Mohnish Pabrai’s “Three Leg” Approach To Finding Multi-Baggers

Back in July, Mohnish Pabrai took part in an online Q&A session on value investing at the Narsee Monjee Institute of Management Studies. Quality Over Value The value investor started his talk by outlining his approach to investing and describing how he goes about uncovering undervalued equities. He then moved on to discuss how his approach has changed over the past couple of years and why he now looks for high-quality compounders and multi-baggers instead of focusing purely on cheap stocks. Q3 2022 hedge fund letters, conferences and more Pabrai used McDonald’s as an example of why this approach can…