“DOHANOMICS – Timeless Lessons For Investors from Sant Kabir and Rahim”

by Vinayak Sapre

We tend to complicate our lives. For instance, we start out owning a cycle, then graduate to using a scooter; soon, we aspire for a car and once we have the car of our dreams, we come a full circle by to wanting a cycle once more because we realize that riding one is the best way to stay fit. More often than not, our actions are driven by peer pressure and the need to follow the herd. We do not take into account the fact that we are all unique individuals with different needs and circumstances. So, naturally, to lead a happy and fulfilled life we must have clarity, not only on WHAT we want to achieve but WHY we wish to achieve it too. The world of investment is no different. People want to make more money than their neighbours or friends. So, they have casually decided on WHAT they want to achieve and completely ignored the more important issue of WHY they have set themselves this random aspiration. This is precisely what makes their financial lives complicated. Both living life and investing could be simple and uncomplicated if only we were more sensitive to our own unique needs and paid more attention to our environment. Sant Kabir and Rahim were very observant of the way people behaved and offered timeless solutions to the complexities of life in a very lucid manner. Their advice, when interpreted appropriately, is immensely pertinent for investors even today and can help preempt common mistakes that we tend to make in our financial lives. 'Dohanomics' is a collection of forty gems from Sant Kabir and Rahim, interpreted by the author, who has studied their ancient wisdom and applied it to behavioural aspects of investing. Presented in practical and logical terms, often with contemporary examples from the financial world, these interpretations offer both novices and seasoned investors robust advice that can be implemented effortlessly to elicit success in the world of investing.

186 pages, Kindle Edition

Published April 19, 2017

Reviews

[Univpurpose · Rating 4 out of 5]

Good book about WHAT message to give, not HOW to fulfill it

I bought this book as it was well reviewed. I like the part that it links the dohas / ancient scripts to investing. That is a very noval and smart way of teaching. Almost authoritative, well done. For some reason, I thought it would also teach about a set allocation, how t I do self investing and so on, but was disappointed that none of that is in the book

Perhaps something for the second edition or a totally new book, but there are very little books on asset allocation, smart ways of investing etc. Lot of books on giving this gyan but not how to think about it in DIY manner. Not everyone is literate enough to do DIY but many can also. Would've been nice. Giving stars for the concept but taking one away hence. Maybe I misunderstood the scope of this book, apologies if I did.

[Amit Trivedi · Rating 4 out of 5]

A very well written book connecting the wisdom of sages like Kabir and Rahim to the subject of personal finance.