What people say, what they end up doing
I liked reading Dhandho Investor from Mohnish Pabrai of Pabrai Funds in 2007.
I was trying to go through checklists made by others and found a PPT from Pabrai Funds. After getting pummeled in 2008, Pabrai Funds decided to avoid investing in four stocks, “unwise to hold 4 stocks” as per this checklist presentation.
Went to Guru Focus and checked 3o-June-2016 portfolio. Looked like a four stock portfolio.
30th June 2016 Portfolio of Pabrai Funds as per Guru Focus
Nothing wrong with 4 stock portfolio. Just saying… 🙂