In my book, the Education of a Value Investor, I write about my difficulties in getting to a zero management fee structure for my fund. Indeed, it was only my meeting with Mohnish Pabrai, and our subsequent lunch with Warren…
With Whom would I Invest? If I was not investing professionally myself, who would I hire to invest for me? Here are the criteria that I would use.
Adversity is when the rubber hits the road. It’s not how we behave in the good times that will determine how successful we are in life, but how we act in the bad times.