In fact, he readily admits that he is a ready cloner (or imitator) who has succeeded by imitating other successful investors. He is quick to tell you that he didn't invent this investment methodology.
The author tries to do the same and has a fantastic record of investment returns to show for it. It is at those times of inefficiency that I have tried to make my largest investments. I am not a staunch believer in the Efficient Market Theory, instead believing that global equity markets are generally inefficient. as we have all heard from mainstream academics. The central premise of this book is that high business/investing returns are not inseparable from high-risk opportunities. So the reader immediately recognizes that this methodology is the Indian/Pakistani/Bangladeshi mindset for conducting business and investing. He goes further to say that the common street translation is simply 'business'. that means endeavors that create wealth'. The author tells us, 'Dhandho is a Gujarati word. The premise of Dhandho investing is, as the author repeats time and time again, 'heads I win. In this book, the author brings an engineer's clarity in sharing his low-risk value investing methodology.
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(FCF = Net Income plus Depreciation, which is a non-cash expense minus Capital Expenditure) It looks like BBBY is growing revenues 15 percent to 20 percent and net income by 25 percent to 30 percent a year.
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The “back of the envelope” net free cash flow was about $408 million. The Dhandho Investor’s Guide to Calculating Intrinsic Value. In this case, I was thrilled to see that the local library had The Dhandho Investor available for loan. This downtime has given me plenty of time to read, and a different library system from which to choose my selections. At the moment, we are relaxing with family for a week in the Midwest, before continuing on our extended road trip. As I've mentioned before, I am a voracious reader. Ever since I watched Mohnish Pabrai's Google Talk on Youtube, really. I can honestly say that I have been looking forward to reading this book for months.