Pre-ordering a book before publication is like buying units of an NFO. You are committing money before you know what you are going to get. But in the case of ‘Money Wise’ by Deepak Shenoy, I knew it was a sure bet. Having known the author and reading his works for several years, I had a pretty good idea about what I would receive, and hence as soon as the book was announced, I jumped on it with an instant order.
Stocks to Riches explains the fundamental concepts one needs to understand, to achieve success in the stock markets. Concepts like investing, differences between trading and speculation, loss aversion, sunk cost fallacy (and how to avoid falling into it), decision paralysis, mental accounting, and herd mentality. Every investor has dealt with and will have to deal with these situations in their investment journey. So having all these concepts neatly compiled and explained in one book certainly helps.