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D**N
A few gems
Has a view gems and provides a different perspective.
A**R
Five Stars
a light, enlightening and educative book about investing minds in India.
S**H
Excellent read!
Tremendous insight and a great flow. Though read in spare leisure time, I finished it in a week. Written with a dispassionate view.
A**S
Good book.
I am of this view mutual funds will not outperform the retail value investor. As the capital gets big its very difficult to outperform and plus the short sightedness of the public..Read read and keep reading...Don't know which book or book reference or a line in the book can increase your compounding power...Good book saurabh mukhrejee..I seriously believe this, that the greatest investor would be someone obscure, heterogeneous, eclectic,wise and a loner...
G**D
Will educate you on pitfalls of investing in Indian stock market
This book gives some pertinent data regarding Indian stock market and special challenges one faces when investing in Indian stock market where laws and regulations are often opaque and not strictly enforced by SEBI. the checklist to detect the accounting shenanigans used by Indian promoter is useful. The book reinforces the message that you cannot take the accounting numbers at face value in India and need for extreme caution. This fact is born out by repeated scams in Indian stock market.The case studies of top fund managers in India are interesting. It is interesting (post facto) to know that when they started managing their clients money they did not know a zilch about investing. Yes that is what comes out in this book. They learnt along the way. Their learning process and challenges faced by them are discussed freely in this book. It gives one confidence that no one has innate talent for investing. You have to develop it yourself by dint of hard work. It is different matter that one also tends to lose faith in fund managers after reading all this. You wonder who is learning (by making mistakes) at your cost.The biggest weakness of this book is he has only talked to big fund managers. They are good but There are some exceptionally gifted and proven private investors in India. People like Sampat, RJ, Prof Bakshi, Prof Mankekar, Basant, Kedia, (Dolly) Khanna etc. I am sure there are many more private investors who are highly successful with limited resources and may know more than these fund managers. Their examples would have been very relevant to the private investors managing their own patient money. It is mystery why he did not talk to them? Or is it author's attempt to give some publicity to these fund managers who may also happen to be the client of this author? A way of saying Thank you for their business or attempt to get their business? One never knows.So the book is mixed bag. It has some valuable data for Indian investors but if you are looking for How To guide on investing then consult Messors. Graham, Buffet, Marks, Lynch, Klarman, Greenblatt etc.I would not rate this book a 5 star. Nothing exceptional in this book and except couple of things you may likely forget much of what he says just after one week.
K**R
Not so great
Interviews are not much informative. Book maybe good for some beginner just to avoid mistakes, not much useful for making money. Interviewers seemed to be promoting their respective firms claiming what they did as institutions rathet than giving some advice to retail investors.
S**Y
One time read
Interview driven book. It's good read. Gives you the indian context or growth vs value stocks. Quite biased towards hedge fund managers club. One time read perhaps yes
S**I
The book is more about experience than education
The book gives more details about the professional experience shared by renowned leaders running mutual funds for years. Out of all interviews, I liked the interview of Mr. Manjunath which gave me most of my answers about how looking at the long term investment and what really mean by strong company management. I did not get much about how to evaluate stocks or companies to invest the money but overall I liked the book because I felt like reading a magazine than a book. it was was pretty interesting and precise to the point. It is a must read for a new investor in mutual funds.
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