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Book Summary of Gurus of Chaos: Modern India's Money Masters by Saurabh Mukherjea

Gurus of Chaos: Modern India's Money Masters by Saurabh Mukherjea is a book that profiles some of the most successful fund managers in India and reveals their secrets of investing in the Indian stock market. The book covers the stories and strategies of eight fund managers who have consistently outperformed the market over a long period of time. These are:


- Ramesh Damani, who started as a broker and became a value investor with a knack for spotting multibaggers

- Raamdeo Agrawal, who co-founded Motilal Oswal Financial Services and developed a framework for finding quality growth stocks

- Prashant Jain, who heads HDFC Mutual Fund and follows a contrarian approach to investing

- Sankaran Naren, who leads ICICI Prudential Mutual Fund and is known for his deep value investing style

- Nilesh Shah, who manages Kotak Mahindra Asset Management and focuses on macroeconomic trends and themes

- Anoop Bhaskar, who heads UTI Mutual Fund and applies a bottom-up stock selection process

- Kenneth Andrade, who founded Old Bridge Capital and looks for structural changes in industries and companies

- Manish Bhandari, who runs Vallum Capital and combines value investing with behavioral finance


The book also explains the common traits and principles that these fund managers share, such as:


- Having a clear investment philosophy and process

- Doing independent research and analysis

- Being patient and disciplined

- Having a long-term perspective

- Being humble and open-minded

- Learning from mistakes and failures


The book is a valuable resource for anyone who wants to learn from the best minds in the Indian investment industry and gain insights into the opportunities and challenges of investing in India.

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