One Up On Wall Street: How To Use What You Already Know To Make Money In Author: Peter Lynch | Language: English | ISBN:
B006YDFYW6 | Format: EPUB
One Up On Wall Street: How To Use What You Already Know To Make Money In Description
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.
- File Size: 23760 KB
- Print Length: 304 pages
- Publisher: Simon & Schuster; 2nd edition (February 28, 2012)
- Sold by: Simon and Schuster Digital Sales Inc
- Language: English
- ASIN: B006YDFYW6
- Text-to-Speech: Not enabled
X-Ray:
- Lending: Not Enabled
- Amazon Best Sellers Rank: #11,593 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #5
in Kindle Store > Kindle eBooks > Business & Money > Investing > Stocks - #8
in Kindle Store > Kindle eBooks > Business & Money > Investing > Investing Basics - #14
in Kindle Store > Kindle eBooks > Biographies & Memoirs > Professionals & Academics > Business
- #5
in Kindle Store > Kindle eBooks > Business & Money > Investing > Stocks - #8
in Kindle Store > Kindle eBooks > Business & Money > Investing > Investing Basics - #14
in Kindle Store > Kindle eBooks > Biographies & Memoirs > Professionals & Academics > Business
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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