In this Mohnish pabrai boston college lecture Mohnish explains why Investors should invest alone.
At first it might appear contra productive. Isn’t it better when more people combine their thoughts and ideas ? In investing this is not necessarily the right approach. Everybody is different and has their different views and perspective. What might sound like a good investment to you might not be a good one for another. Mohnish Pabrai mentions that if he would hire an analyst he would pay him NOT to present him Ideas. Instead he would just like to consult him whenever he needs to have a second opinion on a stock he likes already.
I feel the same way. I would hate it if I would have to discuss every Investment Idea with a lot of people. I usually build my own opinion after doing research. If anything I just ask some people that I trust general questions about a sector or if there could be something that I have overlooked. Investing is very personal and nobody really sees a company the same way you see.
All in all a very useful lecture with Mohnish Pabrai. Please let me know in the comments if you prefer to discuss your ideas with others or if you prefer to act alone.