In this 2009 interview with Mohnish Pabrai by www.dnaindia.com, Pabrai discussed an interesting investment strategy:
I was searching for the published article of the “Ohio Professors” and was not very successful. If you happen to know what the paper Pabrai was citing, please let me know by commenting at the end of this article.
But at Gurufocus we do know plenty about what stocks Warren Buffett’s company Berkshire Hathaway bought and sold. 45 days after the end of each quarter, Berkshire will file with SEC their security holdings. Gurufocus is your authority in helping you making sense of the data.
During 2Q10, the latest report period, these are the top purchases by Berkshire:
No. 1: Johnson & Johnson (JNJ, Financial), Add: 2.21% of the portfolio - Total: 41,319,563 Shares
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $171.02 billion; its shares were traded at around $62.09 with a P/E ratio of 13.2 and P/S ratio of 2.8. The dividend yield of Johnson & Johnson stocks is 3.5%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
No. 2: Fiserv Inc. (FISV, Financial), Buy: 0.43% of the portfolio - Total: 4,400,000 Shares
Fiserv, Inc., a Fortune five hundred company, provides information management systems and services to the financial and insurance industries. Fiserv Inc. has a market cap of $8.15 billion; its shares were traded at around $54.27 with a P/E ratio of 14.2 and P/S ratio of 2. Fiserv Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Fiserv Inc. the business predictability rank of 3-star.
No. 3: Becton Dickinson and Company (BDX, Financial), Add: 0.02% of the portfolio - Total: 1,889,889 Shares
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $17.08 billion; its shares were traded at around $73.58 with a P/E ratio of 14.5 and P/S ratio of 2.4. The dividend yield of Becton Dickinson And Company stocks is 2%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.
No. 4: Iron Mountain Inc. (IRM, Financial), Add: 0.01% of the portfolio - Total: 8,000,000 Shares
Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain Inc. has a market cap of $4.17 billion; its shares were traded at around $20.7 with a P/E ratio of 20.3 and P/S ratio of 1.4. The dividend yield of Iron Mountain Inc. stocks is 1.2%. Iron Mountain Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Iron Mountain Inc.the business predictability rank of 4-star.
No. 5: Nalco Holding Company (NLC, Financial), Add: 0.01% of the portfolio - Total: 9,150,000 Shares
During the past century, Nalco Holding Company has grown from a fledgling water treatment business to a provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. Nalco Holding Company has a market cap of $3.57 billion; its shares were traded at around $25.78 with a P/E ratio of 20.8 and P/S ratio of 1. The dividend yield of Nalco Holding Company stocks is 0.5%. Nalco Holding Company had an annual average earning growth of 4.5% over the past 5 years.
To check out Berkshire’s complete trading and selling activities, click: http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett. This information is a bit outdated, so check back around November 15 for the 3Q10 buys and sells.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Mohnish Pabrai for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
How much of Warren Buffett’s success can be attributed to his investment prowess and how much to the fact that he is Warren Bufett?
Well the thing is you could have invested even after Buffett had invested and you could have made six times the money out of it.
In fact there are a couple of professors in Ohio, who studied any stock that Warren Buffett bought, if you bought on the last day of the month, when it was public that he owned that stock, and you sold it after it was public that he had started selling it, you would have generated north of 20% annual rate of return.
I would say that we will never see another Warren Buffett. Just like we will never see any Albert Einstein or another Mahatma Gandhi. Buffett is a very unique individual. His skillsets outside of investment are phenomenal but they get dwarfed by his investing skills. The main thing that makes Warren Buffett Warren Buffett is that he is a learning machine who has worked really hard for, let’s us say seventy years, and is continuously learning every day.
So the thing is if you want to be like Buffett, there is no short cut. First of all, you have to be deeply interested in investing and you have to be very willing spending tens of hours, hundreds of hours, reading the minutiae. There is a very famous value investor called Seth Klarman. He is into horse racing. And his famous horse is called Read the Footnotes.
I was searching for the published article of the “Ohio Professors” and was not very successful. If you happen to know what the paper Pabrai was citing, please let me know by commenting at the end of this article.
But at Gurufocus we do know plenty about what stocks Warren Buffett’s company Berkshire Hathaway bought and sold. 45 days after the end of each quarter, Berkshire will file with SEC their security holdings. Gurufocus is your authority in helping you making sense of the data.
During 2Q10, the latest report period, these are the top purchases by Berkshire:
No. 1: Johnson & Johnson (JNJ, Financial), Add: 2.21% of the portfolio - Total: 41,319,563 Shares
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $171.02 billion; its shares were traded at around $62.09 with a P/E ratio of 13.2 and P/S ratio of 2.8. The dividend yield of Johnson & Johnson stocks is 3.5%. Johnson & Johnson had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 4.5-star.
No. 2: Fiserv Inc. (FISV, Financial), Buy: 0.43% of the portfolio - Total: 4,400,000 Shares
Fiserv, Inc., a Fortune five hundred company, provides information management systems and services to the financial and insurance industries. Fiserv Inc. has a market cap of $8.15 billion; its shares were traded at around $54.27 with a P/E ratio of 14.2 and P/S ratio of 2. Fiserv Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Fiserv Inc. the business predictability rank of 3-star.
No. 3: Becton Dickinson and Company (BDX, Financial), Add: 0.02% of the portfolio - Total: 1,889,889 Shares
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $17.08 billion; its shares were traded at around $73.58 with a P/E ratio of 14.5 and P/S ratio of 2.4. The dividend yield of Becton Dickinson And Company stocks is 2%. Becton Dickinson And Company had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Becton Dickinson And Company the business predictability rank of 4.5-star.
No. 4: Iron Mountain Inc. (IRM, Financial), Add: 0.01% of the portfolio - Total: 8,000,000 Shares
Iron Mountain Incorporated is one of the world's largest records and information management services company. Iron Mountain Inc. has a market cap of $4.17 billion; its shares were traded at around $20.7 with a P/E ratio of 20.3 and P/S ratio of 1.4. The dividend yield of Iron Mountain Inc. stocks is 1.2%. Iron Mountain Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Iron Mountain Inc.the business predictability rank of 4-star.
No. 5: Nalco Holding Company (NLC, Financial), Add: 0.01% of the portfolio - Total: 9,150,000 Shares
During the past century, Nalco Holding Company has grown from a fledgling water treatment business to a provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. Nalco Holding Company has a market cap of $3.57 billion; its shares were traded at around $25.78 with a P/E ratio of 20.8 and P/S ratio of 1. The dividend yield of Nalco Holding Company stocks is 0.5%. Nalco Holding Company had an annual average earning growth of 4.5% over the past 5 years.
To check out Berkshire’s complete trading and selling activities, click: http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett. This information is a bit outdated, so check back around November 15 for the 3Q10 buys and sells.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Mohnish Pabrai for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
