This is another how-to book on investing from a value perspective. Mohnish Pabrai is the managing partner of Pabrai Investment Funds. He is inspired by Warren Buffet and follows similar investing principles.The word "Dhandho" itself means "endeavors to create wealth" (taken from the book). The first few chapters are dedicated to examples, not necessarily related to equity investing per se, to draw readers into the Dhandho framework. The latter chapters deal with principles such as Margin of Safety or Arbitrage. The book itself is generally easy to read, with the first few narrative chapters being appetisers to the more academic content of the back half. However, do not be fooled as the later chapter do include more difficult knowledge such as the Kelly Formula. The book records quotes quite liberally from Warren Buffet material and also a few examples of the author's funds' own trades. Where Pabrai deviates from Buffet is his holding period, compared to Buffet's preferred stance of forever. Other useful books and guides to search for undervalued US stocks are also mentioned for any reader to pursue. Suitable for beginner to intermediate readers, but the book adds more value to beginners although the book itself is not heavy reading and should not take long to be covered.
Found in NLB: Yes
Recommended: Yes
