The (mis)behaviour of Markets

The book review of 'The Misbehaviour of Markets' - one of the finest works of the late legendary mathematician Benoit Mandelbrot.

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Your Money and Your Brain

Even prior to reading ‘Your Money and Your Brain’, I had been an avid fan of Jason Zweig and his work. I found his commentaries in the revised version of Benjamin Graham's investing classic – 'The Intelligent Investor' (Harper Collins, 2003) – highly educative and insightful. According to his website http://www.jasonzweig.com, Zweig is a senior … Continue reading Your Money and Your Brain

The Myth of the Rational Market

When the US subprime mortgage market took the nosedive in 2008, its ripples were felt across the world. The resulting cascading effect decimated one financial domino after another. Some institutions were rescued while others were left to go under. Often, it is in the catastrophic times like these that the long-standing, cherished doctrines are blown … Continue reading The Myth of the Rational Market

Madoff

The financial crisis of 2007-08 left many individuals and institutions scarred for life. What began as a seemingly curable flu slowly transformed into a pandemic that devoured many a prestigious, long-standing financial institutions across the world. Casualties were several - from inconsequential entities to world-cup competitive ones. When Lehman brothers went down on 12th September … Continue reading Madoff

The Ascent of Money

"The charm of history and its enigmatic lesson consist in the fact that from age to age, nothing changes and yet everything is completely different." - Aldous Huxley Niall Ferguson's 'The Ascent of Money' tracks the evolution of money from the erstwhile Babylonian tablets to the exotic financial instruments of modern day. It's a tale of human … Continue reading The Ascent of Money

Beating the Street

Now, I won't put this book in the same category as, perhaps, Benjamin Graham's masterpiece: 'The Intelligent Investor'. Where Graham's book was more academic in nature and started from the bottom up, Lynch's book is for informed investors. At least those investors who know the ropes of the stock market.