (Trades, Portfolio) has followed in his footsteps, and through his shareholder letters and annual meeting, he has educated a generation of investors.


  • Mohnish Pabrai's December 2014 talk to Sanjay Bakshi's MDI class

    Mohnish Pabrai (Trades, Portfolio)'s December 2014 talk to Sanjay Bakshi's MDI class  

  • Mohnish Pabrai Puts a Third of Portfolio in Fiat, Buys Google in Q4

    Investor Mohnish Pabrai (Trades, Portfolio) runs a concentrated portfolio at his Pabrai Investment Funds with just 11 stocks, two of which he added in the fourth quarter. Pabrai’s portfolio had a value of $552 million at quarter-end.

    Almost a third of Pabra’s portfolio consists of stocks in the Consumer Cyclical sector, at 29.4%. He also has a significant portion invested in Financial Services, at 22.8% of the portfolio, followed by Basic Materials at 21.6%.


Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)