Parsad Posted January 6, 2010 Share Posted January 6, 2010 Bloomberg article on the use of checklists by Mohnish and Atul Gawande's book. Cheers! http://www.bloomberg.com/apps/news?pid=20601088&sid=a88b_yggIXDc Link to comment Share on other sites More sharing options...
UhuruPeak Posted January 6, 2010 Share Posted January 6, 2010 Thanks Sanjeev. I heard Atul's interivew on NPR yesterday morning and was just thinking this morning I really should get the book. Link to comment Share on other sites More sharing options...
NormR Posted January 6, 2010 Share Posted January 6, 2010 http://www.npr.org/templates/story/story.php?storyId=122226184 Link to comment Share on other sites More sharing options...
Myth465 Posted January 6, 2010 Share Posted January 6, 2010 http://www.democracynow.org/2010/1/5/dr_atul_gawande_on_real_health http://www.charlierose.com/ Other Good Interviews Link to comment Share on other sites More sharing options...
Rabbitisrich Posted January 7, 2010 Share Posted January 7, 2010 If anyone is in Los Angeles, Gawande will provide a talk on Dec. 14, at the Central Library: http://www.experiencela.com/calendar/eventmore.asp?key=26899 Link to comment Share on other sites More sharing options...
Grenville Posted January 7, 2010 Share Posted January 7, 2010 Thanks for the heads up. He will be in SF next week: Jan 13, 2010 – San Francisco, CA 8:00 PM Jewish Community Center of San Francisco 3200 California Street San Francisco, CA 94118 http://www.jccsf.org/content_main.aspx?catid=535#3351 other locations: http://gawande.com/events# Link to comment Share on other sites More sharing options...
lennie_88 Posted January 8, 2010 Share Posted January 8, 2010 Thanks for all of the great posts on this topic. The Charlie Rose interview was very interesting. I have a copy of a presentation Mr. Parbrai made regarding checklists to the Columbia Business school. It is in a pdf so if anyone is interested I can email it (or is there a way to attach on the forum??). Link to comment Share on other sites More sharing options...
UhuruPeak Posted January 8, 2010 Share Posted January 8, 2010 I have a copy of a presentation Mr. Parbrai made regarding checklists to the Columbia Business school. It is in a pdf so if anyone is interested I can email it (or is there a way to attach on the forum??). If you click on the "Additional Options" below the post you type, you will be able to attach. I'd be very interested in this presentation. Thx much! Link to comment Share on other sites More sharing options...
lennie_88 Posted January 8, 2010 Share Posted January 8, 2010 Here is the presentation. Thanks for your help UhuruPeak! Link to comment Share on other sites More sharing options...
goldfinger Posted January 8, 2010 Share Posted January 8, 2010 I have problems understanding his 20 stocks diversification rule but I may be crazy... Link to comment Share on other sites More sharing options...
lennie_88 Posted January 8, 2010 Share Posted January 8, 2010 I have problems understanding his 20 stocks diversification rule but I may be crazy... I don't understand that change either. My guess is that it is to appease clients more than anything--- people don't like lumpy results. Link to comment Share on other sites More sharing options...
beerbaron Posted January 9, 2010 Share Posted January 9, 2010 I've had a checklist for a while and I tough it might be good if we could make it a collective work. I'd be happy to have you insight on what's missing. There is still a lot to add! For me, the most important part of the checklist that I think is not present in Pabrai's checklist is the mental state. It is so easy to go out of range and lie to yourself. The checklist might not avoid it but makes you wonder if you are being irrational. Another part I think is important is to review your checklist at each quarter. Again, your mental state probably influenced your decision back then... are you still reaching the same conclusion 3 months later? BeerBaron Link to comment Share on other sites More sharing options...
shalab Posted January 9, 2010 Share Posted January 9, 2010 This is a great list. I would add a few more. 1. Is the debt to equity ratio comfortable 2. Is the ROE or P/B acceptable 3. How much can the ROE; P/B fall? 4. Can this company withstand negative to low earnings for a few years because of special situations 5. Can the free cash flow increase over time 6. Is the management handling reinvestment of invested capital prudently 7. Is the business facing tailwinds or headwinds right now 8. What is the prospect of facing tailwinds or headwinds two-five years from now 9. What is the impact of further competition - will it erode margins and competitive position 10. What is the margin of safety in the current investment, is it quantitative or is it qualitative 11. Who are the major holders of stock in the company; do you know them. 12. After putting everything together, is it possible to assign a probability of failure. 13. How much of the portfolio would you put on this stock 14. Would you buy this if the stock went down in price by half in six months 15. What is the probability of the stock going to zero. Link to comment Share on other sites More sharing options...
bookie71 Posted January 9, 2010 Share Posted January 9, 2010 The only problem with checklists is that you have to be very careful that you use them and don't think things out. In the accounting profession you need a checklist to make sure you haven't missed a checklist. It's amazing what gets missed simply because some of the new folks don;t step back and simply read through the statements they are drafting. I am not against checklists, but do believe they can be overdone. jmho Link to comment Share on other sites More sharing options...
Myth465 Posted January 9, 2010 Share Posted January 9, 2010 I would be interested in hearing about Good vs Bad Checklists. He has mentioned it in interviews. Link to comment Share on other sites More sharing options...
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