Value Investing News

Pabrai began by reiterating the notion that we as investors or entrepreneurs should look for opportunities with low risk but high uncertainty. If your risk is low, losses will be not break you. Since Wall Street hates uncertainty, it tends to misinterpret certain situations and companies, over-punishing them in the process. This gives patient, diligent value investors a potential advantage.

• http://blog.valueinvestingcongress.com/2008/05/08/value-investing-congress-west-2008-day-2-ii/ (26)