SOME VALUABLE EXCERPTS FROM PARAG PARIKH'S BOOK VALUE INVESTING AND BEHAVIOURAL FINANCE.
·
…is it because of the inconsistent
performance of business behind the stocks of is it because of the behavior of
the market participants, who as a result of greed and fear get excessively
optimistic and pessimistic about the future resulting in bull nd bear phase?
·
…a conclusive study done on Sensex
which highlights that it is not the inconsistent performance of companies
constituting Sensex but the follies of crowd behavior which make investing
risky.
·
IPO investing is not for a value or a
contrarian investor. Value found in bear market and IPOs are a product of bull
market.
·
…we have created financial markets
where such insanity works.
·
Research on the Indian indices high
lights some important drawbacks of passive investing.
·
Failure is as predictable as success
because it is the strength of characters which separates the winner from the
loser.
·
Economists say that the inability to
delay gratification is the primary reason for economic failure in life.
·
Ninety percent of what we do is
dictated b habits.
