Testimonial from Mr. Mukesh Dedhia

Mr. Mukesh Dedhia, a reputed figure in the financial services industry has this to say about the book:

“A singular book that gives information on all the past market highs and crashes, the human biases that lead to extravaganzas and how mental stability helps you protect these roller coaster rides.”

Thank you Mukeshbhai for posting this review on http://www.amazon.in

#RidingTheRollerCoaster

Donald Trump in White House

Majority of people believed that Hillary Clinton would get elected as US President. Most opinion polls predicted the same. But, finally when the results were out, everyone was taken by a surprise.

For the political (and other) forecasters, this was just another day at office – another instance of a forecast gone wrong.

 

Read the chapter on “Expertise and Forecasting” in “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”. The book is available in English (hard bound), Gujarati (hard bound) and e-book formats.

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Learn from others’ mistakes and experiences as it is costly to make mistakes

Mr. Nilesh Shah, MD – Kotak Mahindra Asset Management Company Ltd recommends the book strongly. Here is what he has to say,

Wise men say, “We should all learn from our mistakes”. Someone added, “Learn from others’ mistakes and experiences as IT IS COSTLY TO MAKE MISTAKES .”

This is true in the world of investing, too. For investors, it is impossible to go through all experiences, especially what happened in the past. Amit Trivedi writes about various episodes of booms and busts in the history of financial markets in his book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”.

It is a very well-researched book and yet so easy to read for even those who are new to finance and investing. I thoroughly enjoyed reading it and strongly recommend FOR READING AND REMEMBRANCE

#RidingTheRollerCoaster

Why Smart People Make Bad Decisions – a brilliant post by Morgan Housel

In another brilliant post, Morgan Housel brings some extremely important points:

  • One of the most persistent fallacies is the reflexive association of wealth with wisdom,” investor Ed Borgato tweeted this week.
  • Another is the association between intelligence and good decisions.
  • Intelligence increases the ability to fool yourself with elaborate stories about why something happened.
  • … the smarter and more creative we are, the more elaborate stories we can tell ourselves to justify our poor decisions
  • Intelligence pushes you toward the idea that complex problems require complex solutions.
  • Even when a problem requires a complex solution, the ability to communicate it in simple terms is indispensable to getting people to take you seriously.

Read the full post here

There are stories of some intelligent and brilliant investors in the book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”. The list is quite illustrious.

#RidingTheRollerCoaster – 262

Volatility – friend or foe?

The word “volatile” or “volatility” often evokes negative emotions and many associate the term with falling prices. However, the word itself means the prices can move in either direction – up and down. In that case, is this really news? Stock markets have always been volatile. As I have written n my book, “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”, “As long as decision-making is involved with different people having different motives, their opinions, decisions and actions themselves are going to move the financial markets in either direction.

Read on …

Volatility – friend or foe?

#RidingTheRollerCoaster – 261

 

Best investment this Diwali

“An investment in knowledge pays the best interest”, said Benjamin Franklin. This Diwali make the best investment. Buy a book and read it.

And while you are thinking which one, well…

#RidingTheRollerCoaster