Lot of new investors entering into stock market in every bull phase .But not even 1/10 of them surviving here after the following bear market . This is not due to the problem of market but the problem of investor . For majority of investors ,stock market is a place to make some quick bucks by testing their luck.They are considering stock market as a place to gamble and happy with the peanuts they can earn on a daily basis .But in reality - for a dedicated ,patient and disciplined investor – it is one of the best way to create wealth over a long period . For that, each investor should develop and follow a system which is suitable based on their risk taking capacity and expectations from market. Many of the terminologies used in market itself is confusing for a new comer. Lot of methods to follow in market for selecting stocks for investment. First of all we must decide in which boat we are planning to travel. While someone selecting fundamental approach for stock selection some others following technical methods . Again some groups following a value based approach while the others selecting growth oriented stocks. Above all of these factors common sense and ability to connect the happenings around us with the fortunes of companies and respond quickly with decisions is the most important factor deciding success in stock market.Lot of books are written by great investors based on fundamental and technical analysis .But it is not very easy to find a book explaining stock selection based on practically viable methods using our common sense and at the same time without any heavy usage of technical terms and equations . This week , I am happy to introduce one such rare book written by renowned Investor – Basant Maheshwari- who invented many multi baggers at an earlier stage. This book named as – The thoughtful Investor- explaining his own strategies in very simple language .One most important point is ,this book is written in the Indian background where most of the books in this subject published with western back ground which is not easy to understand for a beginner. This book is really helpful to find out the winning horse from the large number of listed companies .In the past , many of my readers requested me to name some good books on Investment. Since I could find many similarities in this book with my view of stock selection ,I am very happy to introduce this book to you .Cost of this book is Rs.999 , but it is not a waste but worth much more than that .
Online purchase and details about this book HERE
Dear sir, i have not read the book but planning to buy .... looking to buy a book that suits Indian stocks scenerio ...
ReplyDeleteWith you permission VP sir I'd like to add one more book by our own legendary investor Mr Parag Parikh "Value Investing And Behavioral Finance" is also worth a read. Both Mr Basant and Mr Parag rocks!
ReplyDeleteDear V.P. Sir,
ReplyDeleteThank you very much. So many investors asking you to learn some basics in investing by the way you are exploring the stocks. So I think these books help us in this regard. Once again thank You Sir.
Sir America is planing for another war on iraq what will be the impact on our markets
ReplyDeleteI am not too much bothered about macro factors .Prefer to concentrate on companies and their business. If stock price of any good company come down due to such macro factors , it is always good to buy more.
DeleteRespected Sir,
ReplyDeleteYesterday Gujarat Borosil had declared its result....Although it was not great but still we should not forget that the glass business will pick up in the future.....If we take a long time horizon,can I add it @CMP...Please do reply....I have posted this earlier but their was no response.Please respond as i want to buy it next week...Thanks a lot in advance sir :)
Stock recommended @ Rs.8 after 3 times gain , it depends on your risk profile.
DeleteMust Must Must Read for all the investors. Excellent book with simple startergy and simple language. Rare to find such book.
ReplyDeleteSir, thanks for posting this blog at a very good time.I think that many of the investors must be exiting their positions in markets due to current market fall. But smarter investors must be waiting on the sidelines for such a correction & will be accumulating value stocks at attractive levels.
ReplyDeleteCan you please express your views on Time Technoplast? Veera
ReplyDeleteIf my memory is correct ,some other companies are also there from the same management which returned nothing to its share holders.So no coomments
DeleteDear VP,
ReplyDeleteI really appreciate your efforts for the retail investors. Have been following your blog since three months. Indeed a clear vision with an microscopic eye for detail which we retailers tend to overlook.
Keen to know your thoughts on Bhushan Steel. Is this stock worth hand picking for investment for 3-5 years horizon.
Thanks
It is a good asset.But lot of pledging is there ,so we can't say where this fall will be arrested.
DeleteI believe Vp sir it's your book. ................. Am i right ?
ReplyDeleteHow I can become Basantji ?
DeletePeople never stop guessing VP's identity?
Delete