It takes the average reader 3 hours and 3 minutes to read Say Goodbye To the Herd Mentality – your guide to sensible investment practices by Sameer Rastogi
Assuming a reading speed of 250 words per minute. Learn more
Are you interested in the stock market? Do you plan to start investing in it? Or have you burned your fingers in the real estate through rash decisions or wrong advice? Have you been swayed by hype and ads that lure you with the promise of quick riches? Well, then, Madness of the Masses is a book you must read. History has proved time and again how get-rich- quick offers have fallen flat, leaving investors in a state of financial ruin. However, we never seem to learn from history. When the next exciting scheme to get rich comes along, we fall for it all over again, leaving us in financial ruin, while the perpetrators of the scams, more often than not, laugh their way to the banks. These boom and bust cycles continue century after century. In this book, author Sameer Rastogi makes a compelling case for how human greed and envy propel us towards financial ruin. He says, “I have witnessed investor emotions and biases during Booms and Depressions. With experience, I realized that most of the investor questions and investor biases didn’t have practical answers in pure investment research. It required out-of- the-box thinking. It required analysis of investor behaviour at large. It required a study of emotional forces like greed and fear… For investment success, the EQ of each investor proved to be worth its weight in gold. Also, high investment IQ alone didn’t necessary translate into higher investment profits.” Unlike most dry finance books, Madness of the Masses is peppered with interesting anecdotes from history detailing scams through the ages, making it a thought-provoking, fascinating read. A definite must-read for investors and potential investors as there is a lesson for each of us. The author says, “The bubbles and scams are not new. They have been in existence since the time humans have been greedy, jealous and fearful. The madness of the masses is here to stay. It is up to individuals to learn from the past and stand apart from the crowd.” Section 1 Historical evidences of our vulnerability to Investment Bubbles and Scams 1. History is a great teacher, but we are not good students 2. Tulip Mania – How an entire nation went nuts over flower bulbs (circa 1637) 3. Mississippi Company Bubble – Anybody can get rich quick in France (circa 1717) 4. The South Sea Company – The Great Greed of Great Britain (circa 1721) 5. Railway Mania – The Gravy Train (circa 1845) 6. Florida Land Boom – Man-less Land for the Landless Man (circa 1925) 7. The Great Storm before The Great Depression (circa 1929) 8. Japanese Asset Bubble (circa 1986) 9. The Great Indian Thugs and their Tricks a. PACL Scam b. Saradha Scam c. Stock Market and Banking Scam by Harshad Mehta & Ketan Parekh d. Home Trade e. Teak Plantation f. EMU Mania g. Scams of Real Estate h. ….And some more jaw dropping scams Section 2 Causes of Asset Bubbles and Scams 10. The Power of Greed 11. The Power of Envy 12. The Power of Patterns Section 3 Identifying a Bubble or a Scam, and Avoiding it 13. Avoiding the Scams 14. Avoiding the Asset Bubbles 15. Some Strange but Worthy Indicators of Gauging a Bubble a. Industry becomes the first choice for career seekers. b. Bigger and taller skyscrapers. c. Art sales are frontpage news. d. Industry-related magazines are flying off the shelf. e. The difference between long-term and short-term fades. f. Everyone around you will be an expert. g. Financial engineering hits the roof . h. Investments are out, casinos are in. Bibliography
Say Goodbye To the Herd Mentality – your guide to sensible investment practices by Sameer Rastogi is 178 pages long, and a total of 45,924 words.
This makes it 60% the length of the average book. It also has 56% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 4 hours and 10 minutes to read Say Goodbye To the Herd Mentality – your guide to sensible investment practices aloud.
Say Goodbye To the Herd Mentality – your guide to sensible investment practices is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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