The Autobiography of a Stock
By Manoj Arora
Paperback; 240 Pages; Price: Rs 399/-
Publisher: Jaico Publishing House
Review: Gautam Deshmukh
Written in a story format with many examples, the book is very easy to read. The content is very well designed for beginners and the language is very easy. The author has picked up all the topics related to stock market and literally hand holds a new retail investor. As the blurb rightly suggests this is ‘A common man’s guide to stock investing’. The Autobiography of a Stock takes a unique look at the problem – through the eyes of Mr. Stock. Gobind, a young man eager to invest, approaches Mr. Stock for help to guide him through the roller-coaster ride of buying a stock, holding on to it and finally exiting it in time. He in the process discovers 83 unforgettable lessons in the noisy world of stocks – tried, tested and thoroughly practical. Lessons that can bring not only excellent returns but also long-term wealth.
The book is based on practical scenarios a new investor faces while investing in stock market. By creating similar situations the author gives insights to overcome those situations. Investing in stock market seems very simple and in fact it’s easy and simple but lack of knowledge makes it a gamble. While investing in stock market more than making a huge profit it is more important to somehow rather keep the capital safe and grow gradually but constantly. The book covers key ratios & parameters to evaluate companies and build a robust portfolio and also provides a practical guide for identifying quality stocks, with examples. It approaches the basics in a clear and easy-to-comprehend manner. This book is not for those who want to make huge money in short period. Strategies are mentioned in excellent way but it does not go very much beyond basic screening techniques for identifying quality stocks. Not much for a seasoned investor.
“Strategies are mentioned in excellent way but it does not go very much beyond basic screening techniques for identifying quality stocks.”