The Dhandho Investor: The Low-Risk Value Method to High Returns

by Mohnish Pabrai

Attend the biannual Value Investing Congress (www.valueinvestingcongress.com). It is held semiannually in New York City and Hollywood.

Do not make the fatal mistake of looking at five businesses at once. Learn all you can about the business that jumps out for whatever reason and fixate solely on it. Once you’re at the finish line with your analysis, only then look at the broader circle of competence.

Kahlil Gibran had some amazing perspectives on life to share in his little book, The Prophet.1 There are no wasted words or pages in that beautiful book.

I do urge you to leverage Dhandho techniques fully to maximize your wealth. But I also hope that, well before your body begins to fade away, you’ll use some time and some of that Dhandho money to leave this world a little better place than you found it. We cannot change the world, but we can improve this world for one person, ten people, a hundred people, and maybe even a few thousand people.