Charlie Munger famously advised Mohnish Pabrai that investors would be much better off if they did just three things:
Carefully evaluated where other great investors are investing (through 13-Fs)
Looked at the cannibals (companies that are buying back their stock)
Carefully studied spin-offs
With that as a backdrop, let's review what some of the best investors in the world are doing in the spin-off world. Please note I focus on super investors with concentrated portfolios as it's easier to identify high-conviction bets.
Abrams Capital
Abrams didn't buy in any spin-offs this quarter. It decreased its