Pabrai’s idea curation- reworking of older philosophies into a newer framework and language- is no different than what Nicolas Nassim Taleb (in “The Black Swan”), or any successful philosopher or writer for that matter, has done before him. Pabrai’s use of folksy vernacular, in instances such as these, comes across as diluted and misinformed. The thing is- “value investing” principles are something that business schools teach all around the country. “Now, folks, this is really good stuff- they don’t teach this at the Harvard Business School,” we are told. Buffet and his predecessors as “the Dhando Way.” The “Dhando” in the book’s title, as we come to learn, is a “Gujariti word.” that “literally translated, means ‘endeavors that create wealth.’” Pabrai goes on, across the course of the book, to relabel all the ideas of Mr.
Pabrai went lighter on the recapitulating of others’ ideas, and heavier on how he applied the ideas of others to his own career as a fund manager. His ideas are not original, which by itself is not reason to castigate anyone’s literary efforts. This is perhaps a more harsh and honest criticism of his own book than anyone could provide. “The Dhando Investor” we are told in the “Acknowledgements” section is a “synthesis of ideas has encountered in readings, interactions with friends, and various experiences.”, and contains “very few original ideas.” Buffet’s knack for analogy, euphemism, and distilling difficult ideas into digestible, deeply rich sentences.
Buffet’s track record affords him, but- and perhaps even more importantly- he lacks Mr. Pabrai, however, lacks not only the instant credibility that Mr. In giving the ideas of Graham and Dodd new relevance, primarily through his unparalleled investment track record, as well as his ability to communicate complex ideas in clear ways, Buffet can rightly claim part of these principles as his own. But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd.ĭifferent from Pabrai, however, Warren Buffet is incredibly articulate.
In giving the ideas of Graham and Dodd new relevance, primarily through his unparalleled investment track record, as well as his ability to communicate complex ideas in clear ways, Buffet “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. Different from Pabrai, however, Warren Buffet is incredibly articulate. But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.more Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format.
Readers 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. 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 ho A comprehensive value investing framework for the individual investor 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 In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing.