Mohnish-Pabrai Archive

Chapter 24: Computer Associates – A Good Business Model Gone Awry

In this next chapter of Mosaic, Mohnish Pabrai examines the price to sales ratio and the financial shenanigans of Computer Associates (CA). Pabrai begins “Computer Associates – A Good Business Model Gone Awry” with a discussion of James O’Shaughnessy’s book What Works on Wall Street. Using a 40 backtest of S&P Compustat’s, O’Shaughnessy’s found that all

Mosaic Chapter 17: Yes, But I Like to Punt!

The next chapter to add to Poor Man’s Mosaic is “Chapter 17: Yes, But I Like to Punt!” In this chapter of Mohnish Pabrai’s book, Pabrai provides a cheat sheet of Warren Buffett rules on investing. Here are the key points: On Punting (taking a high risk, high return bet) “Rule No. 1: Never Lose

Mosaic Chapter 15: On Avoiding Enron-itis!

Continuing on my quest to fill in the missing chapters listed on Poor Man’s Mosaic, I recently finished reading “Chapter 15: On Avoiding Enron-itis!” In this chapter of Mosaic, Mohnish Pabrai discusses six red flags that might indicate a company has “Enron-itis.” These six red flags are as follows: Obtuse financial statements Consistency of business performance

Mosiac Chapter 13: Latticework II

In this chapter of Mohnish Pabrai’s book Mosaic, the discussion starts with a look at Bill Miller of Legg Mason Value Trust. Pabrai argues that Bill Miller’s previous stellar performance with Legg Mason Value Trust lies in “Latticework“, which is the worldly wisdom that comes from an interdisciplinary collection of mental models. Bill Miller views

Mosaic Chapter 11: Dhando! Summary

With the help of several members of Value Investing News, I posted a series of links to the essays that make up Mohnish Pabrai’s book, Mosaic: Perspectives on Investing. The 26 chapters of Mosaic were actually articles previously published on TheStreet.com, Fool.com, and SiliconIndia Magazine. Searching online, we found links to 20 of the 26

Weekend Reading from Value Investing News

It’s been a very busy week for me and it looks like members of Value Investing News have also been very busy finding great stories.  Here are this week’s highest ranked stories: The Chipotle Mispricing Persists Pabrai Funds shareholder meeting 2001 transcripts Warren Buffett’s Magic Formula in 1965? eBay: Warren Buffett Power Lunch to Benefit

Memorial Day Weekend Reading from Value Investing News

I hope everyone enjoys this Memorial Day weekend. If you don’t have big plans for the weekend, it might be a good time to catch up on the top headlines from Value Investing News: Mohnish Pabrai 13-F for Quarter Ending March 31, 2007 Whitney Tilson: Not-to-be-missed tips for value hunters Wally Weitz on Berkshire Hathaway