Favourite book …

I came across this article recently. This profiles a successful CFO of a company, who is now managing her own company. Have a look at a box titled “Favourite picks” towards the end of this article.

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What a debut!

“Riding The Roller Coaster-Gujarati” — # 82 on Amazon’s Bestsellers in Business Self Help

This is still the pre-order stage and the link got activated barely two days ago.

Thank you everyone!

Potential “black swans”

Here is an excerpt from the book from the chapter “On forecasting and expertise“:

At one point, someone went really overboard to take charge of the situation. He asked his team, “Let us try and figure out which black swan events are possible in the near future.

Spending time to identify a “black swan” in advance is futile. By definition, the moment you know a potential risk, it ceases to be a black swan.

The investors’ urge to know the future is the strongest when the overall interest is high – these are the times when the markets are at or near the peak. (The interest in the market can be gauged by the traded volumes or the number of participants interested in taking advantage of the situation.). These are the times when many investors are looking for short-cuts – the easy answers to making money.

It amazes me how regularly people try to find out the “black swans”. Here is a link to an article that tries to identify “3 potential black swans” – not just one. You can see the similarity between the excerpt of the book in ther starting of this blog and the article in the link.

#RidingTheRollerCoaster – 259

Gujarati edition available for pre-order now

Gujarati edition available for pre-order now

Gujarati edition is available for pre-order on http://www.amazon.in

Click on the link below to order:

Riding the Roller Coaster (Gujarati) Hardcover – 2016


“… must read …” tweet by Hemant Beniwal, CFP

Hemant Beniwal, a leading financial planner tweeted:

Just finished reading “Riding the Roller Coaster” – awesome book by Amit Ji 👍 Must Read for Advisors & Equity Investors


The blame game – whom to blame?

Yesterday I wrote about “The blame game“. It is a common human trait. However, there is another pattern if you consider who gets the blame. In “Beyond Greed and Fear”, Hersh Shefrin continues:

Of course, for this to work, the person to whom responsibility gets shifted must be seen to have expertise. Otherwise, the client will feel just as much regret for having relied on a novice for advice.

 The person to be blamed must be known as an expert, else the blame comes back in a different form, “How could you trust such a person?” But with an expert, there is a comfort that there is no mistake in trusting the expert.

It’s all in the mind, after all.

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