Hello friends, you know in India, Gujarati and marwadi people population is only 5%, but the 50% wealth of country is with them

In India, out of 5 businessman, 3 are Gujarati and marwadi, and leave india, they are running big business aboard also

Now see in America, the Patel community, are only 1% of Americans population, but they are owners of 50% hotels , and the interesting part is most of them don’t know the foreign languages , what they know actually, that they become so successful

The answer is DHANDO ( business) , when all people, when not able to do business, they do jobs, but opposite Gujarati and marwadi when not able to do jobs do business

Patel owns 50% of motels in America, but it was not the case always, before 1970 , Patel’s used to do business in yuganda , but at the Vietnam war , they have to move from there , and they come to America

That was a new experience for them, and they don’t know how to speak English, so to get white collar job was impossible, and in grocery business Korean people were there , Chinese people run laundry, sikh and Pakistani people were driving cabs or in cabs rental service, then the Patel’s thought to start hotel business

Because of war , nobody was coming out , hotel business was very down, so at a very cheap rates , they got the opportunity of purchasing hotels and they grab it with both hands

We have always heard , that if you have to earn in investing, there is high risk high rewards, but the DHANDO concept reversed it all , it is that we can have high returns with low risks

In hotel business, they fired all workers, and with the help of all family members started doing all the work themselves , they calculated, that for living, 3-4 rooms were enough for their family, and as all staff was fired , they have full savings of their salaries

Due to their self reliant strategy, they become no 1 in hotel industry, because no competition was able to beat them and they now own 50% of motels in America

Let’s learn the framework of DHANDO strategy

Rule no 1 -invest in simple business

Rule no 2- invest in buissness with durable moats

The term “economic moat,” popularized by Warren Buffett, refers to a business’s ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders.

Rule no 3- fixate on arbitrage

4) Dhandho Arbitrage: It is the primary theme of this chapter. It allows businesses to earn above-normal profits for a restricted time before competitors and substitutes enter and demolish these higher returns. According to Buffett, a moat is a sustaining Dhandho arbitrage.

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