Keep pulling the thread on Mohnish Pabrai.
At the time of his investment, Mohnish Pabrai calculated Frontline's liquidation value at $9 to $10 per share, while its stock was trading at only $3 per share.
Following a market downturn in the early 2000s, spot rates for Very Large Crude Carriers (VLCCs) surged to as high as $300,000 per day.
Frontline's stock price increased 80-fold in the three years following the bottom of the shipping market cycle in the early 2000s.
According to Warren Buffett's 2022 letter, only 12 investment decisions over 58 years were responsible for the majority of Berkshire Hathaway's performance.
Berkshire Hathaway financed its entire investment in five Japanese trading companies by borrowing in yen at an interest rate of 0.5% per year.
The five Japanese trading companies Berkshire Hathaway invested in initially offered an 8% dividend yield, providing a cash flow 16 times greater than the 0.5% interest on the borrowed capital.
Berkshire Hathaway has increased its ownership stake in five major Japanese trading companies from under 5% to nearly 10% each.
During the 1973-74 market downturn, investor Rick Guerin was forced by margin calls to sell his Berkshire Hathaway shares to Warren Buffett for $40 per share.
Russia effectively nationalized the beer business operations of a Turkish company that was in a 50/50 joint venture with Anheuser-Busch InBev.
The Indian Institutes of Technology (IITs) accept 70% of the students who participate in the Dakshana Foundation's coaching program, compared to a general admission rate of 1.3%.
Indian investor Rakesh Jhunjhunwala compounded his investments at over 40% annually for several decades, starting with a borrowed $10,000.
Indian airline IndiGo holds approximately 70% of the domestic market share and has placed orders for around 1,000 new aircraft.