Hot off the press
Mohnish Pabrai, Dhandho. Heads I win; Tails I don’t lose much
Published on Jul 29, 2014
The Dhandho 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 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.
Mohnish Pabrai About the Author:
Mohnish Pabrai is the Managing Partner of the Pabrai Investment Funds and Dhandho Holdings. Since inception in 1999 with $1 million in assets under management, Pabrai Investment Funds has grown to over $690 million in assets under management in 2014. The funds invest in public equities utilizing the Munger/Buffett Focused Value investing approach. Mohnish is the author of two books on value investing, The Dhandho Investor: The Low-Risk Value Method to High Returns and Mosaic: Perspectives on Investing. The Dhandho Investor has been translated into German,Chinese, Japanese and Thai. Pabrai also founded and raised over $150 million for Dhandho Holdings in early 2014.
Pabrai was the Founder/CEO of TransTech, Inc. – an IT Consulting and Systems Integration company. Founded in his home in 1990, Pabrai bootstrapped the company to over $20 million in revenue when it was sold in 2000. Pabrai is also the Founder and Chairman of the Dakshana Foundation (www.dakshana.org). Dakshana Foundation is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children worldwide. He loves reading and playing duplicate bridge. He lives in Irvine, California.