Entality has shifted since 2005 when he wrote the book It is one of the books which you should read in the beginning process of knowing about stock market mutual funds financial literacyIts broad view would be how psychology affects our decision makingIn economics we ve learned that one of the basic assumption of many laws is that human beings are rational beings and would always maximize their profits But in this book we get to know that how irrational we become when we have to use our brain rationallyThe few things we learn are Investing Loss Aversion Sunk cost fallacy Status uo bias Endowment effect Decision paralysis Mental heuristics Mutual funds Stock market How the stock market operates in a loop How a bubble is formed How they burst Types of investors Assest diversification Importance of cash flow What are assets and liability inspired from Rich Dad Poor Dad which the author has acknowledged and importance of stocks in investment The book is ok for beginners But for someone who is already in this field not too much of value add Must read for those who want to enter in the field of Investing This book is for Beginners It explains about stocks and other investments This book also touches a few concepts of Behavioral Economics like Loss Aversion Sunk Cost Fallacy endowment effect Mental Accounting etc The best book on Stock Market Investing I strongly recommend that everyone should own read Parag Parikh s two books 1 Stock to Riches 2 Value Investing Behavioral FinanceI strongly insist that one should refer these books multiple times throughout their investing lives. Ies investing in stocks and provides key perspectives for a lay investor venturing into the market And at the end of the day Stocks to Riches helps the retail investor make money by following the time tested and proven guidelines provided in the book A must read for brokers analysts and retail investors.
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About the Author Mr Parikh was one the best fund manager Dalal Street has ever seen He was the MD of Para Parikh Advisory Services which offers Portfolio Management Services in India and has given a positive return to all the investors in it However they closed their PMS services and entered into Mutual Fund Industry by a fund PPFAS Long Term Value FundAbout the book Stocks to Riches by Parag Parikh teaches an aspiring investor not only the basics of stock market in a layman language but also makes them realise how emotions or behavior influences the investment decisions This book is a highly appreciable work on valued long term investments into stock market For those people who are interested in the world of stock market I would suggest you should consider reading this book because Insights into Investor Behavior is the USP of this book Stocks to Riches is Must Read for a new entrant to Stock Market especially if heshe does not have necessary ualifications to enter stock market Book does not tell you which stocks to pick rather it guides your overall investment strategy with the help of the Behavioural Fiance approachI found it very useful to start my Journey From my very own experience though I read this book 10 years ago but made no sense to me as I was not into stock markets by then Recently I started to invest in the stock market and made some losses and some profits in the last 2 3 years Now when I look back I should have read this book ust before entering stock markets to make my money work hard for meThis also brings another point to my mind that though there woul. Investing in the stock market is challenging as the market dynamics are unpredictable Analysts brokers and retail investors realise to their dismay that investments do well but investors don't do well What could be the reasons behind this Whats goes on in an investor's mind What makes a stock market bub.
D many books guidance available to you pick only what is relevant to you and adds value to you NowJust gathering info because of High Recommendation Good Reviews etc will not add value to you It is a nice book which touches upon the basics of behavioral finance It helps us understand the various biases and aversions that we have as investors or even in life as general Just starting out investment in stocks Don t think much Arkadaşım Muzo (Genconun Yalan Dünyası just pick this book up And go for it Good book if you are looking for an introduction to the various investment options including stocks and mutual funds The author does a goodob providing examples from his experience If you re looking for something detailed and expecting to read about how to choose companies you d like to invest in how to build a portfolio and what makes a good portfolio this isn t for you This book is a good short read It delves into the very basics of investing and behaviours of various investors He writes the book as a dialogue of misconceptions we fall to Parikh does a good ob explaining the basics and terminology of the stock market and as a beginner I appreciated his ability to make a reader understand the market and its benefits Although I enjoyed the book I found his dialogues awfully sexist The female characters mentioned always say the same line and I uote I am only a housewife I do not understand investments He also referred to parents looking at investment for their daughter in terms of ewellery and marriage and for sons as investing in real estate Statements like this really ruined the book for me I hope this Indian Ble How does it burst How does one find the right strategy of investing Intrigued by these pertinent uestions Parag Parikh a seasoned broker and expert took up this daunting task of understanding and demystifying investing in the stock market Stocks to Riches is a distillate of his experience It simplif.
Parag Parikh was an Indian entrepreneur and author He was the founder and chairman of PPFAS Ltd an Investment Advisory Firm He began his sojourn as a broker on the Bombay Stock Exchange in 1979 He has a Masters’ Degree in Commerce & Economics from the University of Bombay