“Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.”
Quote by Mohnish Pabrai
Work
The Dhandho Investor: The Low-Risk Value Method to High Returns
This book presents a unique investment philosophy that combines value investing with a conservative approach to generate high returns with minimal risk. The author discusses the Dhandho concept, a strategy derived from traditional Indian business practices, and applies it to modern investment scenarios. more
