Margin of Safety » Pabrai Funds http://amarginofsafety.com "...to distill the secret of sound investment into three words..." Fri, 26 Jun 2020 18:44:00 +0000 en hourly 1 http://wordpress.org/?v=3.2 Mohnish Pabrai Has Not Made an Investment in a New Idea in Over 18 Months http://amarginofsafety.com/2014/02/05/mohnish-pabrai-has-not-made-an-investment-in-a-new-idea-in-18-months/?utm_source=rss&utm_medium=rss&utm_campaign=mohnish-pabrai-has-not-made-an-investment-in-a-new-idea-in-18-months http://amarginofsafety.com/2014/02/05/mohnish-pabrai-has-not-made-an-investment-in-a-new-idea-in-18-months/#comments Wed, 05 Feb 2014 20:00:47 +0000 Ray Galkowski, CFA http://amarginofsafety.com/?p=1620 Continue reading →]]> Forbes once identified Mohnish as one of the investment managers who could assume the value-investing guru mantle from Buffett. In his 2013 Annual Letter, Pabrai wrote that he has not found a new idea in which to invest in over eighteen months. Such is the life of a contrarian value investor like Pabrai, Klarman, and PAR. When markets are rising like crazy (2013) they remain true to their discipline and refuse to participate (other than to reap the rewards of their old investment ideas and await the day when bargains will once again be available–i.e. when everyone else is selling).

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