racemize Posted December 20, 2013 Share Posted December 20, 2013 Hi All, after looking over Pabrai's record and hits or misses, it seems as though the requirement of 2-3x in 2-3 years mostly works, but when it doesn't, it can be quite painful. Rather than simply looking at Pabrai's history, however, I'd like to get input from investors with long-term, high return records (let's say >15-20%). 1) How often are you wrong? (e.g., thesis was not correct, and had to exit at break-even or loss) 2) How often are you wrong and it causes significant loss, e.g., >50% permanent loss? 3) How volatile are is your yearly performance (e.g., lows and highs)? Thanks in advance! Link to comment Share on other sites More sharing options...
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