Charlie Munger is famous for saying that investors should use a checklist for selection of companies to invest in. Mohnish Pabrai recently presented on the lesson he learned from the 2008 Credit Crisis and talks about his process for creating his extensive investment checklist.
The sub-prime tidal wave might have passed, although the second major wave is on its wave. The problem with prime borrowers is going to hit the real estate market soon, as prime borrowers run into difficulty making payments on their loans. The problem with prime borrowers isn’t the falsification of income or loan documentations, instead…
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