During the course of my weekend reading, I came across an interesting note from Mohnish Pabrai.
We live in a complicated, fast-moving world. Information and news fly at us pretty much all day.
The coal industry still has a big role in the global energy picture.
Private equity funds see it as the land of long-term opportunity.
It is worth the patience and discipline required.
You only need to ask these two questions when selecting a stock.
These aren't classic deep-value stocks, but they have high potential.
An activist position in Cliffs Natural Resources that I wrote about Tuesday started me thinking about where we might be able to find other interesting companies that activists were involved in but were not quite on the Carl Icahn-type radar screen.
I keep track of activist investors as a matter of course as they often identify undervalued stocks and are successful at unlocking value in the form of a higher stock price. If you get in early enough quite a bit of money can be made riding their coattails.
Real Money's Tim Melvin thinks the current downturn is just a bump in the market advance.