When Less Research Is More

During June, value Mohnish Pabrai gave a talk at Google in which he touted the benefits of doing as little research as possible when evaluating a potential investment. This advice might seem misleading at first, but the reasoning behind Pabrai’s guidance contains a vital lesson for investors conducting securities research. [munger] Also see Benjmain Graham On Estimating Future Earnings Power Shortselling  Overvalued Stocks  Beats Value  Investing: Warren Buffett Charlie Munger: Less securities research is better for investors It is vital to research a potential investment before you take the plunge. However, too much securities research can be damaging. Spending hours…