motown Posted March 11, 2018 Share Posted March 11, 2018 According to Mohnish Pabrai, when he and Gary Spier paid to have lunch with Warren Buffett and Charlie Munger, one of the three pieces of notable advice Munger mentioned was “carefully study spinoffs.” Does anyone know the other two? Link to comment Share on other sites More sharing options...
Gamecock-YT Posted March 11, 2018 Share Posted March 11, 2018 cloning and cannibals Link to comment Share on other sites More sharing options...
AJB96 Posted March 11, 2018 Share Posted March 11, 2018 Pabrai discusses what the 3 things were at the 3:40 mark in the following video: "It was during his meeting with Munger, that Munger said, “If an investor just did three things, the end results would be vastly better than the rest.” Link to comment Share on other sites More sharing options...
gary17 Posted March 11, 2018 Share Posted March 11, 2018 Can someone elaborate on what those three means ? Link to comment Share on other sites More sharing options...
LongTermView Posted March 11, 2018 Share Posted March 11, 2018 Can someone elaborate on what those three means ? I think of it as the 3 Cs: 1. Cloning. See what notable investors are buying in their 13F filings: https://whalewisdom.com/ 2. Cannibals. Study companies that eat themselves by buying back their stock. 3. Chops (Spinoffs). Among other things, read Joel Greenblatt's "You Can Be a Stock Market Genius" (1999) where he talks about spinoffs. Link to comment Share on other sites More sharing options...
rukawa Posted March 11, 2018 Share Posted March 11, 2018 Did Munger invest in spinoffs? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now