I was talking to one of the gurus of value investing recently. He has actually created wealth for a lot of people and of course for himself...I asked him some questions..some stupid questions too..but I am not writing about them. After all I have not done any course on value investing.
"I think that very few people run as concentrated as I do. By the time you get to my 6th position, that accounts for 75% of the portfolio. We do have between 15 and 20 names in the Pabrai funds portfolio, but numbers 6 through 18 altogether are less than a quarter of the pie."
"Great companies earn higher rate of profits deploying lesser amount of capital; margin of safety is in the mind of an investor," says Motilal Oswal's joint MD Raamdeo Agrawal. Tune in for the market maven's guide to value investing.
While addressing the Berkshire AGM in Omaha, the 'Oracle' Warren Buffett reminds of the bad start the USA had to the World War II vs Japan in the Asia-Pacific in March 1942 and how he took advantage of the resultant weak market to buy stock. Listen-in.
The transcript from this week’s MIB: Joel Greenblatt, Gotham Asset Mgmt is below. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Soundcloud.