Questions like: "How do you know what the true value of a company is?" and "How do you know when to make your move?" Sure enough, all of my questions were answered by the time I finished the book. I was immediately impressed by the logic behind this method, though I had lots of questions. Instead, this book offers a no-nonsense approach based on finding great values and waiting for your opportunity to buy them at a discount. Neither am I willing to sit back and hope that my mutual fund manager does better than last year. Hey,I am never going to have the time to be a day trader.
DHANDHO INVESTOR HARD COVER HOW TO
Take Phil Town up on his offer to show you, step by step, how to invest like Warren Buffet and Benjamin Graham. If you are looking for a book to help you take control of your own financial destiny then I can't think of one better than Rule #1. I can't wait to get my hands on the book! - Hope this helps!
That said, the segments that are less focused on numerical calculations and analysis offer some great learning value in the form of an audio stream. Imagine someone reading the financial tables of a newspaper to you while you try to draw a chart of it in your mind and you'll understand what I mean.
DHANDHO INVESTOR HARD COVER PDF
I might feel otherwise if the author and Audible were to make this key information available in downloadable PDF format (the way that "On Intelligence" by Jeff Hawkins does on this website). Unfortunately - for me at least - there are too many critical references to calculations, tables and lists of numerical data that make Rule #1 entirely inappropriate for an audio book. So I recommend you consider learning these skills and practicing this approach to investing. Great stuff! I'm excited about becoming a Rule#1 investor and have ordered the book. This is the real deal, folks: a start-to-finish, one-baby-step-at-a-time approach that will allow you to retire 10 years sooner than you planned, with more creature comforts than you ever imagined.ĥ Stars for the content 1 Star for Audible. What I won't waste your time with is fluff: a lot of vague parables reminding you of what you already know and leaving you exactly where you started. Believe me, if there were anything genius-level about this, I'd still be a river guide collecting unemployment much of the year.
If that sounds too good to be true, it's because the mind-set I'll be introducing you to leads not to bets but to certainties. What it comes down to is buying shares of companies only when the numbers, and the intangibles, are on your side. Through an intriguing process that I'll clarify in this book, not losing money results in making more money than you ever imagined. Rule #1, as famed investor Warren Buffett will tell you, is don't lose money. I came to investing as a person who wasn't great at math, possessed zero extra cash, and wanted a life, not an extra three hours of work to do every day.įortunately, I was introduced to The Rule. In this book I'll show you how I turned $1,000 into $1 million in only five years, and then proceeded to make many millions more. Me, I was more interested in having full-time fun. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time job. He is a member of the Young Presidents’ Organization and a charter member of The Indus Entrepreneurs.Before I became "Phil Town, teacher of investing principles to more than 500,000 people a year", I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. Mohnish Pabrai is an Indian-American businessman, author, investor and philanthropist. Readers will also be able to understand important value investing concepts like “Heads, I win! Tails, I don’t lose that much!”, “Few Bets, Big Bets, Infrequent Bets”, Abhimanyu’s dilemma, and a thorough treatise on using the Kelly Formula to invest in undervalued stocks. The Dhandho method is elaborated on the pioneering principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. It distills the Dhandho capital allocation framework of the business savvy Patels from India and discusses how they can be applied successfully to the stock market. This title lays out the powerful framework of value investing. It offers a comprehensive value investing framework for the individual investor. The Dhandho Investor, by Mohnish Pabrai, discusses the low-risk value method to high returns.