Mohnish Pabrai sells 3.6 million shares of Delta Financial

Read the full article at: http://www.sec.gov/Archives/edgar/data/1021848/000101381607000459/xslF345X02/form4_pabrai-120707ex.xml
(via www.sec.gov)

at prices ranging from $0.1654 to $0.2601 per share.

I respect Mohnish but

I respect Mohnish as a great investor but TOTALLY disagree with him about uncertaintity being an investor's "friend". I just want to know where iam going to die so I don't go there. When peopel with money meet people with"experience" ( iam convinced the accountants and management at DFC "saw" this coming)the peopel with the money get the expereience and the people with the experience get the money.Reading the financials for "financials" is ONLY for a guy like WEB who has 50 years of experience.Mohnish made agreat call on BRK/B this summer at 3580 but claimed he was just"parking money". Again I respect Mohnish as a svvy man but DFC was just FOOLISH. I am not saying this in retrpospect I said it ALL SUMMER .According to WEB you are being"risky" if you buy a company where future earnings can NOT be reasonably estimated