Actionable insights straight to your inbox

logo_equities.svg

Mohnish Pabrai: The Ten Commandments of Investment Management

"Thou shalt accept that thou shalt be wrong at least one-third of the time."
  • 1 min Read

By The Acquirer’s Multiple®

The Acquirer’s Multiple® is the value metric financial acquirers use to find takeover targets. Deeply undervalued stocks are good to own because they can be taken over, creating a quick win, or simply revert back to value over time. As the #1 New Release in Amazon Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market describes, portfolios of stocks with a low rank based on The Acquirer’s Multiple® offer market-beating returns over time. Tobias Carlisle is the founder of The Acquirer’s Multiple®. He is the founder of Carbon Beach Asset Management LLC. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Johnny Hopkins is a financial analyst who specialises in deep value stocks at The Acquirer’s Multiple®. The Acquirer’s Multiple® is a stock screening website based on the investment strategy described in the book The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, written by Tobias Carlisle.
The Acquirer’s Multiple® is the value metric financial acquirers use to find takeover targets. Deeply undervalued stocks are good to own because they can be taken over, creating a quick win, or simply revert back to value over time. As the #1 New Release in Amazon Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market describes, portfolios of stocks with a low rank based on The Acquirer’s Multiple® offer market-beating returns over time. Tobias Carlisle is the founder of The Acquirer’s Multiple®. He is the founder of Carbon Beach Asset Management LLC. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Johnny Hopkins is a financial analyst who specialises in deep value stocks at The Acquirer’s Multiple®. The Acquirer’s Multiple® is a stock screening website based on the investment strategy described in the book The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, written by Tobias Carlisle.

We’ve just been watching a recent presentation with Mohnish Pabrai at the Carroll School of Management – Boston College. Pabrai is discussing his ten commandments of investment management as follows:

1. Thou shall not skim off the top [fees]

2. Thou shalt not have an investment team

3. Thou shalt accept that thou shalt be wrong at least one-third of the time

4. Thou shalt look for hidden PE of 1 stocks

5. Thou shalt never use Excel

6. Thou shalt always have a rope to climb out of the deepest well

7. Thou shalt be singularly focused

8. Thou shalt never short a stock

9. Thou shalt not introduce leverage

10. Thou shalt be a shameless cloner

You can watch the entire presentation here:

For more articles like this, check out our recent articles here.

  • More in Investing & Finance

Recession Odds Rising (Plus: Jay Powell, Meet Sal Dali)

Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.

Don’t Get Mad; Get Smarter About Position Sizing

Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.

Everything an Investor Needs to Know About The Petrodollar and, Um, The Petroyuan

  • 4 min Read 
logo_equities_white

Sign up For our Newsletter

SITEMAP

Contact

© 2022 Equities News | Equities.com, Inc.