Watch the Video – Mohnish Pabrai

Here are some of my takeaways from this wonderful talk given by superinvestor (value investor) Mohnish Pabrai last month (October 2016) to a classroom in China. Every minute of it is worth watching – it is both highly instructional as well as funny at times, and provides clues for why most active managers underperform/fail or burn out. Also see Pabrai Funds Springs Back After Horsehead Five categories of businesses value investors should look for: 1. Tailwind + idiots can run it 2. Tailwind but need good management to run it 3. Low risk + high uncertainty 4. Special situations 5….