This is part two of the on going series on, "why a checklist is an investors best friend."
Part one can be found here.
Developed in the fields of medicine and aviation, checklists can easily be adapted to be used for investors. In an interview with Forbes, given during 2013, Mohnish Pabrai discussed how he used checklist to minimize his mistakes in investing:
“He began by looking at the public record of the investors he admired and deconstructing the mistakes they made...He cites the example of Berkshire Hathaway’s purchase of Dexter Shoes — a New England factory with a great product used by everyone with feet. It immediately got hacked to pieces by cheap foreign labor. Hence, one checklist item: is...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
