Mohnish Pabrai: 6.5x Return On Deep Value Turkish Stock [2020 Letter]

In his year-end letter to investors, Mohnish Pabrai, the Managing Partner of Pabrai Investment Funds, explained that 2020 had more impact on his way of thinking about the market than any other year since 1999.

Q4 2020 hedge fund letters, conferences and more

Following last year's lessons, Pabrai explained he has decided to move away from the value mentality of buying $1 for 50 cents that has defined his style of investing for much of the past two decades.

From now on, the value investor intends to focus on quality stocks and buying these investments at low prices. By pursuing this buy and hold mentality, Pabrai explained, he hoped to be able...