- Mohnish Pabrai, a disciple of Warren Buffett, names his 2 favorite investing books Are you looking for stocks with long-term value?
- Mohnish Pabrai, a seasoned investor, recommends two books.
- Pabrai, a value investor and disciple of billionaire Warren Buffett, told CNBC Pro Talks that “100 to 1 in the Stock Market” is an “extremely well-written” book.
Are you looking for stocks with long-term value? Mohnish Pabrai, a seasoned investor, recommends two books.
Pabrai, a value investor and disciple of billionaire Warren Buffett, told CNBC Pro Talks that “100 to 1 in the Stock Market” is a “extremely well-written” book.
The book, written by Thomas Phelps and first published 50 years ago, teaches how to increase wealth one hundredfold through buy-and-hold investing.
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Buy-and-hold investing entails purchasing stocks and holding them for an extended period of time, even if there are short-term fluctuations.
The founder of the Pabrai Investment Funds, which has grown in revenue from $100,000 in 1999 to $1.2 million as of March of this year, was discussing his playbook for what to buy and what to avoid.
Christopher Mayer’s “100 Baggers” – which discusses companies that returned $100 for every $1 invested – is another book for those looking for “competitive advantage or the ability to earn superior returns,” he said.
Investors should ask themselves a few questions, he believes.
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“Does the business earn very high returns on equity? Can it grow and prosper without the use of debt? … Can this business reinvest the high returns and equity back at high rates?”
