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Make up less than 0.2% population but they control more than 50% of the motel business employing nearing a million people and owning over $40 billion in motel assets in US. The history of Patels in US is very interesting one and Mohnish adds some details to it. The distressed motel industry, low initial investment, easy mortgage and free accommodation were reasons compelling enough to attract the Patel community to motel business. With frugality and extremely low operating costs, Patels turned the motels into cash generating machine. Mohnish explains the idea by doing DCF analysis on various. The dominating theme of this book.

The law of the garbage truck download. Dhandho journeys have always been all about the minimization of risk. - Whenever I make investments, I assume that the gap is highly likely to close in three years or less. My own experience as a professional investor over the past seven years has been that the vast majority of gaps close in under 18 months.

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The cash generated by one motel was used to buy another motel and very soon Patels began applying their low cost model to higher-end hotels, gas stations, convenience stores (7-Elevens) etc. The snowball effect over time ended up creating amazing results for the Patel community. Chapter 2: Manilal Dhandho Manilal started his work in US at minimum wage, worked 16 hours a day, saved money and learned the gas station business.