I enjoyed this post. I also enjoyed the links at the end. It packs a lot of information into a small space. I particularly liked how it mentions Pabrai's reaction to a question about the Dow. However, if memory serves (and it very well may not) the comment was made in a Bloomberg interview. If that's true, this is bad news for Bloomberg TV, which can't even get noticed as an example of a typical TV interview question looking for "breathless comment".

Regardless, I loved Pabrai's answer.

Thanks Goerge. Dreadful mistake. I'll correct it! Thanks for the other comments. BTW it's worth watching the video again on the blog I link to. Not once but three times they ask about blips in the market, oil prices and interest rates I think. Each time Pabrai looks kind of bemused, but calm, and says the same thing. It's funny.

Richard.

http://blog.iii.co.uk/
http://richrach.com/rich