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Money, Myths and Mantras

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Money, Myths and Mantras

Written by: Devina Mehra
Narrated by: Karen Rebecca Dsouza
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About this listen

From the legendary investment guru Devina Mehra--one of the most powerful women on Fortune India 2022 and one of the only two women to receive a gold medal in the history of IIM-Ahmedabad--Money, Myths and Mantras answers some of the most difficult yet pertinent questionsabout investing.How do you get started on your investment journey?Is investment only about the stock market or should you go beyond it?What are the rules of investing and when should you break them?What are the strategies of successful investors, and should you follow them?Which well-known investment mantras are really myths?How can your brain sabotage your portfolio?An investment book like no other, it critically analyses different investing approaches and underscores what works and what doesn't. It helps readers not only learn about investing but also unlearn some of the commonly held beliefs and practices that often lead to wrong choices. Engagingly written by a thought leader in the industry, Money, Myths and Mantras includes frameworks, thoughts and aha moments for both the novice investor and the investment pros. This book is the distillation of three decadesof analysis of the fundamentals of investing. It is sure to be your ultimate guide to wealth creation. Forecasting & Strategic Planning Investing & Trading Management & Leadership Marketing Marketing & Sales Personal Finance Self-Help Stocks Success
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Money, Myths, and Mantra is a riveting listen that bridges the world of high finance and everyday financial wisdom with remarkable clarity and candour. Even for readers who might not be naturally drawn to investing, the book offers a compelling case to persist through the early chapters that delve into concepts like P/E ratios. While these may initially feel dense to some from non-finance backgrounds, they lay a necessary groundwork for what unfolds into an accessible and insightful narrative.

The author has a gift for demystifying complex economic and market dynamics. Her writing is fluid and engaging, peppered with real-life examples that anchor abstract ideas in relatable contexts. One of the book’s great strengths lies in how it challenges many of the long-held myths popularised by legendary investors - encouraging the reader to think critically rather than idolise.

At times, the writing borders on self-indulgent, with a tone that can feel overly self-congratulatory - especially when referencing the author’s firm and methodologies. While it's understandable that personal experience forms the basis of her insights, this aspect occasionally detracts from the otherwise objective tone of the book. Still, it doesn't overshadow the core messages, which remain thought-provoking and relevant.

A standout message is her emphasis on tuning out the noise of financial media and focusing instead on data, discipline, and the ever-present factor of luck. This perspective, refreshingly free of bravado, anchors the book in realism.

That said, the book could benefit from tighter editing, particularly in trimming avoidable repetitions that occasionally mar the otherwise crisp narrative.

Personally, the book served as a reminder that successful stock-picking isn’t for everyone. Like many readers, I came away reaffirmed in my choice to rely on mutual funds - a decision based not on lack of interest but on an honest self-assessment of time, energy, and temperament.

Whether you're a seasoned investor or someone who believes they’ve already got their finances figured out, this book has something to offer. I highly recommend it to anyone willing to challenge their assumptions and gain a more grounded understanding of wealth creation.

Data, Discipline, and a Dash of Luck

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