Stocks To Riches By Parag Parikh ◉ [ FAST ]

This advice is now mainstream. Parikh's own fund (PPFAS) famously holds ~30-35% in US equities. Long before the "S&P 500" was a household name in India, Parag Parikh was telling you to buy it.

Parikh hated "tips." He loved logic. He observed that the market has a predictable cycle: Greed (\to) Euphoria (\to) Denial (\to) Panic (\to) Despair (\to) Recovery. Stocks To Riches By Parag Parikh

"Define the perimeter of your knowledge. Do not buy a single share of a company whose business model you cannot explain to a 10-year-old in three minutes." This advice is now mainstream

Remember his closing sentiment: "The stock market is a device for transferring money from the impatient to the patient." Parikh hated "tips

While traditional finance assumes investors are rational actors who always make decisions to maximize wealth, behavioral finance acknowledges that investors are humans who are often irrational, emotional, and biased.