If only one word is to be mohnish pabrai checklist pdf to describe what Baupost does, that word should be: 'Mispricing'. We look for mispricing due to
If only one word is to be mohnish pabrai checklist pdf to describe what Baupost does, that word should be: ‘Mispricing’. We look for mispricing due to over-reaction.
In my opinion, there are two key concepts that investors must master: value and cycles. Your life must focus on the maximization of objectivity. We have to be more disciplined than the rest. It may seem a comparatively easy matter to determine that one enterprise is more promising than another. But it is by no means so easy to establish that one common stock at a given price is clearly preferable to another stock at its current price.
Investors who seek advice from discount brokerage firms might assume the counsel they get is impartial, given how these firms have rejected the old Wall Street model of working on commissions. In fact, advisers at some of the biggest discount brokerage firms make more money if they steer clients toward more-expensive products, according to disclosures from the firms and people who used to work at them. That means customers could end up with investment products and services that are costlier than they need. What would confound market participants the most in 2018?
Adventures in Finance Podcast — Charge! Rob Maurer, host of the Tesla Daily podcast, makes an impassioned case for both the company and the stock. About embracing the pain of feedback and improve a little bit each time. About wiping out a bunch. And about having a group rooting you on. For groups, this means having leaders that embrace the discomfort of this entire painful, insane, rewarding process.
From a leadership perspective, I always say that accountability is a tool, but it should not be your leading tool. I’ve worked with a lot of companies along the waywhere their answer to every problem that they’re having is that they just need to have more accountability. And it sounds great because, let’s face it, if you’re my employee and I need you to do x, y, and z every day, and every day I sit there and watch you do x, y, and z. But where the problem comes is that I don’t just have you as my employee. I’ve got a team of 15 people and I’ve got other things that are happening, so I can’t watch 15 people. I can’t hold everyone accountable.