The Dhandho Investor: The Low-Risk Value Method to High Returns
2007
Framework
by
Mohnish Pabrai
Framework-based value investing book outlining Mohnish Pabrai’s low-risk, high-return strategy. He shares nine core principles: invest in existing, simple businesses; target distressed businesses in distressed industries; seek durable moats; back honest and competent managers; place few, big, infrequent bets; fixate on arbitrage; insist on a margin of safety; favor low-risk, high-uncertainty situations; and invest in copycats rather than innovators.
Buy a CopyJermaine's Notes
November 2023
A little dated, but a worthwhile read. Pabrai says in later YouTube interviews that his thinking has evolved, but the core ideas still hold up. Loved the story of how the Patel family immigrated to the U.S. and dominated hotels with a low-risk, high-return strategy.
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