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Publisher 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.

Business & Personal Finance
January 6
John Wiley & Sons, Inc.

Customer Reviews

Cepega B ,

Great Book!

Got alot of good points!

Bondophile ,

A Must-Read For Anyone Interested In Beating The Market

Dhandho (pronounced dhun-doe), literally translated, means "endeavors that create wealth."

I'm a long-time Pabrai Funds Limited Partner and have had the good fortune (pun intended) to watch Mohnish Pabrai develop into an excellent and disciplined money manager. Mohnish was kind enough to give us all copies of this book when it was first published in print format. The book covers well the nuts-and-bolts of value investing, the ‘heads I win, tails I don’t loose much’ perspective, shows why to concentrate on your best investment ideas, not diversify away from them, and explains when and why to sell an investment.

Even after the market chaos of 2007 – 2008, Mohnish’s 10-year track record (through mid-2011) is still around 18% net of all his fees. There is much to learn from this man.

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