MMAC - MMA Capital Holdings Is A Profitable Business With Liquid Assets And Share Price Too Far Below Liquidation Value
Mohnish Pabrai is one of the best-known value investors and, probably, has the highest ratio of fame/assets under management. Pabrai doesn't manage billions like Klarman or Buffett (yet) but his famous Dhandho framework and 'low risk, high uncertainty' motto are well-recognized across value investing community. (More on Dhandho you can read in his blog).
Pabrai likes situations when Mr. Market drops the price of an asset because of its highly uncertain future, but when you dig in the probabilities, it becomes obvious that most scenarios don't lead to the loss of principal. He calls