I wanted to learn what made it real for him. He is honest enough to say that he has very few original ideas. Pabrai has simplified thestrategy for successful investing. All investors are told that if you want to earn high rates ofreturns, you must take on greater risk. Book review/summary: The Dhandho Investor – Mohnish Pabrai –Ĭombining their legendary investing wisdomwith the business acumen of the Patels, Pabrai lays out the Dhandhoframework in an easy-to-use format that will help any investorsignificantly improve on their results and soundly beat themarkets–as well as most professionals. Charlie Munger once mentioned that of the fifty most important stocks on the NYSE intoday only one is still in business General Electric.
By buying an asset at a very low price, you curtail your downside risk - the maximum you can lose. I have been struggling to read The Intelligent Investor for more than a year now. Mohnish’s journey until before he realised that he had ignored quite a few other risks. The guy had a job and used his savings to build a company on the side. It is subject to only a slow rate of change. Pabrai offers extensive illustrations using the Patels, whose heritage was from Gujarat India, but who had migrated to and succeeded in Uganda, only to be expelled by Idi Amin. I just finished The Dhandho Investor for the second time, and doubt it will be my last. In this book, Pabrai distills the methods of Buffett,Graham, and Munger into a user-friendly approach applicable toindividual investors. Therefore, good cloners are great businesses.
#Mohnish pabrai dhandho investor how to#
Book Review: Mohnish Pabrai’s ‘Dhandho’ shows how to profit from bad news The Patels bought motels at very low prices. Make only a few but large bets, he advocates. The beauty of the book is that he writes in a way that is simple and understanding enough for any everyday person to digest, which makes this a great place for even the newest investor to start learning. For Einstein, simplicity was the highest level of intellect. 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. Monish is a proven successful investor and he has basically laid out the way he makes his investment decisions. The astute investor can see that the market is making a mountain out of a mole hill, and with time the company will be able to work its way out of the hole. To ask other readers questions about The Dhandho Investorplease sign up. It tells you what not to do and helps guide you on where you should get started to learn what you need to do. Perhaps if i was a multi millionaire or something i might get even more nuggets from this book. If you are a seller for this product, would you like to suggest updates through seller support? The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. I also think that there is a gem to find in there for any investor, no matter how much or how little experience they have.Īny investor who adoptsthe framework is bound to improve on results and soundly beat themarkets and most professionals. In simple language no greekMohnish explains how to go about zeroing in on one investment among the sea of options.įew bets, big bets, infrequent bets. Enamoured more about this event than by the author, I had written an amateur piece on value investing on my blog value investing.
#Mohnish pabrai dhandho investor free#
I think the public might get the message better if it were explained in terms of the quest for the absolut free lunche nirvana ie: Risk, return and the Dhandho framework Most people think risk and return are related.
Pabrai set up an investing partnership modeled after the. Mohnish Pabrai is a 50 something Indian-American entrepreneur and investor. Pabrai talks about his firsthand encounters with Buffett and. In this episode we talk to Warren Buffett clone and renown investor, Mohnish Pabrai. A comprehensive value investing framework for the individualinvestor In a straightforward and.
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