Mohnish Pabrai Lecture at Columbia University-My Notes

Posted on 20 CommentsPosted in Mohnish Pabrai, Superinvestors, Think Differently, Warren Buffett

Mohnish Pabrai is one of my favorite current value investors to follow. He has one of the best track records over the past 15 years. One of the reasons I like him is that he came to the hedge fund world from the business world. He never worked on Wall Street, and I don’t believe he has an MBA. He worked as an entrepreneur, starting his own company in his 20’s, and then selling it a few years later, pocketing […]

Intelligent Investor: Consistent Base Hits & The Occasional Home Run

Posted on Leave a commentPosted in Investment Philosophy

This is one of my favorite passages from The Intelligent Investor. It’s a passage that I immediately gravitated to when I first read it, and it does a nice job of summarizing how I think about my investment approach: methodically making many different investment decisions that as a group end up yielding excellent results over time. To use a baseball metaphor… I like getting on base as often as possible: hitting singles. I’m always prepared for the home run ball, […]

Mason Hawkins of Southeastern Asset Management at Ivey Business School

Posted on 2 CommentsPosted in Investment Philosophy, Superinvestors

I spent a lot of time in the car over the past few days. While I drive, I often spend time listening to videos or talks that investors or fund managers give. I bookmark these videos in a file, as many of them are 30-60 minutes or more, and I often don’t have the time to listen to them. But riding in the car allows me to catch up on these, and I enjoy it. One of the best places […]

Thoughts on Finding Value When Stocks Are Making New Highs

Posted on 3 CommentsPosted in Ben Graham, Investment Philosophy, Portfolio Management, Superinvestors, Think Differently, Walter Schloss

I’ve been traveling for the last two weeks, and thus the reason for the lack of posts. But I’ve been working and reading as usual, and actually have been active in making a few investments, despite the overall market climbing to new highs. I’ve mentioned this before, but it’s worth saying again… I put almost no emphasis on what the overall market is doing and where the indices are. I simply look for undervalued stocks. But regardless of the methods […]