Mohnish Pabrai: Goldman Sachs
Finally, we come to Mohnish Pabrai, author of the Dhandho Investor and one of my favorite investors. Pabrai is known for running a highly concentrated portfolio, and for good reason. As of his most recent filings, two-thirds of his portfolio was invested in the financial sector.
Pabrai’s largest holding that pays a dividend of any size is Wall Street super-bank Goldman Sachs (NYSE:GS), which yields a modest 1.8%.
Pabrai is betting big on the financial sector, and Goldman alone accounts for more than 19% of his portfolio. To say that this was a “high-conviction” investment for Mr. Pabrai would be an understatement.
Charles Lewis Sizemore, CFA, is the editor of the Sizemore Investment Letter, and the chief investment officer of investments firm Sizemore Capital Management. Sizemore Capital is long WMT. Sign up for a FREE copy of his new special report: “Top 3 ETFs for Dividend-Hungry Investors.”