Value Investing and Behavioural Finance by Parag Parikh
Parag Parikh unfortunately left all of us last year in an bizarre incident that took place while he was in Omaha to attend Buffet’s AGM. Incidentally Mr Parikh passed within a month or so of death of his guru Chandrakant Sampat.
The book is a rare piece customized on Indian scenario, what you can see inside is:
Parag explains the importance of behavioral finance through both psychology and market terminologies. He starts off with success, failures of a human, his behavioral trends. And most importantly how does one human reacts to these behavioral trends.
Parag touched upon sufficiently on contrarian philosophy, what can lead to growth trap before he plunged to investment specifics.
Specific investment coverings are quite diversified, you have commodity, PSU, sector based investing, IPO and index investing.
He ends up with a caution on bubble trap and how to manage behavioral finance.
The strength of this book is very simple and lucid language, all Indian examples. He extended his conversations with his own clients in aggregate manner.
I just finished 4th time after I bought in 2010. I am sure you will enjoy as well, there is no kindle version. A copy is available through Amazon.
Happy reading!