[India Investing - ideas]

One can open a trading account - as Guy Spier mentioned, it can take a while to open one. It took two years for him and it took a while for me. I went through tradeplusonline.com. They offer excellent customer service and the process went quickly once I went with them.

It  works even without a PAN card?

[Discount Rate for DCF]

IMHO there is a little misunderstanding w/r/t Buffett and Munger's 9% or treasury rate discount rate. They are using it as a way to compare all opportunities to each other.

Most investors use it on a case by case basis to determine if a specific investment is undervalued. Then the discount rate should generally be your desired return (if you would be willing to buy it at the DCF price); you could be a prophet when it comes to forecasting cash flows but you'll still only earn your discount rate if everything goes perfectly.

[Buffett's Early Investments]

Public or private?

[Li Lu's Himilaya Capital- Investor letters-Communications]

Hey all,

 

I would love to get my hands on these-even willing to $$$ for them. If anyone would like to take me up on this please reply, or DM if you're worried about anonymity. Thanks.

[Pabrai started his fund by personally guaranteeing his investors money?!]

Thanks Parsad. I remember reading something along the lines of principal is backed by his personal guarantee and net worth, although can't remember where. What you said makes more sense though.

[Pabrai started his fund by personally guaranteeing his investors money?!]

I read somewhere that he did this, can anyone confirm? How long did he keep that up? What were the terms? All I can say is wow.

[Allan Mecham 2016 letter]

Snorky,

 

If you're ever in Cleveland I owe you a beer.

 

Thanks

[MOVED: Community Health Systems Short Thesis]

This topic has been moved to Investment Ideas.

 

Since we're basically talking about it's merits as an investment idea.

 

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