India: A Basket Case? Or A Buy?

Mohnish Pabrai, Managing Partner of the Pabrai Investment Funds, is finding more opportunities in India today than in the United States. According to the value investor's third-quarter letter to limited partners, a copy of which has been reviewed by ValueWalk.

In the letter, Pabrai states, "Even though the Indian equity markets are at record highs, I am still finding the occasional deeply undervalued security in India. I love what we own in India." 31% of assets under management are invested in India with only 12% (divided between . . .

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