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.
The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy 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