Read Online One Up On Wall Street: How To Use What You Already Know To Make Money In By Peter Lynch

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One Up On Wall Street: How To Use What You Already Know To Make Money In-Peter Lynch

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More than one million copies have been sold of this seminal book on investing in which legendary mutual-fund manager Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.America’s most successful money manager tells how average investors can beat the pros by using what they know. According to Lynch, investment opportunities are everywhere. From the supermarket to the workplace, we encounter products and services all day long. By paying attention to the best ones, we can find companies in which to invest before the professional analysts discover them. When investors get in early, they can find the “tenbaggers,” the stocks that appreciate tenfold from the initial investment. A few tenbaggers will turn an average stock portfolio into a star performer. Lynch offers easy-to-follow advice for sorting out the long shots from the no-shots by reviewing a company’s financial statements and knowing which numbers really count. He offers guidelines for investing in cyclical, turnaround, and fast-growing companies. As long as you invest for the long term, Lynch says, your portfolio can reward you. This timeless advice has made One Up on Wall Street a #1 bestseller and a classic book of investment know-how.

Book One Up On Wall Street: How To Use What You Already Know To Make Money In Review :



So, here we have an artisan unveiling the secrets about his craft. I really could not provide enough praise to this piece. I guess all I can say is that this book made it to my car...and stayed! Many books have taken a couple of rides with me in my car just to return to the shelf. I just happen to have two little kids (4 and 2) so I have spent a lot of time in my car during the last 4 years (you know, to get them to nap). So, as they nap, I read. And the read better be good, because I don’t have a lot of time for it.Now, back to the book. This book is known for emphasizing some of the advantages that individual investors have (say, over institutional ones) when it comes to finding investment opportunities. One of these advantages relates to the fact that -due to mandate or sheer size- institutional managers cannot even start considering investing in small caps. This leads to a second advantage, which is that individual investors can find very attractive opportunities by just looking around them. This advantage is even more true today considering the easy access everybody has to stock and company related data.This is one of those books where, If you randomly pick a paragraph on any page, it will find a way to keep you engaged. The writing style is just too good. And I think it is that good because this man is pure wisdom. He could sit in front of me for the rest of my life and that probably would not be enough time for him to pass on all his knowledge. He was an investor, a trader, an equity analyst, a portfolio manager, and a businessman all in one. Incredible!The three sections I found most valuable are these:1- company/stock classification (slow/fast growers, stalwarts, turnarounds, etc)2- description of the characteristics of a fast grower or 10-bagger.3- details of the effect of interest rates on the markets’ historical P/E ratio.Do yourself a favor a read this book. You won’t regret it.
I heard about this book from various places and it seems to be highly recommended for anyone interested in investing. Lynch is well known for his "invest in what you know" mantra, and even though some take it as justification to invest in whatever company they simply "feel good about," Lynch is nowhere near as reckless in his book and even warns against it.His main premise is that individuals, such as me and you, take part in the economy and are well aware of new trends and investing opportunities. By being aware and doing diligent homework before investing, you can find numerous "baggers" - stocks which increase by multiples over time - that can make you quite wealthy. In fact, Lynch points out this gives the average person an edge against professional investors, thus giving the book it's title. Throughout the book he details his ideas and methods for analyzing companies and serves as a good foundation to the value oriented investors. The author also seems to have a good sense of humor (like Buffett) which makes the book joyful to read.The only downside of the book which I can find is that it is a bit outdated as it was written decades ago. Much has happened since then such as the dotcom bubble and the 2008 recession. But I find this a minor issue as the lessons and techniques detailed in the book are general enough to apply broadly. It in no way takes anything away from the quality of the book.

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