Diamonds in the Dust: Consistent Compounding for Extraordinary Wealth Creation

Diamonds in the Dust: Consistent Compounding for Extraordinary Wealth Creation
ISBN-10
9354921205
ISBN-13
9789354921209
Series
Diamonds in the Dust
Category
Business & Economics
Pages
195
Language
English
Published
2021-08-16
Publisher
Penguin Random House India Private Limited
Authors
Salil Desai, Saurabh Mukherjea, Rakshit Ranjan

Description

Over the last few years, there has been a growing realization among Indians that their life's savings, the bulk of which are parked in physical assets like real estate and gold, are unlikely to help them generate sufficient returns to fund their financial goals, including retirement. At the same time, many have lost their hard-earned money trying to invest in financial assets, including debt and equities. Such losses have occurred due to many reasons, such as corporate frauds, weak business models and misallocation of capital by the companies in whose shares unsuspecting investors parked their savings. What options do Indian savers then have to invest in, and build their wealth? Diamonds in the Dust offers Indian savers a simple, yet highly effective, investment technique to identify clean, well-managed Indian companies that have consistently generated outsized returns for investors. Based on in-depth research conducted by the award-winning team at Marcellus Investment Managers, it uses case studies and charts to help readers learn the art and science of investing in the US$3 trillion Indian stock market. The book also debunks many notions of investing that have emerged from the misguided application of Western investment theories in the Indian context. Vital and indispensable, this book will serve as the ultimate manual on investing and provide practical counsel to readers to achieve their financial goals.

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