By the time you finish reading this book, you will agree that the best way to succeed with investments is to invest early and trade infrequently. The entire approach of this book by Stein and DeMuth is conservative, with focus on what to do and not to do across its 13 chapters. The book focuses on earning a steady return and not facing giant losses when the market dips by concentrating heavily on diversification and steady investing with a very long-term focus without any real concern for short term dips and bubbles.
The structure of the book is simple and so is the language, which goes to the extent of being humorous at places. For instance, the chapter on psychology of finance is not only sound, it provides you with principles that you can easily adopt and ensure that you can benefit from in your investing strategy. The 'how to' and 'how not to' kind of method of content in this book illustrates how some things work and why some don’t. Essentially you learn about simplifying, diversifying, investing in good times and bad, holding onto your investments and making them tax efficient.
After all the Dos and Don’ts you reach a situation where the learning from the book will enable you to have a bulletproof method to investing. At the same time, reset your expectation from investments and instead focus on simple ways to invest and you are more likely to build your own bulletproof investing approach, based on what the book says.
Author - Ben Stein & Phil DeMuth
Publisher - Wiley India
Price - Rs 299
