#111 - Mohnish Pabrai Investing Framework - Dhandho Investor
Description
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π DESCRIPTION:
Mohnish Pabrai is one of my favourite super investors. We have done a few videos on Mohnish Pabrai and in this video we want to cover his most famous investing framework called the Dhandho Investor which is based on his book Dhandho Investor.
If you want to be a successful investor, you should be able to watch paint dry on a wall, said Mohnish Pabrai in one of his interviews. We found this intriguing. Today, when most βinvestorsβ are buying meme stocks and betting on cryptocurrency, this guy was asking to be patient.
- Focus on buying an existing business
- Buy simple businesses in industries with an ultra-slow rate of change
- Buy distressed businesses in distressed industries
- Buy businesses with a durable competitive advantage β The Moat
- Bet heavily when the odds are overwhelmingly in your favour
- Focus on arbitrage
- Buy businesses at big discounts to their underlying intrinsic value
- Look for low-risk, high-uncertainty business
- Itβs better to be a copycat than an innovator
The Dhandho Investor by Mohnish Pabrai: https://www.amazon.co.uk/Dhandho-Investor-Low-Risk-Method-Returns-ebook/dp/B008L042Q4/ref=sr_1_1?crid=2UZF843VY4JA5&keywords=dhandho+investor&qid=1654873371&s=books&sprefix=dhandho+investor%2Cstripbooks%2C1362&sr=1-1
Lessons on Investing by Mohnish Pabrai (Dhandho Summary by Tapan): https://tapandesai.com/lessons-from-mohnish-pabrai/#the-dhandho-framework
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π Track CBM Portfolio against SPY, Coffee Can, and Mohnish Pabrai Free Lunch Portfolio: https://docs.google.com/spreadsheets/d/1Lu4JEYlbfI-4TnywfQYGVAimBEqMpCPZJZu0-AWF6Q8/edit?usp=sharing
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Tapan Desai: https://tapandesai.com/
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π« Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Atit or Tapan. Atit and Tapan are not financial advisers. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Atit or Tapan are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.
πΆ Outro Music: Mayur Jumani (https://www.youtube.com/channel/UCVUkpUN-Lufq407fUEX2wJQ)