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.
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