Title: The Dhandho Investor.
Author: Mohnish Pabrai.
Year of Publication: 2007.
Synopsis: "The Dhandho Investor," written by Mohnish Pabrai and published in 2007, draws inspiration from the principles of value investing and the investing philosophy of Mohnish Pabrai himself.
Pabrai's book is heavily influenced by the investment strategies of successful Indian-American investors, particularly Mohnish Pabrai's own interpretation of the "dhandho" approach, which is a term borrowed from the Gujarati business community that refers to the principles of value investing.
The book outlines the key principles of the dhandho approach, emphasizing concepts such as buying stocks at a significant discount to their intrinsic value, focusing on businesses with a strong competitive advantage, and having the patience to hold onto investments for the long term.
Through real-world case studies and anecdotes, Pabrai illustrates how these principles have been successfully applied by both himself and other renowned investors. He also emphasizes the importance of conducting thorough research, minimizing risks, and learning from both successes and failures.
"The Dhandho Investor" provides readers with a unique perspective on value investing that draws from both traditional value investing principles and cultural insights. The book offers practical advice and actionable strategies for investors seeking to adopt a disciplined and value-focused approach to building wealth through the stock market.
