Parikh was a vocal critic of the hype surrounding Initial Public Offerings (IPOs). In his book, he provides data-driven insights into why IPOs often underperform. He argues that IPOs are brought to the market when the promoter wants to cash out, usually when valuations are stretched. He advises investors to be wary of
Parag Parikh was not a typical fund manager. He was a behavioral economist at heart. He realized that most retail investors lose money not because they pick bad companies, but because they pick the right companies at the wrong times—driven by fear, greed, and herding mentality. Parikh was a vocal critic of the hype
Stocks to Riches: Insights on Investor Behaviour by Parag Parikh is a foundational text on behavioral finance, arguing that psychological biases—rather than lack of information—drive irrational investment decisions and poor portfolio performance. The book advocates for overcoming mental traps like loss aversion and herd mentality through disciplined, long-term investing and fundamental analysis. For a detailed breakdown, visit Elearnmarkets . He advises investors to be wary of Parag