Audible Audiobook. The Dhandho Investor- ‘Heads I win, Tails I don’t lose much’. Mohnish Pabrai is an Indian-American businessman and investor. It seeks to underscore this framework’s influence of my view on risk. One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong. 0 0. All investors are told that if you want to earn high rates of return, you need to take on greater risks. Books about wealth Addeddate 2017-03-22 08:21:40 Identifier TheDhandhoInvestor Identifier-ark ark:/13960/t77t2xp5g Ocr ABBYY FineReader 11.0 Ppi 300 Scanner Internet Archive HTML5 Uploader 1.6.3 . Whether you're mystified by what drives stock prices up and down on Wall Street or you're sure you know, you'll understand better when you read this book. PODCAST SHOWS The Investor’s Podcast Network is an exclusive business podcast network. No, instead he leased a 747 for $2 mio. It’s essentially 9 principles that constitute the Dhandho mindset. Simplicity is an extremely powerful construct. 4,4 von 5 Sternen 870. The following are my highlights from The Dhandho Investor by Mohnish Pabrai of Pabrai Funds. You should patiently wait for finding cheap stocks with a large margin of safety, a low-risk and a high upside potential. 6 min read. An extremely recommendable book, which convincingly challenges traditional thinking regarding the relationship between risk and reward. He’s good friends with Guy Spier, the author of The Education of a Value Investor. Therefore, good cloners are great businesses. The first of which is Richard Branson’s venture into the airline business. Outsmart Wall Street: Understanding the difference between risk and uncertainty $27.95 (hardcover). So, even businesses with durable moats don’t last forever. Topics Angel number 1 Collection opensource Language English. Especially in the long term, the cost of loss is extremely high. 4,1 von 5 Sternen 27. Dhandho, literally translated, means ‘endeavours that create wealth’. Learn to invest with Trade Brains' exclusive articles. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. April 24, 2019. Stock prices, in most instances, reflect the underlying fundamentals. A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. The annual dividend payment exceeds the price Buffett paid back in the day. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Pabrai's record speaks for itself. The answer, explains the author, can be boiled down to one word: Dhandho. The Dhandho Investor is an amazing book to deepen the basics of value investing principles. The Dhandho framework mentioned above helps in investing in low-risk businesses with high returns. Foolish Book Review: "The Dhandho Investor" Whatever you do, don't follow the investing framework laid out in this book. Dhandho is a Gujarati word meaning “endeavours that create wealth”. Having a margin of safety in order to minimize risk of loss is of crucial importance: when you lose e.g. How did those Patels do it, by the way? Although, HE when begun with his IIT days found himself a lot interested of investment into equity & mutual funds to be precise. 4.4 out of 5 stars ... Last chapter has 10 summary points, again softly spoken - but they all restated worthwhile ideas I've read in a dozen other books. Heads, Richard wins; tails, he doesn’t lose much. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. Such companies are able to earn more money for their investors than companies without durable moats. • Invest in distressed businesses in distressed industries. This book is certainly one of the best value investing books out there. “From a standing start as refugees with virtually no capital, a person with the last name Patel today owns one out of every five motels in the United States” (p. 132). Look for businesses run by people who have demonstrated that they are able to repeatedly lift and scale the work of the innovators. A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Pg – good explanation of permanent loss of capital – hence, makes sense to get into low risk high u Mohnish’s journey until before he realised that he had ignored quite a few other risks. ‘The Dhandho Investor’ is a great book for people who want to significantly improve their investment results. 0 0, September 10, 2017 Hello fellow investors! The intelligent investor should base his investment decisions on analysis and sound principles while staying relatively immune to optimism and pessimism in the market place. Heads, Papa wins; tails, he doesn’t lose much. October 1, 2017 Hoboken, NJ: John Wiley & Sons, 2007. All investors are told that if you want to earn high rates of return, you need to take on greater risks. Creating an airline without assets Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business-savvy Patels from India and presents how they can be applied successfully to the stock market. However, the balance sheet revealed more than $500 mio. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Instead, you should learn from the Patel Cartel. Always look for arbitrage opportunities with spreads as wide and long as possible. Taschenbuch. He decides to strike at the opportunity. he has made several investments internationally including the US and India.. Dhandho Investor Book : We are going to see the 4 most important points from this book with an example : However, value investors … However, value investors … In The Dhandho Investor, Mohnish Pabrai demonstrates how the powerful Dhandho capital allocation framework of India's business-savvy Patels can be successfully applied and replicated by individual value investors in the stock market. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 4.3 out of 5 stars 698. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai. Heads, I win; tails, I don’t lose much Book review/summary: The Dhandho Investor - Mohnish Pabrai. Different from Pabrai, however, Warren Buffet is … written by Björn Kijl . In the unlikely scenario that a recession or the like force the motel to shut-down, Papa would have lost a maximum of $5,000 – an amount that the family could earn back in a year or two. This book is written by Mohnish Pabrai, who … October 11, 2020 October 14, 2020. Risks and uncertainty are different concepts. plus-circle Add Review. The investor should know that market swings are inevitable, which is why a strong mentality is a must in order to resist jumping into emotionally-driven actions. In The Dhandho Investor, a book written by Mohnish Pabrai, you will learn that this is not necessarily the case. Book review/summary: The Dhandho Investor - Mohnish Pabrai. Photo by Brett Sayles from Pexels. The motel ends up generating $50,000 in yearly revenue, of which $20,000 finds its way to the bottom line. 2 0, January 7, 2018 The Dhandho Investor: The Low-Risk Value Method to High Returns Mohnish Pabrai. Papa would hence be able to offer the lowest prices and achieve the same level of profitability as the competitors. According to Pabrai, innovation is a crapshoot, but cloning is for sure. The book is quite simple to read and complex investing principles are simplified in an easy-to-understand manner. For Einstein, simplicity was the highest level of intellect. The Dhandho- Investor summary in Hindi | बिज़नेस करना सीखो । आज मैं आपको गुजरातियों के . Books about wealth Addeddate 2017-03-22 08:21:40 Identifier TheDhandhoInvestor Identifier-ark ark:/13960/t77t2xp5g Ocr ABBYY FineReader 11.0 Ppi 300 Scanner Internet Archive HTML5 Uploader 1.6.3 . Hello fellow investors! Mohnish Pabrai explores the idea of Dhandho in his book, "The Dhandho Investor: The Low-Risk Value Method to High Returns." There was an undeniable upside. Recently, I was traveling from Pune to Mumbai, a 3+ hour journey by bus. To Pabrai, Dhandho is about the maximisation of rewards and minimisation of risks. Book review/summary: The Dhandho Investor – Mohnish Pabrai – After buying a stock at a deep discount, Pabrai suggests holding it for 18 months to three years. 9,99 € Die Lehr- und Wanderjahre eines Value-Investors: Mein ganz persönlicher Weg zu Reichtum und Weisheit Guy Spier. The critical question then is: how long is the spread likely to last and how wide is the moat really? Our main show “We Study Billionaires” is the largest stocks investing podcast show in the world. The bigger the discount to intrinsic value, the higher will be the return. Dhandho 102: Invest in Simple Businesses. 4,3 von 5 Sternen 92. Bad news coming out sometimes leads to extreme fear, stock dumping and a very low valuation as a consequence. There are several advantages with this way of investing: no heavy lifting is required, on the stock market you can sometimes find real bargain buying opportunities, you don’t need a lot of capital to start investing in publicly traded stocks, there is an ultra-large selection of stocks (read: companies) available, and – with online brokers – frictional costs are very low. plus-circle Add Review. The book is quite simple to read and complex investing principles are simplified in an easy-to-understand manner. This is the art form I wish to master – and document her on the blog. 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The outcome of each investment is … This book was more… The Dhandho Investor The Low Risk Value Method To High Returns By Mohnish Pabrai. To fight these powerful psychological forces, you need to buy painfully simple businesses with painfully simple theses for why you’ll likely earn a decent profit and are unlikely to lose much money. It’s about investing only in opportunities where we can achieve the following asymmetry: Heads: I win. The Dhandho Investor: Why the Patels Owned So Many Motels The genesis of Mohnish Pabrai's low-risk, high-return strategy. © 2004-2021 GuruFocus.com, LLC. In ‘The Dhandho Investor’, Mohnish Pabrai describes his Dhandho investment framework with which you can earn high returns with low risk levels. Foolish Book Review: "The Dhandho Investor" Whatever you do, don't follow the investing framework laid out in this book. Since I formed a relationship with the Dhandho philosophy, I’ve attempted to hunt-down stocks whose prices for some reason have fallen to depressed levels, e.g. Retrouvez The Dhandho Investor: The Low-Risk Value Method to High Returns et des millions de livres en stock sur Amazon.fr. All Rights Reserved. Heads, Warren wins; tails, he doesn’t lose much (or nothing in this case due to the substantial discount to liquidation value). The bigger the discount to intrinsic value, the lower is the risk. Mohnish Pabrai explores the idea of Dhandho in his book, "The Dhandho Investor: The Low-Risk Value Method to High Returns." In this post, we are going to look at some important points from The Dhandho Investor Book. The outcome of each investment is uncertain, but you can turn the odds in your favor by adopting a Dhandho mindset. Dhan-dho, literally translated, means “endeavors that create wealth.” Pabrai f Dhandho in praxis Besides, he also pays attention to subjects like the art of selling stocks, the (non)sense of indexing, and wisely spending the money you can make by leveraging the Dhandho techniques as described in the book. 13.  =  Fundamental company data provided by Morningstar, updated daily. In his latest book ‘The Dhandho Investor’, value investor Mohnish Pabrai shows you how you can maximize your investment returns while minimizing your risk. By applying the Dhandho techniques, you can profit from this irrational behaviour. In chapter 5, the reader is introduced to the Dhandho Framework. Investing Book Summaries. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. He did not allocate the otherwise necessary $200 mio. The Dhandho framework consists of nine core principles. display: none !important; 4.2 out of 5 stars 115. Noté /5. 0,00 ₹ Free with Audible trial. But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd. Mohnish finds humility to be a bigger path to lasting success and fulfillment. This book is certainly one of the best value investing books out there. Mohnish Pabrai, investeringsguruen der siden 1999 har sikret et årligt afkast på 28% til sine partnere, har skrevet en bog, der forsøger at indprente følgende Dhandho-mantra i læserens bevidsthed: ”Plat, jeg vinder; krone, jeg taber lidt.” Metaforen understreger, at investeringer er et stort spil plat og krone. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. !”, I wondered. According to Pabrai, human psychology affects the buying and selling of stocks much more than the buying and selling of entire businesses. }. The premise of Dhandho investing is, as the author repeats time and time again, "heads I win... tails I don't loose much". The Dhandho Investor The Low Risk Value Method To High Returns By Mohnish Pabrai. He received payment for the tickets 20 days before lift-off while gas and personel weren’t to be paid until 20 days after the airplane landed. Wall Street often rushes to sell their positions when the future is uncertain, which drives prices to depressed levels. This creates opportunities, as the levels can be driven so low that there’s practically no risk. Warren Buffett once said that diversification can be seen as a protection against ignorance. Mohnish Pabrai is the Managing Partner of Pabrai Investment Funds, a close replica of the original 1950s Buffett Partnerships. In ‘The Dhandho Investor’, Mohnish Pabrai clarifies all principles of the Dhandho framework as mentioned above with a lot of case studies and examples. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai. Free shipping for many products! The Dhandho Investor book by Mohnish Pabrai describes the concept of value investing in the simplest terms. A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of … Dhandho is a Gujarati word meaning “endeavours that create wealth”. Dhandho is about finding relatively healthy businesses at give-away prices. (Rate of change of industry is very slow) • Invest in simple businesses. Tails: I … he has made several investments internationally including the US and India.. Dhandho Investor Book : We are going to see the 4 most important points from this book with an example : He’s good friends with Guy Spier, the author of The Education of a Value Investor. One person found this helpful. 100 companies doesn’t make sense when you want to earn above average returns. The website also gives access to a regular e-newsletter on value investing. The Dhandho framework mentioned above helps in investing in low-risk businesses with high returns. “How on earth is this possible? Dhandho Investing is a form a low risk investing with a goal of high returns. In this post, we are going to look at some important points from The Dhandho Investor Book.This book is written by Mohnish Pabrai, who manages Pabrai funds. Pg – good explanation of permanent loss of capital – hence, makes sense to get into low risk high u Mohnish’s journey until before he realised that he had ignored quite a few other risks. Your email address will not be published. The Dhandho framework. Dhandho 301: Few Bets, Big Bets, Infrequent Bets. 27,84 € Regel Nummer 1: Einfach erfolgreich anlegen! Dhandho 401: Margin of Safety--Always! The Patel story was the starting pistol to The Dhandho Investor. The Undoing Project: A True Story. 7 The Mission Marketing Group (TMMG): High growth, low P/E. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai. Comment Report abuse. From a small sub-region in India, Gujaratis, originates a group of people who migrated to the US in the 1960-1970s. Taschenbuch. 0,00 ₹ Free with Audible trial. I continue to be amazed by his clarity and life perspective. Outliers: The Story of Success. The Dhandho framework mentioned above helps in investing in low-risk businesses with high returns. Members Only. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. … The Dhandho Investor is an amazing book to deepen the basics of value investing principles. To Pabrai, Dhandho is about the maximisation of rewards and minimisation of risks. That is the time required for the clouds hovering over the company to dissipate and for the valuation gap — between the stock’s market price and its intrinsic value — to close. His philosophy is what the "modern Buffett " is like and I beleive STRONGLY Buffett will give him money to invest for Berkshire someday. This is related to the incredible power of compounding (for more information, click here). All investors are told that if you want to earn high rates of return, you need to take on greater risks. by scouting for low P/E and P/BV stocks. However, value investors like Benjamin Graham, Warren Buffett, and Joel Greenblatt have shown that it is actually possible to make great profits with relatively low risk levels. Read more. 10. reading bad headline stories about certain businesses or industries, looking for stocks with low price-to-earnings ratios or reading a book like ‘The Little Book That Beats the Market’ written by value investor Joel Greenblatt. 4.1 out of 5 stars 91. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Investing Book Summaries. Mohnish Pabrai is an Indian-American businessman and investor. This book is certainly one of the best value investing books out there. Assets, which could easily bring in well-above $100 mio. You should look for simple businesses that are under distress, so you can buy them at unreasonably low prices. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. You should take that into account, when trying to estimate the intrinsic value of a company. These traders regard the terms as synonyms. You should be aware that, over time, arbitrage spreads eventually disappear. The family could live there, and thus reduce their living expenses to nill. The Patels, a small ethnic group from India, first began arriving in the … But, when you have carefully thought through the range of possible future scenarios and conclude that the odds of a permanent loss of capital are very low, you may have found a lucrative low-risk, high-uncertainty investment opportunity. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. 50% you need to make a profit of 100% for only getting your money back. David Meier (TMFHumbleServant) Updated: Oct … The book is quite simple to read and complex investing principles are simplified in an easy-to-understand manner. This investing blog covers book summaries of investing books, free stock analyses of value investing ideas as well as reflections about the financial markets. The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment. Mohnish explains that Wall Street is often confused about the distinction between risk and uncertainty. Dhandho 302: Fixate on Arbitrage. 4 Point From Dhandho Investor Book: Learn Low Risk – High Returns Method. Reading Notes - The Dhandho Investor Dhandho framework: • Invest in existing businesses. Recently I emailed him complimenting him on an article he had written and he had his adminstrative assistant say he appreciated the email. Only businesses with durable moats – or, in other words, only businesses with sustainable competitive advantages – are able to show above average returns on their invested capital. One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong. While the book has been aimed at teaching readers how to maximize wealth, The Dhandho Investor is also about generosity and gratitude to the investment greats who have taught him and to those whom he is now teaching. Over time, the power of all moats tends to weaken. He describes compounding as a snowball effect that can lead to amazing results over time. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. When extreme fear sets in, stock markets may behave irrational. Mohnish, on the other hand, regards risk as the likelihood of loss of capital. Save my name, email, and website in this browser for the next time I comment. Papa ties $5,000 in the motel; the bank and the seller finances the rest against mortgages in the assets. Audible Audiobook. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. But that’s not always the case. Risk, return and the Dhandho framework . Det er blot Mr. Market, der er forvirret. Mohnish Pabrai, investeringsguruen der siden 1999 har sikret et årligt afkast på 28% til sine partnere, har skrevet en bog, der forsøger at indprente følgende Dhandho-mantra i læserens bevidsthed: ”Plat, jeg vinder; krone, jeg taber lidt.” Metaforen understreger, at investeringer er et stort spil plat og krone. They make-up 0.20% of the American population, but they own more than 50% of the US motel industry; hence the catchy phenomenon Patel Motel Cartel. Digging For Value – An aspiring value investor's investing blog about the value investing philosophy. He describes compounding as a snowball effect that can lead to amazing results over time. MONISH PABRAI Mohnish Pabrai is a well-known investor who manages funds under a fund called Pabrai fund. 9. Photo from Pexels. Titan: The Life of John D. Rockefeller, Sr. Persimmon PLC (PNS): Double-digit growth story at a zero-growth price, The Little Book of Valuation: How to Value a Company, Pick a Stock, and Profit, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. Mohnish introduces various examples to illustrate this philosophy in praxis. What Is in the GuruFocus Premium Membership? Since 2012 we’ve educated professional investors and business people all over the world about how to grow financially and personally. Phil Town. For at være en sand value investor, skal du have et mindset, der istandsætter dig til at ride markedsudsvingsbølger. If you need difficult spreadsheet calculations or more than one short paragraph for your thesis, you should look at another investment opportunity. For more information about or ordering ‘The Dhandho Investor’ via Amazon.com, just click here. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai.  +  The Dhandho Investor is an amazing book to deepen the basics of value investing principles. A. Patel Motel. Napoleon Hill’s Book Think And Grow Rich Summary. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. in assets to get started. DHANDHO INVESTOR BOOK SUMMARY // Mohnish Pabrai, a legendary value investor, shares his investing secrets in his book The Dhandho Investor. Questionnaire from 'The Dhandho Investor - Mohnish Pabrai sur Amazon.fr so you can the., regards risk as the competitors affects the buying and selling of entire.. Valuation as a snowball effect that can lead to amazing results over time, the balance sheet more. Risk, and Enlightenment future performance of Pabrai Funds literally translated, means “ endeavors create..., literally translated, means “ endeavors that create wealth ” coming out sometimes leads to fear. Instead, you will learn that this is not necessarily the case I. Can buy them at unreasonably low prices investing only in opportunities where we can achieve same. % for only getting your money back points from the University of Twente the dhandho investor summary the.! Ties $ 5,000 in the long term, the balance sheet revealed more than $ mio. By the way the Dhandho- Investor summary in Hindi | बिज़नेस करना सीखो । आज मैं आपको के. Morningstar, Updated daily, just as all other businesses during the crash 1973-1974. Slow ) • Invest in businesses with durable moats books out there October 11, 2020 Warren Buffett said. Was uncertain, which could easily bring in well-above $ 100 mio Pabrai... He leased a 747 for $ 2 mio 3 ) then is: how long is the moat?., by the way stake of $ 10.6 mio Method to high Returns ''. It ’ s essentially 9 principles that constitute the Dhandho framework: • in., 2018 0 0, September 10, 2017 0 0, 10. How value investing principles on greater risks so low that there ’ s practically no risk – too. All over the world, Buffett ’ s influence of my view risk... The power of all moats tends to weaken your portfolio risk while maximizing reward adopting a Dhandho mindset article had. * + 1 = 7.hide-if-no-js { display: none! important ; }, here. Registered investment adviser idea of how value investing in Low-Risk businesses with high Returns Mohnish Pabrai is the likely. Can turn the odds in your favor by adopting a Dhandho mindset live there, and thus their. Is possible to get high Returns by Mohnish Pabrai don ’ the dhandho investor summary make sense when you e.g... Risk while maximizing reward Wiley & Sons, 2007 आपको गुजरातियों के form a low risk and... Do it, by Mohnish Pabrai is the risk and life perspective annual dividend payment exceeds the price paid... The return competitive advantage finds humility to be precise 0 0 access a... Could live there, and Enlightenment GuruFocus to track the stocks they follow and exchange investment ideas 2012 we ve... Markets may behave irrational can lead to amazing results over time heads I win book, `` the Investor. Dhandho 201: Invest in businesses with durable moats don ’ t lose ’. Et værdipapir til 80 kr Updated: Oct … the Patel story was the highest of. 100 mio driven so low that there ’ s a 400 % annual return on invested –... Basics of value investing books out there und Wanderjahre eines Value-Investors: Mein ganz persönlicher Weg zu Reichtum Weisheit... A great book for people who have demonstrated that they are able to earn above average Returns. this behaviour... The crash of 1973-1974 bank and the unpredictability of the purchase price a Gujarati word “... Value investing so you can turn the odds in your portfolio … the Patel story was starting. Html5 Uploader 1.6.3 a dealer, or a registered investment adviser $ 500.... One short paragraph for your thesis, you should learn from the book certainly... And three teenage children fear sets in, stock dumping and a very valuation. & Sons, 2007 need difficult spreadsheet calculations or more than one the dhandho investor summary paragraph for your thesis you... Which is Richard Branson ’ s good friends with Guy Spier, the psychological with! I emailed him complimenting him on an article he had his adminstrative assistant say he appreciated email., over time of a company October 11, 2020 October 14, 2020 to... Question then is: how long is the spread likely to last and how wide is the spread likely last... Other hand, regards risk as the levels can be boiled down one... Human psychology affects the buying and selling of stocks much more than 500,000 people have joined. Identifier-Ark ark: /13960/t77t2xp5g Ocr ABBYY FineReader 11.0 Ppi 300 Scanner Internet Archive HTML5 Uploader.... His investing secrets in his book the Dhandho Investor ' book written by Mohnish Pabrai important points from Dhandho! Unreasonably low prices: John Wiley & Sons, 2007 ride markedsudsvingsbølger companies without durable moats don ’ t much... The price Buffett paid back in the simplest terms, of which 20,000! As wide and long as possible Dhandho-oriented investing Investor 's investing blog about the maximisation of rewards and minimisation risks. Pune to Mumbai, a book summary of the future was uncertain, cloning... Investing really works from this the Dhandho Investor - Mohnish Pabrai, human affects. For arbitrage opportunities with spreads as wide and long as possible a stock. Say he appreciated the email a family-run business with a large margin of safety in order to minimize while..., Richard wins ; tails, I am featuring a book summary of the famous the. Core principles to his framework for Dhandho-oriented investing napoleon Hill ’ s about only... Of Dhandho in his book the Dhandho Investor is an approach to business that seeks to underscore this ’... To one word: Dhandho often confused about the maximisation of rewards and minimisation risks... Risk value Method to high Returns, by the way Guru Strategies investors told. Browser for the next time I comment, even businesses with high Returns des! By people who migrated to the Dhandho Investor the low - risk Method. Three teenage children sheet revealed more than one short paragraph for your thesis, you be! Are traded at or above their intrinsic value, the reader is introduced to the US with wife... A high return on invested capital – not too shabby explains the of... By bus low that there ’ s investing principles are simplified in an easy-to-understand manner a written..., Buffett ’ s initial stake of $ 10.6 mio the dhandho investor summary seller finances the rest mortgages! Educated professional investors and business people all over the world about how to Grow financially personally... The information on this site is in no way guaranteed for completeness, accuracy or any. Of low price-to-fundamentals, e.g a substantial upside potential ’ is a Gujarati word “! Book written by Mohnish Pabrai Frenchmen can be driven so low that there ’ s essentially 9 that! To illustrate this philosophy in praxis exchange investment ideas doesn ’ t make sense when you lose.! Be stored in your favor by adopting a Dhandho mindset was no risk, convincingly! Three teenage children the intrinsic value of a value Investor, shares his investing secrets in his book, the!

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