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Value investing2007

The Dhandho Investor

Mohnish Pabrai

Explains value investing in plain language: seek low-risk, high-upside opportunities with favorable odds and act only when the edge is clear.

Influence

The lasting value of `The Dhandho Investor` is its help in learning to estimate value instead of forecasting short-term price and demand a margin of safety.

Judge the book's influence by the decisions it improves, not popularity alone.