Archive | Investment Book Reviews RSS feed for this section
How to find financial wisdom in unconventional places?

How to find financial wisdom in unconventional places?

“The more that you read, the more things you will know. The more that you learn the more places you’ll go.” Dr. Seuss We have often come across a number of ‘Must Read’ books about investing. But, at the end of the day (& month), how many of us really manage to read through these gigantic reams of paper? A common complaint, we all have, is that they are too theoretical & indecipherable unless one has profound knowledge of economics, statistics, psychology & similar esoteric subjects. This book, “More Than You Know” by Michael J Mauboussin, decodes the indecipherable by tapping into a wide variety of knowledge from unconventional sources. Ever thought, what ants could teach us about the importance of diversity in efficient markets? What bees could reveal about the behaviour of crowds? This book will surprise you with such bizarre, yet immensely profitable insights that will change the […]

Read more
How can common stocks generate uncommon profits?

How can common stocks generate uncommon profits?

“I have an intense dislike for losing money.” – Philip Fisher If you feel the same; Philip Fisher’s ‘Common stocks & Uncommon profits’ is definitely going to make an interesting read. The book is surely to get investors’ attention not only because of its intriguing name but also a strong endorsement by Warren Buffett on the cover of the book which tempts us to follow what Fisher has to say. The quote reads as:-‘I am an eager reader of whatever Phil has to say, and I recommend him to you’. After all, Warren Buffett does openly claim his investment strategy to be ‘85% Graham and 15% Fisher’. Fisher, is a pioneer in the field of growth investing and ‘Common stocks and uncommon profits’ can undoubtedly be referred to as ‘bible’ on the same. Still, the question remains as to ‘what is growth investing all about? Well, Growth investing is investment […]

Read more
How to make Decisions under Risk?

How to make Decisions under Risk?

Have you ever come across a book which fundamentally altered your idea about yourself? Renowned Psychologist & Nobel Laureate in Economics, Daniel Kahneman, by writing “Thinking Fast & Slow”, has achieved just that. In the process, he has uncovered many secrets behind the various quirks of our mind which influence the way we make decisions under risk. As an investor, aren’t we faced with the possibility of risk every time? Aren’t we always keen to know more about the deep, murky secrets of human mind that can affect our wealth and happiness? The answer is ‘YES’. To unlock the answers to these questions, please read on! Why are we always in two minds? The answer lies in the 1st Part of the book, wherein we are introduced to what the author has called as ‘Two Systems’. These are the two characters of our story: System 1 – The intuitive, impatient, […]

Read more
housing bubbles chart

The Most Important Thing – A review

“I like to say success carries within itself the seeds of failure, and failure the seeds of success.” Way back in 2006, I had watched a movie named “Gafla” and since then, stock investing fascinated me. The thought of stock investing has always been at the back of my mind. But things aren’t that easy and simple in real life as they are portrayed in movies. I was left with an open ended sack of questions, like: How do I invest and which stocks should I go for? How do I decide the time to enter and exit the stocks? What are the dos and don’ts? How should I evaluate my portfolio? I started surfing the net to find solutions to my problems. This is where a review on ‘The most important thing’ by Howard Marks, chairman of Oaktree Capital Management, caught my eye. Well, the book doesn’t require praise […]

Read more