By Daily Crux Contributor Ryan Lepine:

As a student of Warren Buffett's investing philosophy, Mohnish Pabrai became one of the great value investing successes of the past 10 years.

From 1999-2007, Pabrai made annualized returns in excess of 29%. Like many value investors, his fund took a big hit in 2007 and 2008, primarily because he doesn't short stocks or use options.

He won't buy gold, because he believes it's impossible to value and says Chinese stocks are outside his area of expertise.

Pabrai is heavily invested in well-run real estate and construction companies like Cresud (CRESY), Brookfield Properties (BPO), Terex Corp (TEX), and insurance/diversified holding companies including Berkshire Hathaway (BRK-B), Fairfax Financial Holdings (FFH), and Leucadia (LUK)]. He says these will benefit most from future inflation as well as normal economic growth.

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