This is the 2nd book by the author. (His first book is 'The Joys of Compounding'.) I borrowed the book from National Library Overdrive.
The book is about his dairies made from Jan 2018 till Mar 2020, where Indian stock market had downturn in 2018, recovered and then crashed again during Mar 2020 Covid.
The book has plenty of investing wisdom such as:
- Don't buy lower quality. Higher quality companies maintain prices better in downturn.
- Don't chase lower quality during boom times, only to see gains evaporated into losses during downturn
- Never bet the farm on a single investment, no matter how certain you are of the outcome. Risk often originates from sources you can't imagine. Avoid going crazy with concentration. Always diversify prudently.
- One of toughest things to do is to hold cash for long periods of time, and then deploy it during bear markets.
The reader will find the book very useful, especially if he reads it during periods of market downturn.
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