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Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

How Pabrai Is Weathering the Storm

Morgan Housel down recently with famed value investor Mohnish Pabrai and got a chance to pick his brain on everything from the short-selling ban to his recent lunch with Warren Buffett. Morgan Housel shares Pabrai's thoughts on the recent market turmoil, and how he's looking for bargain investments during these tumultuous times.

Here's what he had to say.

 

Pabrai's pick

My guess is that he is buying KHD Humboldt. Pabrai used to own this few years earlier when it has called MFC Bancorp

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