Value Investing and Behavioral Finance: Insights into stock market realities Hardcover – 1 July 2017

I enjoyed reading this book as it discusses very interesting ideas and points concerning Indian Stock markets. The focus of the book revolves around behavioural aspects of investing in various circumstances. The key message is to buy the stock at the right price and stay away from all behaviour anomalies which create hype around a particular stock. In the initial chapters, the author guides you through the characteristics of human nature and why people fail. This is extremely important to understand in stock investing. The author also describes contrarian investing i.e. going against the crowd and look for businesses at the right price. Chapters on growth Trap, commodity investing and public sector units are a real eye-opener. The author further discusses pitfalls of sector investing, IPOs and Index investing.Anyone looking for understanding value investing and what are the behaviour anomalies in stock investing will gain very good insights. One may find that behaviour aspects are coming up again and again in each chapter in a different form and message but they are rightly captured and positioned to illustrate the central theme of the book about behavioural finance. The author attempts to stress the point to resist excessive optimism, overconfidence, greed, envy, representative bias, media hype, herd mentality etc.There are good case studies presented in the book that will help you understand behavioural anomalies and mistake one makes in investing.The author also describes that Investing is not about taking short cuts and chasing hyped stock in which one attempts to make quick profits. if one needs to be successful in investing, one should develop certain attributes i.e. Patience, Sincerity, ability to control one emotion, finding companies with the right price. Eventually, this will translate into long term success.Overall, Wonderful book with a good recipe for success in Stock investing. Fantastic job!

Late Parag Parikh has explained various facets of Value Investing and Behavioral Finance with Indian perspective. He relied on the then research in behavioral finance and explained how that was applied in the Indian Equity Markets. As the book was written in 2009, the book do not cover developments in Indian Equity Markets after 2008 including the meltdown after Global Financial Crisis of 2008. The book shows how value investing is to be applied by equity investors in India. The book also explains how the behavioral aspects affect investor's decision making and investment returns. As the author was a practitioner with long experience of investing in Indian equities, he covered two major events viz. 1992 bubble and burst caused by Harshad Mehta and 2000-01 technology bubble and burst. The book has chapters which explain Indian context for Contrarian Investing, Growth Trap, Commodity Investing, Sector Investing, Public Sector Units and IPOs. All these chapters contain data supported by solid historical research of Indian Equities. The chapter on Growth Trap is simply the best. I wish the book is revised and updated by someone like PPFAS so that the developments after 2008 are covered as well. The book is one of the best books on Value Investing and Behavioral Finance as applied in Indian Equity Markets.

This is one of the must read book for Indian investors, Parag Parikh has covered the Behavioural Finance topics so very well in this book that you will be amazed to know and learn about it. From IPO to PSU and from Growth to Bubble trap this book covers most of the behavioural trees from investor perspective and what more you get great examples all from Indian stock Market.What the Author has done has studied great scholars like Daniel Kahneman, Warren Buffet, Nassim Taleb, Charles Munger, Richard Thaler and Jeremy Siegel and great others.... and tried to capture their experience and knowledge in this book relating to stock markets with some great ground research and experience and his own.I would highly recommend this book as it really gives you more insights To Indian Stock Markets and add to you great information on Public Sector Units which I have never read in any other book by International Authors as its somewhat unique to India or developing nations? Along with it its the Author has the right pace and continuity for this book which make it good to readAllwyn

Came in the perfect condition.

Must read . Knowing past is the best to start in market

Pros:1. From an indian stock market investor point of view, this book really does a good job in making sense about investing behavioral anomalies.2. Concepts of value stock & growth stock.3. Analysis shown here also gives path how stocks & various sectors needs to be viewed strategically in bull & bear markets.4. Dividend rich stock & dividend reinvestment strategy.Cons:1. The book is very repetitive, same thing repeated over again in almost all chapters that annoys a reader.2. The book is analysed only till 2007, hence it has no reference given about the The Great recession market or Lehmann Brothers Crisis of 2008.3. This book is not at all for trading. So those planning to learn about intraday from this, just avoid it.Bonus tip: Read the book to find out why you should not be investing on popular marker index fund in India according to the author.

Awesome book...Has cleared so many fundamentals about investing..Perhaps, I will be wiser investment wise..

Print paper seems to be of not original.....Original pirated version.....