Wednesday, May 04, 2022

Review: Bulls, Bears and Other Beasts

Bulls, Bears and Other Beasts Bulls, Bears and Other Beasts by Santosh Nair
My rating: 3 of 5 stars

Hooter: A fictionalised personal view of the history of Stock Markets in India

Whilst the author adds fictional characters to prevent any libel cases against him in narrating the ups and downs of the life of a stock market trader in India, he manages to sequence a lot of major headlines and the ground reality cause and effect of those scenarios from scams around Harshad Mehta and Ketan Parekh to political results like BJP coming to power in '98, '99 and 2014 to UPA winning in 2004 apart from Pokhran test and so on. He also helps provide a lot of color on some of the rules we have today and tracing back to the loopholes they plug. Whilst the book makes it look like the only way you can mint astronomical amounts of money in the stock market is by identifying loopholes and not getting caught , he also provides sound advice to investors - you aren't a good savvy investor or reader of the market unless you can survive atleast till the next bull run and the market does correct itself in the long run.

Overall makes for an interesting history of the stock markets in India from the eyes of someone who was on the ground trying to make sense of it all even though it is through the fictitious Lalaji.

View all my reviews

No comments: