This week we're going to take a look at recommended books from superinvestor Mohnish Pabrai. Taken from his writings, interviews, lectures. The Dhandho Investor: The Low-Risk Value Method to High Returns, by Mohnish Pabrai. Which can be found here: 7. Berkshire Hathaway. UPDATED: 01/09/ at PM EST While we are updating our books list one investor readers asked us about was Mohnish Pabrai.
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Which can be found here: 6. The Dhandho Investor: The Low-Risk Value Method to High Returns, by Mohnish Pabrai. Which can be found here. The Dhandho Investor: The Low-Risk Value Method to High Returns May 18, by Mohnish Pabrai · site Edition. $$ The Dhandho Investor: The Low-Risk Value Method to High Returns [Mohnish Pabrai] on The Intelligent Investor: The Definitive Book on Value Investing. In The Dhandho Investor, Mohnish Pabrai demonstrates how the powerful Dhandho .
Don't get me wrong, there is key information here that tells you how to find and analyze worthy stocks.
There's a better book out there by Kenneth J Marshall, Good Stocks Cheap if you want to learn a solid method of value investing.
I am writing this review as an expression of gratitude to Monish Pabrai for writing this excellent and informative book. It is simple.
It is subject to only a slow rate of change. It is distressed in a distressed industry. And, it has a durable moat. The DI wants to download this business on sale, specifically half-off. Pabrai explains that Wall Street is confused by the difference between risk and uncertainty.
He explains that the DI wants a low risk, high uncertainty business. Pabrai offers extensive illustrations using the Patels, whose heritage was from Gujarat India, but who had migrated to and succeeded in Uganda, only to be expelled by Idi Amin. They accomplished this feat using the principles of the DI. How does one find such a business? Pabrai gives specific recommendations for places to search for distressed companies.
In "Payback Time" he goes into further detail explaining how to improve your returns. In conclusion, thank you Monish!
The author has no clue about investing site Edition Verified download. I very much like the examples in the book and that anybody can understand it. I am new to investing and it got me curious to learn more. The methods make sense and involve a large effort on your part to actually become a good investor. It tells you what not to do and helps guide you on where you should get started to learn what you need to do. It is a big picture view on a style of investing that seems to be successful.
Hopefully it will help me avoid major pitfalls and allow me to make wise, well thought out investment decisions.
One person found this helpful. I really liked this book.
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Straightforward, commonsenseical advice. downloading low priced, sometimes distressed assets can be hard to do because it seems counterintuitive. But of course it's exactly the right thing to do.
This book gives a lot of ways to do that. I definitely recommend for anyone who does their own investing.
Mohnish Pabrai: Three Great Books to Read
If you want to understand how to truly make money in the markets, this book is a must read. More than trading or downloading stocks, this book will give you the point of view and the attitude you need to have if you want to succeed. I'm going back for m second read with a highlighter See all reviews. site Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
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Pabrai has been accumulating the stock over the last couple of months at Rs a share. The investor believes that when downloading a stock, one should also think about what the business is today and what it will be years from now.
HealthCare Global's hospitals make returns on equity of percent, with some of its more mature hospitals far exceeding that number. Since the company is still in its growth and investment phase, these inherent advantages have not come to the fore as yet.
However, its robust growth, low-cost model, and technical expertise arm it with the necessary tools to rise through the ranks in a growing cancer market.
Also, once the operating leverage stemming from the company's 26 established cancer centres starts showing up, its profits could grow manifold. Durable businesses with a strong moat Although Pabrai likes stocks that he could download cheap, he does not limit himself to that criterion. Some of the best companies he has invested in do operate in high growth areas, but trade at slightly higher valuations or offer thin margins of safety.
Be it Kolte Patil Developers or the recently-acquired HealthCare Global, Pabrai has typically picked up companies that are run by a competent management and have simple and durable businesses.
Mohnish Pabrai's Advice For Value Investors
Pabrai picked up the stock because the company was known for its unique business model and for being run by a first-generation entrepreneur who challenged conventional practices in the real estate sector. Another important part of his strategy is downloading into industries that are predictable and have a slow rate of change.
This explains why he chose to invest in sectors like real estate and healthcare. The company is in the business of processing basmati rice and has premium brands like India Gate in its portfolio.
But at 30 times its earnings, KRBL was certainly not cheap and in fact, fell after he bought it. His performance would attract more and more global investors and convince them about India story. Going forward, he should do well in the Indian market as well," says Sekhar.
A real entrepreneur is a risk taker — ready to jump off a cliff. A true entrepreneur shines away from the rest. Why Pabrai Instead of Buffett and Graham? Hari is very much into Buffett and Graham.
Why would someone invest on Pabrai instead of on the two? Pabrai is a self-proclaimed donor. He admits that he has no original ideas. A book by Thomas Philips, to 1 in Stock Market, describes the mistake in investing as the unwillingness to accept ideas other than their own. Hari highly recommends this book as it talks about a lot of stocks in the 60s. With Pabrai, he invests like Buffett, but invests on a smaller portfolio.
To get into action, you need an initial amount of capital.
Most of the funds are enclosed to new investors today. One reason why Pabrai tries to keep the hurdle high is to attract specific type of investors. His favourite target is a successful entrepreneur who made a future in his line of business, but is not investing yet. He has a staying power and he will not panic in and out of his funds.
He wants to both limit and attract. He now has increased it. He also has a restriction for one year. Berkshire Hathaway has same models regarding shares. He found out no one was imitating his methods for years. It worked against a lot of the methods. Temperaments are needed more than intelligence.
Patience is the key. Defining and clarifying is the process. The process should be appealing rather than the end result.Email Print Tweet. But after this book you find those on your own. The Art of Speculation. Reading Stock Prices for Better Returns. The Match King: Bulls, Bears and Brains:
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