![the dhandho investor by mohnish pabrai summary the dhandho investor by mohnish pabrai summary](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1569504442l/49526580._SX318_SY475_.jpg)
- #The dhandho investor by mohnish pabrai summary full#
- #The dhandho investor by mohnish pabrai summary free#
This give Patel Motels a low-cost advantage to its competition. That along with meticulous hisab (accounting record), ensured that operating expenses were kept low. The entire family would pitch in to run the hotel, thus eliminating the need for hired help. With this clarity of possible options and their logical outcomes, they took the plunge. But, if all goes well, we can pay off the bank in three to four years, while making a profit after tax of $15,000 per year.” We would then, worst-case-scenario, start over at minimum wage. If that happens, we would lose our down payment, and the bank would take control of the motel. Since it’s an age-old industry with a long history of cash flows, the only thing that can trash its prospects is a prolonged recession. Or with bank financing, we can buy a small motel for $50,000.
#The dhandho investor by mohnish pabrai summary full#
“Either we work on minimum wage at $1.6 per hour, netting ~ $6,000 per year ( if both elders in the family worked full time). The thinking of the head of the family would’ve been something like this:
#The dhandho investor by mohnish pabrai summary free#
They saw the motel business as a way of making a decent living, while getting free family accommodation. After spending decades there, a few thousand of them came to the US as refugees.
![the dhandho investor by mohnish pabrai summary the dhandho investor by mohnish pabrai summary](https://1.bp.blogspot.com/-8VNUO_-qNbo/XY_gMT5Vf2I/AAAAAAAAHs8/LgwUIPsAs9Iyufs79DzbmB3pyUnU7bDmQCLcBGAsYHQ/s1600/business-1031754_640.jpg)
At the same time, thousands from the Patel community were kicked out from Uganda (Africa) after it came under a dictators rule. Ch 1: Patel Motel Dhandhoĭuring 1973, USA was entering a recession as a result, many properties were on sale at relatively cheap prices.
![the dhandho investor by mohnish pabrai summary the dhandho investor by mohnish pabrai summary](https://pictures.abebooks.com/inventory/md/md30974636474.jpg)
Mohnish here sets the tone by sharing four remarkable stories which defy business school logic and emphatically state that one needn’t undertake high risk to seek high returns. Part 1: Four stories of “low-risk, high-return” business endeavours
![the dhandho investor by mohnish pabrai summary the dhandho investor by mohnish pabrai summary](http://img.youtube.com/vi/UMBIcdfSMLE/hqdefault.jpg)
Last week I wrote about, The Evolution Of Media ( link to its summary).