What will you learn from this book
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Long-Term Perspective: Successful investing often involves taking a long-term perspective, focusing on the fundamentals of a company rather than short-term market fluctuations.
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Risk Management: Understanding and managing risks is crucial in investing. Diversification and careful consideration of risk factors are key components of a successful investment strategy.
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Behavioral Finance: Recognizing the impact of psychological factors on investment decisions is essential. Investors may often make decisions based on emotions rather than rational analysis.
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Importance of Research: Thorough research and analysis of stocks and markets are essential for making informed investment decisions. This includes understanding financial statements, market trends, and industry dynamics.
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Value Investing: Embracing the principles of value investing, as popularized by investors like Benjamin Graham and Warren Buffett, can be a successful strategy. This involves identifying undervalued stocks with strong fundamentals.
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Market Cycles: Understanding market cycles and economic trends is crucial for making strategic investment decisions. Investors may adjust their portfolios based on the prevailing market conditions.
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Patience and Discipline: Successful investors often exhibit patience and discipline. They resist the urge to react impulsively to short-term market movements and adhere to their long-term investment strategies.
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Continuous Learning: The financial markets are dynamic, and continuous learning is essential for staying informed about new investment opportunities, market trends, and economic developments.
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Investor Psychology: Understanding how investor psychology influences market behavior can help investors navigate market fluctuations and make more rational decisions.
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Global Perspective: Considering global economic trends and events is important in today's interconnected world. Investors may diversify their portfolios globally to mitigate risks and capitalize on opportunities worldwide.
| Language | English |
|---|---|
| ISBN-10 | 0070597715 |
| ISBN-13 | 9780070597716 |
| No of pages | 112 |
| Font Size | Medium |
| Book Publisher | Mc Graw Hill |
| Published Date | 01 Jul 2017 |
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"First book on stock market for the large investor, in a simple, easy-to-understand language, which imparts sound thinking on the behaviour and philosophy of investing in stock market." Ravi Mohan, Managing Director & CEO, CRISIL Limited "Parag Parikh ahs distilled his years of experience into this ready recknoner. It's simple to follow, but it encapsulates a rich store of insights garnered over decades of studying and analyzing the stock market.
He demystifies what is a daunting field for most people, and thus does a great service to all who have ventured into it-or are summoning the courage to do so. Bachi karkaria, Columnist, The Times of India "An extremely insightful book of great practical value that evey investor, both beginners and the experienced, should read." Chetan Parikh, Director, Capital Ideas Online.com Investing in the stock market is challenging, as the market dynamics are unpredictable.
Analysts, brokers and retails investors realize to their dismay that 'investments do well, but investors don't do well'. What could be the reasons behind this? What goes on in an investor's mind? What makes a stock market bubble? How does it burst? How does one find the right strategy of investing? Intrigued by these pertinent questions, 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 simplifies investing in stocks and provides key perspectives for a lay investor venturing into the market. 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.