The Dhandho Investor: The Low-Risk Value Method to High ReturnsA 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. 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. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals. |
Contents
1 | |
15 | |
Virgin Dhandho | 23 |
Mittal Dhandho | 29 |
The Dhandho Framework | 35 |
Invest in Existing Businesses | 47 |
Invest in Simple Businesses | 51 |
Invest in Distressed Businesses in Distressed Industries | 59 |
Fixate on Arbitrage | 85 |
Margin of SafetyAlways | 99 |
Invest in LowRisk HighUncertainty Businesses | 107 |
Contents | 131 |
Abhimanyus DilemmaThe Art of Selling | 147 |
To Index or Not to IndexThat Is the Question | 169 |
Investing Lessons from a Great Warrior | 179 |
Notes | 185 |
Invest in Businesses with Durable Moats | 65 |
Few Bets Big Bets Infrequent Bets | 71 |
Index | 193 |
Other editions - View all
The Dhandho Investor: The Low-Risk Value Method to High Returns Mohnish Pabrai No preview available - 2007 |
The Dhandho Investor: The Low-Risk Value Method to High Returns Mohnish Pabrai No preview available - 2011 |