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Investors don’t know how to properly value real estate companies, says Pabrai Investment Funds

Updated : October 30, 2018 18:07:09 IST

Investors don’t know how to properly value real estate companies and we should never try to look for rationality in market levels or market prices, said Mohnish Pabrai, managing partner of Pabrai Investment Funds.

“Effectively forget the market but look at individual businesses; when they are offered at bargain basement prices, we buy and when they are sold at ridiculously high prices, we sell and that’s pretty much it,” he said.

We do not particularly care about what is happening with Brent or what is happening with growth or what is happening with NBFC, all of those are in the noise range; we do not care about those things,” Pabrai added.

Talking about India bet, he said Pabrai Investment Funds bought some sizeable chunks and they are buying every day.
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