In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students.
Q3 2021 hedge fund letters, conferences and more
One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with.
Cheap Stocks
In the first couple of decades of his career, Pabrai specialized in finding cheap stocks.
He would frequently refer to his favorite investments as companies with a "P/E of one." These companies were so cheap on a quantitative basis, they were just no-brainer investments.
However, over the past 24 months, his investment style has shifted away from this mentality, towards...
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