Book Review- Stocks to Riches

Parag Parikh- I came across this name first when I was researching about Mutual Funds. Owing to its international equity exposure, Parag Parikh Flexi Cap Fund will be my first high risk buy if the markets (in US and India) fall beyond expectation. The book Stocks to Riches is a good commentary on Investor psychology. The key points that it focused on were- Loss Aversion, Sunk Cost Fallacy, expenditure discipline, Risk-Reward ratio, and ideal Cash Flow patterns.

Personally, already being a very disciplined and thoughtful earner, spender and investor, I did not find the principles and thoughts new to me. The aim of such books is to bring the mindset of new investors in the right direction. For me, it could have been a skip.