Download The Dhandho Investor by Mohnish Pabrai PDF book free online – From The Dhandho Investor by Mohnish Pabrai PDF: 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. Buy from Amazon
Table of Contents
Mar 22, 2017 The Dhandho Investor The Low Risk Value Method To High Returns By Mohnish Pabrai Item Preview. Download 1 file. The Dhandho Investor book by Mohnish Pabrai describes the concept of value investing in the simplest terms. Even a person new to investing could get a good idea of how value investing really works from this the Dhandho Investor book. He is an unabashed admirer of Warren Buffet and Charlie Munger.
- 4 Editorial Reviews
The Dhandho Investor by Mohnish Pabrai PDF
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.
The Dhandho Investor by Mohnish Pabrai PDF : eBook Information
- Full Book Name – The Dhandho Investor
- Author of this Book – Mohnish Pabrai
- Language – English
- Book Genre – Economics
- Download Format – PDF
- Size – 1 MB
- eBook Pages – 193
Reviews of : The Dhandho Investor by Mohnish Pabrai PDF Book
Inside this Book – Asian Indians make up about 1 percent of the population of the United States—about three million people. Of these three million, a relatively small subsection is from the Indian state of Gujarat—the birthplace of Mahatma Gandhi. And a very small subsection of Gujaratis, the Patels, are from a tiny area in Southern Gujarat. Less than one in five hundred Americans is a Patel. It is thus amazing that over half of all the motels in the entire country are owned and operated by Patels. What is even more stunning is that there were virtually no Patels in the United States just 35 years ago.
They started arriving as refugees in the early 1970s without much in the way of education or capital. Their heavily accented, broken- English speaking skills didn’t improve their prospects either. from that severely handicapped beginning, with all the odds stacked against them, the Patels triumphed. Patels, as a group, today own over $40 billion in motel assets in the United States, pay over $725 million a year in taxes, and employ nearly a million people. How did this small, impoverished ethnic group come out of nowhere and end up controlling such vast resources? There is a one word explanation: Dhandho.
Editorial Reviews
Review
“Today’s greatest rising investor”–Motley Fool
“How to invest the way an Indian migrant with little money would do – by looking for companies with little downside…” (Financial Times, Tues 26th February)
From the Inside Flap
All investors are told that if you want to earn high rates of returns, you must take on greater risk. Of course, the groundbreaking value investing strategies of Benjamin Graham, Warren Buffett, and Charlie Munger have shown that it is indeed possible to keep risk to a minimum while still making a reasonable profit. The Dhandho method takes their successful approach to investing one step further and shows how you can actually maximize rewards while minimizing risk.
Dhandho (pronounced dhun-doe), literally translated, means “endeavors that create wealth.” In The Dhandho Investor, Mohnish Pabrai demonstrates how the powerful Dhandho capital allocation framework of India’s business-savvy Patels can be successfully applied and replicated by individual value investors in the stock market. The Patels, a small ethnic group from India, first began arriving in the United States in the 1970s as refugees with little education or capital. Today, they own over $40 billion in motel assets in the United States, pay over $725 million a year in taxes, and employ nearly a million people. How did this small, impoverished group come out of nowhere and end up accumulating such vast resources? The answer lies in their low-risk, high-return approach to business: Dhandho. This book will show you how to use that same technique to generate high returns in the stock market.
Mohnish Pabrai Net Worth
Pabrai’s hedge funds, Pabrai Investment Funds, have outperformed all of the major indices and over 99% of other managed funds. $100,000 invested with Pabrai in 1999 was worth over $659,000 by 2006–an annualized return of over 28% after all fees and expenses. In this book, Pabrai distills the methods of Buffett, Graham, and Munger into a user-friendly approach applicable to individual investors. Combining their legendary investing wisdom with the business acumen of the Patels, Pabrai lays out the Dhandho framework in an easy-to-use format that will help any investor significantly improve on their results and soundly beat the markets–as well as most professionals.
Pabrai also details each deceptively simple Dhandho concept in a straightforward, entertaining fashion, with individual chapters that explain why you should: Invest in Simple Businesses, Fixate on Arbitrage, Invest in the Copy Cats Rather than the Innovators, and other simple but proven concepts for low-risk, high-reward Dhandho investing.
The Dhandho Investor By Mohnish Pabrai Pdf Download Free
From the Back Cover
Praise for The Dhandho Investor
The Dhandho Investor By Mohnish Pabrai Pdf Download 2017
“Mohnish Pabrai is a relentlessly insightful thinker who delights in decoding the esoteric world of finance and also knows how to tell a good yarn. Whether you’re mystified by what drives stock prices up and down on Wall Street or you’re sure you know, you’ll understand better when you read this book. Pabrai’s tales of high finance and his clever examination of the core principles of deep value are packed with handy ideas you should use in your own investing.”
―Stephane Fitch, European Bureau Chief, Forbes
“I read The Dhandho Investor from start to finish in one sitting―I couldn’t put it down. Mohnish shares the ‘secrets’ of his extraordinary success and has made a significant contribution to the literature on value investing.”
―Whitney Tilson, General Partner and founder of T2 Partners LLC
Managing Editor and founder of Value Investor Insight
Chairman of Value Investing Congress
“All of the techniques you need to attain high returns on your investments are here, explained through the examples of successful entrepreneurs and of Pabrai, himself an accomplished prodigy of Buffett’s methods. Everyone must understand this methodology if they are to do well in the stock market.”
―Timothy Vick, Senior Portfolio Manager, The Sanibel Captiva Trust Co.,
author of How to Pick Stocks Like Warren Buffett
“The Dhandho Investor has nailed it! Pabrai has simplified the strategy for successful investing. ‘Heads, I win; tails, I don’t lose much!’ I don’t have to buy a whole business, just purchase the publicly traded stocks of a few ‘right’ businesses. I suggest this book to anyone looking to hone their investment skills.”
―Patrick Fitzgerald, President, Fitzgerald Management
About the Author
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.