The Dhandho Investor (Mohnish Pabrai)
The Dhandho Investor was the very first book I read on the subject of value investing, and it was an eye-opening experience. The only other source of information before that had been a free eBook on Warren Buffett's investment strategy. After reading Pabrai's book, everything I read about Buffett made so much more sense.
For example, the book taught me that a common misconception about the stock market is that you need to take greater risks to earn higher returns. In The Dhandho Investor, Mohnish Pabrai shares a powerful framework used by successful Indian businessmen to generate tremendous wealth while minimizing risk.
So why should we listen to Mohnish Pabrai? Well, because his investment funds have outperformed all major indices over the course of many years, with annual returns in excess of 20%.
If you want to maximize returns while minimizing risk, I highly recommend you to read The Dhandho Investor by Mohnish Pabrai.