Current Market Conditions And Cloning The Best Investors

Mohnish Pabrai is not shy to call himself a “cloner.” Every quarter, he’s the happiest when the stocks the greatest investors bought are revealed. The last quarterly update was this May 15, and you can check it out here. In this update, you can see that Mohnish is rapidly loading up on his holdings in Micron Technology and, you guessed it, he publicly stated he cloned that pick too.

You’ll also find that Berkshire Hathaway bought shares in Amazon. When asked about this, Warren Buffett said that it wasn’t him, but one of his two portfolio managers – Todd Combs and Ted Weschler – who initiated the position.

Speaking of cloning and Amazon, another investor I highly encourage you to follow is Bill Miller. Bill has managed more than 75 billion dollars and has achieved some of the biggest titles in finance. He has been called “The Greatest Money Manager of the Decade” by Morningstar, a member of the “Power 30” by SmartMoney, and a member of the “All-Century Investment Team” by Barron’s. Bill Miller is known to think outside the box, even as a value investor. After Amazon went public in 1997, his fund went on to become the second biggest shareholder – second only to founder and CEO Jeff Bezos.

Preston and I are honored to interview Bill Miller for the third time. You can find our first two interviews with the value investing legend here and here. We hope you will help us again with the outline of the interview. Please feel free to send your questions to me by May 21.

I highly recommend that you start cloning the very best investors like Mohnish Pabrai and Bill Miller, rather than the picks Preston and I are investing in. However, a leg up we might have on Mohnish and Bill is they are less inclined to talk about the investment thesis of their current holdings (to avoid future biases) and put numbers on their valuations.

Preston and I found the valuation process and qualitative analysis very confusing when we started out. Since then, it has been deeply ingrained in the DNA of TIP to empower the community. This is why we always attach in our newsletters an analysis and investment thesis for at least one of the stocks we’re currently looking at.

Here is the link to all of our stock analyses and how they have performed.

Have a fantastic day!

Your Friend,