New Book By Monish Pabrai
Monish Pabrai is being called the ‘young Warrent Buffett’. He’s been returning 30% annual returns for his investors, similar to what Warren Buffett had been returning in the initial stages of his career.
He’s come out with a new book:
The Dhandho Investor: The Low – Risk Value Method to High Returns
Based on the fact that his previous book, Mosaic: Perspectives on Investing is now selling for about $495, it might be worth picking up a copy as an investment, even if you don’t like reading!
I happened to meet Mr. Pabrai when he was giving a speech in Orange County a year ago and was lucky to pick up a signed copy of Mosaic. Signed copies of that book have sold for $2,500!!! I hope I didn’t throw it away, it was lying in my car trunk for the longest time.
I haven’t read the new book yet, but its next on my list (after I finish The Black Swan: The Impact of the Highly Improbable which is an awesome book on the philosophy on improbably events affecting investing).
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- The World's Most Successful Depression-Era Investor I subscribe to a lot of newsletters. One of them Capital & Crises by Chris Mayer had a very interesting write up on John Maynard Keynes: You probably know John Maynard Keynes as an economist, but may not know that he was also a great investor, maybe the most the......
-
Long-Short Bond Trade: Now With Reduced Volatility! In a previous post on Deleveraging, I promised I'd talk about an interesting long-short bond trade that I entered last week. If you believe that US Treasuries are over-valued, or foreigners will lose their appetite for US debt thus forcing up the interest rates, you're probably looking to short treasuries. ...... - Tax Breaks For New Home Buyers According to The American Housing Rescue and Foreclosure Prevention Act of 2008, passed by Congress in July, first time home buyers who purchase homes between April 8th 2008 and July 1st 2009 are eligible for a first time home buyer tax credit. They can get $7,500 tax credit or up......
Related Websites
- Investing Safely You want for your money to work for you and to grow, right? But taking risks makes you feel uneasy? So is there a way for you to invest more safely? Of course there is! There is a rule that is associated with investing that is ancient, and yet remains......
- Hard Truth Week in Review - Cynics Edition I'm a generally cynical person about personal finance. No surprise there. I'm not saying that's a good thing. I'm just owning up to my flaws as a human being. Here's an explanation of why you may be a cynic too. Here are a few more cynical readings in the world......
- Choosing a Great Investment Manager You know that past returns are not indicators of future performance, right? You've read that on a billion mutual prospectuses. Nonetheless people tend to use their past returns as their primary motivation for selecting new ventures and speculations. This is probably a combination of everyday human nature, the historical charts......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply