The Dhandho Investor book pdf by Mohnish Pabrai describes the concept of value investing in the simplest terms. Even a person new to investing could get a good idea of how value investing really works from the Dhandho Investor book. He is an unabashed admirer of Warren Buffet and Charlie Munger. What The Dhandho Investor book lacks is that he has not discussed the mistakes that he has made and how he has learned from them. The Dhandho Investor book is highly recommended reading for everyone. The younger you are when you read this, the better.
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Two key takeaways in the Dhandho Investor book
1. Maximise your returns by maximizing rewards and minimizing risks. Make a few bets, big bets and wait for the right pitch while doing so.
2. All knowledge is cumulative, aim to read voraciously, wait patiently and swing big but infrequently.
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