You have to hand it to Mohnish Pabrai. For a guy whose firm is sliding downward rather swiftly, he’s certainly confident.
The head of Irvine, California–based Pabrai Investment Funds, excitedly tells investors in an October 11 letter that he raised $9.8 million from new and existing investors in the third quarter after opening two of his three hedge funds for the first time in several years.
