In this session, I follow up on the computation of an optimal debt ratio and the discovery that a firm is under or over levered by looking at what to do next. I argue that it boils down to urgency and the investment opportunities that the firm has.
In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More