Shameless Cloning: Why I Decided to Make Investments in Coal Companies

Mohnish Pabrai, a renowned value investor that I have been following for years, openly attributes some of his investment successes to a strategy he terms “shameless cloning.” He is the author of an excellent investment book called The Dhandho Investor, which I highly recommend. Pabrai’s approach involves meticulously emulating the investment philosophies, strategies, and mental models of shrewd investors and even copying their stock purchases. His commitment to this method is evident in his own words: “I’m a shameless copycat… I have no original ideas.”