Summary |
The authors argue that investing in shares need not be such a nerve-racking experience, provided the decisions are made on the basis of analysis and reasoning, and are not guided by whims, fancies and rumours.
Starting with the basics of time value of money, the book covers the principal approaches to analyze securities and to design, manage and evaluate both equity and bond portfolios. Fundamental analysis, technical analysis and modern portfolio theory are covered in detail. It illustrates the underlying concepts with examples drawn from the Indian capital market and also discusses the Indian stock exchanges and tax laws.
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