Mohnish Pabrai shares what he learned from having lunch with Warren Buffett and Charlie Munger:
From Munger:
1. Follow other top notch investors; study what they are doing and why they are doing it.
2. Focus carefully on the cannibals, the companies aggressively buying back their own stock.
3. Pay attention to spin-offs for opportunities.
From Buffett:
1. Patience.
2. Smart investors don’t need leverage, bad investors shouldn’t use it.
Mohnish Pabrai recommends using a pre-inventment checklist:
Mohnish Pabrai sharing his value investing ideas in this 30-minute Forbes interview:
Speak Your Mind