A review by milandeep
The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai

4.0

This book by Mohnish Pabrai describes the concept of value investing in the simplest terms. Even a person new to investing could get a good idea of how value investing really works. He is honest enough to say that he has very few original ideas. He is an unabashed admirer of Warren Buffet and Charlie Munger. Where this book lacks is that he has not discussed the mistakes that he has made and how he has learnt from them. He does not go into the detailed analysis of the cash flows of the companies he is selecting. The overuse of the phrase "Heads, I win; tails, I don't lose much!" could be annoying to the readers. Overall, a very good introduction for people who are new to value investing.