Q4 Letter: Mohnish Pabrai Makes 400% On Turkish Investment In Six Months

Mohnish Pabrai’s Pabrai Investment Funds ended 2019 on a high note according to the value investor’s year-end investor update, a copy of which has been reviewed by ValueWalk. According to the update, at the end of December 2019, Pabrai’s flagship PIF2 fund was up 9.2% net for the calendar year compared to 31.5% for the S&P 500, 36.7% for the Nasdaq and 25.3% for the Dow Jones Industrial Average. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Following this performance, an investment of $100,000 in PIF1 at inception on July…