Tag: risk
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Absolutely Certain
Yesterday, during the height of the latest European Football cup frenzy, I was driving around listening to a dreadful local radio station, and people were ringing in to the show to give their thoughts and opinions about the final between England and Italy. Some chap rang up and explained he was ‘absolutely convinced that England…
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Summary: Dhandho Investor – The Low Risk Method to High Returns
Mohnish Pabrai couldn’t figure out how on Earth the Patels – an small immigrant community that only arrived in the US a few decades ago with barely any assets to their name – managed to acquire $40bn worth of American motel and hotel assets. He came to realise that the answer is in their approach: low…
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Taking risks to advance your cause
“Seven Years in Tibet” – which I thought was going to be an account of one man’s friendship with the Dalai Lama – actually begins with the lengthy tale (65 chapters!) of Heinrich Harrer trying to escape war imprisonment in India and trekking through Tibet. Only one purpose – to be free – guided his…