But for one reason or another, few have really followed in Buffett’s shoes. Especially given that we know how powerful modeling someone more successful than you has proven in the past. You’d think mimicking this approach would be a common occurrence. This approach is focused long-term value investing inspired by the likes of Warren Buffett and Ben Graham. He has taken an approach that has been proven more successful than any other over the long term and knocked it out of the park. In the investment space he is one of my most admired mentors. Since I first began reading about Mohnish a few years ago, I have been in awe, first due to his intense love for life and the people around him, and second for his incredible achievements as a businessman and value investor. As a value fund manager, relatively new to the professional space, attending the meeting was an incredible experience. First off, no I am not a Pabrai Funds shareholder, but as one of the many demonstrations of Mohnish’s appreciation for people and helping them in their quests for success, he extended me an invitation. I have had the pleasure of spending time with Mohnish on two occasions, first in Omaha this year and the most recent being his annual shareholders meeting in Huntington Beach, CA. At 18.8% a year since 1999, the author has the track record to prove it. A quick and inspiring read that will have anyone believing value investing is the only true way to amass significant wealth in the market over the long run. I just finished The Dhandho Investor for the second time, and doubt it will be my last.
I wanted to learn what made it real for him. Why I Read this Book: Pabrai has proven his application of value investing to be hugely successful. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.In All Topics, Career & Purpose, Entrepreneurship, Investing & Finance
Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. 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. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. 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. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. The Dhandho Investor: The Low-Risk Value Method to High ReturnsĪ comprehensive value investing framework for the individual investor
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