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.
Mental models
Model 1
Use this model to estimate value instead of forecasting short-term price.
Model 2
Use this model to demand a margin of safety.
Model 3
Use this model to prioritize avoiding permanent loss.
Model 4
Use this model to wait for price and quality to align.