Parikh’s insight: When he is depressed, they panic-sell. When he is euphoric, they buy at the top.
“Stocks are a journey from greed to fear, and finally to wisdom. Shortcut the first two. Go straight to wisdom.” Parikh’s insight: When he is depressed, they panic-sell
Parag Parikh’s Stocks to Riches: Insights on Investor Behaviour remains a timeless classic because it addresses the one variable you can control: yourself . Shortcut the first two
To go from stocks to riches, you must treat Mr. Market as your servant, not your guide. You sell to him when he is euphoric (overpaying) and buy from him when he is depressed (underpricing your assets). Market as your servant, not your guide
Parikh argues that the stock market is a giant psychological experiment. Greed, fear, regret, and overconfidence drive prices more than P/E ratios ever will. Parag Parikh borrows heavily from Benjamin Graham’s allegory of "Mr. Market" but adds his unique, Indian-market flavor.