If you want to learn the lessons of Nobel Prize winning economists such as Markowitz, Fama, Kahneman, Thaler and Shiller on investing in the stock market, then Abhishek’s book is your best bet. The book will not only teach you the scientific and behavioural theories which are essential to creating a robust portfolio, but it will also take you to a real-world tour of Dalal Street and show how you can bypass most of the financial predators to come out as a real winner.
With Index Investing, Abhishek has made a bold attempt to bring out the ugly truth of the Dalal Street. A truth that has been gloriously guarded by the financial intermediaries such as stockbrokers, fund managers and marketers. Like Yin and Yang, Abhishek has meticulously balanced his book to be simple and straightforward for common investors as well as thorough enough to be featured in the bookshelves of the academicians.
Index Investing is an eye-opener for both the common and self-proclaimed sophisticated investors on why investing in the equity market is not what they have been made to believe and why their money doesn’t grow as advertised by the industry. The book takes a scientific approach with references from academia including the works of Nobel laureates and clearly shows how the financial system works and who is the end beneficiary.
If you are an investor and didn’t know about the inherent conflict of interest between those who invest their hard-earned monies and the people who manage those investments, then you will do a great benefit to yourself by reading this book.
Be it the unguided common investors or misguided experts, walking through the labyrinth of the equity market is always full of conceptual and emotional challenges. Abhishek takes readers on an eye-opening journey of this mysterious world busting many myths with lucid concepts, sound reasoning and practical analogies. Readers will love the intellect of the book and will thank him for its easy practical solution.
Indian mutual fund industry has been up and running for over 30 years and it is for the first time that a book has been written which brings out its real picture. No sales pitch, no promotion and no false promise. Only the reality which has been kept hidden till now by the gatekeepers of the fund industry.
As with every business, the investment management business is not a story of golds and glories. At the bottom of this industry, there is a truth that is ugly and brutal. The genius of Abhishek is that he has brought out this truth in a spectacular fashion and great detail. More importantly, he has backed all his inferences with empirical evidence and researches done by noted academicians. If you want to avoid the snares that lurk in money management, and save yourself lots of money, you must read this book.
This title is also available on SAGE Knowledge, the ultimate social sciences online library. If your library doesn’t have access, ask your librarian to start a trial.