Mohnish Pabrai's Pabrai Investment Funds ended 2019 on a high note according to the value investor's year-end investor update, a copy of which has been reviewed by ValueWalk.
According to the update, at the end of December 2019, Pabrai's flagship PIF2 fund was up 9.2% net for the calendar year compared to 31.5% for the S&P 500, 36.7% for the Nasdaq and 25.3% for the Dow Jones Industrial Average.
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Following this performance, an investment of $100,000 in PIF1 at inception on July 1, 1999, and rolled over into PIF2 on 12/31/02 would was worth $1,272,200 as of December 2019,...
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