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Posted
19 hours ago, nafregnum said:

I don't invest in his funds, but I still feel grateful that Pabrai puts himself out there, because it benefited me personally:

I read The Dhando Investor and The Education of a Value Investor (Guy Spier) back in 2014 and it reawakened my dormant investing hobby.  my original Buffett + Munger fanboy status grew out of reading The Intelligent Investor in 2004, but my first attempts at picking stocks weren't so hot.  

The most useful piece of advice I've heard from Pabrai was this: Just be patient.  Fidelity did some study and figured out the most successful brokerage accounts were just the accounts of dead people and others who had forgotten their account and left it alone for many years.  Letting my winners run for years beyond my impulse to sell has made a huge difference in my results.  I know, this advice also comes from Munger and Buffett too, but I heard the Fidelity anecdote from Pabrai during one of these YouTube style videos.  

Pretty sure Fidelity never actually published that. 

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