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 marketsas well as most professionals. In this book, Pabrai distills the methods of Buffett, Graham, and Munger into a user-friendly approach applicable to individual investors. $100,000 invested with Pabrai in 1999 was worth over $659,000 by 2006an annualized return of over 28% after all fees and expenses. Pabrai's hedge funds, Pabrai Investment Funds, have outperformed all of the major indices and over 99% of other managed funds.
This book will show you how to use that same technique to generate high returns in the stock market. 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. 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. 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. 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 Dhandho method takes their successful approach to investing one step further and shows how you can actually maximize rewards while minimizing 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.
DOWNLOAD LINK - 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) Read more From the Inside Flap All investors are told that if you want to earn high rates of returns, you must take on greater risk. Download Free The Dhandho Investor: The Low-Risk Value Method to High Returns eBook PDF ePub Audiobook