CO-AUTHORED BY THREE DISTINGUISHED money managers from Ambit Capital, Coffee Can Investing: The Low Risk Road to Stupendous Wealth is a book that squarely targets the unsavvy retail investor who runs the risk of committing an all too commonly observed set of money mistakes over the course of a lifetime saving and investing.
Woven around the fictitious but familiar sounding accounts of Mr Talwar, the slightly-above-average corporate climber with never-ending money worries; and Mr Sanghvi, the wealthy tycoon with a unique set of financial troubles of his own, the book makes for a breezy read – refreshingly, sans the mumbo-jumbo and jargon that typify many books on personal finance.
Correctly driving home the importance of goaloriented saving, the Coffee Can Investing kicks off with an elucidation of some typical investing blunders — such as overtrading, not diversifying, shortterm thinking, punting on stock prices, and ignoring the impact of embedded costs and taxes on future returns. It is mostly things that we have read before.
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