One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Author: Visit Amazon's Peter Lynch Page | Language: English | ISBN:
0743200403 | Format: PDF
One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Description
Review
Anise C. Wallace
The New York Times Mr. Lynch's investment record puts him in a league by himself.
About the Author
Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990 when it was one of the most successful mutual-funds of all time. He then became a vice chairman at Fidelity and more recently has become a prominent philanthropist particularly active in the Boston area. His books include
One Up on Wall Street, Beating the Street, and
Learn to Earn (all written with John Rothchild).
See all Editorial Reviews
- Paperback: 304 pages
- Publisher: Simon & Schuster; 2nd edition (April 3, 2000)
- Language: English
- ISBN-10: 0743200403
- ISBN-13: 978-0743200400
- Product Dimensions: 8.4 x 5.6 x 0.8 inches
- Shipping Weight: 4 ounces (View shipping rates and policies)
This is the first book I ever read on investing. My cousin, Paul, who was a broker at Merrill Lynch, recommended it to me. I followed Paul into the financial services industry, toiling 12 long years peddling stocks, bonds, mutual funds and insurance products. During my tenure as a Wall Street professional (I use that term very loosely), I must have read 200 different books on investing. Oddly enough, I have discarded many of those poorly written investor guides and still refer back to this classic book penned by Peter Lynch, mutual fund demigod, investment guru, stock-picking legend!
At the heart of Lynch's case is that each individual has enough inherent knowledge and experience to be a successful investor. He uses numerous analogies to show investors:
1. The power of common knowledge (take advantage of what you already know) 2. You don't need to be a Wall Street analyst to uncover great investment opportunities 3. You are not disadvantaged vs. large, institutional investors You don't have to accurately predict the stock market to make money in stocks 4. To keep an open mind to new ideas
From my years on Wall Street, I found many of his theories and ideas to be completely accurate. Many other books I have read focus on the inherent evils of the possessed financial consultant community. Yes, the industry has its problems. However, $8 stock trades are not the only ingredients in profitable investing. In fact, I don't recall him emphasizing the need for discount trades, a fact over-emphasized in almost every other book I have read (remember, I am no longer in the industry...I don't need to strike a case for broker commissions). Instead, he shows you what information to focus on and how to apply it.
Do yourself a favor: Buy this book. Read it twice. It is not outdated...
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