Without having to pay for staff (Papa Patel and his wife handle all the work), the Patels have no expenses.
It was a low risk, high reward bet.įor a few thousand dollars down payment, Patel buys a motel. If they go broke, Papa Patel and his wife could always bag groceries, work overtime, and save up some money to try again. Plus, he could house his entire family in a few of the rooms, and they could help run the business. Papa Patel realized that with the bank highly motivated to sell a distressed asset, they were willing to finance 80 or 90 percent of the buy price. In other words, the Patels could get into the motel business for very, very cheap. As a result of the recession, hotel occupancy rates were very low, leading to bank foreclosures and fire sales. When money is tight, you skip the vacation. was in a deep recession, and gas prices were very high. What I did like though were h The book is nice and I understand the thought process with the margin of safety etc.In the early 1970s, the U.S. Look for low risk, monhish uncertainty businesses. 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 invextor the stock market.Ī quick and inspiring read that will have anyone believing value investing is the only true way to amass significant wealth in the market over the long run. Humility is a strong and rarely appropriate word. It is subject to only a slow rate of change. Monish is a proven successful investor and he has basically laid out the way he makes his investment decisions. Book review/summary: The Dhandho Investor – Mohnish Pabrai How did this small,impoverished group come out of nowhere and end up accumulating suchvast resources? Muito inteligente os ensinamentos sobre investimento.
The Patels, a small ethnic group from India, first beganarriving in the United States in the s as refugees with littleeducation or capital. Back cover copy Praise for The Dhandho Investor “Mohnish Pabrai is a relentlessly insightful thinker whodelights in decoding the esoteric world of finance and also knowshow to tell a good yarn. I simply did not apply the formula and bet as big as I should have.Īdd all three to Cart Add all three to List. I very much like the examples in the book and that anybody can understand it. Mohnish shows us that with value investing, that is not the case. Pabrai has simplified thestrategy for successful investing. Lakshmi Mittal, the steel magnate, also personifies the ‘dhandho’ approach. Your Reason has been Reported to the admin. But I think I have read far too many books to understand the same concept. This is more of a general approach to stocks. He has taken an approach that has been proven more successful than any other over the long term and knocked it out of the park. Customers who bought this item also bought. The analogy of the Patel community given by the author is interesting dhandhoo for an Indian it is not at all new. Readers will be introduced to important value investing conceptssuch as “Heads, I win! Aug 27, Andre Luis rated it really liked it.
#The dhandho investor by mohnish pabrai free pdf pdf#
To see your saved stories, click on link hightlighted in bold.ĬHODERLOS DE LACLOS VESZEDELMES VISZONYOK PDF Want stories like this in your inbox? Awesome book- the author differentiates between risk and uncertainty. Dhando Investing is much more accessible and concise presentation of the content and methodologies of The Intelligent Investor, and spurred me on to pick up that master title again. Jul 09, Scott Dinsmore rated it really liked it. The overuse of the phrase “Heads, I win tails, I don’t lose much! To see what your friends thought of this book, please sign up. Pabrai set up an investing partnership modeled after the.īut the whole idea of value investing was propounded by Benjamin Graham in his book “The Intelligent Investor” which is considered to be the bible of every value investor and popularised by Buffett.Ĭombining their legendary investing wisdomwith the business acumen of the Patels, Pabrai lays out the Dhandhoframework in an easy-to-use format that will help any investorsignificantly improve on their results and soundly beat themarkets–as well as most professionals. Mohnish Pabrai is a 50 something Indian-American entrepreneur and investor. Pabrai talks about his firsthand encounters with Buffett and. In this episode we talk to Warren Buffett clone and renown investor, Mohnish Pabrai. A comprehensive value investing framework for the individualinvestor In a straightforward and.
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