In May, the value investor Mohnish Pabrai took part in a Q&A session with the Kolkata Value Hunters Club. The value investor spent the first part of the session discussing how his strategy had developed over the past 12 to 24 months. In particular, he spends more time focusing on high-quality companies with strong managers rather than traditional value stocks. Pabrai went on to add that his approach to valuing businesses has also changed. He now views himself as a junior partner in the business. The managers do not need to hear from him, but he is happy to cheer…
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