The Dhandho Investor
by Mohnish Pabrai · first published 2007
5mentions
4recommended by
5HN commenters
2010–2022first – last mentioned
80% recommend20% neutral
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 introd
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…the someone else takes their place at the previous establishment. That's how the motels and 7/11,Dunkin etc. chains are run .. This book had a nice description of this phenomenon. http://www.amazon.com/Dhandho-Investor-Value-Method-Returns/...
on “Why I’m giving up on Europe and moving my startup to China” ↗…intention, but you are using Buffet's quote to make the exact opposite point of what Buffet himself originally intended. And he has often spoken on this subject. See also Mohnish Pabrai and his book 'The Dhandho Investor'.
on “Why I don't trade stocks and (probably) neither should you” ↗+1 Dhandho Investor describes this same story and the philosophy / technique to replicate this approach in your own life https://www.amazon.com/Dhandho-Investor-Low-Risk-Method-Retu...
on “How Indian Americans Came to Run Half of All U.S. Motels” ↗…What he means by this is that a lot of dumb things are caused by the desire to get rich fast. On average, slow but steady strategies outperform quick but risky strategies. See also the nice book The Dhandho Investor which talkes about placing "heads I win, tails I don’t lose much" bets. And yes, investment advice applies here because the question is about where to invest time (and possibly other resources too).
on “Ask HN: How to make an extra $50k+ per year without changing jobs?” ↗This book provides the investment philosophy behind the Patel success and how it can apply in other realms. The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai The author is an investment manager with a focused value strategy.
on “How Indian Americans Came to Run Half of All U.S. Motels” ↗