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Re: The Dhandho Investor - Mohnish Pabrai
Pete,
I agree about the housing and mortgage related business. Stocks like Home Depot (HD) will rise dramatically once the housing market starts to turn around. My thought is though, why buy now and sit on a stock going nowhere? I think a guy could get the same price as today, or an even better price, 6 months to a year from now considering the housing market won't turn around in under a year. My thought was to wait and watch and invest a little closer to when things will turn around.
Warren Buffett bought a lot of USG last year. It must have looked good before the housing bust. So I'm assuming that would be a stock to watch which should turn around down the road, too.
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