A comprehensive value investing framework for the individualinvestorIn a straightforward and accessible manner, The DhandhoInvestor lays out the powerful framework of value investing.Written with the intelligent individual investor in mind, thiscomprehensive guide distills the Dhandho capital allocationframework of the business savvy Patels from India and presents howthey can be applied successfully to the stock market. The Dhandhomethod expands on the groundbreaking principles of value investingexpounded by Benjamin Graham, Warren Buffett, and Charlie Munger.Readers will be introduced to important value investing conceptssuch as "Heads, I win! Tails, I don't lose that much!," "Few Bets,Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailedtreatise on using the Kelly Formula to invest in undervaluedstocks. Using a light, entertaining style, Pabrai lays out theDhandho framework in an easy-to-use format. Any investor who adoptsthe framework is bound to improve on results and soundly beat themarkets and most professionals.

Acknowledgments.1. Patel Motel Dhandho.2. Manilal Dhandho.3. Virgin Dhandho.4. Mittal Dhandho.5. The Dhandho Framework.6. Dhandho 101: Invest in Existing Businesses.7. Dhandho 102: Invest in Simple Businesses.8. Dhandho 201: Invest in Distressed Businesses in DistressedIndustries.9. Dhandho 202: Invest in Businesses with Durable Moats.10. Dhandho 301: Few Bets, Big Bets, Infrequent Bets.11. Dhandho 302: Fixate on Arbitrage.12. Dhandho 401: Margin of Safety--Always!13. Dhandho 402: Invest in Low-Risk, High-UncertaintyBusinesses.14. Dhandho 403: Invest in the Copycats rather than theInnovators.15. Abhimanyu's Dilemma--The Art of Selling.16. To Index or Not to Index--That Is the Question.17. Arjuna's Focus: Investing Lessons from a GreatWarrior.Notes.Index.