Mohnish Pabrai Notes

Cards (2)

  • Stop losses are dumb because the markets will always fluctuate and if you truly believe the company is worth more than it is currently valued it’ll eventually rise to that new valuation
  • Pre-requisites for investing:
    1. Is it in my circle-of-competence?
    2. What is the current market cap? (whole company not stock price)
    3. Based on what the company is doing, what do I think their market cap should be?
    4. Is it a no-brainer?