Mohnish Pabrai: “Heads I Win, Tails I Don’t Lose Much”

Over the past two decades, Mohnish Pabrai has earned himself a reputation as one of the best value investors of all time. Q3 hedge fund letters, conference, scoops etc Pabrai set up his investment firm, Pabrai Investment Funds in 1999 and since inception, his flagship fund PIF2 has produced a compound annual return for investors of 15.3% to the end of June 2018, turning every $1 invested into $15. Over the same period, a similar investment in the best performing stock index, the Dow Jones Industrial Average has grown to just $3.50. Pabrai is one of the few remaining classic…