In Gujarati, "business" or "endeavours that create wealth" is the literal translation of "dhandho street translation." Nonetheless, Mohnish Pabrai provides a more limited explanation of his low-risk, high-return business plan. He describes these kinds of bets as "Heads, I win; tails, I don't lose much." Dhandho is a very cautious and risk-averse investing philosophy. Its main goal is wealth preservation, which it then tries to do by finding stocks and companies where you can buy them below market value reviews for the book and reduce your losses while gaining a high likelihood of profit.
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