#59 – The Dhandho Framework By Mohnish Pabrai
Episode Details:
Article – Lessons On Investing (And Life) From Mohnish Pabrai – https://tapandesai.com/lessons-from-mohnish-pabrai/
The Dhandho Framework by Mohnish Pabrai
Richer, Wiser, Happier by William Green
The Dhandho Framework:
- 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 – The Moat
- Bet heavily when the odds are overwhelmingly in your favor
- Focus on arbitrage
- Buy businesses at big discounts to their underlying intrinsic value
- Look for low-risk, high-uncertainty business
- It’s better to be a copycat than an innovator
Cold Brew Money Episode on Moats: https://coldbrew.money/9-all-about-that-moat/
Cold Brew Money Episode on Intrinsic Value: https://coldbrew.money/13-getting-started-with-intrinsic-valuation/
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Information is only for educational and entertainment purposes and should not be relied upon as investment advice.
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