Dhandho Investor Pdf Free
A comprehensive value investing framework for the individual investor. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful.
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Reading Notes - The Dhandho Investor Dhandho framework: • Invest in existing businesses. (Rate of change of industry is very slow) • Invest in simple businesses.
• Invest in distressed businesses in distressed industries. • Invest in businesses with durable moats. - We are best off never calculating a discounted cash flow stream for longer than 10 years or expecting a sale in year 10 to be at anything greater than 15 times cash flows at that time (plus any excess capital in the business). • Few bets, big bets, and infrequent bets. - I adjust for this by simply placing bets at 10 percent of assets for each bet. • Fixate on arbitrage.