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A review by sumitkd52
The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai
5.0
A must read for a new investor. Simple yet pretty important concepts explained.
1. Focus on buying an existing business
2. Buy simple business in industries with an ultra slow rate of change
3. Buy distressed business in distressed industries
4. Buy business with a durable competitive advantage - the moat
5. Bet heavily when the odds are overwhelmingly in your favor
6. Focus on arbitrage
7. Buy businesses at big discounts to their intrinsic value
8. Look for low risk high uncertainty businesses
9. It's better to be a copycat than an innovator
The summary of the book.
1. Focus on buying an existing business
2. Buy simple business in industries with an ultra slow rate of change
3. Buy distressed business in distressed industries
4. Buy business with a durable competitive advantage - the moat
5. Bet heavily when the odds are overwhelmingly in your favor
6. Focus on arbitrage
7. Buy businesses at big discounts to their intrinsic value
8. Look for low risk high uncertainty businesses
9. It's better to be a copycat than an innovator
The summary of the book.