Investing in stocks- this is something very dear to many people. Most of us invest in the stock market. Look around you and you will realize that a lot of conversation revolves around the best ‘tip’ for the best stock at the ‘perfect time’. The Autobiography of a Stock by Manoj Arora is aimed at novice investors to empower them to make an informed decision about investing in stocks.
Investing in stocks- start with a story
The tool of storytelling is a powerful one. This book also uses it to capture the interest of the reader. The book tells us the story of Govind, a young man who wants to start investing in stocks. He approaches none other than Mr. Stock himself! Narrated in the first person by Mr. Stock the book is hilarious, heart-warming and of course very informative!
83 lessons form the crux of the book. Each lesson is neatly boxed and worded as a comprehensive two or three liners. These lessons follow a more detailed explanation of the topic in question. They cover the entire gamut of stock investing tips and fundamentals.
The emotional roller coaster
Through the conversations between Mr. Stock and Govind, one can get a sense of the emotional roller coaster that any journey of stock investing entails. The author rightly says that “Those with better emotional intelligence are more likely to make more money from the market, when all other factors remain the same”. The book shows a deep understanding of the psyche of the common investor.
A comprehensive guide
The book first establishes that stock investing is indeed a very powerful way to make your wealth work for you. It is the volatility of the stock market which gives stellar returns. Unfortunately, it could lead to losses as well if not leveraged in an informed manner. The book goes on to describe the techniques that one needs to be aware of in order to invest wisely and also the factors that one needs to be wary about.
There are plenty of practical examples and formulas interspersed with these principles which makes it convenient for the reader to apply his knowledge.
Apart from the simple language that demystifies the entire concept of investing in stocks, it is the background of the author himself that really strikes a chord. He does not come from a finance background. He does not use complicated jargon that makes investing in stocks look like a skill from another planet! His background coupled with his confidence in the ability of a common man to invest in stocks, makes this book relevant.
The Autobiography of a Stock is in essence a common man’s guide to stock investment. A great read for those who love to get into the nitty-gritties of investing in stocks. Read it first at one go, and then actively use and apply the principles described in the book.
Title: The Autobiography of a Stock
Author: Manoj Arora
Publisher: Jaico Books
Genre: Finance, Business