Back to the subject of Pabrai Funds ;)
I am a big fan of Mohnish and have friends that have invested with him. But one caveat to the 50% rebound is the fact that his funds were down 60% in 2008 -- so they're still down 40% since the end of 2007. I have no doubt that Mohnish will eventually get his partnerships past their old highs, but it's important to know context when talking about his recent homerun performance (which is actually even more impressive than it seems, because according to Mohnish the 50% gains actually came to pass in a period of less than 6 weeks!).
Of course, if you were smart enough to put money into Pabrai Funds at any time during the first 3 months of 2009, you've obviously done extremely well!
