Tradestreaming Video of the Day: Pabrai on Investing Checklists

Checklists and Avoiding Investing Mistakes

Famed Value Investor Mohnish Pabrai (read more about him here) is interesting:

He suggests looking at his own — and other funds — mistakes and trying to learn from them and then reverse engineer a portfolio that is built to avoid these.   It’s like piggyback investing by following what not to do, rather than what to do.

“The most important thing I learned, when you look back at investing mistakes, the cause is elementary and can be prevented.”

For more on investing checklists, check this interview out.