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Drawing on the work of investing greats like Warren Buffett, Charlie Munger, and Ben Graham, as well as philosophers and scholars, he artfully interweaves the lessons learned from his many teachers.
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Distilling investment and life lessons into a comprehensive guide, Baid integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time. In The Joys of Compounding, the value investor Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom. It is also an intellectual toolkit for achieving a deeper understanding of the world. Value investing is not just a system for success in the market. Quoted in Mohnish Pabrai, The Dhandho Investor: The Low- Risk Value Method to High Returns . Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.īenjamin Graham and Jason Zweig, The Intelligent Investor: The Definitive Book on Value Investing, rev. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. I suggest this book to anyone looking to hone their investment skills." -Patrick Fitzgerald, President, Fitzgerald ManagementĪ comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. ' I don't have to buy a whole business, just purchase the publicly traded stocks of a few 'right' businesses.