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With support from hard irrefutable data, Market Myths attempts to demonstrate the dynamic and complex nature of markets and goes on to demystify, one by one, many of the known money making maxims.
Analysts, brokers and advisors find it easier to build models using mathematics. But, evidence in real life situations is contrary and treacherous which the book proves through a number of examples. The markets keep surprising newcomers as well as the veterans regularly.
Markets are highly complex non-linear and dynamic due to changing dimensions of the global financial system, level of information flows and nuances in investor behaviour, both across time as well as market settings. More and more evidence suggests that most financial markets are chaotic systems. Yet, all have been trying to find an order in order to win on Greed Street. People have a fascination to build models, and get swayed by the mantras, especially if these are peddled by influential talking heads.
The book shatters some of the currently known popular fads about investing in the stock market, and offers interesting insights and warns about the perils of investing, based on conventional wisdom which is nothing but an epiphany away from foolishness. Market Myths makes delightful reading for all “ young and old, seasoned and novice investors.
The book makes readers and stakeholders in markets to introspect to achieve the twin objectives of creating a cult of intelligent investors - not followers of convention “ and spread financial literacy which ultimately can lead to financial inclusion as well as financial freedom.isbn-9780230322790
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Pages : 284
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