Mohnish Pabrai's interview regarding the financial crisis

"The only change that the recent turmoil around us has caused is to make me completely ignore the financial-services space -- no long or short bets. I just leave that area alone. I throw it in the "too difficult" pile.

But here's the important part: Because of all the recent turmoil we've seen, there are some incredible opportunities outside the financial-services space. Right now, that's really the place to make some hay!

The biggest thing I've learned from Warren Buffett is, as far as possible, you want your investments to be total no-brainers. If you have to wrap your head around the situation, and think to yourself, "Well, I think housing construction might make a rebound," or, "I think GM (NYSE: GM) and Ford (NYSE: F) will start building better hybrid cars" -- when you start talking like that, you're almost defeating yourself.....

What I'm looking for is something that blows me away. It should be painfully obvious. I want to be completely blown away with what I see, or else I'm not interested."-Stock Article Link

Here's more notes on his annual Sept meeting.-Stock Article Link