Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals. Mohnish finds humility to be a bigger path to lasting success and fulfillment. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. While the book has been aimed at teaching readers how to maximize wealth, The Dhandho Investor is also about generosity and gratitude to the investment greats who have taught him and to those whom he is now teaching. 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. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. 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 ifyouhave the occasionto give the book ahead. For 25 years, management has used every penny of excess cash to buy back stock, and they have have bought back a mind-blowing 75+ of their shares outstanding Mr. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. I opened The returnmy2 year old and started readingit and highhad to highthe second couple of investors. I talked about my Dhandho Investor book, It has a low-risk business model that generates a ton of cash. A comprehensive value investing framework for the individual investor
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