Mohnish Pabrai on Bank of America, Citi, Google, and Hyundai

Mohnish Pabrai on Bank of America, Citi, Google, and Hyundai by John Kimelman, Barron's

H/T Dataroma

In seeking out the advice of professional stockpickers, it’s best to avoid the so-called closet indexers.

Portfolio managers that fit that bill hold 40 or more stocks -- many hold hundreds -- with each comprising a small percentage of the portfolio. They collect active-management fees for performance that, at best, matches the index.

That’s not the way hedge fund manager Mohnish Pabrai rolls. The Indian-born Pabrai, who runs the $700 million-asset Pabrai Investment Funds, puts big money behind his convictions. In the investment world, that translates to holding a small basket of stocks and watching them closely.

“I have heard [Warren Buffett’s business partner] Charlie...