Newsletter - August 17th, 2024

Dear Reader,

Attached is a recent list of stocks that passed value screens (e.g. below net current asset value, below tangible equity, etc.) but don’t meet our investment criteria - and our reasoning.

This may help you avoid some ‘value traps’, and stocks that aren’t sufficiently attractive compared to opportunities available today.

For reports of stocks that pass our quantitative and qualitative standards:

Join Here

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Mohnish Pabrai - CFA UK

Some notes from a recent talk below:

8:00 Cash flows

22:00 Certainty

25:00 Competition

33:00 Hated and unloved

35:15 Egregious anomalies

38:00 40-50% error rate

39:00 Checklist

50:00 Think about the downside

56:00 Purchase during distress

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For reports on the best investment values in stocks worldwide:

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Wish you an excellent week ahead.