Recently, I heard about the book that catches my attention called, “Bulls, Bears and Other Beasts” which depicts a story of the Indian Stock market by Santosh Nair. During my graduation years, I am very fascinated and interested in the stock markets and its working culture in India, so I decided to give it a try and let’s see how much knowledge I’ll gain after reading the book.
Once I start reading the book, it exemplifies the complete history of the stock markets in India during 1988. The story introduces a character called Lalchand Gupta aka “Lala” that starts his thrilling journey through Dalal Street and illustrates the brief of the Indian stock market during the period of post-liberalization. The book covers all the tech books, scams and crashes seen by Lala and makes him understand the evolution of equity markets in India.
“Bulls, Bears and Other Beasts” Book Review – What Story Says
Lala the fictional character of the book, started his career as a floor clerk with a small brokerage house. Over a span of years, the fictitious hero of the book makes his debut in the stock market ring and takes us in the deep-down journey of the Indian stock markets. He learns the working mechanism on how stocks were bought and sold in open outcry systems. After earning 25 years of experience in the industry make him completely transform from Lala – a clerk to Lalchand Gupta – a major stock operator and player. His complete journey is astounding and makes you believe the true hunger of the man to achieve success.
More than this, Lalchand Gupta’s life story narrates and unfolds the events that are witnessed by him including the Ketan Parekh scam, the Harshad Mehta scam, the evolution of Sebi and market regulations, some marquee IPOs, some failed IPOs, the arrival of the big Financial Institutional Investors, and the emergence of algorithmic trading, it has it all. The best part about the book is how the author describes the games played by the brokers, investors, and media to jack the stock prices up and down. Furthermore, the author discusses how prices were manipulated before electronic trading and gives intricate details of the operations.
Check Latest-
“Bulls, Bears and Other Beasts” Book Review – The Final Verdict
As per my understanding, this is one of the best books and must recommend for every person who is into dabbling in Indian stock markets. The medium to convert black money into the authorized money through the stock markets route is commendable. The author has successfully portrayed the message, how companies are advertised on solid fundamentals, and the stock prices are pumped distinctly to dump for no return. More than this, the book also intricate details about some very famous companies including SKS Microfinance, Maruti, MCX, TCS, etc. and glorify their rise and fall in the industry. Overall it’s a good book to read and helps you to think about the dark side of Trading/Investing through Lala’s experience.
Leave a Reply