Warren Buffett's principle of preserving capital underscores that the first rule of investing is to avoid losing money, a sentiment echoed by Monish Pabrai.
Monish Pabrai emphasizes a selective investment strategy, stating, 'The model is not to find investments. The model is to find the flimsiest reason to say no.'
Pabrai's approach involves maintaining a concentrated portfolio, with 97% of his assets tied to just three stocks, showcasing a high level of confidence in his choices.
Buffett warns against over-diversification, asserting it's often a cover for ignorance, while Pabrai's recent decision to sell 92% of his stake in Arch Resources reflects strategic discipline.
Collection
[
|
...
]