Keep pulling the thread on Mohnish Pabrai.
Mohnish Pabrai asserts that most of the acquisitions made by Warren Buffett did not perform well for Berkshire Hathaway.
Mohnish Pabrai estimates that Ajit Jain has single-handedly created over $100 billion, and possibly as much as $150 billion, in value for Berkshire Hathaway shareholders.
Mohnish Pabrai believes that a great fund manager's portfolio should naturally concentrate over 20 to 30 years to the point where 95% of the fund is in a single stock.
Charlie Munger was actively buying shares of Alpha Metallurgical Resources up until six days before he passed away in November 2023.
Mohnish Pabrai's investment philosophy evolved to include not selling a great company even when it appears fairly priced or overpriced, only considering an exit when it is egregiously overvalued.
Mohnish Pabrai believes Greg Abel's management style at Berkshire Hathaway will lead to tighter operations compared to Warren Buffett's more hands-off approach.
Warren Buffett has stated that approximately 12 key investment ideas over a 58-year period were responsible for the creation of Berkshire Hathaway.
Over the last 90 years in the U.S. stock market, approximately 4% of businesses have generated all of the market's returns.
Mohnish Pabrai believes that both Greg Abel and Ajit Jain of Berkshire Hathaway are seriously underpaid.
For a 50 to 100-year investment horizon, Mohnish Pabrai recommends a portfolio split into four parts: one-fourth in the S&P 500, one-fourth in Berkshire Hathaway, and the remaining half in broad international indices with exposure to Asia and China.
Pabrai Funds has over $1 billion in assets under management and requires a minimum investment of multiple millions of dollars.
Pabrai Funds' investments outside of the United States are heavily concentrated in Turkey.