Maneesh Dangi’s New Book Challenges Stock Market Norms

Maneesh Dangi has released a provocative new book titled Booms, Busts and Market Cycles, published by Penguin, which aims to reshape the conversation around stock market investing. Unlike typical personal finance books that offer comforting advice, Dangi confronts the harsh realities of investing with a candid approach. He dismantles popular myths, such as the belief that long-term investments are always profitable or that the power of compounding is infallible.

Reevaluating Investment Philosophies

One of the most striking features of Dangi’s work is its philosophical undertone. He emphasizes the importance of self-awareness before embarking on investment journeys. As he states, “philosophy is not a retreat from investing reality. It is its highest, most necessary preparation.” This perspective is informed by Dangi’s extensive experience as an analyst and fund manager, providing readers with insights that are both profound and practical.

The book is structured in an engaging format, presenting its ideas through a series of essays and dialogues. Dangi draws on a diverse range of characters, from historical figures like Buddha and Mahaveer to modern pop culture icons such as Thanos from the Avengers and Vijay from the film *Agneepath*. This eclectic mix not only captivates readers but also encourages them to reflect on the broader implications of investing.

The Importance of Awareness

Dangi’s exploration of investment philosophy is particularly valuable for new investors. He likens investing to a form of mindfulness, urging individuals to remain calm and attentive in the face of fluctuating market conditions. “Awareness, not analysis, holds the key to the right action,” he writes, advocating for a thoughtful approach rather than a reactive one.

In an age of information overload, Dangi’s call to slow down resonates deeply. He suggests that a meditative mindset can enhance concentration and decision-making. By observing market trends without emotional interference, investors can better navigate the complexities of the stock market.

Honesty is a hallmark of Dangi’s narrative. He does not shy away from discussing the frequent failures that investors face. Rather than romanticizing the successes of figures like Rakesh Jhunjhunwala and Warren Buffett, he emphasizes that “in default mode, failure is not an accident, it is the norm.” This candid admission serves as a crucial reminder that learning from mistakes, both personal and observed, is essential for successful investing.

Dangi challenges readers not to become overly fixated on data. He asserts that “not all truth screams from spreadsheets. Some whisper in instincts.” This insight encourages a balanced approach to investing, where intuition and analytical data coexist. He acknowledges that feelings of uncertainty and fear are natural, even suggesting that superstition can serve as a coping mechanism in the unpredictable world of markets.

Practical Strategies for Investors

Throughout the book, Dangi offers practical lessons for navigating the stock market. He advises investors to accumulate shares slowly and exit quickly when negative news arises. Conversely, for fund managers or macro speculators, he recommends a strategy of buying rapidly and selling gradually, as panic can cause prices to collapse swiftly. “The moment needs to be seized,” he writes, highlighting the urgency of acting decisively in turbulent times.

On the other hand, he notes that rallies tend to be prolonged in Indian markets, suggesting a more gradual exit strategy during such periods. Dangi also emphasizes the importance of maintaining a portion of cash in portfolios, advocating for flexibility and humility in investment approaches. Incorporating stop-loss orders is another tactic he recommends for managing risk effectively.

While the book’s narrative can be somewhat disjointed at times, the introductory summaries before each essay help clarify the key points. For younger readers, a more expansive exploration of the concepts presented could enhance understanding. Overall, Booms, Busts and Market Cycles is a valuable resource for anyone with a serious interest in the stock market, particularly those willing to confront its inherent challenges.

Published on November 16, 2025, Dangi’s work invites a critical reevaluation of investment practices and philosophies. It is a timely contribution to the discourse on personal finance, encouraging a more nuanced understanding of what it means to invest wisely.