He tends to make large and infrequent bets. In this book, he goes through several examples of his investment strategy which includes finding stocks where if you are wrong you don't lose much and if you are right you win big, very big. Like Pabrai, I have followed Buffett/Munger for decades and attempted to emulate their investing style and philosophy. Pabrai has written a great book for value investors. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Listeners will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!", "Few Bets, Big Bets, Infrequent Bets", Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. 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 to the stock market. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing.
A comprehensive value-investing framework for the individual investor.
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