Subject: Interesting Comparisons
Mohnish Pabrai was a huge fan & friend of Charlie Munger, I wonder how Charlie felt about Mohnish's investment style.
Mohnish has managed the Pabrai Funds for over 20+ years with approx $1B AUM under management. He runs an extremely concentrated portfolio with current emphasis in Turkey with 3 companies cover 80% of the portfolio.

Always interesting to compare recent,(thru 6/30/2025), as well as long term performance comparisons.
PIF-2 is the oldest Pabrai fund started in late 2000.

Yrs <S&P 500> .... <BRK-A> .... <PIF-2>

1..........14.7%/Yr........19.2%/Yr.......-24.8%/Yr

3..........19.7%/Yr........21.6%/Yr........20.2%/Yr

5..........16.9%/Yr........22.4%/Yr........11.5%/Yr

10.........13.4%/Yr........13.4%/Yr.........5.9%/Yr

15.........14.7%/Yr........12.8%/Yr.........8.2%/Yr

20.........10.6%/Yr........11.4%/Yr.........6.7%/Yr

<hope the formatting doesn't blow up>

ciao