AUTHOR: Mohnish Pabrai
RATING: 8.5 of 10
REVIEW by Davy Bui 06/15/2007
Select Highlights
Very good look at risk as permanent capital loss in the context of time opportunity cost, which I haven’t seen in other books
Organic use of “latticework” models to view investing from different perspectives, including even mythology as a way to illustrate investing concepts
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As much as I’d love to tackle the infighting among the Democrats, I’m actually referring to the divergence among some prominent value investors. Whitney Tilson, of T2 Partners / Value Investing Insight / the Value Investing Congress / Financial Times, posted a piece on Seeking Alpha about a possible dead-cat bounce in financials. [...]
Author: Bruce Greenwald
My Ranking: 9.0 of 10
What I Liked About It
Details several valuation methods that I haven’t seen in other non-academic, mainstream investing books.
Several real-world examples to apply valuation methods
Great treatment of brands vs. franchises
What Needed Work
Various investor profiles unnecessarily fill the 2nd half of the book.
Attempts at quantifying “franchise” value felt a bit forced.
Greenwald’s [...]
The market opens in a few minutes but Asia took another drubbing overnight, Europe seems to be calmer though.
During the last market sell-off in August, I was quite dismayed when my portfolio performance dropped slightly below the leading indices (which at the time was the Dow, if I recall). Now everything I’ve ever learned [...]
WSJ has an insightful interview with Sam Zell, discussing risk, the crazy domestic real estate market and his investing instincts. I’ve mentioned before a boss in a prior life, Phil Giarrizzo, talking about political campaigns and saying that after all the polling and surveys, at some point, you have to be able to “feel [...]
As I type this, the Dow is down 330+ points and all indices are negative 2% or so but I’m still having little luck finding interesting prospects. There are a few stocks coming into my zone as well as a new addition to the portfolio that still has a little further to drop before [...]
