Summary |
Dhandho (pronounced dhun-doe), literally translated, means “endeavors that create wealth.” In the dhandho investor, Mohnish Pabrai demonstrates how the powerful dhandho capital allocation framework of India’s business-savvy patels can be successfully applied and replicated by individual value investors in the stock market. The Patels, a small ethnic group from India, first began arriving in the United States in the 1970s as refugees with little education or capital. Today, they own over $40 billion in motel assets in the United States, pay over $725 million a year in taxes, and employ nearly a million people. How did this small, impoverished group come out of nowhere and end up accumulating such vast resources? The answer lies in their low-risk, high-return approach to business: dhandho. This book will show you how to use that same technique to generate high returns in the stock market.
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