Guest hellsten Posted November 17, 2013 Share Posted November 17, 2013 If you could follow or coattail only two super investors, who would those two be? Only two, because less is more… My choice would be: - Bruce Berkowitz, because he has a concentrated portfolio, great research, and his picks are very contrarian in nature compared to other fund managers. He doesn't seem to care what others think of his holdings. - Mohnish Pabrai, because he has a concentrated portfolio, is the best coattailer ever, and he has a great framework for picking and filtering stocks. He uses a checklist and filters stocks based on required return on investment. Graham and Doddsville's list of super investors: William Ackman Christopher Browne Bob Bruce Warren Buffett James Chanos Columbia Business School Leon Cooperman Ian Cumming Christopher Davis David Einhorn Jean-Marie Eveillard Mario Gabelli Benjamin Graham Joel Greenblatt Bruce Greenwald Mason Hawkins Seth Klarman Howard Marks Peter Lynch Michael Mauboussin Bill Miller Charlie Munger Bill Nygren Mohnish Pabrai Rich Pzena Robert Robotti Robert Rodriguez Jim Rogers Charles Royce Ruane, Cunniff & Goldfarb Walter & Edwin Schloss Paul Sonkin Guy Spier Ken Shubin Stein Lawrence Tisch Arnold Van Den Berg Prem Watsa Marty Whitman David Winters Sam Zell Link to comment Share on other sites More sharing options...
Kraven Posted November 17, 2013 Share Posted November 17, 2013 If you could follow or coattail only two super investors, who would those two be? Only two, because less is more… My choice would be: - Bruce Berkowitz, because he has a concentrated portfolio, great research, and his picks are very contrarian in nature compared to other fund managers. He doesn't seem to care what others think of his holdings. - Mohnish Pabrai, because he has a concentrated portfolio, is the best coattailer ever, and he has a great framework for picking and filtering stocks. He uses a checklist and filters stocks based on required return on investment. Graham and Doddsville's list of super investors: William Ackman Christopher Browne Bob Bruce Warren Buffett James Chanos Columbia Business School Leon Cooperman Ian Cumming Christopher Davis David Einhorn Jean-Marie Eveillard Mario Gabelli Benjamin Graham Joel Greenblatt Bruce Greenwald Mason Hawkins Seth Klarman Howard Marks Peter Lynch Michael Mauboussin Bill Miller Charlie Munger Bill Nygren Mohnish Pabrai Rich Pzena Robert Robotti Robert Rodriguez Jim Rogers Charles Royce Ruane, Cunniff & Goldfarb Walter & Edwin Schloss Paul Sonkin Guy Spier Ken Shubin Stein Lawrence Tisch Arnold Van Den Berg Prem Watsa Marty Whitman David Winters Sam Zell I found it amusing that they listed themselves (Columbia Business School) on the list of super investors. Also, a few are deceased. Link to comment Share on other sites More sharing options...
sigis Posted November 17, 2013 Share Posted November 17, 2013 I feel this is a wrong way to look at it. You should invest because you understand the investment and it makes sense to you, not because another smart person invested it. I regularly check dataroma.com but use it as a source of ideas that I can further analyze, not as a 'buy' signal. Knowing that another smart person is investing along with me may add to my level of conviction but that's about it. But if I rephrased a question in terms of which super investor most often have investments that I understand and want to follow up on, I would probably pick Lou Simpson and Michael Larson. Although this board easily outranks them by the number of ideas that I am interested in. Link to comment Share on other sites More sharing options...
Palantir Posted November 17, 2013 Share Posted November 17, 2013 Michael burry. Link to comment Share on other sites More sharing options...
Guest hellsten Posted November 17, 2013 Share Posted November 17, 2013 I feel this is a wrong way to look at it. You should invest because you understand the investment and it makes sense to you, not because another smart person invested it. I regularly check dataroma.com but use it as a source of ideas that I can further analyze, not as a 'buy' signal. Knowing that another smart person is investing along with me may add to my level of conviction but that's about it. But if I rephrased a question in terms of which super investor most often have investments that I understand and want to follow up on, I would probably pick Lou Simpson and Michael Larson. Although this board easily outranks them by the number of ideas that I am interested in. I'm not suggesting you should blindly buy what "super investors" are buying, even though I think that's one way of outperforming the market. With follow I mean: whose 13Fs, interviews, etc do you read? To me coattailing means investing in the stocks they own or have owned, if the stock matches your philosophy and investment criteria. Following every one of them is probably not wise. Time is limited. That's also why I phrased the question so vaguely, and why I ask stupid questions on this forum ;) One reason I don't coattail them blindly is because I know they are fund managers and have rules I don't have that they need to follow: sheep as co-investors, money burning holes in their pockets, committees deciding what to invest in, etc. My advantage is that I can buy things they can't buy, I don't have sheep who give me money to invest, etc, etc, etc. Michael Burry is very difficult to follow, and even more difficult to coattail. He's almost never in the news. Last time I heard about him he was investing in farmland. I wish I could coattail him… Link to comment Share on other sites More sharing options...
Ham Hockers Posted November 18, 2013 Share Posted November 18, 2013 I'm surprised Glenn Greenberg isn't on this list. I guess he'd be one of my two. Still thinking about the other. Link to comment Share on other sites More sharing options...
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