Published in 2007, Mohnish Pabrai's book, The Dhandho Investor: The Low-Risk Value Method to High Returns, remains one of my favorite books on valuing investing and the stock market in general.
The book does not contain any revolutionary ideas about value investing; quite a lot of the content builds on the lessons Benjamin Graham regularly set out in his books, the Intelligent Invest and Security Analysis, written in the first half of the 20th century. The book also builds on the author's lessons from Warren Buffett and Charlie Munger.
However, while the book does not contain any revolutionary ideas, it does give us Pabrai's unique perspective on value investing and builds an excellent framework anyone can follow.
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