[Pabrai Funds Annual Meeting Notes: Chicago]

Hi, I'm pretty new on this board.

 

On the topic Pabrai mentioned of a basket approach to Japanese companies, I have an investment in a wisdomtree small cap dividend weighted fund, ticker DFJ that some might wish to check out.

[ORH-A]

Regarding the post below - The reason it traded above 26 was because of a large circulation email to generally unsophisticated investors - sent by an Agora Inc. subsidiary, Stansberry & Associates.  This company was the reason for many of the sudden spikes in the series A pref.  To see a similar effect by the same publishing house, look at TPL in mid August.

 

(I'm new here on this board, happy to see such high quality information here)

 

"Good timing. I chickened out and sold all of mine at 25.40. Did not think people would be crazy enough to bid it any higher. Still don't get why people paid over 26 to take the risk of a highly probable 4% absolute (i.e. not annualised) loss just for the prospect of getting an 8% annual yield.

 

Another nail in the coffin of Efficient Markets, I guess."