Author Topic: New Mohnish Pabrai Interview  (Read 3198 times)

Lakesider

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Re: New Mohnish Pabrai Interview
« Reply #10 on: July 01, 2018, 03:38:56 PM »
Unless the sumzero interview is wrong he must have. Was 25% before.



OracleofCarolina

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Re: New Mohnish Pabrai Interview
« Reply #11 on: July 01, 2018, 03:51:48 PM »
Unless the sumzero interview is wrong he must have. Was 25% before.

If I was a betting man, I would bet sumzero got it wrong.

IanBezek

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Re: New Mohnish Pabrai Interview
« Reply #12 on: July 07, 2018, 09:06:37 AM »
"Zero percent of our current assets are in the US. Which has never happened in the 19 years of running the fund.  We always had a very large portion of assets in the US. I would have never guessed that we would get to the point where we would be at zero - but here I am. "

Pretty amazing.

racemize

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Re: New Mohnish Pabrai Interview
« Reply #13 on: July 07, 2018, 10:12:29 AM »
"Zero percent of our current assets are in the US. Which has never happened in the 19 years of running the fund.  We always had a very large portion of assets in the US. I would have never guessed that we would get to the point where we would be at zero - but here I am. "

Pretty amazing.

I guess he's pretending FCAU is a Dutch company.

gjangal

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Re: New Mohnish Pabrai Interview
« Reply #14 on: July 07, 2018, 10:15:39 AM »
it will be interesting what his performance will be for this year. A couple of stocks he is invested in has gone down 50%. Although they have gone 5x on the upside prior to this year.

investmd

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Re: New Mohnish Pabrai Interview
« Reply #15 on: July 07, 2018, 12:19:47 PM »
it will be interesting what his performance will be for this year. A couple of stocks he is invested in has gone down 50%. Although they have gone 5x on the upside prior to this year.

Agree. The Indian stocks RAIN and KRBL are down 50+% this year. Fiat is also down some 20%. Question is does he have some others that are up 2-5x to balance out the result? History of the fund is very large upside AND downside. Over long period of times that averages out to a return of approx 15%/year after fees - which is excellent but requires the ability to stomach the volatility. Let's see what happens over the next couple of years after he had an outstanding 2017.

indirect

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Re: New Mohnish Pabrai Interview
« Reply #16 on: July 07, 2018, 06:29:46 PM »
If you read Indian press reports, he was not able to go thro block buy of KRBL.

Tim Eriksen

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Re: New Mohnish Pabrai Interview
« Reply #17 on: July 08, 2018, 08:15:41 AM »
So, FWIW some time back I had done a spreadsheet for net returns to investor with SP500 historical returns under different fee scenarios. 

It is attached below.  Maybe some will find it useful.  The big takeway is that the Buffett model only pays for the manager when you are generating serious alpha. 

Of course, the traditional hedge fund structure is egregiously expensive for the investor.

The Buffett fee column is incorrect.   

shalab

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Re: New Mohnish Pabrai Interview
« Reply #18 on: July 08, 2018, 09:22:00 AM »
Very useful table - can you please share the original spreadsheet? Also - would like to see the returns with Vanguard or Schwab SP500 funds.

So, FWIW some time back I had done a spreadsheet for net returns to investor with SP500 historical returns under different fee scenarios. 

It is attached below.  Maybe some will find it useful.  The big takeway is that the Buffett model only pays for the manager when you are generating serious alpha. 

Of course, the traditional hedge fund structure is egregiously expensive for the investor.