After 10.1% Return In 2020, Mohnish Pabrai Changes Strategy [2020 Letter]Rupert Hargreaves
Mohnish Pabrai's flagship hedge fund, the Pabrai Investment Fund II, returned 29.6% in the second half of 2020.
Following this performance, the fund returned 10.1% net for the year, underperforming the S&P 500 but outperforming the Dow Jones Industrial Average, which returned just 9.7%.
According to a copy of the investment manager's year-end letter to investors, following this return, the fund . . .
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