You may have heard all that hoopla about Warren Buffet and others who follow him like Mohnish Pabrai and dozens of others. I was still in awe wondering how I can fish like them. There is a huge gap, between the lines if you read things in the media. No one speaks about it either. No one tells you how you can find companies and value them right with simple basic research and invest soundly.
Well how do you value a company and buy it ?
I have read Mohnish Pabrai's new book " DHANDO INVESTOR" The book is great tells you all about kelly formulas, low risk arbitrages and praises Mr. WARREN BUFFET wall to wall in agonizing details. Its more of a fatherly complex the author perhaps carries for Mr. Warren Buffet in my opnion. It also narrates Mohnish's value investing in the past and how he did few companies. Well that is very good, but I was left holding the book in my hand, wondering how do you do it?
Dhando Investor is very circumspect about revealing any methods and nuts and bolts of value investing. In fact the author, hides those very same techniques that makes him money. In other words it leaves the reader, not knowing how to fish on his own. I am no fool, I could easily see that.
So in my quest, how to value companies on my own and buying these wonderful businesses for a bargain, I tore apart the whole Internet over 2 days delving into anything I can get my hands on. I educated myself to the bone, but still the nuts and bolts were missing. I can read all of it but I could NOT evaluate these businesses like Mohnish Pabrai mentions and Warren Buffet does it. Those tidbits and pieces wouldin't jive as a whole and there was a huge information gap in that area of trading or investing.
Till I stumbled upon PHIL TOWNS ' RULE #1 ' book.
Here is one book that I will recommend that gives you exactly how, you as a small time investor can lift all that gold usurped by these Buffets and Pabrais from a very unselfish and giving guy. His book " RULE #1 " is the real handbook for small time investors who can evaluate a company and its financial conditions under 5 minutes. Once I got used to his methods I can find all those numbers right off the Internet and arrive at the valuations in freaky number of seconds. In fact, I can look at these numbers and know if this company is fundamentally sound and if its a worth a bargain to buy! You get his web site and his letters. This is an extraordinary book by an extraordiany author.
Good Luck
Well how do you value a company and buy it ?
I have read Mohnish Pabrai's new book " DHANDO INVESTOR" The book is great tells you all about kelly formulas, low risk arbitrages and praises Mr. WARREN BUFFET wall to wall in agonizing details. Its more of a fatherly complex the author perhaps carries for Mr. Warren Buffet in my opnion. It also narrates Mohnish's value investing in the past and how he did few companies. Well that is very good, but I was left holding the book in my hand, wondering how do you do it?
Dhando Investor is very circumspect about revealing any methods and nuts and bolts of value investing. In fact the author, hides those very same techniques that makes him money. In other words it leaves the reader, not knowing how to fish on his own. I am no fool, I could easily see that.
So in my quest, how to value companies on my own and buying these wonderful businesses for a bargain, I tore apart the whole Internet over 2 days delving into anything I can get my hands on. I educated myself to the bone, but still the nuts and bolts were missing. I can read all of it but I could NOT evaluate these businesses like Mohnish Pabrai mentions and Warren Buffet does it. Those tidbits and pieces wouldin't jive as a whole and there was a huge information gap in that area of trading or investing.
Till I stumbled upon PHIL TOWNS ' RULE #1 ' book.
Here is one book that I will recommend that gives you exactly how, you as a small time investor can lift all that gold usurped by these Buffets and Pabrais from a very unselfish and giving guy. His book " RULE #1 " is the real handbook for small time investors who can evaluate a company and its financial conditions under 5 minutes. Once I got used to his methods I can find all those numbers right off the Internet and arrive at the valuations in freaky number of seconds. In fact, I can look at these numbers and know if this company is fundamentally sound and if its a worth a bargain to buy! You get his web site and his letters. This is an extraordinary book by an extraordiany author.
Good Luck