Money, Myths and Mantras - by Devina Mehra (Paperback)

Book Synopsis

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 questions
about 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 decades
of analysis of the fundamentals of investing. It is sure to be your ultimate guide to wealth creation.

Review Quotes

Devina Mehra, a truly first-generation brilliant professional mind, shares her experience of going from zero to busting global investing myths. Emphasizing that the era of databased investing is here, she explains that when the playing field changes, the game changes. Money, Myths and Mantras is an authentic read for anyone who wants to take the plunge in the world of ambiguity and probability called the stock market.-- "Ramdeo Agrawal, chairman and co-founder, Motilal Oswal Financial Services"

Engrossing and myth-busting-- "Ramesh S. Damani, member, BSE"

You now have no excuse. In one book, you can learn the importance of building a robust investment portfolio, starting with asset allocation and diversification across geographies and assets, and then understand how to value companies and what are the behavioural and analytical mistakes you must avoid. While stressing that she does not want to storify her investments, relying more on numbers and data, Devina tells great stories about Buffett and Lynch and many others, which effectively convey the different messages she is trying to drive home.-- "Samir Arora, founder and CIO, Helios Capital"

Devina Mehra's "itch" to share her insights, as she mentions right at the outset, has resulted in a book that is nothing short of a gem. Money, Myths and Mantras: The Ultimate Investment Guide is an engaging, easy-to-read resource packed with practical wisdom. Devina's ability to break down complex ideas into clear, digestible lessons speaks of her deep expertise and roots in a family of educators. As someone with
several years of experience navigating the ups and downs of the investment world, I can confidently say this book is a refreshing addition to any investor's bookshelf. Whether you're just starting out or have been in the game for years, it's got something for everyone. For beginners, it lays a solid educational foundation, and for seasoned investors, it serves as a friendly nudge to revisit the basics that often slip through the cracks--like a gentle reminder to not overcomplicate things when you think you know it all. What really sets this book apart is how Devina effortlessly combines the latest technologies--such as artificial intelligence, machine learning and quantitative analysis--with the timeless value of human intuition in investing. She demonstrates how these modern tools can enhance decision-making, while reminding us that, in the end, the human touch is often what makes the difference. It is a perfect blend of forward-thinking and traditional wisdom, offering something valuable to both the tech-savvy and those who trust their instincts. Whether you're already an expert or just beginning, this book is a refreshing and indispensable guide, with a little humour thrown in for an introduction.

-- "Safir R. Anand, investor; senior partner and head of trademarks, contractual and commercial IP, Anan"

Devina Mehra's "itch" to share her insights, as she mentions right at the outset, has resulted in a book that is nothing short of a gem. Money, Myths and Mantras: The Ultimate Investment Guide is an engaging, easy-to-read resource packed with practical wisdom. Devina's ability to break down complex ideas into clear, digestible lessons speaks of her deep expertise and roots in a family of educators. As someone with
several years of experience navigating the ups and downs of the investment world, I can confidently say this book is a refreshing addition to any investor's bookshelf. Whether you're just starting out or have been in the game for years, it's got something for everyone. For beginners, it lays a solid educational foundation, and for seasoned investors, it serves as a friendly nudge to revisit the basics that often slip through the cracks--like a gentle reminder to not overcomplicate things when you think you know it all. What really sets
this book apart is how Devina effortlessly combines the latest technologies--such as artificial intelligence, machine learning and quantitative analysis--with the timeless value of human intuition in investing. She demonstrates how these modern tools can enhance decision-making, while reminding us that, in the end, the human touch is often what makes the difference. It is a perfect blend of forward-thinking and traditional wisdom, offering something valuable to both the tech-savvy and those who trust their instincts. Whether you're already an expert or just beginning, this book is a refreshing and indispensable guide, with a little humour thrown in for an introduction.

-- "Safir R. Anand, investor; senior partner and head of trademarks, contractual and commercial IP, Anan"

Devina Mehra, a truly first-generation brilliant professional mind, shares her experience of going from zero to busting global investing myths. Emphasizing that the era of databased investing is here, she explains that when the playing field changes, the game changes. Money, Myths and Mantras is an authentic read for anyone who wants to take the plunge in the world of ambiguity and probability called the stock market.-- "Ramdeo Agrawal, chairman and co-founder, Motilal Oswal Financial Services"

Engrossing and myth-busting-- "Ramesh S. Damani, member, BSE"

You now have no excuse. In one book, you can learn the importance of building a robust investment portfolio, starting with asset allocation and diversification across geographies and assets, and then understand how to value companies and what are the behavioural and analytical mistakes you must avoid. While stressing that she does not want to storify her investments, relying more on numbers and data, Devina tells great stories about Buffett and Lynch and many others, which effectively convey the different messages she is trying to drive home.-- "Samir Arora, founder and CIO, Helios Capital"

About the Author

Devina Mehra is founder, chairperson and managing director at First Global. She ran an investment banking and stockbroking business that has metamorphosed into an India and global fund management outfit. Hers was the first Indian investment firm to globalize twenty-five years ago. Devina's work has appeared in several publications, including the Wall Street Journal, Financial Times, Forbes, Fortune, Business Week, Bloomberg, Barron's, etc. She frequently appears on business channels such as CNBC, ET Now, NDTV Profit and CNBC Awaaz, among others. Devina was a gold medallist both at the Indian Institute of Management-Ahmedabad and Lucknow University. She was the only woman from the field of investing to appear on the Fortune India 2022 list of the '50 Most Powerful Women' along with Nirmala Sitharaman and Nita Ambani, among others.