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5 timeless lessons from Parag Parikh's 'Stocks to Riches' on investor behaviour


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Published in Stocks and Investing on by Mint   Print publication without navigation

Parag Parikh's 'Stocks to Riches' shares timeless behavioural finance insights, helping investors overcome biases, avoid herd mentality, and build long-term wealth through disciplined, value-based investing.

Parag Parikh's book "Stocks to Riches" offers valuable insights into investor behavior, emphasizing five timeless lessons. Firstly, it highlights the importance of understanding one's own psychology and emotions in investing, as these can significantly influence decision-making. Secondly, the book stresses the need for a long-term perspective, advocating for patience and discipline over reacting to short-term market fluctuations. Thirdly, Parikh underscores the significance of thorough research and due diligence before investing, rather than following market trends blindly. Fourthly, the book advises investors to maintain a diversified portfolio to mitigate risks, rather than putting all their eggs in one basket. Finally, Parikh emphasizes the importance of continuous learning and adapting to changing market conditions, encouraging investors to stay informed and flexible in their strategies.

Read the Full Mint Article at:
[ https://www.msn.com/en-in/money/markets/5-timeless-lessons-from-parag-parikh-s-stocks-to-riches-on-investor-behaviour/ar-AA1FgoXu ]

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