A little look at what might have happened with Pinnacle Airlines and why Mohnish Pabrai might be selling his position. 

The hate e-mail can stop!! This blog has been investing real money in the magic formula for over 2 years. 2007's results and results since inception are now posted!

At the Value Investing Congress, Mohnish Pabrai is presenting why he likes Pinnacle Airlines (Nasdaq: PNCL). Pabrai owns 14-16% of Pinnacle Airlines.

Mohnish is buying more Pinnacle Airlines.

As Graham stated in the book Security Analysis: "An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative."

I currently have 4 'long-term' holds, one special situations and 30% cash. I discuss my holdings and five potential stocks I could buy soon.

I reviewed Mohinsh Pabrai's portfolio.

MG at MFI Diary is celebrating his 1 Year Magic Formula Anniversary and currently boasts a 22% IRR! Actually, MG is more likely to crack a joke at his own expence than to be boastful. In my opinion, MFI Diary is the best blog dedicated to Joel Greenblatt's Magic Formula- Yes, even better than my blog.

Commentary on mistakes made and lessons learned after investing for one year in Joel Greenblatt's Magic Formula, as detailed in "The Little Book that Beats the Market."