August 29, 2018

Volatility is the friend of a long-term investor: Mohnish Pabrai

You run a highly-concentrated portfolio. Rain Industries and Fiat Chrysler make up for almost 45% of your portfolio...

Out of about $700 million of Pabrai funds, $400 million is three stocks — Fiat Chrysler, Rain Industries and Sunteck. In both Rain and Sunteck, we own 10%. They were all bought at what I would call a PE of 1 or less. All of these have gone up quite a bit since we bought them. We have decent amount of cash, but we have what I would call some great busines ..

Read more at: http://economictimes.indiatimes.com/articleshow/65570377.cms

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