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.
Quotes
Practical lesson: estimate value instead of forecasting short-term price.
Practical lesson: demand a margin of safety.
Practical lesson: prioritize avoiding permanent loss.
Practical lesson: wait for price and quality to align.
These are practical paraphrases, not verbatim quotations.