About the book
The book contains pearls of wisdom, great insights, and compelling concepts. The best part is that the book focuses on the Indian stock market, and each chapter is explained using Indian stocks. It is an antidote to investor anxiety and a guide to sane and safe investment decisions. It also shows how collective behavioural biases affect investment decisions and returns in the market.
A great piece of advice from the book: "When others are greedy, be fearful, and when others are fearful, be greedy."
About the Author
Mr Parag Parikh was a highly regarded and respected stock market veteran. He began his career as a stockbroker in the late 1970s and founded Parag Parikh Financial Advisory Services Private Limited in 1992, sponsored by the PPFAS Mutual Fund. He is particularly well-known for being a pioneer in applying globally accepted tenets of Behavioral Finance while investing in Indian companies. In a world where making politically correct, anodyne statements are the norm, he charted a different course with his candid, sometimes acerbic observations on the Indian financial sector in general and stock markets / mutual funds in particular. However, no one could deny that each statement had a ring of truth to it. As a prolific writer and blogger, his contributions to various reputable publications aided in conveying his forthright opinions to eager readers.
His two books, "Stocks to Riches" and "Value Investing and Behavioral Finance," cemented his reputation as a thought leader and prompted readers to examine their investing habits.
Buy the book
The book teaches you how to spot investment opportunities and pitfalls in the stock market. We highly recommend you to read the entire book. (affiliate link)