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aarcy's review against another edition
4.0
[3.8 ish stars] Considering that this book isn’t my first investment book rodeo, I did find a lot of repeating ideas and concepts from my previous books that focused on Warren Buffett’s and Benjamin Graham principles like buying investments with large moats and many of the other Buffett’s concepts. I think this book would have easily been 5 stars if it was the first investment book I picked up!
The Dhando framework revolves around Low Risk and High Returns where you can say “Heads, I win; tails, I don’t lose much!” In the Dhando Framework, Pabrai has outlined and explained 9 parts of the framework(which I found super insightful):
1. Invest in Existing Businesses
2. Invest In Simple Businesses
3. Investindistressedbusinessesindistressedindustries. 4.Investinbusinesseswithdurablemoats.
5. Few bets,bigbets,andinfrequentbets.
6. Fixated arbitrage.
7. Margin of Safety—always.
8. Invest in low-risk,high-uncertaintybusinesses.
9. Invest in the copy cats rather than the innovators.
I really enjoyed the examples of the Patels, Manilal, and Mittal that were explored in the beginning of the book. As someone who is Gujarati, I could really relate to the stories he presented at the beginning. Often times, people make toxic stereotypes of Indians (or all Asians in general) and businesses they own like motels or gas stations and they often become a joke like “oh you’re a Patel ? How many motels do you own ?”
I really valued the representation Pabrai brought onto Indian entrepreneurs and really exemplified their hustle, hard work, and sacrifices. The entrepreneurs Pabrai mentioned in the beginning of the book don’t really come to mind when you think of entrepreneurs or investors and this, for me, was the most refreshing and unique quality about this book. Every investment book mentions big names like Ford and Bill Gates but not everyone is like Ford and Bill Gates. Moreover, not everyone is a white male and the term “hustle” is different for everyone.
I thoroughly enjoyed the representation, the refreshing stories of new names, and some of the principles. I was entertained when Pabrai made connections of the Mahabharat and investing - who would’ve thought! Although, since many of the basic investment principles mentioned in this book are not totally new to me I did find it repetitive at some points, but that just solidifies the fact that if multiple authors are writing about the same thing, it must be working. Nevertheless, I think this is a great introductory book for anyone to pick up!
The Dhando framework revolves around Low Risk and High Returns where you can say “Heads, I win; tails, I don’t lose much!” In the Dhando Framework, Pabrai has outlined and explained 9 parts of the framework(which I found super insightful):
1. Invest in Existing Businesses
2. Invest In Simple Businesses
3. Investindistressedbusinessesindistressedindustries. 4.Investinbusinesseswithdurablemoats.
5. Few bets,bigbets,andinfrequentbets.
6. Fixated arbitrage.
7. Margin of Safety—always.
8. Invest in low-risk,high-uncertaintybusinesses.
9. Invest in the copy cats rather than the innovators.
I really enjoyed the examples of the Patels, Manilal, and Mittal that were explored in the beginning of the book. As someone who is Gujarati, I could really relate to the stories he presented at the beginning. Often times, people make toxic stereotypes of Indians (or all Asians in general) and businesses they own like motels or gas stations and they often become a joke like “oh you’re a Patel ? How many motels do you own ?”
I really valued the representation Pabrai brought onto Indian entrepreneurs and really exemplified their hustle, hard work, and sacrifices. The entrepreneurs Pabrai mentioned in the beginning of the book don’t really come to mind when you think of entrepreneurs or investors and this, for me, was the most refreshing and unique quality about this book. Every investment book mentions big names like Ford and Bill Gates but not everyone is like Ford and Bill Gates. Moreover, not everyone is a white male and the term “hustle” is different for everyone.
I thoroughly enjoyed the representation, the refreshing stories of new names, and some of the principles. I was entertained when Pabrai made connections of the Mahabharat and investing - who would’ve thought! Although, since many of the basic investment principles mentioned in this book are not totally new to me I did find it repetitive at some points, but that just solidifies the fact that if multiple authors are writing about the same thing, it must be working. Nevertheless, I think this is a great introductory book for anyone to pick up!
dheeraj_lalwani's review against another edition
4.0
The book starts off as quite boring but gets better; it broadened my horizons regarding value investments. The second half of the book is much much stronger with a bunch of good investing advice on a contra/value based stock picking and portfolios. Reiterates a lot of popular investing principles out there without the complex jargon.
sufiyan825's review against another edition
5.0
Excellent book on value investing
I loved reading this book. Its easy to understand without any complicated financial terms. The main gist is to invest in easy to understand stable businesses with good margin of safety and high free cash flow. Also to make few bets, infrequent bets and big bets when probability of winning is very high.
I loved reading this book. Its easy to understand without any complicated financial terms. The main gist is to invest in easy to understand stable businesses with good margin of safety and high free cash flow. Also to make few bets, infrequent bets and big bets when probability of winning is very high.
hmarilao's review against another edition
4.0
An intriguing read that I read within one day that also explained the investing aspect in terms I could understand as someone who does not usually understand investing topics.
aetherson's review
5.0
Excellent insights into the hows of value investing
A well written, accessible and informative book on how to use the principles of value investing. Mohnish Pages draws on many successful investors to provide colourful examples of how it works.
A well written, accessible and informative book on how to use the principles of value investing. Mohnish Pages draws on many successful investors to provide colourful examples of how it works.
rrkreads's review
5.0
Excellent book meant for the layman, specifically US layman but it does speak in general terms in many a place so it's not a complete loss. The only irk point in the book was the number of times he uses Warren Buffett's & Charlie Munger's names, so much so that, at times I had to look back at the title just to remind myself that this is indeed a separate investing book & not a synopsis of Warren Buffett, Charles Munger gems. Despite this pain point I enjoyed this book immensely. A must read!
hmarilao's review
4.0
An intriguing read that I read within one day that also explained the investing aspect in terms I could understand as someone who does not usually understand investing topics.
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