It often works wonderfully.Smallcap stock Rain Industries, where ace stock pickers Dolly Khanna and Mohnish Pabrai hold over 1 per cent stake each, rewarded copycat investors handsomely by surging over 250 per cent in last one year.Dolly Khanna bought 42.68 lakh shares, or 1.27 per cent, stake in the company during the June quarter. Mohnish Pabrai bought his stake in the company much earlier and has already earned multibagger returns. And he still holds it.At last count, The Pabrai Investment Fund held over 2.90 crore shares in the company. Pabrai is a big follower of Charlie Munger and Warren Buffett Sidecar investing is basically copycat investing, in which investors tend to ape stock portfolios of expert/star investors. We are very positive on Rain Industries.

Source: Economic Times July 12, 2017 05:23 UTC