So, in the 1970s or so, Patels migrated to the USA from Uganda. The book starts with the example of how Patels became the king of Motels in the USA. Without any further delay, Let’s get started. Over the due course of the book, this principle keeps repeating in the form of, “Heads I win, tails I don’t lose much”. The core principle of Dhandho Investing is to choose opportunities that have a minimal downside and a huge upside. So, help yourselves and don’t continue reading if you’re substituting this for the original book.ĭhandho means endeavors to create wealth aka Business.Īn Ultra-Short Summary of Dhandho Investing. Moreover, I’m writing it here to validate my observations from you. So I may or may not have understood the concepts completely. The summary written below is my interpretation of the principles mentioned in the Dhandho Investor. As you may have noticed, this in no means a substitute to the original book. Rule #8: Better to be a copy cat than innovators.īecause the book has a foreword, it’s my responsibility to write a foreword for this as well.Rule #7: Look for low risk, high-uncertainty businesses.Rule #6: Buy Businesses at big discounts to their underlying intrinsic value.Rule #5: Bet heavily when the odds are overwhelmingly in your favor.Rule #4: Buy Businesses with a durable competitive advantage.Rule #3: Buy distressed businesses in distressed industries.Rule #2: Focus on buying Simple businesses with an ultra-slow rate of change.The Dhandho Framework by Mohnish Pabrai.
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