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Mohnish Pabrai wins lunch with Warren Buffett at

July 01, 2007

Two investors put in the winning bid of $650,100 in a charity auction to break bread with billionaire Warren Buffett.

Mohnish Pabrai, who will put up most of the money, said Saturday that he's going to be well-prepared by the time he meets the famed investor at a New York steakhouse.

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Rating: 1.9/5 (9 votes)

Comments

billytickets
Billytickets - 12 years ago    Report SPAM
jealousy is the price that mediocrity pays"genius".Pabrai has gotten his "props" and money the hard way.HE EARNED IT.lol
musto
Musto - 12 years ago    Report SPAM


My guess is, Pabrai is going to ask for the CIO job.

My favorite for that job is Joel Greenblatt.

buffetteer17
Buffetteer17 premium member - 12 years ago
If I was 26 instead of 62, I'd apply for the CIO job.

My question for Mr. Pabrai:

How do you allocate capital between various good choices? Do you reduce the allocation fraction to more "risky" alternatives, even though they may have a higher "expectation value?" Do you "wing it" or do you have some sort of algorithm?
Valuemonkey
Valuemonkey - 12 years ago    Report SPAM
But Greenblatt is known for his special situations, concentrated investment style. Wouldn't he need to change his investment approach to realistically be able to put all that BRK money to work?

musto Wrote:

-------------------------------------------------------

> > My guess is, Pabrai is going to ask for the CIO

> job.

> My favorite for that job is Joel Greenblatt.

>


musto
Musto - 12 years ago    Report SPAM
Valuemonkey Wrote:

-------------------------------------------------------

> But Greenblatt is known for his special

> situations, concentrated investment style.

> Wouldn't he need to change his investment approach

> to realistically be able to put all that BRK money

> to work?

In my opinion he doesn't need to change anything about his style.

He's the ideal person for that job.

He's not only a great value investor, he's an all around nice guy. Besides, he doesn't

really need the money. He's already very wealthy, so if he accepted the job, his motives

would not be just material.

By the way, to put all that BRK money is not as complicated as it looks.

I'd say the most important characteristics of the CIO would have to be being cautious. He just needs to be conservative and patient most of the time, and only when the odds are stacked up in his favor he can go for the kill.

An intelligent value investor with the right temperament such as Greenblatt would do just fine.


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