‘An engrossing book which lays out the fundamental principles of successful equity investing in India’
― Sanjeev Bikhchandani, founder and executive vice chairman, Info Edge (India) Ltd.
‘Diamonds in the Dust is a wonderful book for people who want to grow and maintain their wealth. This book will certainly help you find those investment diamonds in the dust!’ ― Mark Mobius, founder, Mobius Capital Partners
‘If you care about wealth creation in modern India, you should read this book’ ― Harsh Mariwala, chairman, Marico Ltd.
‘If you are a direct stock picker or would like to be, here is a book that gives you a to-do and a not-to-do checklist along with a method to the process’ ― Monika Halan, author of Let’s Talk Money: You’ve Worked Hard for It, Now Make It Work for You
‘The authors present their well-researched arguments with great conviction, in a manner that is so easy to understand. A compelling read, indeed’ ― Harish Bhat, author of Tata Log and #Tata Stories
‘No one said successful investment was easy. But this book will lead you carefully through the underlying principles’ ― John Kay, economist and best-selling author
The essential manual on generating consistent returns from the Indian stock market by Saurabh Mukherjea, the bestselling author of Coffee Can Investing and The Unusual Billionaires.
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.
About the Author
Rakshit Ranjan manages Marcellus’s flagship Consistent Compounders fund. A B.Tech from IIT (Delhi) and a CFA charter holder, he has a total experience of over sixteen years in equity investing in UK and India. He is also one of the co-authors with Saurabh Mukherjea, of Coffee Can Investing