What Mohnish Pabrai Learned from the '08 Financial Collapse

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Dec 31, 2012
Pabrai feels that he was caught flat-footed by the stock market collapse as he was fully invested and had no dry powder to take advantage of opportunities that offered 5 times or more on the upside.

He shares his experiences from fourth quarter 2008 when he was able to redeploy proceeds from his Fairfax Financial investment which actually profited from the collapse: