Books on Investing and Stock Market - Part 2

The field of stock investing is very wide. A lot of books have been written on the subject. In the Part 1 of the series, I had discussed about books which covered subjects right from the basics of investing. 

In this post, I will try to go little deeper into the subject and will try my best to recommend books for investors or stock market enthusiasts who have learnt the basics of investing.

• Coffee Can Investing by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal. Coffee Can Investing refers to a 'buy and forget' approach to investing in companies which have delivered consistently great results. Mukherjea and his co-authors' delves deeper into this concept and have come out with this well written book solidly backed by data.
• Beating the Street by Peter Lynch. Lynch was a famous fund manager at Fidelity Investments. He liked to visit companies before investing in them. He believed that anyone who has time to do stock research can generate good returns.
• Big Mistakes: The best Investors and Their Worst Investments by Michael Batnick. 
• All I Want To Know Is Where I'm Going To Die So I'll Never Go There by Peter Bevelin. This book is about a fictitious seeker and his visit to a 'Library of Wisdom' where he meets another fictitious character - 'The librarian' along with Warren Buffett and Charles Munger. It's a must read for all Buffett and Munger fans.
• What works on Wall Street: A Guide to the Best-Performing Investment Strategies of All time by James O'Shaughnessy.
• Value Investing and Behavioral Finance by Parag Parikh. 

 So, these are the books which I could think of. I will add few more books once I get to know about them and read it. 

There are a lot of blogs, websites and even podcasts which are also imparting useful lessons in investing. May be some other day, I will touch upon them also.

And remember these three concepts always- good businesses, right valuations and long term focus. 

Happy Investing!

My-leave-the-worries-behind Car

First time is always memorable in life. Right?

Your first day in school or college or anything for the first time. I am quite sure that you might as well have remembered the first time you drove a car. Same here. I cannot and will not forget my first experience of driving a car. In fact, Our good old car is quite close to my mind and heart.

The 2006 Hyundai Santro Xing arrived in our family, when I was studying in my 10th Standard. I was quite excited to just be there in the car and had not even thought about driving it. I could feel the joy within me, it was an emotion which is hard to express really. I loved the times when my dad used to drop me off to exam centers for board exams. I grew in awe of the little machine which was well taken care of, by my dad.

Good old Trusted Companion!

Years went in a flash and all I had were some more memories with my Dad and elder brother driving it around. All that changed, when I took over the driving duties after learning to drive. My first time was marked with a lot of ecstacy as I managed to take it our for an early morning spin. The 1100 cc engine was a delight to rev hard. I revved it slightly hard, dumped the clutch pedal for throttle and off it went. The pick up, the gear ratios were much more tuned than I had expected. The seating position of the car was again very comfortable. Compact dimensions, peppy engine and great handling made Santro a great fun to drive car. The car feels stable on highways and can easily zip around in city traffic with its superior engine performance.

I loved my first drive and used to look back at that experience as one of the finest till now. I still drive it and the car functions just as well as it used to be (although all the credit should go to my Dad for maintaining the car so well).

I regularly drive my good old Santro and there's always a good feeling while entering the car. My parents are surprised that how much their son has fallen for a 11 year old car. Who says only humans can be companions?

It is my thrill machine and my-leave-the-worries-behind car.