On Jan 12, 2018 at 8:33am PSTthe dhandho investor book review: the low-risk value method to high returnsIn our small, while I was trying to I came across this book called “The Dhandho Investor” that my husband had on his portion of the bookshelf. It didn’t look very thick and I was intrigued by the title because I could not pronounce it and kept pronouncing it incorrectly to my husband’s annoyance (hah!). Rsd lite 3.5 free download. I also liked the cover, and even though you’re not supposed to judge a book by its cover, I did anyway. Therefore I added it to my as one of the books I want to read, as you can see from the Instagram post above!

1. Dhando Investments

Who is mohnish pabrai and why should I care?Mohnish Pabrai is one of the world’s most respected value investors. He started off with $30,000 in his 401(k), liquidated his investments in that and created his own IT consulting firm in 1991. He then sold it a mere nine years later for $20 million. After being bitten by the value investing bug (relatively late, he started when he was 30) and studying Warren Buffett and Charlie Munger’s investing style, he created his own Pabrai Funds. He has beaten the. In 2013, his net worth was $60 million. In the span of 20 years or so, he went from $30,000 to $60+ million (his net worth is likely much higher now as we know how the markets fared in the last four years!).

He admired Warren Buffett so much that with Mr. Buffett himself to pick his brain (of course it went to charity).He even has a website called (I just love chai!) and you can follow him on. Love, love, love! I have already added him to my.

The message of the dhandho investorThe Dhandho Investor is not a new book, it was published in 2007 but the information in it is classic!Mohnish Pabrai starts of the book explaining what Dhandho means (and how it should be pronounced). Dhandho is a Gujarati word that means “endeavors that create wealth”. He goes on to talk about the Patels, a small ethnic group from India who immigrated to the US as refugees in the 1970’s and bought motels (some with $5000 of capital). They lived in the motels and therefore could save on living costs, and now these motels owned by Patel families are worth over $40 billion in motel assets!The key to value investing is to make good bets, infrequent bets, that have large upside and very little downside. He shares a formula called the “Kelly Formula” so you can calculate how much of your hard earned money you should invest in a certain business. Looks like a good read. Thanks for the review.

I may check it out. One point though.I don’t care for the gambling analogy as it relates to the stock market. Gambling is rigged. The house will always win. I liked to go to casinos in my 20s cause I thought it made me cool (which I was not). Wasn’t a big gambler, but lost my share of money.

It made me nervous. I actually hated it in some way.

I was at a craps table once and someone shouted at me “throw the dice like you need the money”. Thank goodness I didn’t.My portfolio of dividend paying stocks doesn’t feel anything like gambling. I rarely get nervous about it (a little nervous in early 2009). I’m always cashing in chips at the window at the end of the month. Sure, one might fail, but I’m diversified. I run the house and set the rules. If one company doesn’t perform, I vote with my money and go to another.I like posts about investing.

Tom — The Kelly Criteria isn’t just about with gambling. It’s all about odds in general, and is absolutely relevant for any investor. There’s a great book on it called Fortune’s Formula by William Poundstone. And I’m the guy who recently told a buddy he needed to stop talking about betting sports because it was a sucker’s game.GYM — Monish is a hell of a marketer, I’ll give him that. It seems like he’s always dropping Buffett’s name in places. I think I’ll have to check out this book and judge for myself whether he’s the real deal. I’ve always been a little skeptical, but I’m cynical by nature.

Dhando Investments

Pabrai starts the book by discussing the term 'dhandho' (pronounced 'dhun-doe'), which is a Gujerati word meaning 'endevours that create wealth' or 'business'. Gujerat is a coastal province in India that has served as a hotbed for trade with Asia and Africa. The Patels are a subsection of Gujeratis that are particularly entrepreunerial (they were chosen by the rulers to run the operations of the farm and collect the taxes), and their entrepreneurial ventures led to them forming a dominant part of the East African economy by the early 1970s. When Asians were thrown out of Uganda in 1972 on the basis of their race, a flurry of Patel immigrants landed in Canada, England and the United States.