Book description
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.
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.
Mohnish Pabrai is the Managing Partner of Pabrai
Investment Funds, an investment group modeled after the original 1950s
Buffett Partnerships. Since its inception in 1999, Pabrai Funds have
delivered annualized returns of over 28% (net to investors). He has
been favorably profiled by Forbes and Barron's and has made guest
appearances on CNBC and Bloomberg TV and Radio.
