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Episode Details: 

Article - Lessons On Investing (And Life) From Mohnish Pabrai - https://tapandesai.com/lessons-from-mohnish-pabrai/

The Dhandho Framework by Mohnish Pabrai

Richer, Wiser, Happier by William Green

The Dhandho Framework:

• Focus on buying an existing business
• Buy simple businesses in industries with an ultra-slow rate of change
• Buy distressed businesses in distressed industries
• Buy businesses with a durable competitive advantage – The Moat
• Bet heavily when the odds are overwhelmingly in your favor
• Focus on arbitrage
• Buy businesses at big discounts to their underlying intrinsic value
• Look for low-risk, high-uncertainty business
• It’s better to be a copycat than an innovator

Cold Brew Money Episode on Moats: https://coldbrew.money/9-all-about-that-moat/

Cold Brew Money Episode on Intrinsic Value: https://coldbrew.money/13-getting-started-with-intrinsic-valuation/

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Information is only for educational and entertainment purposes and should not be relied upon as investment advice.