Worth reading, and rereading, and re-rereading. An elegant book that teaches fundamental principles of value investing, and much more. The Dhandho Investor also has the highly unusual quality of being useful at a wide range of reader sophistication levels: you can gain tremendously from this book as a beginner or as a deeply experienced investor. I'll single out Chapters 5 and 6 for particular mention: Chapter 5 describes author Mohnish Pabrai's investing framework, with nine interlocking and synchronistic rules. Chapter 6 describes in very simple language all of the gigantic structural advantages of investing in the stock market, as it offers low frictional costs, a tremendous selection of possible businesses, and, most importantly, periodic incredible opportunities. These two chapters explain why you will take a pass on almost all investments--but then, once in a while, make large bets on specific situations that meet your requirements. [A quick affiliate link to Amazon ...
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