Pabrai - OC Business Journal Style File

[Parsad]

The Orange County Business Journal had a little expose on Mohnish's cycling passion...look at those toned legs...he's really getting into good shape!

 

Cheers!

OC_Business_Journal_-_November_10_2014.pdf

[investor-man]

Haha those "sponsorships" are genius!

[smreitz]

The bike and cycling digs look 100% tax deductible to me.... :D

 

Glad he is staying active.

[dolce far niente]

Pardon my ignorance. What is WSB?

[Dempster]

Pardon my ignorance. What is WSB?

 

If by WSB you are referring to his license plate which says GMWSB it is a reference to his second biggest position - GM's B warrants. Judging from a review of his last 8 13Fs, and his reference to "stock tips", it looks like Fiat could be a new position for Dalal Street since the September 30, 2014 holding date. 

[LC]

Pardon my ignorance. What is WSB?

 

If by WSB you are referring to his license plate which says GMWSB it is a reference to his second biggest position - GM's B warrants. Judging from a review of his last 8 13Fs, and his reference to "stock tips", it looks like Fiat could be a new position for Dalal Street since the September 30, 2014 holding date.

 

I think Mohnish has held Fiat for a while now, probably about a year if my memory serves. Although it has been undisclosed to date, which should change by next Q's 13-Fs.

[karthikpm]

Mohnish has held Fiat longer than a year. 2 years ago in his Annual Meeting, Fiat was prominent in all the " ads" he rolls out.  I suspect it has been atleast 3 yrs since he originally bought it.

 

[Dempster]

Pardon my ignorance. What is WSB?

 

If by WSB you are referring to his license plate which says GMWSB it is a reference to his second biggest position - GM's B warrants. Judging from a review of his last 8 13Fs, and his reference to "stock tips", it looks like Fiat could be a new position for Dalal Street since the September 30, 2014 holding date.

 

 

I think Mohnish has held Fiat for a while now, probably about a year if my memory serves. Although it has been undisclosed to date, which should change by next Q's 13-Fs.

 

 

For LC, karthikpm, or others on the forum. In the spirit of learning consistent with this forum, how would you guys know that Mohnish held Fiat for so long if he wasn't filing a 13-F on it, and why wouldn't he have to file on it? I am a newbie and obviously not going to his annual meeting nor have I seen any of his "ads".

[Liberty]

Cycling like a boss!

[peter1234]

Pardon my ignorance. What is WSB?

 

If by WSB you are referring to his license plate which says GMWSB it is a reference to his second biggest position - GM's B warrants. Judging from a review of his last 8 13Fs, and his reference to "stock tips", it looks like Fiat could be a new position for Dalal Street since the September 30, 2014 holding date.

 

I think Mohnish has held Fiat for a while now, probably about a year if my memory serves. Although it has been undisclosed to date, which should change by next Q's 13-Fs.

 

For LC, karthikpm, or others on the forum. In the spirit of learning consistent with this forum, how would you guys know that Mohnish held Fiat for so long if he wasn't filing a 13-F on it, and why wouldn't he have to file on it? I am a newbie and obviously not going to his annual meeting nor have I seen any of his "ads".

 

He talked about it in the past or disclosed it in his annual letters to his investors.

 

Funds basically file their holdings of 'domestic' companies.

 

Since Fiat was a foreign issue trading in Italy, he did not have to disclose it.

 

Now that the primary listing is on the NYSE he has to disclose it.

 

Note: Fiat is now incorporated in the Netherlands with a tax domicile in the UK. Primary exchange is the NYSE, secondary Milan in Italy.

 

Please feel free to correct/clarify.

;)

[LC]

Pardon my ignorance. What is WSB?

 

If by WSB you are referring to his license plate which says GMWSB it is a reference to his second biggest position - GM's B warrants. Judging from a review of his last 8 13Fs, and his reference to "stock tips", it looks like Fiat could be a new position for Dalal Street since the September 30, 2014 holding date.

 

 

I think Mohnish has held Fiat for a while now, probably about a year if my memory serves. Although it has been undisclosed to date, which should change by next Q's 13-Fs.

 

 

For LC, karthikpm, or others on the forum. In the spirit of learning consistent with this forum, how would you guys know that Mohnish held Fiat for so long if he wasn't filing a 13-F on it, and why wouldn't he have to file on it? I am a newbie and obviously not going to his annual meeting nor have I seen any of his "ads".

 

I believe it was at his annual meeting last year (which I didn't attend but fellow boardmembers posted pictures here) where he was photographed in front of a Fiat/Maserati/Ferrari (I forget which brand) with something of a thumbs-up/smile. It was soon after the Fiat thread was started here, and he had given talks around the same time which were on Youtube where he referenced this board as a place to generate/discuss ideas. So nobody knew for sure but it wasn't a big leap to say he owned Fiat.

 

Then when the re-listing to NYSE occured, Fiat released a shareholder list which had Pabrai's funds as owning around 10m shares. So it was confirmed then to an outsider like myself.