User 94487

About Pinnacle Airlines, and Concentrated Risk

The just filed 13F from Pabrai indicates that WCG was sold completely, after being featured by Pabrai at May Value Investing Congress.

Guru Returns Show Just How Tough the Going Has Been Lately

This list of performance is junk, since it appears to be based only on a static view of publicly disclosed long positions on 13-Fs.

Thus it excludes the results of short positions, and the results of any changes made to the long portfolio since disclosure. 13-Fs also do nto show the results of securities not required to be disclosed on 13-Fs, ie non-US securities.

Also, the 13-Fs ignore the case position, which in the case of FPA is very significant.