A company is never so good or a situation so favorable that it cannot be overpriced. In my view, that is our situation today. The pricing of many companies and the market generally suggests a bubble. The questions are why to I reach that conclusion and what should investors do if I am right? This article starts a series of posts addressing the issue.
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Check out our H2 hedge fund letters here.
Mohnish Pabrai On Waiting For The Perfect Pitch