So you can whip through The Dhandho Investor in a couple of days without a sweat.
#The dhandho investor review plus#
Plus the book is only about 180 pages and the font is quite large. While a lot of value investing and technical trading books are tough to understand, The Dhandho Investor is very easy to grasp. The main differentiator between this and other books I have read is that this book describes a philosophy first and strategy and techniques second. The Dhandho Investor is a fantastically simple investing book. Most importantly, his ideas are focused on ordinary, poor, underprivileged individuals who make it all the way through the chakravyuh and come out victorious, all presented in an angaging story-telling style, so they really stay in your head as vivid images long after the book is finished. The Patels, a small ethnic group from India, first began arriving in the United States in the 1970s as refugees. I made so many highlights in the book it is not even funny. In The Dhandho Investor, Mohnish Pabrai demonstrates how the powerful Dhandho capital allocation framework of Indias business-savvy Patels can be successfully applied and replicated by individual value investors in the stock market. There are a ton of examples and mathematical formulas that Mohnish uses to demonstrate the basics of the value investing (or Dhandho style investing). With this approach in mind, Mohnish goes on to examine stories of outstanding success, often by immigrants (Papa Patel, Manilal Chaudhari, himself) who came in the United States with nothing but a solid dhandho (work) philosophy, which transformed into an investment philosophy, which transformed into the above average successes. It uses several formulas and ideas (for example, Buffett’s idea of the “moat,” Kelly’s formula, the Magic Formula, arbitrage,) and throws in some fascinating thoughts on an ancient military battle formation calledĬhakravyuh (one of the deadliest formations a general can encounter) and the ways to break through it, and ties this all together into a neat little story to describe the main tenants of his “philosophy.” The main among them is this one: “Heads, I win tails, I don’t lose much.” It is closely aligned with value investing principles of Graham and Buffett, but takes a slightly different approach.
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Using a light, entertaining style, Pabrai lays out the Dhandho framework in an. Mastering the Market Cycle by Howard Marks is a detailed reminder of how the market cycles work and teaches us Marks investing philosophy using this insight. The Dhandho Investor from Dymocks online bookstore. Book review: Mastering the Market Cycle by Howard Marks.
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This is the best book on investment principles I have read so far (but I only read 2 or 3, so…). Book review, Dhandho, Dhandho Investor, Investing, Monish Pabrai, stock market. doesnt do any good to look at the cards.2. It is widely acknowledged in the investing community that the knowledge gained from reading such gems will be lot more fruitful for the average investor. This book, The Dhandho Investor, is a synthesis of ideas Ive encountered in my readings, interactions with.
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Reviewing “The Dhandho Investor: The Low-Risk Value Method to High Returns” by Mohnish Pabrai The Dhandho Investor Book Review I have decided to launch a new category on this blog where I will discuss my insights gained from reading investing books written by famous investors.