Part II of a recent Mohnish Pabrai interview
To cure ourselves of this malaise, we have to pay attention to the words of wisdom of ace investor Mohnish Pabrai. His latest interview to ETNow, given on the occasion of the ET Value Investing Conference, contains valuable advice given in a friendly and unassuming manner on what we are doing wrong and how we can rectify that situation.
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More
On the second aspect, Mohnish recited an amusing anecdote (@11.55) to make his point that ‘buy-n-hold’ is the correct strategy. He pointed out thatFidelity Investments had conducted a study which showed that the best investors in the World, i.e. those who had got the best returns, are those who are either ‘dead’ or who had ‘forgotten’ their investments.
More text here – full video below