A comprehensive framework for value investing for the individual investor. In a simple and accessible way, The Dhandho Investor lays out the powerful value investing framework. Written with the intelligent private investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the enterprising Patel community from India and demonstrates how it can be successfully applied to the stock market. The Dhandho method extends the revolutionary principles of value investing developed by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will learn important value investing concepts such as "Heads, I win! Tails, I don't lose that much!", "Few Bets, Big Bets, Infrequent Bets", the Abhimanyu dilemma, and a detailed examination of using the Kelly formula for investing in undervalued stocks. Using a light and entertaining tone, Pabrai explains the Dhandho framework in a user-friendly way. Every investor who adopts the framework is sure to improve their results and outperform most professionals.