The Dhandho Investor  (Hardcover, Mohnish Pabrai)

The Dhandho Investor: The Low-Risk Value Method to High Returns "The Dhandho Investor" is a book written by Mohnish Pabrai, an Indian-American investor, and fund manager. The book is a guide to value investing, which is a long-term investment strategy that involves identifying undervalued stocks and holding them for an extended period. The book takes its name from the Gujarati word "Dhandho," which means business. Pabrai believes that the principles of value investing can be applied to any business, not just stocks. The book shares Pabrai's personal investment philosophy and his approach to finding high-return, low-risk investments. One of the key takeaways from the book is the importance of the "margin of safety" in investing. Pabrai emphasizes that investors should always look for a significant discount between the market price and the intrinsic value of a stock. He also stresses the importance of diversification and the value of learning from successful investors. "The Dhandho Investor" is a must-read for anyone interested in value investing, and it has been praised by many prominent investors, including Warren Buffett. The book provides a comprehensive overview of the value investing approach and offers practical advice for investors looking to build a profitable portfolio.