Value Investing News

Monhish Pabrai, an increasingly well-known value investor in the mold of Warren Buffett, has endured a few tough quarters, but he continues to take the long view. In his Q1 letter to investors in his Pabrai Funds, he wrote "Negative numbers are never fun to report or read. However, the focus of Pabrai Funds has never been to fixate on short-term results. What really matters is our longer term performance - over 5-10 years or more."

• http://biz.yahoo.com/indie/080519/1216_id.html?.v=1 (0)