Yes, the last one kinda sticks out as an oddman, but I am willing to give the author a pass for making it interesting 🙂Īfter these stories, the book goes on to find the commonality between these successes – how identifying opportunities where if you win you win big, and if you lose, you don’t lose that much is the key to their successes. The second chapter is another motel success story, the third chapter is the story of Laxmi Mittal and his steel business, and the fourth chapter is about Richard Branson Virgin Atlantic. It gives a historic and geographic narrative (from Gujarat to Africa to US through 60s and 70s) of that incredible wealth building journey, from a socio-economic perspective.
How they came, saw, and conquered, from coast to coast, the business of inexpensive night stays for travellers. The first chapter is about the success of Patels in the motel business in the US. The first 4 chapters are illustrations of dhandho investing.
Mohnish calls his ‘brand’ of value investing ‘Dhandho’ investing (Dhandho is a Gujarati word that means ‘endeavours that create wealth’) The author, Mohnish Pabrai, a celebrated fund manager, is a disciple of Warren Buffet (he famously once bid $650,000 in an auction to have lunch with Mr Buffett himself) and, in this book, he details the value investing principles that he advocates and adheres to. But the principles it espouses are quite timeless, and as the author’s active blog suggests, still being practiced assiduously. The book itself is not new (nor updated recently).
#GOODREADS AND THE DHANDHO INVESTOR FREE#
It’s a delightful book – expertly written with ideas that you can use in any free market economy. Although the author is Indian, and there are many ‘Indian’ anecdotes in the book, it is aimed at an American audience.īut that should not stop you from grabbing it and reading it.
We’ve heard of fusion music, we’ve heard of fusion cuisine, so why not a fusion book?Ĭolour me naive, but when I picked up ‘The Dhandho Investor’ – a book with an Indian author and an Indian name, I thought it would be about Indian markets and for Indian investors.
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