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Book Summary of Coffee Can Investing by Saurabh Mukherjea

Coffee Can Investing is a book by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal that explains how to build a long-term portfolio of high-quality stocks that can generate wealth over time. The book is based on the concept of the coffee can portfolio, which was first introduced by Robert Kirby in 1984. The idea is to buy a basket of good companies and hold them for at least 10 years, without worrying about market fluctuations or short-term performance. The book argues that this strategy can beat the market and create financial independence for investors.


The book covers the following topics:


- Why most investors fail to beat the market and how to avoid common mistakes such as overtrading, timing the market, chasing fads and following tips.

- How to identify good companies that have consistent growth, high return on capital and low debt.

- How to construct a coffee can portfolio of 15-20 stocks that can deliver 15-20% annual returns over a decade or more.

- How to monitor and rebalance the portfolio periodically and when to sell a stock.

- How to deal with taxes, inflation and fees while investing in the coffee can portfolio.

- How to use the coffee can approach for other asset classes such as bonds, gold and real estate.


The book is written in a simple and engaging style, with examples, anecdotes and case studies from India and abroad. It is suitable for both beginners and experienced investors who want to learn how to invest for the long term and achieve their financial goals.

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